DODO's cumulative trading volume has surpassed $3.2 billion since the launch of DODO v2. In order to provide DODO users with easy access to more high-quality tokenized assets, the DODO team is proud to announce the DODO Raptor Program, a trading mining incentive program specifically targeting new, popular tokens.
The first DODO Raptor Program will go live with Tidal Finance's $TIDAL tokens and $TIDAL's trading mining campaign will last 14 days. Details are as follows:
March 26, 2021, at 4:00 PM UTC+8 (Singapore Time)
April 9, 2021, at 4:00 PM UTC+8 (Singapore Time)
During the event period, DODO users who trade $TIDAL tokens on the DODO platform are eligible for trading mining rewards.
For each wallet address, its trading volume of $TIDAL (calculated by the number of $TIDAL tokens bought + the number of $TIDAL tokens sold) will be calculated and displayed in a public Google Docs document.
At the end of the event; collated and displayed in the Google Docs document will be each address's:
- Total $TIDAL trading volume
- vDODO weighting bonus (see the "How the Rewards Are Calculated" section for details)
- Weighted $TIDAL trading volume after the vDODO weighting bonus has been applied, and
- Number of DODO rewards the address will receive
will be collated and displayed in the Google Docs document.
The final tally of each participating address's total trading volume will take place on April 9, 2021, at 6:00 PM UTC+8 (Singapore Time) and the aforementioned document will be shared with the DODO community shortly after. The rewards will then be distributed on Binance Smart Chain (BSC) to participants on April 10, 2021. Please make sure you switch your wallet application/extension's network to BSC in order to see the rewards.
Number of Reward Tokens
16,666 BEP-20 (BSC) DODO tokens.
How the Rewards Are Calculated
The rewards for participating users are determined by 4 parameters:
(i) The total number of $TIDAL tokens traded by the address
(ii) The address's vDODO weighting bonus
(iii) Percentage of trading volume of each address after the vDODO weighting bonus, and
(iv) The reward cap for a single wallet address
(ii) vDODO weighting bonus: vDODO holders receive a weighting bonus when calculating trading volume. We will take a snapshot of all vDODO holder addresses on April 9, 2021, at 4:00 PM UTC+8 (Singapore Time). The bonus rules are:
- Users who hold 10 to 99 vDODO token are given a 105% weighting bonus on their trading volumes.
- Users who hold 100 to 1,000 vDODO token are given a 110% weighting bonus on their trading volumes.
- Users who hold more than 1,000 vDODO token are given a 120% weighting bonus on their trading volumes.
(iii) Percentage of trading volume of each address after the vDODO weighting bonus: At the end of the event, the proportion of each address's total trading volume after the (ii) vDODO trading volume weighing bonus has been applied to the total $TIDAL trading volume on the platform will be calculated. In other words, the reward calculation formula is
The address's $TIDAL volume * vDODO weighting bonus / total $TIDAL volume over the event period * 16,666 DODO = The address's DODO rewards
(iv) The reward cap for a single wallet address: Each address can only get up to $1,000 worth of $DODO tokens in rewards.
Trading Rewards Calculation Spreadsheet:
The TIDAL trading rewards spreadsheet can be seen here:
Please note: This will be updated every 24 hours.
Happy mining and #JustDODOIt!
The DODO Team