Introducing nftperp v2 Alpha: Elevating NFT Perps Trading with Superior UX and Exclusive Incentive Programs

Introducing nftperp v2 Alpha

nftperp is proud to unveil nftperp v2 Alpha, a transformative upgrade to our pioneering NFT perpetual futures trading platform. This release marks an evolution in response to the dynamic needs of our community and the broader NFT Finance & DeFi ecosystem and signifies the inception of a new era in real-money trading environments, moving beyond paper trading.

Why v2?

The inception of v2 stems from the overwhelming success of v1. As the first perpetual futures protocol for NFTs, we generated over $600 million in trading volume and attracted more than 2,500 unique traders during Private Beta. nftperp v2 offers a more robust and scalable infrastructure, heightened security measures, and an enhanced user experience, all while building on the solid foundation laid by v1’s innovation.

What’s new in v2?

nftperp v2 introduces a hybrid protocol featuring a Fusion AMM which combines a decentralized limit orderbook (DLOB) and a CLAMM (Concentrated Liquidity AMM). Central to this upgrade is our advanced Matching Engine, ensuring optimal order execution and enhanced price discovery for traders. Key upgrades include:

• Improved Price Discovery and Execution: The Fusion AMM enables precise trading, allowing traders to execute strategies effectively.
• Concentrated Liquidity: A highly capital-efficient infrastructure for CLAMM liquidity providers, allowing custom ranges of liquidity provision.
• Enhanced Oracle System: A robust in-house oracle mechanism for reliable, market-reflective pricing of NFT collections.
• Robust Insurance Fund: A restructured fund providing an extra security layer against systemic risks.
• Scalability & Longevity: Engineered for scalability, ensuring performance and security even with a surge in user activity.
• Revamped User Interface: An even more refined and user-friendly trading experience.

Alpha Incentives Program: Refer and Earn Exclusive Rewards

Coinciding with the launch of nftperp v2, we are also introducing the Alpha Incentives Program, designed to accelerate platform growth and reward our community. This program offers invite-only access to nftperp v2 Alpha, allowing participants to play a crucial role in shaping the future of NFT trading.

Eligibility and Staged Participation

In alignment with our commitment to community and innovation, we’ve identified members who actively participated in v1, engaged in v2 paper trading, or held Mafia Nut NFTs at our snapshot as pre-qualified for early access. Reflecting our strategic approach to growth and scalability, access will not be universally granted in a single phase. Instead, we’re adopting a phased rollout, prioritizing members based on trading volume and other strategic considerations.

• Whitelist phase 1: A privileged cohort has already been welcomed into early access, comprising the top 50 v1 users by trading volume, individuals who have staked Mafia Nuts, those holding more than 5 Mafia Nuts, victors of the v2 paper trading competition (top 3 weekly), acknowledged v2 UI testers from our Discord community, and active participants in the recent Discord AMA.
• Whitelist phase 2: Today we are happy to announce that anyone who has: >50 ETH of trading volume on v1, holding more than 5,000 $VNFTP, holding > 2 Mafia Nut NFTs, OR was profitable in v2 paper trading HAS BEEN WHITELISTED.

Looking forward, we plan to extend access to additional members in subsequent phases, to ensure a balanced and strategic onboarding process. Once access is granted, members can claim their referral codes following their inaugural trade on the platform. These codes serve as a gateway for inviting peers to the alpha — catalyzing community growth and enabling participants to accrue rewards through a comprehensive points system.

Dynamic Trading Incentives: A Quick Overview

The Alpha Incentives Program is strategically designed to cultivate a solid and active trading community, rewarding participants through a structured rewards system. Here’s a succinct overview of how you can participate and reap benefits:

Whitelist & Invitation Process:

• Whitelist Access: Automatically granted to users involved based on eligibility outlined above.
• Invitation Through Referral: Not on the whitelist? Gain access through a referral code from an existing member.
• Claiming Invite Codes: Complete one trade on nftperp v2 to claim 5 invite codes, inviting friends to join the alpha and earn referral rewards.

Trading Incentives:

• Reward Mechanism: Earn rewards through token emissions, with a weekly distribution of 500K $VNFTP tokens.
• Boosts for Increased Earnings: Get a 10% increase for using a referral code and another 10% for staking a Mafia Nut.
• Leaderboard System: Initial focus on trading volume, with future expansions to reward various activities.
• Reward Distribution: Rewards are allocated based on each participant’s proportional trading volume.

Referral Incentives:

• Earning Through Referrals: Your referrals’ total trading volume boosts your leaderboard rank, with a separate emission of 50K $VNFTP tokens per epoch for referral activities.
• Weekly Epochs: Rewards for trading and referrals are calculated weekly, offering continuous opportunities to earn.

A more complete walkthrough of incentives can be found in the incentives section of our documentation.

Conclusion: Next steps

With nftperp v2 and the Alpha Incentives Program, we’re not just upgrading our technology but redefining the NFT trading experience. Our commitment to innovation, security, and community engagement positions nftperp as the go-to platform for NFT perpetual futures trading. Join us in this exciting new chapter and experience the future of NFT trading firsthand.

For more details and to participate in the Alpha Incentives Program, visit our website or join our Discord to gain access.

Together, let’s embark on this journey in NFT trading.