🔢Demex Points S2
Welcome to season 2 of Demex Points! Learn about Demex Points, and how to earn them.
Last updated
Welcome to season 2 of Demex Points! Learn about Demex Points, and how to earn them.
Last updated
Demex Points Season 1 concluded on 16th December 2024. Demex Points Season 2 is live and will run until Q1 2025, followed by the launch of the $DMX token. Points from Season 1 are carried over to Sesaon 2, no action is required.
Demex Points are awarded to loyal users who are active on Demex. Higher levels of account activity will lead to substantial increases in Demex Points.
Are you an OG? If you were active on Demex from 1 January 2023 to 20 March 2024, you might be eligible for Retroactive Demex Points! Learn more here.
Earning Demex Points revolves around Wheel Spins, which unlock opportunities through the Wheel of Fortune and Loot Boxes.
Wheel Spins are your ticket to unlocking more Demex Points through the Wheel of Fortune. In Season 2, spins can be earned in 4 ways:
Active Perp Trading: Earn 1 spin instantly for every $12,500 traded on perpetual markets
Open Interest: Receive 1 spin for every $12,500 in open interest maintained per week
Perp Pool Deposits: Receive 1 spin for every $1,000 deposited and held in perpetual pools pro-rata* each week
Nitron Activities:
Lending: Earn 1 spin for every $100,000 lent per week
Borrowing: Earn 1 spin for every $10,000 borrowed per week
Your trading volume, deposits, and Nitron activities are meticulously tracked through 5-minute snapshots. This ensures that your spins are continuously updated in real-time, with new data refreshed every 5 minutes.
Accumulating Spins via Different Activities
Here are some examples:
Example 1: Perp Trading Bob trades $25,000 worth of perpetuals. Bob will be awarded 2 spins instantly.
Example 2: Perp Pool Deposits Alice deposits $2,000 USD in the Perp Pool. Assuming her deposit remains unchanged for 1 week, Alice can expect to receive 2 spins at the end of the 1-week period.
To calculate the number of spins you can accumulate through Perp Pool deposits, use the following formula:
Example 3: Nitron Lending Tom lends $200,000 in Nitron. Assuming his lending position remains unchanged for 1 week, Tom can anticipate getting 2 spins at the end of the week.
Example 4: Nitron Borrowing Rachel borrows $20,000 from Nitron. Assuming her borrowing position remains unchanged for 1 week, Rachel can expect to receive 2 spins at the end of the week.
Use your earned Wheel Spins to spin the Wheel of Fortune and earn Demex Points from Loot Boxes!
Each spin guarantees you a Loot Box.
There are 5 different types of Loot Boxes (Common, Uncommon, Rare, Epic, Legendary), each carrying varying Points.
The rarer the box, the more Demex Points packed inside!
Feeling lucky? The legendary loot box is packed with the maximum number of points! Who knows, fortune might just smile upon you 🍀
Ready to collect Spins? Connect to Demex through Leap Wallet, and stay informed about the latest alpha on Leap's Airdrop Dashboard!
