NOTE: Apple does not sponsor the contest of Geoclaiming.
If you were curious about the purple flag at the bottom of your screen, this article is for you!
In version 2.0.0 of iOS and 1.5 on Android, users are now able to Geoclaim up to a 25x25 mile tile by chipping in COIN tokens.
When you Geoclaim a tile, you are becoming an owner of the tile for the remainder of the campaign(Currently UTC Monday to UTC Sunday). Anyone that Geomines using the COIN app in your area will give you a chance, based on your Ownership percentage, to collect 10% of rewards. You will see this 10% collection below the purple flag on the home screen. Please keep in mind that you are not collecting an additional 10% from your OWN mining, just other users.
How to Geoclaim your Area
Tap on the Purple Flag to get started. You will be brought to the Geoclaim Screen with your own predefined area, with size and cost determined for each campaign.
To Geoclaim this tile, tap the +100 COIN(please note this number can change weekly) button in the bottom right corner. This will take 100 COIN from your total in the app and give you a percentage of the area. Note that the COIN you spend to Geoclaim will not be refunded to your total.
After you spend your 100 COIN, you will now be an official owner of this area! See your rank of where you stand in the purple Rank section. You will also notice a percentage of this tile you own. This shows how likely you are to collect the 10% of what is mined in your freshly claimed tile. You can increase this percentage by adding additional COIN.
Please note that the 3302.98 number you see in the bottom right of the map on the Geoclaim screen is not the total amount of COIN that is invested in the area, but rather the total amount of rewards that have been geomined in the area.
When another user is Geomining in your area, you can collect 10% of their geomining rewards.
If there are multiple Owners of one single Geoclaimed Area, each 10% of rewards will be distributed to one of the Owners based on percent owned.
An Owner with 100% ownership of a Geoclaimed Area will receive the 10% of rewards every time.
An Owner with 50% ownership of a Geoclaimed Area will receive the 10% of rewards half of the time.
An Owner with 25% ownership will receive the 10% of a miners reward a quarter of the time.
The percentage of what you own in a Geoclaimed Area is dependant on how much COIN you have invested in the Area in relation to the total amount added to the area. You can see how much COIN has been earned by all of the Owners of an area to the right of the number of current Owners.
New release: COIN Plus/Pro subscribers will NOT give away 10% of their mining rewards to the Geoclaim Owner of a Geoclaimed area. This 10% will be paid out by the system. As well as any COIN Pro subscriber will earn double the original 10% from their Geoclaimed area, this is also paid out by the system.
The total of rewards you earned from Geoclaiming an Area will be Geodropped to you at the end of the campaign period.
You do not have to be in the same area you Geoclaimed in order to receive its rewards.
How long does a Geoclaimed Area remain Mine?
Geoclaims run in Campaigns. Any campaign, in this case, will last from UTC Monday-Sunday of every week. Once Monday arrives, any user can be the first to reclaim the Area. Keep in mind there is no limit to how many users can own a single Area, as well as there is no limit to how many areas a user may own.
A User is only able to Geoclaim the area they are currently standing in.
New feature: You can now view your history of Geoclaiming, Geodropping, and Geomining here: my.coinapp.co
Rules in short:
1) Geoclaiming campaigns run from Monday-Sunday (UTC).
2) Geoclaim area sizes and spend minimums can change each campaign.
3) Geoclaim areas are owned pro-rata by the users that spend COIN in them.
4) Ownership of geoclaim areas resets at the beginning of each campaign.
5) Each time a user geomines in a geoclaimed area, 10% of their rewards go
to one of the owners (randomly chosen based on their ownership
6) COIN spent to geoclaim is not returned at the end of the campaign.
7) All rewards received from geoclaiming are sent to users in geodrops within 24 hours of the campaign's end.
8) Users with premium accounts have additional features in the geoclaiming contest that improve their ability to play the game
9) There is a maximum of 50 areas you may Geoclaim per campaign and a maximum of 500 Geoclaims per area per campaign(subject to change).
Have fun and tell us where you have Geoclaimed on Facebook and Instagram!