Beta Mining v2

Caution

1. During the beta mining v2, errors stemming from the network or DVX itself may arise, potentially leading to losses.

2. All traders engaging in Beta Mining should fully understand these risks prior to participation.

Overview

• DVX Beta Mining v2 will run for approximately 12 weeks (May 7 - July 31, 2024).

• Participants in Beta Mining v2 will be awarded rDVX proportional to their ‘Total Point’

• The token allocation for Beta Miningv2 will be announced.

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1. Points

Total Points = (Trading Volume Point) X {1+ Multiplier(SBT, NFT, Referral Bonus)} + Sequential Trade Bonus + Referral Volume Point

1. Trading Volume Points: Points proportional to the amount of the trading volume. ($100 Size Trading Volume =1 Point.)

2. Multiplier: Holders of DVX SBT or NFTs, as well as users entering a referral code, are eligible for a Multiplier bonus.

3. Referral Bonus: If you enter your Referral Code and trade on DVX, you will receive an additional 10% in points.

4. Sequential Trade Bonus: A Bonus Point that can be earned by trading for several consecutive days.

5. Referral Volume Point: Points are calculated as 10% to 20% of the trading volume of those who enter my Referral Code. The percentage varies depending on the number of invited users and their trading volumes. More details here.

   • Total Points are updated daily at 00:00 UTC.

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2. Multipliers

DVX offers a Multiplier that enables the earning of additional points. The Multiplier has three types: NFT, SBT, and Referral Bonus.

1. NFT Multiplier

• Users can claim NFTs based on their participation, trading volume, and leaderboard rankings during Beta Mining v1 starting from May 7, 2024.

• DVX is issuing NFTs to new users of Beta Mining v2 who complete the Galxe Mission, enabling them to acquire a Multiplier.

• For information on NFT benefits and criteria, here.

2. SBT Mutliplier

SBT	Criteria	Benefits
Type D	OG Role holder	+50%
Type V	Over $100k trading volume in any 30 days from Dec 2023 to Feb 2024 on the specified Perp DEX.	+40%
Type X	Over $10k trading volume in any 30 days from Dec 2023 to Feb 2024 on the specified Perp DEX. DVX Early Role holder	+30%

• DVX has enhanced the effects of SBT for DVX early users participating in Beta Mining v2.

• Specified Perp DEX: DVX has categorized addresses based on the trading volume over the last three months at exchanges such as GMX, MUX, HMX, Aark, and Gains Network.

• For more details about DVX SBT, here.

Rules for Combining NFT and SBT Benefits

1. Benefits from different NFTs do not stack; only the largest is applied.

   • Ex. If you own both Gold Bear NFT(70%) and Puppet Bear 2 NFT(60%), only Gold Bear (70%) is applied.

2. SBT benefits do not stack; only the largest one is applied.

3. The Benefits of NFTs and SBTs can stack and are calculated by addition.

   • Ex. If you own Puppet 1 NFT(55%) and Type D SBT (50%), the total benefit is 105% (55%+50%).

3. Referral Bonus

If you enter your Referral Code and trade on DVX, you will receive an additional 10% in points.

4. Point Boost: Daily Competition Rewards

• ‘Point Boost’ is a reward obtained from the previous day’s 24-hour 'Daily Point Leaderboard' competition.

  Daily Leaderboard Rank	Point Boost for 24 hours
  1-10	100%
  11-30	70%
  31-60	50%
  61-100	30%

  • The Boost Percentage for the next day is determined based on the previous day's leaderboard ranking.

  • The Point Boost is activated for 24 hours, and its effects, along with the leaderboard rankings, are reset at UTC-00:00 daily.

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Sequential Trade Bonus

The Sequential Trade Bonus is awarded for trading on consecutive days.

Reset of Sequential Trading Bonus

• If you stop trading before completing four days, the bonus points will reset to those of the first day.

• Trading for five consecutive days resets the count, and bonus points are applied as if it were the first day.

Minimum Trading Volume

• You must trade at least $1,000 to be eligible for bonus points

• Sequential Bonus Points are added to your points every 24 hours.(UTC-00)

Duration of Consecutive Trade	Bonus Points	Minimum Trading Volume(24hr)
1-day consecutive trade	10Points	$1,000 USD
2-day consecutive trade	20Points	$1,000 USD
3-day consecutive trade	30Points	$1,000 USD
4-day consecutive trade	60Points	$1,000 USD
5-day consecutive trade	10Points	$1,000 USD

Referral Rebates Points

Points are calculated as 10% to 20% of the trading volume of those who enter my Referral Code. The percentage varies depending on the number of invited users and their trading volumes. More details here.