Rewards Type

Token

In the context of blockchain and cryptocurrencies, a token refers to a digital asset or unit of value that is created and managed on a blockchain network. Tokens can represent a wide variety of assets, such as currency, assets, or even voting rights.

Tokens can be created on various blockchain networks, such as Ethereum or Binance Smart Chain, and can be used for various purposes, such as payment for goods and services, fundraising, and governance of decentralized autonomous organizations (DAOs).

Tokens are typically created and managed through smart contracts, which are self-executing codes that run on the blockchain. Smart contracts can be programmed to enforce various rules and conditions around the use and distribution of tokens, such as limiting the total supply of tokens or requiring certain conditions to be met before tokens can be transferred.

There are different types of tokens, including utility tokens, security tokens, and governance tokens. Utility tokens are used to access a specific product or service, such as the use of a decentralized application (dApp) or platform. Security tokens represent ownership or equity in a company, similar to traditional stocks or securities. Governance tokens allow token holders to vote on decisions related to the development and management of a decentralized network or organization.

Overall, token is a fundamental concept in blockchain technology and plays a critical role in enabling decentralized networks and applications.

NFT

Standing for Non-Fungible Token, NFT is a type of digital asset that is unique and not interchangeable with other assets. Unlike cryptocurrencies such as Bitcoin or Ethereum, which are fungible and can be exchanged, each NFT represents a distinct and one-of-a-kind item, such as a piece of digital art, a video game item, or a music album.

NFTs are created with blockchain technology, which provides a secure and decentralized way to verify ownership and authenticity of the asset. Each NFT contains a unique digital signature that serves as the proof of ownership and is stored on a blockchain ledger that is accessible to anyone.

CAP

TaskOn CAP stands for Collaboration Achievement Proof. CAP is the NFT reward to record users’ engagement on TaskOn, minted by TaskOn on BNB Chain, Polygon, and Ontology EVM.

Whitelist

Whitelist refers to an authorized list containing specific users or addresses that are permitted to participate in a particular project, ICO (Initial Coin Offering), NFT (Non-Fungible Token) sale, or other activities. Whitelist helps the project or organization control access and ensure that specific users can engage in the activity.

Points

Points are distributed by the projects and serve as a measurement on the leaderboard. They reflect your loyalty to the project and could be a crucial indicator for the project team to assess your involvement as an active community builder.

EXP

EXP refers to the point system on TaskOn, and users can earn EXP by participating in activities. They can exchange their EXP for more benefits, once they have accumulated a certain amount.

Currently, users need to complete the entire quest or event to receive other rewards like Tokens and NFTs, but the same does not apply to points.

If you see a number with a plus sign “+” , it means that completing that task will earn you the corresponding points.

If you see "(Rewards) Points / Winner" in the quest details, it means that in this case, points are treated like other rewards, and you need to complete the entire quest or event to receive them.

Discord Role

Earning a Discord role reward means that you will have a unique badge of recognition within the project community, potentially granting you special privileges to engage more deeply in community building.