- The Vertex (Mantle) platform has introduced an enticing rewards initiative, presenting traders with the chance to earn a portion of 900,000 MNT tokens across a 12-week duration.
- The program is crafted to incentivize both makers and takers through a thoughtfully designed distribution approach, ensuring equitable and frequent rewards.
- “The MNT Trading Rewards program stands out as an excellent opportunity for traders to maximize their gains while promoting active market participation,” stated a Vertex representative.
Discover the Vertex (Mantle) trading rewards program, offering lucrative incentives for active traders through a well-structured distribution of 900,000 MNT tokens over 12 weeks.
Launch of a Comprehensive Reward System for Traders
The MNT trading rewards initiative by Vertex (Mantle) sets out to distribute 900,000 MNT tokens over 12 weeks, aiming to foster active involvement from both market takers and makers. The rewards pool is strategically divided to ensure substantial engagement from all participant categories.
Breakdown of Reward Allocation Between Takers and Makers
The total reward pool of 900,000 MNT tokens is split into two significant portions: 630,000 MNT for takers and 270,000 MNT for makers. Takers, who finalize trades by accepting existing orders, receive the lion’s share of the rewards. Conversely, makers, who inject liquidity into the market by placing new orders, also benefit from substantial incentives. This strategic distribution is intended to stabilize the trading ecosystem, encouraging both trade execution and market liquidity.
Reward Distribution Mechanisms for Takers
The takers’ rewards, summing up to 630,000 MNT, are distributed across 12 weeks, with each week considered a separate epoch. Rewards for takers are calculated based on weekly trading activities. Each epoch sees the allocation of 52,500 MNT tokens, with rewards being proportionate to the trading fees paid by participants. Up to 75% of the fees paid by takers are returned as rewards, incentivizing higher trading frequency and active participation in the marketplace.
Incentives for Market Makers
Makers are allocated 270,000 MNT tokens, distributed in epochs spanning 28 days each. This longer period allows the platform to reward those who consistently contribute liquidity and stability to the market. The maker rewards follow a system similar to the Vertex Maker Program, rewarding significant market support, high uptime, and substantial fee contributions. This ensures market makers are recognized for their continuous efforts to maintain liquidity.
Critical Dates and Additional Information
Participants should pay attention to key dates for claiming their rewards. The first claimable rewards for takers will be available on Wednesday, July 3rd. Initially displayed on the Vertex (Mantle) front-end, these rewards will be indexed from the start date of the program, with the first distribution batch claimable through the app’s rewards page. For ongoing updates and announcements, traders are advised to follow the official Vertex Twitter account to stay informed and optimize their engagement in the program.
Conclusion
The MNT Trading Rewards program on Vertex (Mantle) presents a significant opportunity for traders to earn considerable rewards, encouraging active trading and maintaining market liquidity. By offering structured and fair reward distribution, the program aims to benefit both new and seasoned traders, enhancing their overall trading experience and profitability on the Vertex (Mantle) platform.
