FAQs

Demex Points

1. How often are the Demex Points updated? A snapshot is taken every 5 minutes of your perp trading volume and perp pool deposits. Hence the most updated version of your Demex Points will be reflected on your Points balance every 5 minutes.

2. When does the Demex Points S2 end?

   It will end in Q1 2025. Please refer to our official channels on Twitter, Telegram, or Discord for any program updates.

Retroactive Demex Points

1. What’s the difference between retroactive Demex Points and Demex Points?

   Retroactive Demex Points are to reward users who have been active on Demex in the past get as a starting Demex Points balance. Existing and new users will be able to increase their Demex Points balance by trading any perpetual market and providing liquidity to the perpetual Liquidity Pools.

2. How are retroactive Demex Points calculated?

   For users with previous activity on Demex, retroactive Demex Points are awarded based on past actions such as trading, providing liquidity, lending, borrowing, holding SWTH/rSWTH, staking SWTH, and referrals.

3. When was the retroactive Demex Points snapshot taken?

   The snapshot was taken on 20th of March 2024 and takes into account the activity on Demex starting on 1st of January 2023.

4. Do retroactive Spins have an expiry date? Retroactive Spins do not have an expiry and are valid during the duration of the Points Program. However you are recommended to utilizse your spins as you earn them. Any unused Spins maybe deemed void if not utilized following the end of the Points Program.

How to earn more Demex Points

Demex Points are earned from spinning the Wheel of Fortune to open up loot boxes. Spins can be earned through perpetual trading, providing liquidity to perpetual pools, and Nitron lending/borrowing activities.

1. When are Spins awarded? Spins can be earned through four methods:

   • Active Perp Trading: When you trade $12,500 worth on perpetual markets, spins are awarded instantly

   • Open Interest: When you maintain $12,500 in open interest positions, spins are awarded weekly

   • Perp Pool Deposits: When you deposit $1,000 in perpetual pools, spins are awarded weekly based on your holdings

   • Nitron Activities:

     • Lending: When you lend $100,000, spins are awarded weekly

     • Borrowing: When you borrow $10,000, spins are awarded weekly

     • Withdrawals or repayments will affect your spin accumulation in a pro-rated basis

2. How do I earn Loot Boxes? Loot Boxes can be obtained by spinning the Wheel of Fortune and will assign Demex Points. Loot Boxes will assign a randomised number of Demex Points.

3. Do spins have an expiry date? Spins do not have an expiration date. However, it is recommended to utilize your spins as you earn them, as continued activity allows you to earn even more spins, Loot Boxes, and ultimately, Demex Points. Any unused Spins may be deemed void if not utilized following the end of Season 2.

4. Can new users earn Demex Points moving forward? New users on Demex can start earning Demex Points immediately by earning Spins through trading, providing liquidity, or using Nitron's lending and borrowing features.

5. How is trading volume counted? Only trades on perpetual markets are counted for you to earn spins. Open positions are counted while open orders that have not been executed are not counted. Every $12,500 in trading volume earns you one spin.