I hope to write a more detailed and polished blog article tomorrow - but as I know mood get a bit down on days the market is red I thought that I could not delay giving more info in this program a lot of the community is excited about, so here is a quick summary of the program structure:
Liquidity mining (NEX farming) beta program
We will start on October 1st (Thursday) a incentive program for makers and takers.
For five weeks 10,000 NEX will be given to makers and takers, totaling 20,000 NEX per week and 100,000 NEX for the whole five weeks.
To participate on the program one must have a minimum of $10,000 daily volume average during each week of reward (with minimum 4 days above $10k). There is no registration or locking required - all one need to do is trade, if you trade normally and do more than the minimum volume you will be rewarded.
We will compute the leader-board separately for both makers and takers on the week closing and reward proportionally. This means we will compute the first leader-board and rewards on October 8th.
When computing the reward distribution there will be a multiplier applied for people with valid 2 year NEX stakes to reward our community and attract new users to NEX benefits!
500 NEX: 50% bonus
1000 NEX: 100% bonus
Valid markets for launch week are:
BTC/USDC, ETH/BTC, ETH/USDC, LINK/USDC, NEO/USDC and NEO/ETH.
Nash employees and partners participating in paid market making programs will not be eligible.