Points Rules

How to earn points?

Users can participate in the following activities to earn points. All tasks can be repeated multiple times without any limit on frequency or quantity—the more you participate, the more points you earn.

  1. Swap

    Users can earn points by swapping through 10K Dex - Trade - Swap.

    Formula: 10% of the transaction volume (USD).

    Example: If Alice swaps ETH worth 1000U on 10K Dex, she will earn 1000 X 10% = 100 points after the transaction is completed.

  2. Long/Short

    Users will earn points through Long/Short trading on 10K Dex - Trade - Long/Short.

    Formula: 10% of the opening volume (USD).

    Example: If Alice opens a position with any token worth 100U at a 50x leverage for a Long/Short contract on 10K Dex, she will earn 100 X 50 X 10% = 500 points after placing the order.

  3. Add Liquidity

    Users will earn a certain proportion of points daily after purchasing KLP to add liquidity through 10K Dex - Earn.

    Formula: Value of KLP held (USD) X DRP X Time (Days).

    Example: If Alice purchases KLP worth 100U on 10K Dex, and assuming her DRP (daily return) is 50%, she will earn 100 X 0.5 = 50 points every day during the holding period.

    DRP: To motivate users to participate in our program earlier, we have set different DRPs according to the different times of user participation:

Hold KLP within two weeks
Hold KLP after two weeks
Hold KLP after one month
Hold KLP after two months
Hold KLP after three months

Joined within one week of the Ignition Phase

50%

50%

50%

50%

50%

Joined within the first month of the Ignition Phase

30%

40%

50%

50%

50%

Joined after one month of the Ignition Phase

10%

20%

30%

40%

50%

To ensure that later participants also have the opportunity to enjoy the highest yield, we have also designed a growth curve that allows all users to reach a maximum daily return of 50%, with the DRP capping at 50%.

Note: When multiple LP additions are made, we will calculate the yield for each transaction separately. If the account balance decreases, we will calculate the yield based on the time of the last addition.

Example:

- Alice buys 100U of KLP in the first week of launch, with a daily return of 100 X 50% = 50 points;
- Two weeks after the launch, Alice buys another 100U of KLP, making her daily earnings 100 X 50% + 100 X 30% = 80 points;
- If Alice immediately sells KLP worth 50U, her yield will then be calculated based on the time of the last purchase, which is 150 X 30% = 45 points; this will continue until she holds for another 2 weeks, and the Daily Return Percentage (DRP) goes back to 50%.

4. XP Exchange

We will offer users who have already completed tasks and earned XP before the points system was launched (up to the point of launch) a higher ratio for converting their XP into points.

Formula: XP X 100%.

Example: If Alice has previously earned 2000 XP from completing tasks, she will receive 2000 X 100% = 2000 points.

However, to ensure the security and transparency of the points data, the first phase of the activity will not include tasks that involve community interaction. Points will be awarded solely based on actual product usage by users.

What Can Points Do?

Points are an important incentive tool used to reward users for their participation and contributions. They represent the level of contribution a user has made to our platform and can enhance interaction and engagement among community members as well as a sense of belonging to the project. Through points, we are able to establish a better trust relationship with community users and promote the healthy development of the community.

  1. Free Mint of NFTs issued by 10K Dex;

  2. Enjoy transaction fee discounts based on different levels of NFTs;

  3. Can be used to participate in various games and interactions that will be opened in the future;

  4. 10K will regard points as a value of contribution to the project; in future major events, the higher the points, the greater the incentives received.

Points Management Rules

  1. Points cannot be traded, transferred, or destroyed;

  2. Points will be retained to two decimal places. Also, if the points calculated from a task are less than 0.01, they will not be counted.

  3. Points do not have an expiration date; we will continue to record points and later issue various incentives based on the user's accumulated points and NFT level.

  4. Points are distributed based on the interaction records between the user's on-chain address and the contract, so there is no need to worry about the security and transparency of the points;

  5. We will collect data and feedback during the Ignition Phase to optimize our algorithms and products.

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