Beta Mining v1
During the beta mining phase, errors stemming from the network or DVX itself may arise, potentially leading to losses. All traders engaging in Beta Mining should fully understand these risks prior to participation.
Overview
The DVX Beta Mining will take place over 11 weeks (Feb 20 - May 6, 2024).
Rewards of Beta Mining will be awarded as Bull, Bear, and Puppet Bear NFTs based on trading volume, leaderboard rank, and attendance, respectively.
Details regarding the benefits of the Reward NFTs will be announced after Beta Mining concludes.
Mining Point
Total Points = Open Position Point X {1+ Multiplier(SBT, Referral Bonus)}
+ Referral Volume Points
Open Position Points: Points proportional to the amount of the opened position. ($100 = 1 Point.)
SBT Multiplier: SBT holders will earn additional points during the Beta Mining period based on the type of SBT owned. More details here.
Referral Bonus: If you enter your Referral Code and redeem DVX, you will receive an additional 10% points.
Referral Volume Points: 10-20% of the combined points of users who enter your referral code. The percentage varies by your referral Tier. More details here. For example, if my invited user opens a position worth $10,000, I receive 10 Points ($1,000) as Referral Open Position Points.
Beta Mining v1 Rewards
DVX Beta Mining v1 offers three types of rewards, and NFT holders can earn Bonus Points in Beta Mining v2. The NFTs will be available to claim starting May 7th (UTC-00). The description below outlines the conditions for obtaining NFTs and information about the NFTs. More details about NFT benefits here.
Points accumulated during this period will be allocated based on $DVX guidelines to be disclosed at a later date.
1. Bull NFT
Assigned based on the amount of Open Position, with five tiers available:
Bronze Bull: Create DVX Account during the Beta Mining v1 Period.
Silver Bull: Open positions worth more than $50k USD during the Beta Mining v1 Period.
Gold Bull: Open positions worth more than $0.5m USD during the Beta Mining v1 Period.
Platinum Bull: Open positions worth over $5m USD during the Beta Mining v1 Period.
Diamond Bull: Open positions worth over $50m USD during the Beta Mining v1 Period.
2. Bear NFT
Assigned based on Leaderboard Rank during the Beta Mining Period:
Gold Bear: Rank in the top 1% of the leaderboard during the Beta Mining v1 Period.
Silver Bear: Rank in the top 5% of the leaderboard during the Beta Mining v1 Period.
Bronze Bear: Rank in the top 10% of the leaderboard during the Beta Mining v1 Period.
3. Puppet Bear NFT
Assigned based on Attendance during the 42-day Beta Mining Period:
Puppet 1 Bear NFT: Attend up to 10 days of the Beta Mining v1 Period.
Puppet 2 Bear NFT: Attend up to 21 days of the Beta Mining v1 Period.
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