What is Vote for Enno?
Vote for ENNO Campaigns are the result of how Enno Wallet communicate well with its own community in Waves Blockchain. Long story to short, Waves Exchange announced on July 7th that the voting period for the Emission Distribution had got shortened to 2 weeks. The emission distribution concerns the liquidity pools on Waves Exchange and users lock their WX tokens in a long term to get gWX (governance WX) tokens. Then, users may use gWX for governance purposes like voting to change the distribution weight of available liquidity pairs and hence the total minimum and maximum APY rates. To conclude, the more a pool is voted, the more it generates rewards for its investors.
For this continuing voting structure, we started a campaign series called “Vote for ENNO“. We asked our community to vote for ENNO/USDN pool on Waves Exchange.
Brief of 3 Successful Vote for ENNO Campaigns
First campaign was on July 8th 2022. At the end of the first voting period, ENNO/USDN pool completed the round in the top 10 and increased its distribution weight from 0.5% to 1.94%. We rewarded those who voted with 2000 ENNO and we gave an additional reward of 500 ENNO for those who was willing to spread the campaign message on Twitter.
We kicked off a consecutive campaign after the success of the first round. Also we increased the reward pool to 2000 ENNO + 2000 WX for the voters. We aimed for at least 2% of distribution weight for the second round and the results exceeded our expectations. ENNO/USDN pool closed the round at the 7th place rising 2 places with a distribution weight of 2.54%.
So far, our community showed great interest and we wanted to return their favor. One more time we increased the reward pool to 2250 ENNO + 2250 WX for the voters and again an additional 500 ENNO for the Twitter campaign influencers. We knew that our community returns the favor and ENNO/USDN pool increased its votes by 70.07% and its distribution to 4.32% on Waves Exchange.
How to earn Passive Income out of ENNO/USDN Pool
Waves Exchange liquidity pools are available for everyone to earn passive income from your crypto assets, and especially from the ENNO. All you need to do is provide liquidity to ENNO/USDN pool. Liquidity providers get standard APY and they collect extra WX token rewards on the tokens they locked in pools.
Here is an example of earning passive income when you invest 1000$ into ENNO/USDN pool.
Please visit Vote for ENNO campaign page to see step by step instructions showing how to invest to the pool.
What is Next?
Now, it is time to celebrate good news. We have another round of votes and a following campaign. This time we have an extra special 2500 ENNO reward pool for the investors of the ENNO/USDN pool. Also we decided increase the previous reward pool and give 2500 ENNO + 2500 WX to the voters. Moreover there is still 500 ENNO reward to the Twitter influencers. That makes 2500 WX + 5500 ENNO in total, which is the biggest reward pool ever! Voting has already been started, plus you may add liquidity to ENNO/USDN pool for investing and collecting more rewards as well!
Timeline of the campaign
- Campaign starts on August, 18.
- Voting ends on August, 29.
- Rewards can be claimed on August, 31.
Join the Grand Prix
That’s not all! Waves Exchange itself kicked off another campaign to bring more attention to Emission Distribution Voting. The reward pool of the campaign is 180K WX and one big investor win the Grand Prix award of 100k WX all by themselves!
How to Win in Grand Prix
You need to invest at least 10K USDN worth of asset in any pool to compete in the Grand Prix. However if you invest at least 100 USDN to ENNO/USDN pool, there is an extra reward pool of 2000 WX as a mini-prize. Either for the big prize or mini prize, all you need to do is invest in ENNO/USDN pool to make more and more rewards. Waves Exchange announced that the Grand Prix will last for approximately 2 months. For more information on the campaign, you can review their article here.
