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Reward Calculation and Distribution

FWX Reward Calculation and Distribution

Airdrop

May 8, 2024

After launching our mainnet about 5 months ago, we’ve hit a big milestone: over 9000 membership NFTs have been created, and our trading volume has surpassed $100 million. We’re grateful for the support and contributions from our community, so we introduced a Rewards Program (Special Round 1) back in March. Snapshot was taken on April 30th and Reward has been credited on the 7th of May. This reward, the “B4FWX” token, is our way of saying thank you to our community.

Here is what you need to know:

  • You can now check your eligibility of B4FWX token on the referral page and it will be available to claim on June, 7 2024 (9.00AM UTC)
  • FWX tokens allocated for users who participated in the previous campaigns will be distributed at TGE. However, your community contribution has been credited in calculating the B4FWX rewards in terms of Community Score. 

About B4FWX

  • B4FWX represents the reward token of the Reward Program only.
  • The amount of B4FWX tokens distributed is equivalent to 1% of FWX token supply.
  • B4FWX will be tradable after June, 7 2024.

Factors and Criteria

The criterias of B4FWX distribution are calculated carefully, taking into account various factors that reflect how much our community has contributed and helped with the growth of the platform. The factors include the followings:

  1. Base Reward
    • Each address participating in the reward program receives the base reward of
      • 10,000 B4FWX, if trading volume > 0
      • 4,000 B4FWX, if trading volume = 0
  2. Trading volume
    • Include 10% of your referee volume as default
    • Additional bonus volume of
      • +20% for users with at least 5 active referees
      • +25% for users with at least 50 active referees
      • +30% for users with at least 250 active referees
  3. Lending and borrowing activities:
    • The amounts of any asset you lent and borrowed
    • Lending and borrowing durations
  4. Performance in Referral System:
    • Your tier and your referrer tier are both counted.
  5. Community Scores:
    • Participation in FWX community campaigns
    • Participation in Advocate Program based on performance

Note

  • The B4FWX will be claimed based on NFT IDs, so if you have multiple NFT IDs, please check separately.
  • The rewards from criteria 1. and 5. will only be credited to the first NFT ID you minted (smallest NFT number).

Terms on Market Exploitations and Token Omission

As some users have used the delay of the oracle prices and stale periods to exploit the price mechanism employed in FWX DEX during the Rewards Program, we reserve the right not to distribute rewards tokens to suspected users who 

  • has win rate of higher than 80% with more than 200 trades
  • has the behavior of price exploitation on FWX DEX

All tokens allocated to the suspected traders will be reallocated back to the community.

Special Round 2

  • Reward Program Round 2 is now open!
  • The half of your volume at Round 1 will be credited to the base volume of Round 2.
  • The reward for Round 2 is 4 times bigger than Round 1.