Retroactive rewards
We offer retroactive rewards for Dradex's early adopters based on the below criteria. We will distribute 6% of total supply to early adopters, of which 3% will be distributed based on traded volume and the other 3% will be distributed based on liquidity provision. All the traded volume and liquidity provisions before our token releases will be counted. Moreover, your referral volume and liquidity provision are also eligible for retroactive rewards (25% counted).
The details of the benefits of each tier will be finalized and announced later.
Category | Retro Rewards Description | Requirements | Tier 1 |
Elegible Traded Volume (referrals 25% counted ) | Traded $100 - $10K | Traded $100 | 5 |
ο»Ώ | Traded $10K - $100K | Traded $10K | 4 |
ο»Ώ | Traded $100K - $1M | Traded $100K | 3 |
ο»Ώ | Traded $1M - $10M | Traded $1M | 2 |
ο»Ώ | Traded $10M+ | Traded $10M | 1 |
ο»Ώ | ο»Ώ | ο»Ώ | ο»Ώ |
Elegible Accumulated Daily Liquidity Provision (referrals 25% counted) | Put $100 - $1K | Put $100 | 6 |
ο»Ώ | Put $1K - $10K | Put $1K | 5 |
ο»Ώ | Put $10K - $100K | Put $10K | 4 |
ο»Ώ | Put $100K - $1M | Put $100k | 3 |
ο»Ώ | Put $1M - $10M | Put $1M | 2 |
ο»Ώ | Put $10M+ | Put $10M | 1 |
For example, our token will be released on 2023-01-01. Before 2023-01-01, Alex traded total $10k volume, Alex deposited 50$ and 100$ liquidity to SOL/USDC pool on 2022-10-01 and 2022-12-01 respectively. Alex refers John to Dradex. And before 2023-01-01, John trades $20k volume, and put $200 liquidity to GMT/USDC pool on 2022-11-01.
Alex's elegible traded volume:
10,000 + 25% * 20,000 = 15,000
So Alex received tier 4 for volume retroactive rewards
Alex's elegible accumulated daily liquidity provision:
50 * (2023/01/01 - 2022/10/01) + 100* (2023-01-01 - 2022-12-01) + 25% 100 (2023/01/01 - 2022/11/01)
= 50 * 93 +100*32 + 25% * 200 * 62
= 10950
So Alex received tier 4 for liquidity provision retroactive rewards
As you can see, we accumulated daily liquidity provision, so it means that if with the same amount, if you put as early as possible, your eligible accumulated daily liquidity will be much higher.
