EMDX Trading Rewards Unveiled: Transforming the Ecosystem with Game-Changing Incentives
Overview
The EMDX Trading Rewards Program is designed to incentivize traders to actively engage with the platform by distributing EMDX tokens based on the total weekly trading volume. The goal is to encourage liquidity, attract traders, and ensure a healthy level of trading activity without overspending tokens when trading volumes are low.
Motivation
The primary objective of the EMDX Trading Rewards Program is to incentivize trading on the EMDX platform. To achieve this goal, the rewards program will:
- Ensure that the rewards distributed are based on a fair and volume-driven model.
- Avoid excessive distribution of rewards when trading volume is low.
- Offer different levels of token rewards based on weekly trading volumes.
Trading Reward Details
Reward Distribution Mechanism
- Each week, a set number of EMDX tokens will be distributed among traders based on the total volume traded on the platform.
- The total rewards distributed will depend on the weekly trading volume achieved across the platform.
- Rewards will be calculated at the end of each week and distributed to traders in proportion to the trading volume they generated relative to the total volume for that week.
Volume-Based Reward Levels
- To ensure a balanced and sustainable token distribution, rewards are based on the total weekly trading volume. Depending on the trading volume, a specific level of rewards will be triggered, with higher volumes leading to larger token distributions.
- If trading volume does not reach a certain level, token distribution will be limited accordingly, preserving the Rewards Treasury.
Here are the five levels of token distribution:
Note: The distribution at each level is capped based on the volume achieved for that week. If the total weekly trading volume falls below the minimum for Level 1, no rewards will be distributed for that week.
Weekly Reward Cap
- A fixed number of EMDX tokens is allocated to the Rewards Treasury on a weekly basis, and only the amount corresponding to the achieved level will be distributed.
- Any unused tokens at the end of the week will be rolled over into the Rewards Treasury for future distributions.
Program Adjustability
Please note that the current conditions of the EMDX Trading Rewards Program will last until September the 30th, date in which the program will be recalibrated based on the protocol’s performance and evolving market conditions. We reserve the right to modify reward levels, distribution amounts, or other parameters to ensure the long-term sustainability and success of the protocol.
FAQ
How is the amount of EMDX tokens distributed determined?
The number of EMDX tokens distributed each week is determined by the total volume of trades executed on the platform. Depending on the total weekly trading volume, one of the five pre-set levels of token distribution will be triggered.
What happens if the total weekly volume is below $100,000?
If the total trading volume for the week is below $100,000, no rewards will be distributed. The tokens allocated for that week will remain in the Rewards Treasury for future distributions.
How are individual rewards calculated?
At the end of each week, the total rewards for the week are distributed proportionally among traders based on their individual trading volume relative to the total volume traded on the platform.
How does this program prevent overspending on rewards?
By using a tiered volume-based rewards system, the program ensures that only a reasonable number of EMDX tokens are distributed when trading volume meets certain thresholds. If trading activity is low, fewer tokens are distributed, preserving the Rewards Treasury.
