✏️Pencils - Pencils Protocol’s Point System

In Web 3.0 industry, community is everything. That’s why we’re excited to introduce Pencils, our innovative community point system designed to reward and celebrate our most valued contributors.

Pencils Protocol is proud of its tech — things like proof of humanity logins and other zk-powered features — that we offer to builders on Scroll. But technology is only half the story behind any Web3 success. Just as important, and maybe more so, is the community that supports the project. Pencils are our playful way to keep track of those who have done the most for the community.

Pencils will be used to help calculate future token allocations as Pencils Protocol nears its launch. Plus, the Pencils holders will receive more favorable allocations from projects launching on Pencils Protocol. Users can also use Pencils to purchase items and exclusive merchandise in the upcoming Pencils Protocol Shop.

Four Benefits of Pencils

Pencil Points will give holders many various privileges, giving community members the ability to:

• Receive more favorable token allocations from projects that launch on Pencils Protocol in the future. Obtain discounted quotas for the Launch project

• Purchase various items, NFTs, and virtual or physical goods through the Pencils Protocol Shop.

• Access to high-leverage positions in Pencils Protocol Vaults

• Priority placements in Pencils Protocol airdrops

How to earn Pencils?

There are a number of ways to earn Pencils:

• Staking: Users can stake Pencils Protocol supported assets to earn Pencil. For every 1000 $USDC equivalent worth of assets staked, users will earn 1 Pencil per-day!

• Marketing: Users can also earn Pencil when they help promote Pencils Protocol by either:

• Participating in future marketing campaigns and activities

• Contributing to the ecosystem as an influencer, ambassador, volunteer, partner, etc.

Some Final Notes

Pencils are more than just a reward system; they are a testament to your dedication and support for the Pencils Protocol community. As a measure of your contributions, Pencils can be used to redeem exclusive goods from the Pencils Protocol shop, participate in Pencils Protocol launch projects with exclusive access at discounted prices, or use higher leverages in Pencils Protocol vaults. They symbolize your status within the Pencils Protocol ecosystem and serve as a badge of honor for those who have gone above and beyond to help us grow.

While Pencils are non-transferable and may be subject to interpretation as we refine the program, we value your feedback and suggestions. Together, we can shape the future of this innovative community points system and ensure that it fairly rewards our most passionate supporters

As Pencils Protocol continues to evolve and redefine the Web3 landscape, Pencils will play a crucial role in identifying and empowering the visionaries who are eager to help us rewrite the future of decentralized finance!