INS.EVM Docs
  • README
  • 👣Exodus from Egypt
    • Passover
    • INSC+
    • Refund
    • Compensation
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  • Background
  • Compensation plan
  • How is INSC+ distributed to users who have filed a claim?
  • The compensation rules for users who did not receive INSC+
  1. Exodus from Egypt

Compensation

PreviousRefund

Last updated 1 year ago

Background

In the process of advancing the INSC+ inscribe project, we have noticed a large number of inactive users who seem to have lost interest in INS.EVM. Consequently, we have implemented a claim application program. We encourage users to actively submit their claims. For those who do not initiate a claim, we will not offer compensation. This measure is designed to ensure that only users who genuinely care and participate can receive appropriate compensation.

Compensation plan

In our compensation plan, only users who submit an application and meet the eligibility criteria will receive corresponding compensation. First, we will review whether users qualify for INSC+. For those who do, we will compensate them with INSC+ as per our policy. As for users who do not meet the criteria, they will be handled according to our original plan.

How is INSC+ distributed to users who have filed a claim?

For users familiar with our refund policy, the following image will surely be recognizable. Due to the small number of users who opted for a refund, the qualification for INSC+ inscribing naturally passed to Category C users. However, many of these C users have since forgotten about INS.EVM. In light of this, we've decided to adopt a new strategy: we will skip the hacker phase and directly award the inscribing qualification to Category D users, or even those in subsequent categories.

Note⚠️: Only when the TokenId purchased by a Category D user has not yet been inscribed, are they eligible to receive INSC+. If the TokenId associated with a Category D user has already been inscribed, they will not be eligible to receive any other uninscribed INSC+.

The compensation rules for users who did not receive INSC+

We will conduct a detailed data organization for all users who have submitted a claim application but did not receive INSC+. Upon completing this step, we will implement compensation measures for these users according to the plan originally formulated.

We will issue you a debt token, Debt-ETH, at a 1:1 ratio with ETH, which we promise to rigidly redeem in the future. If you lack confidence in us, you can sell Debt-ETH to users who are willing to trust us. In the future, we will also add more value to Debt-ETH probably.

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