Frequently asked questions
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- What is $DBL and the purpose of the Reward Allocator contract?
- $DBL is an ERC20 token used as a reward for holders of Pirate Ape and Sea Mutant NFTs. The Reward Allocator contract distributes $DBL tokens to NFT holders. The contract is designed to allocate rewards daily, with different rates for various NFT types and rarities.
- How do I earn $DBL with my Pirate Ape or Sea Mutant NFT?
- Rewards accrue daily based on your NFT type and rarity: Standard Pirate Ape earns 8 $DBL per day, Rare Pirate Ape 8.8 $DBL, Standard Sea Mutant 10 $DBL, Rare Sea Mutant 11 $DBL, and Legendary tokens 15 $DBL per day. Simply hold your NFTs, and you can claim these accumulated rewards based on the time elapsed since your last claim.
- Can I claim $DBL tokens anytime?
- Claims are possible when enabled by the contract owner. To claim your $DBL tokens, you need a valid signature from the designated signer which means it must be through this site. There's a daily limit of 10,000 $DBL per NFT.
- How are the rewards calculated for my NFTs?
- Rewards are calculated by multiplying the daily rate by the number of days since your last claim, up to the daily limit. For example, if you hold a rare Sea Mutant NFT, and it has been 15 days since your last claim, your rewards would be calculated as 11 $DBL x 15 days, capped at 10,000 $DBL.
- What happens if I sell my NFT?
- The contract doesn't directly handle NFT ownership changes. It calculates rewards based on the time since the last claim for each token ID. New owners can claim rewards that have accumulated since the last claim for that specific NFT.
- Why do I need to use a signer's approval for claiming rewards instead of claiming directly through the contract?
- The contract requires a valid signature to process claims. This security measure ensures that only authorized claims are processed. The signer's address is set by the contract owner and is crucial for maintaining the integrity and security of the rewards distribution.
- What measures are in place to ensure contract security?
- The contract includes several security features: ownership control using OpenZeppelin's Ownable contract, signature verification for claims, daily claim limits per NFT, ability to enable/disable claims, and an updatable signer address.
- How long will the reward distribution last?
- The contract doesn't specify an end date for reward distribution. It's designed to continue as long as it's funded and enabled by the contract owner.