AMA Learn & Earn Recap
Time: 20:00 (GMT + 7) on December 26, 2023
Location: Imota Youtube Channel
Link:
Hosts: Cris Vo & Anna
Language: English
Alternatively, you can view the summary (Recap) of our December AMA & Quiz session here.
Content:
- Introduction and sharing of crucial information about the Otara token with the user community
- Prize pool of $500 OTARA for users who interact and provide the most exact answers by commenting directly on the Youtube box.
In this article, we will summarize the crucial points discussed during the AMA session. If you have won a prize in our Quiz, please send your referral code to us and claim your reward.
What is Otara and how to earn Otara?
Otara is the native cryptocurrency token of Imota. Otara serves as a reward for the ecosystem and helps build the community through a reward mechanism. Otara creates value and empowers users throughout the ecosystem.
There are 3 sustainable ways to earn and accrue Otara:
- Daily Mining: Maintain daily free Otara mining on the Imota app (no upfront fees) and daily streaks to achieve the highest mining speed.
- Referral Program: Invite new users to join Imota to receive daily Otara commissions (3 turns per day). This is also a tool to build your community and network.
- Watching ads: Interact with ads to receive rewards as your proof-of-work. This is an optional feature, and you are not forced to do it. However, each ad interaction will provide you with fair and deserving Otara rewards. In the future, you will be shared in the rewards and receive income from this advertising revenue source.
Dual Unlock Mechanism and Practical Features of Otara
50% of Otara is unlocked through user interactions with the app, and the remaining 50% is unlocked through the Otara Wheel (luck chance). We respect the value that users contribute to the platform and ensure fair opportunities for all participating users on a random principle (regardless of whether they have participated before or are pupils).
Otara can play various roles in the ecosystem, and below are some important use cases:
- Ad engagement earnings through Revenue Sharing
- Purchase Medium
- Access Premium Features
- Transaction Fees Payment
- Liquidity Provision in DEX
Otara token value accrual refers to activities that increase the intrinsic value and market value of a cryptocurrency (such as Otara) over time.
Mechanisms for accruing the value of Otara
Utility: Expanding the utility of the Imota ecosystem increases the demand for the Otara token and develops its value.
Scarcity: Limiting the total supply through management aims to increase scarcity and stimulate market demand.
Staking Rewards: Participants in governance through staking activities will earn rewards.
Profit Sharing: Interaction within the ecosystem will bring benefits to users.
The more users interact with Imota, the more benefits Otara brings. In the ethic growth cycle of Otara, this helps the value of Otara increase throughout the project lifecycle.
High Otara value >> Attracts users >> More users help increase the Buy-Back pool >> Larger Buy-Back pool >> Higher Otara value >> (returns to the initial commencement)
Q&A (Audience Question and Answer Session)
List of prize-winning audience members:
REF CODE | OTARA |
AdSj3Icd | 10 |
YwuU0NLa | 10 |
sdbdEM9d | 10 |
Zp4PEYAX | 10 |
InWGUBiZ | 10 |
YE5n4iAb | 10 |
MgCM8WZg | 10 |
yjMkP2DG | 10 |
jcYmVVrE | 10 |
MgCM8WZg | 10 |
iXl0eZmO | 10 |
0SYyorSe | 10 |
zFZOiVnf | 10 |
yv3dRAZV | 10 |
XbzYXOW1 | 10 |
7fnNAkYa | 15 |
qORSRkUC | 15 |
ctkuiq9I | 15 |
LYJw2ean | 15 |
JS6tUt6i | 15 |
3Q6yfejL | 15 |
27Bq47OD | 15 |
M3H1l1OE | 15 |
kf2hHfyG | 15 |
Z0Fdou2z | 15 |
1zL4TVZr | 15 |
GL1uTJEN | 15 |
6ERNRK9M | 15 |
KAKBeDfm | 15 |
ukPLvLFB | 15 |
C7pdBUvI | 15 |
7SEjAo84 | 10 |
27Bq47OD | 10 |
0SYyorSe | 10 |
