By rewarding users for finishing specific activities, a reward token motivates users. The most prevalent instance of this kind of behavior is HODL, in which users receive rewards for merely holding coins. For each transaction, a charge calculated as a proportion of the transferred tokens is collected.
The prizes are then given out to current holders using the tokens that have been collected. You can get the rewards with your token or a well-known cryptocurrency like BUSD or DOGE.
Other links:
- https://www.thetodayguide.com/wp-content/uploads/2022/06/CertsFire-NetApp-NS0-162-Exam-Questions.pdf
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