Introducing Anima bid to earn: Turn REPs into ANI tokens

Anima is not just another quest platform—it’s built for real, active users, not bots.

Soon, you will have the chance to transform your REPs into ANI tokens through our innovative weekly Bid-to-Earn system. While you can currently earn REP on the platform, the upcoming Bid-to-Earn feature will add a new layer of excitement and rewards. Let’s break it down.

Why Anima Bid-to-Earn are unique

At Anima, the community shapes the value of REP. Unlike traditional systems where value is dictated by the platform, our weekly Bid-to-Earn system let users decide the worth of their REPs through active participation. Every week, 88,888 ANI tokens are distributed exclusively to real users, ensuring fairness and eliminating bots. This dynamic and transparent system is designed to reward active contributors and create a fairer ecosystem for everyone.

How to bid REPs for ANIs

Step 1: Earn REPs

Start by accumulating REP on the platform, here’s how:

• Complete quests on the platform (dapp.anima.io).

• Refer new users to Anima (learn how here).

• Participate in community campaigns and activities.

Step 2: Place your bid

Each week, use your REPs to bid for ANI tokens.

• Bidding Period: Opens every Monday at 00:00 CET and closes on Sunday between 23:45 and 23:59 CET.

• Submit your bid confidentially to maximize your strategy.

Step 3: Results

• Winners: Receive tokens at the clearing price (the minimum price at which all tokens are distributed for the week).

• Losers: Keep their REPs and earn bonus REPs to increase their chances in the next Bid-to-Earn system.

Determining Bid-to-Earn winners and clearing price

The clearing price is the minimum price at which all 88,888 tokens can be distributed for the week:

1. Bids ranked: All bids are ranked from highest to lowest based on the number of REP offered per token.

2. Token allocation: Starting with the highest bid, tokens are distributed until all 88,888 are allocated.

3. Clearing price set: The price of the last token sets the clearing price. All winning bidders pay this price, no matter their original bid.

Bid-to-Earn basics: A sneak peek

Here’s a sneak peek at some of the rules you’ll need to know for the bid to earn system. Don’t worry, we’ll provide a full guide before the feature goes live:

• One bid per week: You’ll be able to adjust your bid up to three times during the week.

• Token limit: No user can claim more than 26,666 tokens in a single bid to earn system to ensure fairness.

• Unclaimed tokens: Any tokens that aren’t claimed will return to the community treasury for future use.

• Clearing price visibility: The clearing price will only be revealed after the bid to earn ends.

• Tie-Breaker: If multiple users hit the same clearing price, priority will go to the earliest bidder. If you adjust your bid, the time of your last submission will count.

Stay engaged, always win

Whether you win tokens or earn bonus REPs, your effort always pays off. The Anima Bid-to-Earn system rewards active participation and ensures a fair shot at ANI tokens.
Stay tuned and subscribe our newsletter here for the release of this exciting feature, and start building your REPs here now to maximize your rewards when the Bid-to-Earn system go live.