Over the past few months, our friends at NFT Harbor have released a new loyalty token using the Project Token Creation Tool. If you’ve got NFTs on GalaChain and haven’t checked it out yet, why not!?
Below we’ll break down the basics for you so you can start getting rewarded for using NFT Harbor!
Rewarding Loyalty: HRBR
We’re so excited to see NFT Harbor release a reward token. Some of the earliest roots of cryptocurrency can be traced back to loyalty rewards programs from retailers and service providers, so it’s always great to see developers on GalaChain working to reward the community that supports their projects!
HRBR is a token created with the Project Token Creation Tool, and you can view your balance or initiate transfers from your Balance page on GalaSwap. You can exchange HRBR back and forth for $GALA on GalaSwap with other users, or you can buy it directly from NFT Harbor using $GALA.
NFT Harbor rewards users with HRBR based on the transaction fee they pay for each completed p2p exchange on the site (Note that swaps are not included). The seller and buyer will each receive different proportions of the total fee paid back as HRBR.
The Benefits of HRBR
Users of NFT Harbor can use the HRBR they’ve accumulated from transactions to pay discounted fees on the platform in the future. Not only can you pay the fee for a transaction or cancellation with HRBR, but you’ll receive a 50% discount on the total cost of the fee.
Hodl Power is a system offered by NFT Harbor to reward those who hold more HRBR and are more active in the ecosystem.
Anyone can receive increasing tiers of benefits based on the amount of HRBR in their account, with 20,000 HRBR maxing out your benefits at 100%.
Calculations for HRBR are based on the total at the end of the previous week. Only users who have logged in at least once during the week will be counted!
Bigger and Better
With the recent launch of NFT Harbor’s new and improved site and HRBR it’s never been easier or more rewarding to use GalaChain’s first marketplace.
It’s always exciting to see GalaChain developers building better and always improving. Congratulations to NFT Harbor on this major step and extra reward for the GalaChain community!
