UrDEX Incentive mechanisms: Loyalty Incentives and Strategic Partnership Privileges
For every project, an important aspect of sustainable growth is to retain users and keep community members engaged. As part of this effort, we are very proud to introduce UrDEX incentive mechanisms including Loyalty Incentives and Strategic Partnership Privileges.
Loyalty Incentives
This is a very simple mechanism: For every dollar traded on the UrDEX platform, one URL token is earned.
URL loyalty tokens can be earned by traders based on the USD volume of their swaps and closed trading positions. These tokens are automatically distributed and can be converted to URD tokens after a 24-hour vesting period. This incentivizes traders to keep using our platform, and allows them to share in our success as we grow.
With the UrDEX Loyalty Program, we aim to establish a positive feedback loop from community members, which will contribute to increased trading volume on our DEXs and result in creating more revenue for the platform.
Strategic Partnership Privileges
To encourage partners to join and make valuable contributions to the UrDEX ecosystem, we would like to introduce a new program for strategic partners to provide liquidity to projects and help their communities earn more stable profits. This program offers several benefits for our partners, and we're excited to help grow their communities in a groundbreaking way.
How to become a strategic partner:
Lock an amount of URD for a period of time to become a strategic partner and earn rewards. For example, you will need to lock at least $50k of ULDs (Urdex Liquidity Providers) value within 3 months.
Partners will earn LP rewards (45%) and Strategic Partner rewards (5%), in addition to receiving more URD rewards and IDO tickets from projects.
Maintain the trading volume of your community to be eligible for a weekly strategic partner fee (e.g. $50k/week).
The amount of strategic partner reward you receive depends on the contribution weight of the total trading volume and the number of ULDs of the strategic partners. Your partner reward (per week) will be calculated as follows: [(referrers trading volume / total trading volume in the program) + (Partner ULDs / total ULDs in program)] x 2.5%.
Later incentives: Partners will be provided an exclusive page to grow and manage their communities, as well as attract new users. For example:
Create their own collection of NFTs for the community.
Stake NFTs to receive rewards from partners, URD rewards, IDO tickets, trading fee reduction, and bootstrap rewards.
Top strategic partners will be highlighted on the projects' dashboard.
Copytrade features for excellent users.
Competitions between communities with attractive prizes will also be available.
About UrDEX
UrDEX is a community-driven project that aims to solve the liquidity problem by enabling disparate forms of liquidity to connect with markets in a decentralized way. Its decentralized, non-custodial, and DAO-driven design ensures a fair and transparent trading experience, while its Loyalty program and Strategic Partner pool provide additional incentives for users and liquidity providers.
Join UrDEX today and have a wonderful experience with your trading journey!
Follow UrDEX’s social media links to get our latest updates:
Website: http://urdex.finance/
Documentation: https://docs.urdex.finance
Twitter: https://twitter.com/UrDEX_Finance Â
Telegram: https://t.me/urdexfinance Â
Discord: https://discord.gg/urdexfinance
Â