1/ At the core of Vertex’s ecosystem is $VRTX - creating an opportunity for the community to participate in governance & revenue sharing.
So, how do anons get their hands on VRTX?
The Trade & Earn program is designed to distribute - acknowledging & rewarding traders.
🧵👇
2/ How to earn $VRTX
VRTX can be earned in two ways:
1️⃣ As a Taker
2️⃣ As a Maker
👉 Every trading fee paid = Earning $VRTX
3/ As a Taker 🫴
This is the majority of traders. Rewards can be earned proportionally according to fees paid on trades.
💡 More volume = more fees paid = more $VRTX .
4/ As a Maker 🫳
Rewards can be earned by meeting the requirements set out in the Market Making Programme.
Makers are traders who provide liquidity to the exchange and typically trade electronically to provide liquidity on a 24/7 basis.
5/ $VRTX Rewards will be distributed over 2 phases
1️⃣ Initial token phase:
9% of tokens awarded over 6 months (until TGE in October 2023)
2️⃣ Emissions phase:
37% of tokens distributed over 6 years
Let's examine the Initial token phase.
6/ The Initial Token phase commenced at mainnet launch (LIVE).
It's primary objective, to attract deep liquidity and build an early community of stakeholders.
Breakdown:
• 9% of total $VRTX Supply
• 6 Epochs = 28 days each
The initial phase is currently in epoch 3 of 6 ⏳
7/ Token Claim 🔮
Rewards earned from the Initial Token Phase will become claimable in October 2023.
More information to come on the claim & launch mechanics over the coming weeks… 👀
8/ Trade on Vertex. Earn $VRTX ⤵️
Start trading on Vertex. Participate in the Trade & Earn Program. Become a member of the community.