Passive Claim
You can claim rewards weekly
Earned Neko Passive Claiming Rules
This document provides detailed instructions on how to convert your "Earned Nekocoin" into Nekocoin in your Portfolio.
What is Passive Claiming
Passive claiming enables users to convert their Earned Nekocoin balance to Claimable Nekocoin gradually over time.
Every Monday, a portion of your Earned Nekocoin balance will become Claimable Nekocoin based upon your Earned Nekocoin balance, Nekocoin balance and account value from the previous week.
If there are no funds in your account, 0.1% of the total amount of (Nekocoin + Earned Nekocoin) each day.
If your account holds more funds, the daily claiming percentage increases with your account value, up to a maximum of 2.0**%** of the total (Nekocoin + Earned Nekocoin).
Here’s a table showing how the changes in your account value relate to the daily claiming percentage.
User Level | User account value (USD) | Daily claiming percentage | Weekly claiming percentage |
1 | 0 | 0.1% | 0.7% |
2 | 100 | 0.2% | 1.4% |
3 | 1,000 | 0.5% | 3.5% |
4 | 2,000 | 0.7% | 4.9% |
5 | 10,000 | 1.0% | 7.0% |
6 | 100,000 | 2.0% | 14.0% |
How to Increase Claiming Percentage?
Simply increase the value of funds in your account, and the system will automatically adjust your claiming percentage. Once your account value reaches a higher level, the new claiming percentage will be applied starting from the next day.
Your account value takes into account all the assets in your account, including all tokens, funds invested in Earn products, and Nekocoin.
Weekly Calculation of Claimable Nekocoin
Every week, we calculate how much Claimable Nekocoin you’ve accumulated based on your account’s net value over the previous week. Here’s how it works:
Every Monday, we calculate the Claimable Nekocoin earned from the previous Monday to Sunday and update your account.
The calculation is based on:
Your User level at each day
The total Nekocoin and Earned Nekocoin balance each day
The formula for Daily Claimable Nekocoin is:
The Total Neko Amount includes the Nekocoin and Earned Nekocoin in your account at 8 AM daily.
The claiming percentage is determined by your User level.
Calculation Example
Here’s an example of how Claimable Nekocoin accumulates over a week:
| Day | Total Neko Amount* | Claiming Percentage | Daily Claimable Nekocoin |
|---|---|---|---|
Day 1 | 10,000 | 0.5% | 50.0 |
Day 2 | 10,100 | 0.5% | 50.5 |
Day 3 | 10,200 | 1.0% | 102.0 |
Day 4 | 10,200 | 1.0% | 102.0 |
Day 5 | 10,300 | 1.0% | 103.0 |
Day 6 | 10,300 | 1.0% | 103.0 |
Day 7 | 10,400 | 2.0% | 208.0 |
Total | 718.5 |
*Total Neko Amount includes the Nekocoin and Earned Nekocoin.
Weekly Claimable Nekocoin Cap
There is a weekly cap on the total amount of Claimable Nekocoin for all users. If the total Claimable Nekocoin for a week exceeds this cap, your Claimable Nekocoin will be proportionally reduced.
The weekly cap is 25,000,000 (25 million).
If the total Claimable Nekocoin for a week exceeds 25 million, your Claimable Nekocoin will be reduced proportionally. For example, if the total is 30 million, your Claimable Nekocoin will be reduced to 25/30 of the original amount.
Team will adjust the cap base on the NekoDex user number, tvl, etc.
How To Claim Your “Earned Nekocoin" To Portfolio
In NekoDex, go to the Quest tab and check your Claimable amount. Once you see a number under Claimable, you can click Claim buttom to receive the same amount of Nekocoin.
Difference Between Earned Nekocoin and Claimable Nekocoin
What is Earned Nekocoin?
Earned Nekocoin represents the portion of Nekocoin in your account that hasn’t been converted yet. You need to accumulate Claimable Neko to convert it into Nekocoin.
What is Claimable Nekocoin?
Claimable Nekocoin means the amount that can be converted into Nekocoin, and you can claim them by clicking the “Claim” button.
FAQ
When will my Claimable balance update?
Each Monday, the system will automatically update your Claimable Nekocoin.
If I forget or miss a daily check in, will my Claimable balance still update from Passive Claiming?
Yes, your claimable balance will be automatically calculated and updated each Monday - you don’t have to do anything!
Will account value fluctuations affect my claiming percentage for the week?
Yes, we will take a snapshot of your account value in USD daily, this will determine your user level for that day. Fluctuations and market volatility will impact your USD account value and therefore your user level.
I deposited funds, when will my claiming percentage update?
Your claiming percentage is based upon your daily snapshot. If you recently added funds, you should see your percentage update within 1 day. If this still looks abnormal, please leave a message for the team on Discord.
I only buy or earn and hold Nekocoin, can I still boost my User Level?
Absolutely! Your User Level is based on the total net value of all the assets in your account, including Nekocoin!
What happens if I forget to claim my Nekocoin
You can claim your claimable Nekocoin at any time! If you forget this week, you can still claim this balance when you next check Nekodex.
What happens to my Claimable Nekocoin if my Earned Nekocoin is reduced due to account inactivity?
Your Claimable balance is the portion of your Earned balance that can be converted into Nekocoin. If your Earned Nekocoin balance is reduced due to inactivity, your Claimable balance will also be reduced.
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