Are you ready to dive deep into the world of state-of-the-art DeFi and trade your way to incredible rewards? Well, you’re in the right place at the right time, because the Kinetix Volume Mining Campaign begins November 8! This Volume Mining Campaign is Kinetix’s first official on-chain trading competition that will allow traders from within and beyond the Kava ecosystem to earn epic rewards while trading their favorite crypto assets.
Now that the Kinetix DeFi hub has established a robust presence and burgeoning community in the Kava ecosystem, it’s time to begin focusing on on-chain activity, capital, and usership. Kinetix is excited to tackle this forthcoming development alongside users, partners, and other rising DeFi projects and builders on Kava. Now without further ado, fasten your seatbelts–it’s time to dive head first into the Kinetix Volume Mining Campaign!
Campaign Rules and Parameters
Duration: Unlike other campaigns, the Kinetix Volume Mining Campaign has no specific end date. As a result, users will have ample time to engage, trade, and maximize rewards. The campaign will run for a few months at the minimum, and may extend substantially longer. Needless to say, the Kinetix Volume Mining Campaign opens the door for a wide array of unique trading strategies.
Rewards Structure: At the heart of the Kinetix Volume Mining Campaign is a dynamic rewards system that is designed to reward active participation. As the campaign kicks off, volume incentives will start with an allocation of 5,000 KAVA per week. But here’s the exciting part: incentives will ramp up over time! The more trading volume the community generates, the more KAVA rewards will be up for grabs each week.
Eligibility
To ensure fairness and maximize participation, there are a few key eligibility requirements that users should adhere to in order to earn their share of each week’s volume incentives.
Mandatory Registration: To participate in the Volume Mining Campaign, each user must complete a one-time registration in the leaderboard via an on-chain transaction. Kinetix is committed to inclusivity, which is why every eligible participant in this campaign will have a share of the rewards. So, whether you’re a seasoned trader or just starting out, there’s a piece of the pie waiting for you as long as you register!
20-minute Position Holding time: To prevent high-frequency botting and ensure a fair rewards distribution, each user should ensure that the time elapsed between the last “increase position” and “close” or “decrease position” must be at least 20 minutes.
Timely Reward Claims: Each week, rewards will become available for registered users to claim via their eligible addresses. Users will have up to 4 weeks to claim rewards. If a user fails to claim your rewards within this timeframe, the first epoch of rewards will be forfeited. It is important to remain aware of reward availability and claim them within the given period in order to make the most of the campaign.
Case Example: In the event a user fails to claim first-week rewards, those rewards will be forfeited when the campaign enters the fifth week. However, the other four weeks of incentives will remain eligible to be claimed. The lesson: don’t miss out on your well-deserved rewards!
The Kava Edge
The deployment of the Kinetix DeFi hub on the Kava EVM (Ethereum Virtual Machine) has already provided the Kinetix community with a wide range of benefits. Now, the Kava team has gone above and beyond to raise the bar even further. For the duration of the campaign, there will be absolutely zero execution fees for positions and limit orders on the Kinetix Perpetual Exchange. Yes, you read that correctly — zero fees!
The Kinetix community takes pride in delivering an optimized trading experience for all users, and extends gratitude to the Kava team for their generous contribution. With zero fees all day long, users can trade with confidence and peace of mind knowing that their profits won’t be worn down by recurring trading costs.
More to Come
The Kinetix Volume Mining Campaign is just the beginning! Stay tuned for more details and further campaign updates as Kinetix continues to drive the growth of Kava DeFi.
Let’s unleash the power of trading together and take the Kinetix Volume Mining Campaign to new heights! 🚀
Hungry for more on Kinetix? The Kinetix community would love to hear your feedback and offer support while you’re using Kinetix. Join the discussion via the social links below or visit the Kinetix website to find out more.If you are interested in partnering with Kinetix, email: socials@kinetix.finance
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