To celebrate the explosive growth of the InvArch community and its Ambassadors, the InvArch team is dedicating 10% of the initial VARCH token supply to fund the InvArch Ambassador Program. These funds come from the “Ecosystem Growth” allocations noted in the InvArch Whitepaper. To start, these 100,000,000 VARCH Tokens will represent a value of $2,500,000 and will be distributed over the course of 12-months.
InvArch has gained exponential interest and support over the past few weeks, with its online Discord community expanding beyond the 1,000 member mark. Its ambassador program had received over 200 applications when the community size was approx. 500 members and before the process was temporarily closed. The early support and organic growth of the InvArch community is something that the project’s founders are immensely grateful for and wish to show their gratitude toward.
If you haven’t already, hop in now: https://discord.gg/invarch
The global community is and will always be the backbone of global change. As such, they are and always will be the backbone of InvArch. The founders view the InvArch Ambassador Program as the perfect tool to help establish token liquidity, reward supporters, and build a network of individuals dedicated to the common cause of supporting the growth of the network.
The VARCH Tokens dedicated to the program will be allocated to its ambassadors for their support and contributions over a 12-month period and will be allocated using a points system. Ambassadors will be able to earn points for their services and contributions. These points will be added to a pool and tokens will be proportionately distributed on a monthly basis. The details and rollout of this system are slated to begin starting on October 11, 2021. The first distribution is projected for November 28th, 2021, and the final distribution is projected for October 28th, 2022.
Applications for the InvArch Ambassador Program were closed temporarily while the team waited for the community to expand to larger numbers. This didn’t take long at all🚀 With the community size reaching over a thousand supporters from around the globe, it’s time to start accepting applications again! The InvArch Ambassador Program application process will open back up and resume starting October 8th, 2021 at 8 PM EDT! 🥳
InvArch is an intellectual property & decentralized development network for web 3.0. Coming to the Polkadot ecosystem, built with ❤️ using Substrate. Learn more by visiting https://invarch.io/ 💡