IDEX Rewards — Get Paid to Trade
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The team here at IDEX is excited to announce the release of our API as well as provide more information about the IDEX market making rewards program!
***Update: both IDEX and IDXM are available to trade today!
IDEX Rewards and How to Earn Them
To jumpstart the growth of IDEX, we’ve created a rewards program that grants the IDEX utility token, IDEX, to market takers/makers who trade on IDEX (50% goes to takers; 50% goes to makers). These rewards are distributed proportionally based on the USD value of filled limit orders at the time of execution (orders must be filled to qualify).
20% of the total 1 billion IDEX tokens(200 million) will be dedicated to this program. Each month, one percent of the remaining rewards tokens will be distributed to market makers, i.e. 2M are available during the first month, 1.98M the second month, etc. Tokens are paid at the end of each rewards period by user request.
To earn rewards simply place limit orders and have them filled. There is no special signup, and every wallet that has their orders filled is automatically enrolled in the program.
Building a Community Through IDEXRewards
The IDEX rewards program will help jumpstart a community of traders who all share in the success of the network. Traders get paid in the network utility token of IDEX, and the more liquidity they provide the more they benefit. There is a fixed and diminishing number of IDEX tokens available each month, encouraging traders to commit to the platform early on. Additionally, the program works with our IDXM (previously “DVIP”) memberships, allowing traders to earn up to 2x the IDEX rewards per period and rewarding members who contribute to the development of the platform (note: traders must choose between free trades, 2x rewards, or a mix of both. Please see our whitepaper for more details).
Tracking Rewards
All traders can view their current projected IDEX rewards for the period by navigating to the benefits tab on IDEX. As more of their limit orders are filled, traders will see their share percentage and projected IDEX tokens increase. IDXM holders can elect to initiate the IDEX bonus and earn rewards at a faster rate, see our website for more details. At the end of each reward period, trader’s can request the IDEX token redemption and IDEX will distribute the earned rewards.
IDEX and the rewards program are currently live on the mainnet with support for over 200 tokens: start trading immediately! IDXM will go on sale December 4th, providing members with the option of free trades or 2x rewards as well as an initial stake of IDEX tokens.
Stay tuned and join the discussion on Telegram, sign-up for our newsletter, visit us on Bitcointalk, or follow us on Twitter to learn more about IDEX and our IDXM membership sale.
Thanks to Phil Wearn and Brian Fernalld for reviewing drafts of this post.
