DOWNBAD

Downbad was created by the Algorand community for the Algorand community. When airdrop services were shutting down, we quickly spun up soft staking services and onboarded 20 projects.

We received 0 funding to build Downbad and it is not owned by a single entity. It is completely free for projects to use. There is a 0.5A staking fee which helps to cover costs of running the platform. If a user stakes in bulk they will be charged 0.5A. Without this fee it would be impossible to run the platform and pay for server costs.

Smart contracts are used for holding the pool reward tokens. These contracts have not been audited so at this time we are only supporting tokens with clawback. In the unlikely event of a hack these tokens could be clawed back by the token manager.

Rewards are tied to assets. This means that if you sell the asset the new owner can claim any unclaimed rewards.

It is the pool owners responsibility to maintain the rewards balance in the escrow account. It might be possible that holders have unclaimed tokens but the rewards pool is empty. It is not the responsibility of the platform to ensure these rewards are fulfilled. In the event of this happening please contact the NFT creator who owns the pool.

Downbad or its team does not assume any responsibility or liability for your use of Downbad. Use at your own risk.