The Vertex (Mantle) platform has launched an exciting rewards program, offering traders the opportunity to earn a share of 900,000 MNT tokens over a 12-week period. This program is designed to incentivize both makers and takers, with a well-structured distribution mechanism that ensures regular and fair rewards. Here’s a detailed look at the MNT Trading Rewards program and how you can benefit from it.
Total MNT Rewards Available
Vertex (Mantle) is offering a total of 900,000 MNT tokens as rewards, which will be distributed over the course of 12 weeks. This substantial reward pool is split between makers and takers, with the aim of encouraging active participation from all types of traders on the platform.
- Total Available MNT Rewards: 900,000 MNT
- Duration: 12 Weeks
- Start Date: Monday, June 24th @ 13:00 UTC
Distribution Between Makers and Takers
The 900,000 MNT tokens are divided into two main categories: takers and makers. Takers, who execute trades by accepting existing orders, are allocated the majority of the rewards, while makers, who place orders that provide liquidity to the market, also receive significant incentives.
- Takers: 630,000 MNT
- Makers: 270,000 MNT
This distribution strategy is designed to balance the ecosystem by rewarding those who actively participate in trading (takers) as well as those who contribute to market liquidity (makers).
MNT Reward Distribution & Mechanism – Takers
The takers’ rewards, totaling 630,000 MNT, are indexed and distributed based on weekly epochs. Each week is considered an independent epoch, with rewards calculated and distributed based on trading activity during that week.
- Length of 1 Epoch: 1 Week
- Number of Epochs: 12
- Total MNT Rewards Available per Epoch: 52,500 MNT
Taker MNT rewards are calculated based on the trading fees paid by participants, with up to 75% of the taker fee paid being returned as rewards. For instance, if a trader pays $100 in taker fees in a given week, they can earn up to $75 in MNT rewards before the next epoch begins. This incentivizes frequent trading and provides a significant return on trading fees.
MNT Reward Distribution & Mechanism – Makers
The makers’ rewards, totaling 270,000 MNT, are distributed based on longer epochs of 28 days each. This longer period allows for more substantial contributions to market liquidity and stability to be recognized and rewarded.
- Length of 1 Epoch: 28 Days
- Number of Epochs: 3
Maker rewards are calculated based on criteria similar to the Vertex Maker Program, which is a rebate-based trading fee incentive program for price makers who contribute over 0.25% of maker volume in a given epoch. The program also allocates rewards based on a scoring function that prioritizes market support, uptime, and fees. This ensures that the most active and supportive market participants are adequately rewarded for their efforts.
Key Dates
Participants should note the following important dates for the MNT Trading Rewards program:
- First Claimable Rewards: Wednesday, July 3rd
Initially, the MNT trading rewards for takers will be displayed on the Vertex (Mantle) front-end in the first few days of the program. The indexing of MNT rewards is active from the start date, and the first batch of rewards will be available for claiming on the rewards page of the app on July 3rd.
Additional Information
To stay updated with the latest information and updates about the MNT Trading Rewards & Competition, users are encouraged to follow the Official Vertex Twitter account. This will ensure they do not miss out on any important announcements or opportunities to maximize their rewards.
The MNT Trading Rewards program on Vertex (Mantle) provides traders with a great chance to earn significant rewards. With 900,000 MNT tokens available, the program encourages active trading and market liquidity. The structured weekly and monthly distribution ensures fair rewards, making it appealing for both new and experienced traders. Engaging in this program can enhance trading experience and profitability on Vertex (Mantle).