🌀 Trading Cycle
Trade & Earn
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Trade on Palmswap, earn free tokens. It’s really that easy.
28.9%
of the initial token supply (289,000,000 PALM
) will be distributed to users who trade on the Palmswap Protocol based on a combination of fees paid and open interest.
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. |
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 PALM can be withdrawn 7 days afterwards under Trading Cycle in the back office.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.
The following combination of fees paid and the position size determines the PALM rewards.
Title | Definition |
---|---|
| Total fees paid by a trader in a particular Cycle. |
| The position size of a trader across all markets in the respective cycle. |
| The personal trading score |
| Total Reward in a particular Cycle |
| Total trading score in the respective cycle |
Last modified 4mo ago