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Analysis of ORDER token transaction reward mechanism

2024-08-26 17:09:12

      In today's world of digital currencies, earning trading rewards has become one of the important strategies for many investors. The Orderly platform offers a unique opportunity for users to trade with Orderly’s builders and start earning trading rewards. This article will take an in-depth look at Orderly’s trading reward program, its operating mechanism and how to participate, so that you don’t miss any profit opportunities!


Trading Rewards Program Overview

Orderly’s trade rewards program will last for approximately 200 cycles (14 days each) and allocate 15% of the total supply as rewards in $ORDER tokens. Whenever a period ends, the next period will begin immediately unless otherwise notified. This means you can continue to participate and receive rewards at any time.

Transparency in reward distribution: Orderly ensures fair and transparent distribution of rewards, and all rewards will be distributed based on users’ trading volume. Users can view the rewards they earn in each cycle by connecting their wallet to the Orderly app.


rules of engagement

Before participating in the trading rewards program, users need to know some basic rules:

Reward type: Users can only receive trading rewards or market-making rewards at any time. If the user has participated in the market-making reward program, he or she cannot participate in the trading reward program.

Transaction Type: The Transaction Rewards Program is only available for EVM transactions.

Self-trading is prohibited: Self-trading (wash trading) will be punished to maintain the fairness of the trading environment.

Changes to Rules: Orderly reserves the right to modify, suspend or terminate any rules in the Program at any time.


Key information on reward distribution

According to the trading reward program, rewards will be distributed according to the categories of major and minor tokens. The following is the distribution ratio of rewards:

Main: BTC, ETH, SOL | 70 |

 Secondary: Others | 30 |

This means that major tokens will receive a higher reward ratio, giving users more incentive when trading.

User workflow: So, what is the life cycle of a cycle? The following is the process of user participation:

Transactions: Users transact with Orderly’s builders.

Reward Calculation: After the period ends, users can view the processed rewards by connecting their wallet through the Orderly app.

Wash trade analysis: After each cycle, Orderly will conduct wash trade analysis to ensure the legitimacy of all rewards.

Waiting Period: After the end of each cycle, there will be a waiting period of up to 4 days to verify the legitimacy of the reward distribution. During this period, Orderly will conduct wash trading analysis and punish users who engage in self-trading behavior.

Reward Confirmation: After the waiting period, each user’s reward will be confirmed and shown as available, and users can then withdraw their trading rewards ($ORDER tokens) in the Orderly app.


Transaction reward interface

Users can view their trading reward statistics by visiting the Orderly app and connecting to their wallet. Users can:

View information for the current period

Withdraw earned trading rewards

Track breakdown and status of reward history

It is worth noting that the transaction reward data in the Orderly app is chain-agnostic and aggregates all data of users across different builder accounts. No matter which blockchain network the user is connected to, using the same EVM address, the user will see the same information.

FAQ: Which builders can I trade with to get trading bonuses?

Users can trade with any builder and thus be able to earn trading rewards, whether in primary or secondary tokens.


in conclusion

In summary, Orderly’s trading rewards program provides users with an excellent opportunity to earn extra money. Through a fair and transparent reward distribution mechanism, both novice and experienced traders can find suitable trading partners on this platform and continue to receive rewards. Don’t miss this opportunity, join Orderly’s trading rewards program today and start earning your $ORDER tokens!

Disclaimer:

1. The information does not constitute investment advice, and investors should make independent decisions and bear the risks themselves

2. The copyright of this article belongs to the original author, and it only represents the author's own views, not the views or positions of HiBT