Updated: March 19th, 2019
SO, WHAT EXACTLY IS A ROX?
One of our major goals here at Token Block Friends is to break down the barriers into blockchain and therefore cryptocurrency — That is, to enable users to be more involved and connected to the value propositions, and to make cryptocurrency a viable reality for everyone.
The main idea behind ROX is that as users aid the Quarry community in discovery and as they spread valuable information, the more rewards there are to be obtained. As information is digested and contextualized, a Proof of Quarry (name in progress) is created for contributing to the Quarry neighborhood. All participants are then rewarded depending on the community perceived value of the effort.
The operational incentive pool is set at 30,000 ROX daily, and is rewarded via the screening of premium content.
Each user is given a 100 point praise quota that refreshes periodically throughout the day (roughly every 4 hours). Each post or article up-vote will cost 10 points of praise, effectively limiting all praise to 10x per day per user.
REWARDS from up-voting
Users can get ROX rewards every day by up-voting posts and articles (not commenting or up-voting comments). At specific points throughout the day, up-votes will be settled, and the incentive pool will be divided up among all participants.
The amount allocated to each user depends on:
- The articles up-voted, specifically the total number of up-votes each article received for the time period of the day;
- The timing in which an article is up-voted determines placement when rewards are divvied out;
- Personal stakes.
Posting in Quarry is related to up-votes and ensures that you get the first one netting you the largest possible ROX reward. To post an article, simply tap on the (+) button and input a unique article link into the field. If the link is valid, it will appear in the preview window.
Each post requires at least 10 points left in your Quota and acts as the initial up-vote on your article.
Please note: You will not be regarded as the initial up-vote forever, you will need to nurture and return to your posts in order to continue receiving rewards for them after a certain point.
For posting & commenting rules and guidelines, please see our blog about posting etiquette here.
Share your invite link with a friend and have them install the app! You will both receive 300 ROX (300 + 300 = 600) from your own personal 20,000 ROX reward pool when they log into Quarry.
In the past, there was a withdraw system based on in-app contributions (i.e. in-app activity that was beneficial to the Quarry community). We are in the process of updating the app with new and exciting ways to redeem your ROX, so stay tuned!
If and when Quarry’s daily active users (DAU) exceed 100,000: We will issue ROX to be a traded token on exchanges.
At the same time, ROX will become completely transferable, and each holder will be permitted to send and receive ROX as appropriate.
TERMS & CONDITIONS
Quarry free token bonus offer valid for existing qualifying users who successfully refer a new Quarry account. Bonuses will be credited only if the referred Quarry account is approved and the bonus is claimed through the Quarry platform. Limit one offer per qualified referral with a maximum of one account per referred client. Token bonus will be credited to the enrolled account within approximately one week after the bonus is claimed. Token bonuses that are not claimed within 60 days may expire.
Quarry reserves the right to change the offer terms or terminate the offer at any time without notice. The offer is limited to one per account, with no more than one account enrolled per customer. Employees, contractors, or persons similarly associated with Quarry or a Quarry affiliate; members of their household; and employees of any securities regulatory organization or exchange are not eligible. Quarry may decline requests to enroll in the offer at its discretion. Other restrictions may apply.
Neither receipt of a token through this program nor identification of a particular security in communications related to this program constitutes a solicitation of the security or a recommendation to buy, sell, or hold the security. Quarry does not provide investment advice and does not hereby recommend any security or transaction.
Consult with your tax advisor about the appropriate tax treatment for this offer and any tax implications associated with receipt of a token bonus before enrolling. For taxable accounts, the value of all Quarry offers received may be reported as Other Income on a Form 1099-MISC where required by applicable rules and regulations. Quarry does not take responsibility for any tax related to this token bonus.