πŸŒ€ Trading Cycle
Trade & Earn
Trade on Palmswap, earn free tokens. It’s really that easy.
32.75% of the initial token supply (327,500,000 PALM) will be distributed to users who trade on the Palmswap Protocol based on a combination of fees paid and open interest.

Here's how Trading Cycles works:

Step 1
Step 2
Step 3
Choose a market that you would like to trade.
Open a position and increase your trading score.
Track your Trading Rewards in the backoffice.

When will the first Trading Cycle start?

The first Trading Cycle will launch at the same time as Mainnet v1 in April.
Protocol
Total Cycle
Reward (weekly)
Start
Duration
v1
300
201,600 PALM
with mainnet v1
7 days
v2
279
907,200 PALM
with mainnet v2
7 days
The following will happen at the end of Cycle 1:
1. Cycle rewards will be distributed. Rewards can be viewed on Palmswap at "Portfolio".
2. Transfers from PALM will be restricted for the next 7 days after completion of the cycle.
3. PALM can be withdrawn 7 days afterwards under Trading Cycle in the back office.
Is there a waiting period? When can rewards be transferred?
The earned tokens can be transferred after a cycle is finished with a waiting period of 7 days.

Calculation of trading cycles

The following combination of fees paid and the position size determines the PALM rewards.
f0.7xP0.3=βˆ‘w=sf^{0.7}x P^{0.3} = \sum _{w=s}
(TWt)xβˆ‘w=sβ‰ˆReward(\frac{T}{W_t}) x \sum _{w=s} \approx Reward
Title
Definition
​
ff
​
Total fees paid by a trader in a particular Cycle.
​
pp
​
The position size of a trader across all markets in the respective cycle.
​
βˆ‘w=s\sum _{_w=s}
​
The personal trading score
​
tt
​
Total Reward in a particular Cycle
​
wtw_t
​
Total trading score in the respective cycle
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Here's how Trading Cycles works:
Calculation of trading cycles