Hello SafePal Community,

We are pleased to announce the fifth partner of the SafePal WHO (Wallet Holder Offering) – YokaiSwap. It is a pleasure to announce our 1st Nervos Network $CKB Wallet Holder Offering (WHO) partner YokaiSwap for taking part in educating the SafePal community about Layer 2 solutions. Through this Wallet Holder Offering Event, the SafePal community will get to experience a brand new blockchain as well as a layer 2 network.

YokaiSwap is a next generation interoperable, decentralized trading platform and the first to come from the Nervos network. This DEX (Decentralized Exchange) will have AMM (Automated Market Maker) protocol integration which will be essential for priced assets to be algorithmically and efficiently swapped for user to smart contract transactions. YokaiSwap will also have Yield Farming and Staking so you can earn passive income after trading. Yokai is actually one of the first projects that received financial backing from inNervation, which is a fund created out of the CMB International and Nervos Network partnership.

YOK coin is the platform token of YokaiSwap. It has various utilities such as purchasing NFTs, staking YOK to participate in launchpad projects, participating in lottery and more.

Each SafePal Wallet Holder Offering (WHO) is different from one another because every crypto project is inherently different. During the SafePal WHO X YokaiSwap campaign, all the whitelist participants will share an exclusive 10,000,000 $YOK reward pool by holding 10,000 layer 2 $CKB tokens also known as $CKB (Godwoken) within the SafePal Wallet. Scroll down and learn how to participate.

Whitelist Requirements

There are a total of 20,000 Whitelist Slots
Each mobile device and $CKB layer 2 wallet address also known as (Godwoken) address can only participate once.

Users need to enter the whitelist in order to participate and claim the rewards from the 10,000,000 YOK reward pool.
The participant limitation is 20,000, meaning only the first 20,000 users who are whitelisted successfully are able to participate in the campaign.
Please read through the following guidelines and disclaimers carefully before you participate in the event.

How to participate

Step 1 Get prepared for the campaign

Make sure you have downloaded the latest SafePal App V3.0.1 from here, set up the SafePal App, and create a wallet in the App. Here are some useful tutorials for the wallet setup process:

Step 2 Become a Whitelist user

The whitelisting begins at 08:00 AM UTC on November 26, 2021. There are 20,000 whitelist slots based on the first-come, first-served principle. Each mobile device and $CKB (Godwoken) address also known as the layer 2 address can only participate once.

The whitelist requirements are as follow:

Have a Hardware Wallet, OR
Have a SafePal Software Wallet and 300 $SFP tokens

Once a user passes the whitelist, the main task in the WHO DApp will automatically become available and users can immediately begin to complete the main task in step 4

For detailed instructions on this task, read the tutorial here.

Step 3 Spread news and join the communities to win additional shares from the reward pool

Users who are verified as whitelist users can enjoy additional share allocations if they successfully complete the following social tasks:

1. Follow And Retweet Twitter

Important: Users need to pass the whitelist and finish the main task to get the rewards from this Twitter task. Make sure you have entered the campaign whitelist and finished the main task first.

Step 1: Follow YokaiSwap & SafePal on Twitter
Step 2: Retweet the official announcement of SafePal x YokaiSwap WHO Airdrop along with your unique referral code. Your referral code can be found in the Wallet Holder Offering DApp within the App.
Step 3: Come back to the Twitter task within the Wallet Holder Offering DApp, paste your RT link into space, and click ‘Verify’
Step 4: If successful, your wallet address will be granted an extra 0.1 share allocation from the reward pool if you completed the hold $CKB task in Step 4.

Note: The Twitter account must be older than 180 days and have more than 10 followers.

For detailed instructions on this task, read the tutorial here.

2. Join Discord

Step 1: Download and install the Discord App, next set up a Discord account on your mobile device
Step 2: Click on the link inside the WHO DApp to open the Discord Bot Chat
Step 3: Click “Authorize” to authorize the Discord bot which will add your account into both SafePal and YokaiSwap Discord Servers
Step 4: Go Back to the SafePal Wallet App “Wallet Holder Offering – YOK” DApp and Click the “Verify” button below to complete this task
Step 5: If successful, your wallet address will be granted an extra 0.1 share allocation from the reward pool if you completed the hold $CKB task in Step 4.

For detailed instructions on this task, read the tutorial here.

3. Super Referral Program

Important: Users need to pass the whitelist and finish the main task to get the rewards from this Twitter task. Make sure BOTH the referee and referrer have entered the campaign whitelist and finished the main task first.

The SafePal Referral Program is a great way to earn additional WHO airdrop tokens for free by inviting your family and friends.

After a referee enters a referral code, the referrer can earn an extra 10% reward calculated based on the tokens their referees earn from the campaign. Each referee can also earn an extra 0.1 share by completing the hold $CKB task in Step 4.

For detailed instructions on this task, read the tutorial here.

Step 4 Main Task
Hold 10,000 $CKB (Godwoken) Tokens inside the SafePal Wallet

This task represents 3 shares of the 10,000,000 $YOK reward pool. Users need to migrate 10,000 $CKB to Godwoken Network which is the layer 2 network on Nervos Network and hold the 10,000 $CKB in the CKB (Godwoken) wallet address until the campaign ends at 8AM UTC November 30.

Bonus: YokaiSwap will host the $YOK IDO on November 30 12:00 UTC. Users who complete this task can directly stake the $CKB (Godwoken) into YokaiSwap to join the $YOK IDO campaign for more $YOK rewards.

1. Follow this guide to complete this task

2. Once you have migrated 10,000 $CKB to your $CKB (Godwoken) address, come back to this page and click ‘Verify’ below

3. Once verified, continue to hold the 10,000 $CKB in the $CKB (Godwoken) address until the campaign ends at 8AM UTC on November 30.

The calculation of the shares will be announced on the SafePal Blog at 11AM UTC on November 30, and the rewards will be transferred to your $CKB (Godwoken) address after the $YOK IDO at 12PM UTC November 30.

Tutorials

How to obtain CKB (Godwoken) tokens also known as the layer 2 CKB tokens?

$CKB is the native token of the Nervos Network and CKB (Godwoken) is the layer 2 token on the Nervos Network.

This tutorial will show you how to move $CKB to the Godwoken network which is the layer 2 network of the Nervos blockchain.

Campaign Timeline

8 AM UTC, November 26: Users can sign up for the whitelist within the SafePal App, if approved users can begin to complete the social tasks as well as the main task.
8 AM UTC, November 30: The YokaiSwap WHO Campaign will end.
11 AM UTC, November 30: $YOK rewards amount will be displayed within the Wallet Holder Offering – YOK DApp.
Between 2 PM-4PM UTC, December 1: The $YOK tokens will be sent to the qualified participants’ CKB layer 2 addresses also known as the $CKB (Godwoken) address by the YokaiSwap team. Subject to change based on the YokaiSwap team.

Rewards Calculation & Distribution

1. Distribution of $YOK

By the time the campaign ends on November 30th, 2021, all participants who are still holding 10,000 layer 2 $CKB tokens also known as (Godwoken) will be qualified for the distribution of $YOK in step 4

The reward token amount each participant receives is calculated based on how many participants are sharing the pool and how many tasks the participants complete. The calculation formula is as follows:

Each Participant’s SFP Reward = [ 10,000,000 YOK Tokens/ Number Of Total Shares Completed ] * Number Of Shares Completed By Each Participant

FAQ

1. What is Wallet Holder Offering (WHO)? Why should I participate?

SafePal Wallet Holder Offering is a mechanism to reward all the SafePal users, SFP holders and community supporters. Users can earn exclusive token airdrops from SafePal and its ecological partners. It’s a great way to earn extra rewards by already using the SafePal wallet or holding the SFP tokens. Learn more about the SafePal Wallet Holder Offering (WHO) from our previous announcement.

Moonpot is the third partner of the SafePal WHO Event. You can learn about the previous WHOs from here:

2. When and how will the YOK Tokens be distributed?

Since $YOK token isn’t listed yet, the actual distribution of the YOK rewards will be transferred by the YokaiSwap team after $YOK is listed. For now, the YOK IDO is set for December 1st, 2PM – 4PM UTC, but we will surely keep the community posted whenever there is an update. Subject to change by the YokaiSwap team

3. How many reward tokens does one share equal?

It really depends on how many participants are sharing the pool and how many tasks the participants have completed together. The calculation formula is as follows:

Each Participant’s Reward Token = [10,000,000 $YOK / Number Of Total Shares Completed ] * Number Of Shares Completed By Each Participant

Disclaimer

Risk Warning

Cryptocurrency investment is subject to high market risk. Please invest cautiously. SafePal will not be responsible for your investment losses. SafePal will not be liable whatsoever for any direct or consequential loss arising from the participation of its activities. SafePal will make the best efforts to select high-quality partners for WHO, but will not be responsible for your investment losses. Thanks for your support!

SafePal reserves the right to disqualify all suspected participants that are botting, front running, or exploiting the Wallet Holder Offering (WHO) mechanism without appeal. Investors also should be mindful that what has been described above surrounding Wallet Holder Offering (WHO) does not represent financial advice.

Not Investment Advice

This activity does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the article’s content as such. SafePal does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.

Non Endorsement

The appearance of a third party on SafePal and its activities does not constitute an endorsement, guarantee, warranty, or recommendation by SafePal. Do conduct your own due diligence before deciding to invest in any third-party projects or use any third-party services.