I'm just gonna leave a quote here from the Webnovel Writers discord server.
"Hello dear writers, if your novel is in top 350 of power ranking, and if you would like to work with Webnovel, you could fill in this form to apply for a contract over your novel: https://forms.gle/DffkPpvWeqU41UjC9
You could also look at this for reference with regards to signing:
https://docs.google.com/document/d/17BiltZicKEOhbLSS6utEd6kahv7_-0QI2dBky5x0R-g/edit?usp=sharing
Have a good day/night!"
Alliosis just get at least a million views with at least a thousand collections... you'll get offered a contract 100 percent... about the pay... they have that on the site... let me check...
Alliosis Minimum Guarantee System
Here comes the new Contracted Works Minimum Guarantee System!
We will ensure that every royalty-contracted work that goes Premium in the first four months will receive at least US$200/month if the revenue you earn is less than US$200/month. But in this case, the author needs to release at least 40,000 words (premium chapters) every month. So in the first four months, your contracted works can earn US$800 to US$1600.
Note:
40,000 – 59,999 premium words: US$200/month
60,000 – 79,999 premium words: US$300/month
Over 80,000 premium words: US$400/month
Requirements:
Contracted works; Going premium; The first four months.
Apart from creating new works on Webnovel, we also welcome authors to post their past works on the Webnovel platform! More people will notice and enjoy your works here!
Authors with excellent completed works will be given priority for contracts.
Fellow Daoists, let's get it!
Alliosis you only get "A CUT" on purchased SS... free ones don't count... gl and dream big
Immovable087 Thank you! This is very helpful!
Alliosis Is there anything I need to take into account if I want to apply for a contract? For instance, the reviews that I get and it's popularity in the power ranking.
It seems chances are higher if your book is completed. It also needs to be well written and with enough views and collection adds to entice. More collection adds the better.
I got a contract without ranking into the 2K powerstone votes with my book. If the read interest is solid, it's in a for a shot.
Alliosis I think the most important criteria to be offered a contract is quality of the work itself. For example, there's this one story that I've been following since it was first posted. Last week, the story's gift function became available. So I could only assume that it got contracted. The author's update is super unstable. There was a time that she only posted two updates a month. But despite that, she has loyal readers (including me lol). During the time that her updates were slow and all over the place, she never go below top 300 in the power rankings. Her novel probably got contracted around chapter 30 something. Now, her updates became more stable. She actually promised us readers 3chaps a week. And we're already super happy at that because we already experienced the two updates a month. 3chaps a week is a super upgrade. 
I guess because she got contracted, she finally felt a bit responsible. LOL.
Her writing quality is really good. That's why I think she got contracted. So sometimes it's not really about the quantity of the chaps you release. If you post two chaps a day but the quality is not that good, then it probably won't go anywhere. Quality is always better than quantity. As a reader, that's more important for me. 
Good luck with your writing, author-san!
Alliosis It's NoGift. Here's the link if you want to check it out; https://m.webnovel.com/book/11653172006457405 
I think it's okay to have slow updates. As long as you gather enough loyal readers, they won't drop your novel. 
Sighgray do every contract novel get gift?
ThyUnknownSaint I think so. I mean, every contracted original novels I know has a gift function.
I'm going to add this to the Welcome New Writer thread. A lot of useful information has come out of this discussion that might help with another newcomer's question on this matter.
ThyUnknownSaint Yes c:
ThyUnknownSaint Yes c:
Immovable087 Damn, I don't think I can go 40,000 words in one month. Some of my chapters ranges only 700-1200. They sent me a message 4 days ago for the contract and the outline is due today. However, I don't have some of the requirements that were needed for the contract, I don't have a bank account. Sadly for me. Better luck next time, then. Sigh.
Furthermore, I still don't understand some the thongs that were written on the contract so I'm kinda scared.
If you're a contracted author please enlighten me.
SEVEN i'm not but i have friends who are. webnovel is strict with their terms, just have to do what they say and you'll be fine. if not, then you won't see any author accepting a contract in here. you can accept the contract if you are strapped in money and you needed it that badly. but if i were you, since you write good and webnovel's offer of a contract affirms that fact, then just create a patreon account for your readers where they can donate money to support you and show how much they appreciate your work. later on, if you finish the novel or even if you do it in parts, you can sell the book in amazon. i think it's more profitable that way as an author in the long run. because once you accept webnovel's contract, you lose the copyright of your own work. meaning, you can't sell and post it anywhere else. they can even make a movie out of your own work and you get nada income on the project. a creator only in name and no other. but the choice is up to you in the end. glhf writing! <3
Immovable087 I read the contract carefully I'm ready to sign but my problem is I don't have a credit card or something to receive the money hahaha. Thanks for the info tho :">
