Rewards Program

Description of the Program

For the duration of the Closed Mainnet, we are introducing a rewards program available to all users. Every weekly epoch, rewards will be distributed to all users based on the following logic:

$$\text{User's Reward} = \frac {(\text{L7D Volume} + \text{L7D Referred Volume})} {\sum \text{for all users}(\text{L7D Volume} + \text{L7D Referred Volume})} \cdot \text{Weekly Rewards Pool}$$

where:

1. L7D stands for Last 7 Days.

2. A user's Last 7 Days Volume and Last 7 Days Referred Volume are aggregated across all sub-accounts associated with the same L1 wallet.

3. Weekly Rewards Pool = max($1000, min(Reward Rate * L7D Total Traded Volume,$5000)).

4. Reward Rate is initially set at 0.05%, but we may reconsider it from epoch to epoch.

5. Total Traded Volume calculations do not include the 'Taker' and 'Maker' volumes contributed by participants of the Market Makers Program.

See details on how to get and share invite codes to boost your referred volume here.

Other Considerations

The Rewards Program will launch on Tuesday, September 3rd. The first epoch will run from Tuesday, September 3rd at 00:00 UTC to Tuesday, September 10th at 00:00 UTC. Subsequent weekly epochs will run continuously until the Open Mainnet Launch.

Rewards will be automatically credited to users' X10 accounts at 00:00 UTC on the day following the end of the weekly epoch.

Participants in the Market Makers Program are not eligible for the Rewards Program. This ensures distinct benefits and incentives for different types of engagement on our exchange.

Any accounts suspected of exploiting the program or farming rewards will be banished from the Rewards Program.

X10 reserves the right to amend the terms of the rewards program.