💵Demex Credits

Welcome to Demex Credits, where you earn your trading fees in rewards!

What are Demex Credits?

The Demex Credits program is a rewards system designed for traders.

Participants can earn a minimum of 10% rebate in SWTH tokens from the fees they pay while trading on the Demex. These rewards are distributed every 28 days, known as an epoch or a season.

One Demex Credit is $1 in fees contributed to the protocol. Fees contributed to the protocol is calculated by Trading fees paid, minus referral commissions, and minus rebates.

Start trading perpetuals to take part today, and check your ranking on the Leaderboard here.

Duration

• Each trading epoch spans 28 days.

• The first epoch began on February 13, 2024, at 8 AM GMT.

• Currently, there is no set end date for this program.

Eligibility and Rewards Calculation

• This program applies only to trades made in the Demex Perpetual markets.

• At each epoch's start, 400,000 SWTH tokens seed the rewards pool.

• The rewards pool will increase to cover 25% of the total trading fees generated on the Demex chain during that epoch, capped to a maximum of 1,600,000 SWTH.

• The SWTH's value is based on its rolling 28-day time-weighted average price, calculated from the last trade price in the SWTH/USD pair.

• A trader's share of the rewards is proportional to the amount of trading fees they contributed to the Demex chain.

• Traders can monitor their credits and standings on the Demex Credits leaderboard.

Distribution of Rewards

• Rewards are transferred to an EVM smart contract one day after each epoch ends.

• Traders can claim their rewards using their EVM wallet (e.g., Metamask).

• Unclaimed rewards roll over and can be claimed in subsequent epochs.