Start your engines: the FLT Stake Race is on!
We’re excited to announce the FLT Stake Race, a dynamic quest designed to onboard users into the Fluence protocol to help further our vision to decentralize the web. This race targets delegates and developers, providing them with the opportunity to stake on providers’ hardware and earn staking rewards.
With over 1 million FLT in prizes, participants in the FLT Stake Race can compete for the top 100 spots for a chance to win a share of the prize pool. The FLT Stake Race will start on July 16th. Lap 1, The Ignition, will run from July 16 to August 20. Lap 2, The Final, will take place in September.
Start your engines: the FLT Stake Race is on!
What Are We Racing For?
Staking with real impact
We have decentralized payments and decentralized storage but we miss the critical piece, decentralized compute. That’s the hard truth of today’s web. Without decentralized compute, we are at the mercy of a few big companies controlling what we see, how we transact and what we can do online.
The FLT Stake Race is a race to unlock competition, lower prices, add transparency, allow users to have full control and to return to the original, open vision of the internet.
Fluence has architected its protocol to enable the largest, most performant and widespread computing network in the world which is powered by the FLT token that secures both compute resources (hardware servers), and actual compute jobs that these resources run.
The Fluence platform replaces trust in centralized cloud compute companies with cryptographic proofs and incentive systems.
FLT staking is integral to securing the compute on the Fluence network platform, enabling decentralized, verifiable compute. Compute providers can add CPU resources to the network, but only your stake can activate these resources, providing security and ensuring capacity and work execution. By staking $FLT, you secure the network, sharing rewards with compute providers and enabling an alternative to big tech platforms. Fluence can not do this without you.
Learn more about staking mechanics here
While racing for rewards in Stake Race, you are actually racing to unlock competition, lower prices, add transparency, allow users to have full control, returning to the original vision of the internet.
Whitelist to Stake
Staking capacity is limited by the quantity of hardware on the network and because Fluence is rolling out the platform progressively, the capacity will grow only as the number of CPU cores on the platform grows.
The FLT Stake Race presents a unique opportunity for participants to get whitelisted and be the first to stake and earn FLT rewards.
Prize Pool
To enhance the Stake Race experience, we’re introducing the following prize pool:
- 1 million FLT for all-time top-100 racers
- 10,000 FLT weekly for top-20 gainers
- Exclusive staking access NFTs for the all-time top 1000 participants, granting early staking access and rewards.
How to Secure Your Staking Spot & Win FLT Prizes
- Head over to https://race.fluence.network/
- Start and complete the quests.
- Check in weekly for new tasks.
Laps
The competition is split into two laps:
Lap 1: The Ignition – runs from July 16th to August 20th
Lap 2: The Final – runs in September
Each lap has its own prize distribution, with half of the total prize pool allocated to each. Prizes will be distributed after each lap.
FLT Prizes and Distribution
Transparency in prize distribution is key. Here’s how the rewards for the 1 million are allocated:
- Top 1: 20% of the total pool
- Top 2-5: 20% of the total pool
- Top 6-10: 15% of the total pool
- Top 11-20: 15% of the total pool
- Top 21-50: 15% of the total pool
- Top 51-100: 15% of the total pool
Beside the 1 million prize pool, every week 10,000 FLT is awarded to the top 20 participants on the leaderboard.
Prizes will be distributed at the end of each lap. Lap 1, The Ignition, will run from July 16 to August 20. Lap 2, The Final, will run from September 2 to September 30.
You can read more about the Stake Race and FLT Staking in our FAQs on race.fluence.network.
For any questions keep an eye on our Discord channel #-flt-stake-race.
Disclaimers
Fluence DAO reserves the right to adjust or change the rules of this program to ensure accessibility. A fair-game rule is in place. Any manipulation of the competition resulting in unfair reward accrual will lead to the involved wallet(s) being banned and removed from participation.