Omni launches first Staking Sweepstakes campaign
Earn with the easiest-to-use Web3 DeFi wallet. Stake as low as 1 MATIC to earn Sweepstakes entries!*
*No purchase necessary to enter. Opt-in required; alternate means of entry available.
Omni is announcing its first Staking Sweepstakes campaign and we want you to be a part of it! Staking is a low-risk way to generate yield in the world of cryptocurrencies, and with Omni, staking has never been easier. Beyond standing a chance to win up to 7,000 USD worth of MATIC tokens, participants also earn default staking rewards from staking their tokens. Seasoned MATIC stakers and those new to the game alike, this is an opportunity you don’t want to miss.
On January 8th, three lucky participants will take home a collective total of 10,000 USD worth of MATIC tokens! Below, you’ll find everything you need to know about how Omni Staking Sweepstakes works and how to enter.
Simply stake via Omni to earn Sweepstakes entries
You can enter into the Omni Staking Sweepstakes simply by staking MATIC via Omni! You only need to stake a minimum amount of 1 MATIC to earn an entry into the Sweepstakes.
Please note that MATIC staking is via the Ethereum network. If you have MATIC tokens on Polygon, you can bridge them over to Ethereum right in app to be able to stake (and enter)!
Before participating, you must carefully read and accept the terms of the Omni Staking Sweepstakes Official Rules. Participants must be 21 or older to enter. Participation is void where prohibited by law.
The more you stake, the more entries you earn
For each 1 MATIC you stake, you earn one Sweepstakes entry. The more MATIC tokens you have staked, the more entries you earn, and the better your odds of being a potential winner are!
Hold your stake longer to earn a boost
Our inaugural Staking Sweepstakes campaign will launch on December 19th at 7 p.m. Eastern Time (“ET”) and ends on January 8th, at 7 p.m. ET. Remember, the longer you stake your MATIC tokens, the more entries you’ll earn, so be sure to get in on the action as soon as possible!
You are rewarded for each day that you keep your MATIC staked throughout the duration of the Sweepstakes ("Time Boosts"). Entries earned via Time Boosts are based on the following formula:
Time boost for each day:
Time boost * ceiling (1 - (days_since_start/(total_days+1))), where ceiling = (1 - days_since_start/total_days+1) rounded up to the nearest integer and Time boost = 20 (number of days in the first round)
On the flipside, for each amount of MATIC unstaked during the course of the Sweepstakes, you will relinquish an amount of tickets prorated to the amount earned by staking such an amount. Make sure to maintain your staked positions throughout the duration of the Sweepstakes to maximize your entries!
Get a boost when you invite friends
Increase your odds of taking home the prize by inviting your friends to join, using your unique referral link! Once you enter the Sweepstakes through staking MATIC in Omni, you’ll gain access to a unique referral link. Every time the referred user earns an entry, you will receive 10% of the entries that the referred user holds. For example, if your friend stakes 10 MATIC and earns themselves 10 entries, you'll receive one extra entry. At the same time, invited users that use a referral link will receive 5% of the entries that the participant whose referral code they used holds! It’s a win-win for all!
On January 8th at 7 p.m. ET, we'll be randomly selecting three lucky winners. One lucky winner will take home 70% of the total prize pool (7,000.00 USD in MATIC), the second prize winner will take home 20% of the total prize pool ( 2,000.00 USD in MATIC), and the third prize winner will take home 10% of the total prize pool (1,000.00 USD in MATIC).
Plus, earn more entries via impromptu Missions and Boosts
It's best to stay up to date on our Twitter and Discord posts throughout the duration of the Sweepstakes, as we'll be announcing impromptu Missions and Boosts for participants who entered via staking MATIC to earn additional entries! ⚡️
If you are one of the lucky potential winners, we will be contacting you via the email address that we will request in-app upon notification that your name was drawn! Make sure to check and respond within 72 hours so that your winning application can be processed. Potential winners will be required to submit information and documentation to accept their prize; please see Section 6 of the Official Rules for more information.
Don't wait to enter – and remember, the more MATIC you have staked, the more Sweepstakes entries you can earn!
If you're interested in participating, be sure to read our Omni Staking Sweepstakes Official Rules carefully before diving in. Remember, by participating in the Omni Staking Sweepstakes, you are acknowledging that you have read and accepted the Official Rules.
Good luck, Omni fam! 💘
OMNI SWEEPSTAKES OFFICIAL RULES: CLICK HERE
Will my staked MATIC still earn staking rewards while I’m participating in the Staking Sweepstakes?
Yes! Your staked position will continue to earn staking rewards like it would normally. Participation in the Staking Sweepstakes is an added bonus that will give you a chance to win on top of your staking rewards!
What happens if I unstake my MATIC during the course of the Staking Sweepstakes?
If you decide to unstake your MATIC before the end of the staking period for a pool, the number of tickets you have entered into the prize pool raffle will be reduced in proportion to the amount you unstake. For example, if you unstake 20% of your position, you will lose 20% of your tickets. We recommend keeping your MATIC staked in order to retain your tickets and maximize your chances of winning the prize pool rewards.
What if I already staked MATIC with Omni before the Staking Sweepstakes launched?
You will be eligible, however, you have to opt-in! If you want to enter the Sweepstakes through your existing staked MATIC position, make sure to opt-in to the pool on the Omni app as well. As soon as you select to opt-in, your participation in the MATIC prize pool will be active.