Neon EVM Unveils New Loyalty Points Program

Points are reward tokens earned through activities such as staking, trading, or participating in governance.

Neon EVM, an Ethereum Virtual Machine (EVM) platform built on Solana, is the latest web3 project to get in on the points craze.

On Aug. 14, Neon announced a new loyalty points program to incentivize adoption, with users receiving points for every on-chain interaction within the Neon ecosystem. The program also aims to reward long-time supporters, with more than 60 million points set for distribution in total, including to early adopters, NFT holders, and key partners.

New users can qualify for points by bridging assets, playing games, minting NFTs, and executing other smart contract interactions within the Neon ecosystem.

“We are thrilled to introduce the Neon EVM Points Program as a cornerstone of our community engagement strategy,” said Yuriy Yurchenko, Chief Product Officer at Neon EVM. “This program not only recognizes the contributions of our community members but also aligns with our vision of building a dynamic and interconnected blockchain ecosystem.”

Higher-value transactions and early adoption will increase the chances of earning more points, according to a release shared with The Defiant.

Neon previously launched a points program in December 2022, but the campaign was limited to rewarding users for community activities like creating content, engaging in social media, and participating in forums.

Neon Stack adoption surges

The new points program comes as the Neon Stack is attracting increasing adoption within the Ethereum and Solana ecosystems. The Neon Tech Stack allows developers to migrate Ethereum-compatible dApps onto Solana and vice versa.

In July, Eclipse, an Ethereum Layer 2 (L2) network, began using the Neon Stack to facilitate compatibility between Ethereum and Solana. Eclipse employs Solana’s Virtual Machine (SVM) for transactions, Celestia for data availability, and RISC Zero for zero-knowledge fraud proofs.

That same month, Sonic, a gaming-focused Solana L2, partnered with Neon to introduce EVM-compatibility to its Sonic Virtual Machine (SVM). The move allows EVM developers to port their code on Sonic.

Also in July, Yona Network, a Bitcoin Layer 2 network, integrated Neon Stack, allowing developers to deploy dApps built for both the EVM and its existing Solana Virtual Machine on Yona.