A Comprehensive Guide to ARMswap's Proof of Contribution System

The crypto industry has seen tremendous growth in the last few years as it has reached over $3.19T market cap, which is projected to reach about $8 to $10 trillion in the coming years. Many crypto platforms in the market offer their users different rewards programs to increase adoption and user participation. Likewise, a newly launched platform, ARMswap, provides its users with various opportunities to contribute and earn free crypto rewards. 

ARMswap is a cross-chain bridging and swapping platform providing 31 blockchain networks to transfer the crypto assets and offers multiple opportunities to earn through its Grants Program. ARMswap also ensure the safety of transactions by employing the Hardware Security Modules (HSM) so you can securely transfer your crypto assets with peace of mind. ARMswap does not stop here it also designed a unique mechanism, the Proof of Contribution (PoC) system, to recognize and reward active participants.

In this blog, we will walk you through the ARMswap PoC system, explain how it works, and how you can benefit from it.

What is Proof of Contribution (PoC)?

Proof of Contribution (PoC) tracks and verifies your contributions to the platform. POC system ensures your efforts are recognized and rewarded based on your participation.

How Does the PoC System Work?

Below, you will find a step-by-step breakdown of how the Proof of Contribution system works:

1. Choose a Category:

Open the Discord and check out the ARMswap #DeWork channel. You will discover different task categories. Pick any of them based on your skills and interests.

2. Contribute to Task: 

Once you have selected the category, whether it's about identifying bugs, promoting ARMswap, or proposing new ideas or features, complete the task to the best of your ability.

3. Submit Proof of Contribution: 

After completing the task, submit proof of your contribution as a QE via the user contribution form. This step is very important, so while submitting your contributions, be careful as it officially records your contribution.  

4. Earn Rewards: 

Submit the proof of contribution, depending on the number of QEs, you will earn the monthly rewards, or even you can qualify for the MVP program.

ARMswap Grants Program

ARMswap offers multiple opportunities in its Grants program to earn crypto rewards whether you are a developer, marketer, or anyone. If you have skills, then ARMswap has something for you to contribute and earn. Here are some of the key categories in the ARMswap Grants Program:

1. Bug Bounty Program

Got the skills to identify bugs? Then, this category is for you. In the bug bounty program, you have the opportunity to earn rewards by identifying bugs and vulnerabilities and then submitting them to the ARMswap PoC system by submitting a user contribution form. Based on the bugs you find, whether they come under minor, major, or critical levels, you will be rewarded with in either ARMSP, ARMUP or USD.

2. Marketing Outreach

Experience in promoting platforms with engaging content? ARMswap has a position for you, too. By creating engaging content to promote the ARMswap platform and expand its reach, whether it's through blog writing, article writing, making videos, or managing social media campaigns, you can earn crypto rewards based on your contribution submitted on PoC.

3. New Ideas Development

Love developing new ideas? ARMswap values innovation, and you can enjoy working in this category if you are creative and can bring new ideas and improvements to the ARMswap platform. You have to register your "proof of contribution" as a QE (Qualifying Event) by submitting a user contribution form, and you will be rewarded for each successful submission.

4. Community Engagement

Enjoy being an active participant in the platform? By actively participating in the ARMswap platform, answering questions, and helping others by providing feedback, you can earn rewards after submitting your contribution to the POC system.

Contribute to the ARMswap

As you explore different ways to contribute based on your interests or skills—whether it's through the bug bounty program, marketing outreach, new idea development, or community engagement—you will need to complete a task in one of these categories. After finishing the task, you must fill out the contribution form. When you open the form, you will find two categories: one for the bug bounty program and the other for marketing outreach, new idea development, or community engagement. It is important to select the correct category based on your area of interest before filling out the form. 

The MVP Program

ARMswap values their consistent contributors. If you stay in the long run and contribute consistently, then you can get a chance to be a part of the MVP (Most Valuable Player) Program. MVP is a path to long-term benefits, a prestigious initiative that rewards its top performers with exclusive benefits. Here's how you can qualify:

1. Earn 30 QEs in a Quarter: To be eligible for MVP status, you need to accumulate 30 QEs within a quarter (10 QEs per month).

2. Submit Your Nomination: Once you've achieved the required QEs, submit your nomination by the 1st of the following month.

3. Voting and Results: The community votes on the nominees, and results are announced by the 10th of the month. A total of 12 MVPs (3 from each category) are selected each quarter.

4. Claim Your Rewards: MVPs receive rewards ranging from 1,000 to 10,000 ARMSP tokens, along with executive recognition and leadership opportunities within the community.

Ready to Join?

By joining the ARMswap platform, you will get a chance to contribute to your favorite category based on your skills and interests. After successfully submitting your Proof of Contribution, you will earn crypto rewards.

Visit ARMswap Today and start earning!