In a nutshell: This blog post will guide you through the steps for claiming your Phase 1 early adopter rewards. The claiming process will open on Monday, February 17th. You can now check your final Phase 1 allocation in the rewards calculator.
Ready for rewards?
Participants in the $PEAQ for krest early adopters program helped test network functionality and successfully uncover flaws and issues. These rewards are for providing that value, and for the early belief in the project and vision.
The early adopter rewards calculator allows you to check your final reward allocation for Phase 1 of the $PEAQ for krest early adopters program. Starting Monday, February 17th, you will be able to initiate the claiming process by linking your Substrate (Talisman/polkadot.js) and EVM (MetaMask) addresses.
Note: For more information about Phases 1 and 2 of the early adopters drop, please read this blog post.
Here’s how the claiming process will work.
Stage One
Check your final allocation
You can already check exactly how much $PEAQ you are eligible to receive as Phase 1 rewards. All you need to do is go to the rewards calculator and input your krest address.
Link your Substrate and EVM addresses
Starting Monday, February 17th, you will need to link your krest address (or multiple addresses) to an EVM address, as $PEAQ tokens will be distributed to EVM wallets. To do this, you will need to input both addresses into the calculator when prompted, sign the transactions to confirm both wallets, and sign the final transaction to re-confirm that everything is correct. Please note that you will only be able to use a MetaMask wallet for the EVM part of the process, with more wallet options potentially added later. For the Substrate part, you will be able to use either the Talisman wallet or polkadot.{js}.
The linking process is simple — you will just follow the steps outlined in the calculator.
The window for linking your Substrate and EVM wallets will open on February 17th and close on March 3rd.
You will be able to change the EVM address linked to your Substrate address(es) at any time during the linking window outlined above. The EVM address linked to your Substrate address(es) on March 4th will be the one rewards are distributed to.
Note: To be eligible to receive your rewards, you must link your Substrate and EVM wallets within the specified timeframe, regardless of whether you decide to claim your rewards in Phase 1 or continue into Phase 2.
Stage Two
Complete KYC verification
The next step toward claiming your rewards is completing KYC verification via Compilot. This step will be opened once the linking of Substrate and EVM addresses is complete and must be completed between March 4th and March 18th.
Reward distribution
Reward distribution will take place on March 19th. This is when all early adopters who have completed the required steps outlined above will be able to claim their Phase 1 rewards. The distribution will be handled via Compilot’s ISO 27001 compliant Token Distribution System.
While the process is straightforward, the timeframes for completing each step are both generous — to make sure no one misses the boat — and strict. So make sure to complete them in time. For updates on when each step opens, stay tuned to krest’s X profile.
If you decide to continue into Phase 2 for more rewards, you will need to complete the steps above to receive your Phase 1 rewards. Soon, you will be able to use the rewards calculator to check your potential rewards allocation if you decide to proceed into Phase 2.
You can now check your final Phase 1 allocation by visiting the early adopter rewards calculator here.
This communication relating to fungible cryptoassets is directed only at persons outside of the United Kingdom, United States, and territories which are subject to sanctions and other restricted territories. Please note: When dealing in cryptoassets, capital is at risk.
