Hey there, SwissBorg Heroes!
Are you ready to earn points and climb the ranks in the SwissBorg Hero Score program? Here’s a detailed summary about the rules and guidelines for the program.
The Hero Score program is all about incentivising positive actions that benefit the BORG ecosystem and help you to manage your crypto portfolio using SwissBorg’s flagship products. There are several ways to earn points, so make sure you read the rules carefully!
Your Hero Score identity is your key to some awesome perks and exclusive NFTs! The score represents your involvement and loyalty within our community. As you reach different milestones, each signifying your increasing commitment and activity, you'll get access to cool rewards that match your level. These perks and NFTs are our way of saying thanks for being such a big part of our community and helping us grow together.
Hodl that BORG
You’ll get points for reaching a certain threshold with your BORG balance in USD. This means that the more BORG you hold, the more points you can earn. Just remember, these points are calculated based on your BORG balance, including any BORG you've locked in Premium.
Pro tip: boost your premium as it will generate even more points for your BORG.
Invest using our flagship products
We develop our products to empower you on your crypto investment journey and ease your overall crypto experience. Because of this we’ll grant you points for utilising the power they provide.
You will get additional points by reaching a certain threshold with your Crypto Bundle balance (great for diversifying your portfolio) and the amount you use in Earn or Alpha opportunities.
To increase the benefits across the variety of our products you should also consider upgrading your premium tier, as it will get you extra points based on the tier you are in at any given time.
Carry out your investments on a regular basis
Every week you can earn points for expanding your crypto portfolio in the SwissBorg app. In bear markets as we are in right now, experts state the importance of not trying to time the market, but in investing continuously on a regular basis (learn more about the power of dollar cost averaging here). That’s how we designed the point system - to better align your investment cadence with the industry’s best practices.
Get 10 points for each week when you have +$50 worth of BORG exchange netflow.
This netflow is defined as the amount bought minus sold for the given week (from Monday until Sunday, UTC timezone), so having only an increase of value in USD on existing BORG tokens due to price fluctuations would not provide extra points.
Get 5 points for each week when you have +$50 worth of Crypto Bundle exchange netflow.
Get 5 points for each week when you have +$50 worth of Earn/Alpha opportunity netflow. This netflow is defined as the amount of top-ups minus redemptions (to or from Earn opportunities or Alpha vaults) for the given week (from Monday until Sunday, UTC timezone), meaning the compound yield is not accounted for the required weekly amount to get the points. We consider the timestamp you clicked to subscribe or redeem funds for the score computation.
Last but not least, get 5 points each week for adding at least +$50 worth of funds (crypto and/or fiat) into your account - this could be done using your card, transferring the money from your bank account or moving crypto from an external wallet.
Appreciating our loyal Borgers
We want to acknowledge all the strong Borgers that have been with us through good and bad times. We thank you!
You will get 1 point for each calendar month you had $50 worth of balance in your SwissBorg account, and an additional 1 point for every month you have had an active premium tier. These points are calculated for your entire time with us, not just during the first season of the Hero Score program.
Example case with Steve
Let's dive into an example to understand how the Hero Score program works:
Meet Steve, an imaginary, but passionate SwissBorg user. He joined the Hero Score program to enhance his crypto journey and unlock exciting rewards. Here's how Steve earns points and climbs the ranks (in this example we are in the second week of the program).
Threshold based points
Steve earns points by reaching certain thresholds with SwissBorg products. Here’s what Steve was holding yesterday:
- Total AUM: He has an equivalent $19,213 of total assets under management in SwissBorg, and for reaching the $10k threshold, he earns 15 points.
- Holding BORG: He has a $5,463 BORG balance, and for reaching the $5k threshold, he gets 45 points.
- Crypto Bundles: By having $1,210 in the Golden Crypto Bundle, he has reached the $1k threshold, so he gets 10 points.
- Earn balance: By holding $12,530 in Earn wallets, he has reached the $10k threshold, which gives him 20 points.
- Premium tier: As Steve has upgraded to premium already in the first week of his SwissBorg journey, his Explorer Premium tier status provides him an additional 15 points.
Important note: If Steve reached a $10,000 BORG balance, he would get the 60 points linked to that BORG threshold; these are not an additional 60 points on top of the already achieved 45 points, but 60 points in total.
Weekly activity based points
Steve earns points for positive netflows and regular top-ups, calculated each Monday to Sunday from the previous week (UTC timezone). He is very active, so the collects points on a weekly basis. Let’s look at his recent activity:
- BORG Netflow: For every week in which the BORG netflow is greater or equal to $50, Steve gets +10 points. Therefore, his current BORG netflow score is 50 points.
- Earn Netflow: Steve is a great ETH enthusiast, and staking ETH is a great strategy in the long run. For each week with at least $50 in Earn netflow, Steve gets +5 points. His current Earn netflow score is 20 points.
- Crypto Bundles Netflow: Due to his weekly Golden Crypto Bundle top ups, Steve got 50 points from the 10 previous weeks with at least $50 equivalent netflow.
- Weekly Top-up: Steve likes to make monthly deposits. For each week he deposited at least $50 equivalent, he got 5 points. His weekly top-up score is 10 points.
Loyalty-based points
Steve is a new, but loyal member of the SwissBorg community. He joined 6 months ago, but immediately became Explorer Premium by locking 500 BORG, so he is rewarded for this in the Hero Score program. Loyalty based points are calculated in calendar months, even before the start of the Hero Score Program.
- Time with SwissBorg: As Steve has been with SwissBorg for 6 months, and in all of those months Steve had at least $50 funds on his account, he gets 6 points.
- Time as Premium: As Steve joined the Premium community immediately, and has been a SwissBorg Premium member for 6 months, he gets 6 points.
Summary of points
Today in the Hero Score program, Steve has 247 points. Let’s go Steve, keep up the good work!
Your Hero Score identity is your key to some awesome perks and exclusive NFTs! The score represents your involvement and loyalty within our community. As you reach different milestones, each signifying your increasing commitment and activity, you'll get access to cool rewards that match your level. These perks and NFTs are our way of saying thanks for being such a big part of our community and helping us grow together.
Conclusion
We designed the Hero Score program for our community to reward our users that are putting good wealth management practices into action in their crypto portfolio. We strongly believe that in doing so, we are also strengthening the SwissBorg ecosystem. You are the true heroes of SwissBorg - onwards and upwards!
