🎁Points & Rewards Program
At LN Exchange, we hold deep appreciation for the invaluable contributions of our earliest supporters and friends. From the very beginning, they have played a pivotal role in nurturing and fostering the growth of our community. Their dedication and enthusiasm have laid the foundation upon which our platform stands today.
In line with our core values, fairness lies at the heart of our reward system. We've meticulously crafted a balanced approach to ensure that every member of our early community is given an equal opportunity to reap the benefits. Whether you've been with us since the inception of Lnfi Network or have recently joined our ranks, rest assured that your participation is highly valued and duly rewarded. We believe that every individual's efforts contribute significantly to the collective success of our community, and thus, we strive to recognize and appreciate each member accordingly.
Additionally, a fraction of the total platform tokens will be allocated to early supporters pro-rata to their points at the end of the Rewards Program. The rewards would have to be claimed by the users at the end of the program.
In our upcoming journey, there are three distinct phases, each aimed at enriching the experience of our community members:
Phase 1: Pre-Launch Marketing (🔴Completed)
During this initial phase, we're focusing on rewarding:
past contributors for their invaluable support and dedication
top ranking participants in our Zealy questing
selected winners for our upcoming AMAs, Twitter & Telegram Giveaway events
traders who trade on Lnfi Network's P2P Marketplace during Phase 1
LN Points will be allocated to the above as a token of appreciation for their role in shaping and nurturing our community.
Moreover, in Phase 1, we're extending our gratitude to traders on our P2P Marketplace. As integral participants in our ecosystem, traders will also receive points, acknowledging their active involvement and contribution to the vibrancy of LN Exchange.
Phase 2: Early Access - Closed Test
Phase 2 marks a significant milestone as we prepare to introduce our platform for a closed early access test.
During this phase, testers will be crucial in helping us refine and optimize our trading system.
LN Points will be awarded to testers based on their trading activity.
Phase 3: Public Launch
Phase 3 marks the culmination of our journey as LN Exchange prepares for a full-scale launch to the public.
LN Points will be awarded to users based on their trading activity.
PHASE 1 - Pre-Launch Marketing (🔴Completed)
#1 - Earn LN Points for Past Contributors
LN Points will be allocated to past contributors as per our record as of 17 March 2024 23:59 UTC+8
Eligible historic contributions are as follows:
| Past Contributions | Remarks |
|---|---|
Trading on Lnfi Network P2P Marketplace | 0.05 LN points will be rewarded for every 10,000 sats (equivalent to 0.05 LN points for every US$7 of BTC based on BTC's price of $70,000) traded. *Minimum requirement: To be eligible, users must have fulfilled BUY orders exceeding the value of 100,000 SATS on the P2P Marketplace before the designated time specified above to qualify. SELL orders will not be considered for eligibility. The calculation of LN points will factor in both BUY and SELL transaction volume. |
Fairmint / Lightning Starter Participation | 10 LN points for every past Fair Mint participation |
Lightning Gift Creations | 5 LN points for every gift created |
Lock Assets Participation | 50 LN points for every Lock Assets event created |
#2 - Earn LN Points for ranking on the Zealy Leaderboard
Join Zealy Quest >> https://zealy.io/c/lnexchange/invite/fiEvLL2ew-DQ0Yx6BQy1n
| Ranking | Remarks |
|---|---|
Top 1 - 10 | 2,000 LN points each |
Top 11 - 50 | 500 LN points each |
Top 51 - 200 | 200 LN points each |
Remaining | A random number of winners will be selected and awarded 10 LN points each |
#3 - Trade on Lnfi Network P2P Marketplace
0.2 LN points will be rewarded for every 10,000 sats (equivalent to 0.2 LN points for every US$7 of BTC based on BTC's price of $70,000) traded.
Minimum requirement:
To be eligible, users must have fulfilled BUY orders exceeding the value of 100,000 SATS on the P2P Marketplace before the designated time specified above to qualify.
SELL orders will not be considered for eligibility. The calculation of LN points will factor in both BUY and SELL transaction volume
Washtrading restriction: Transactions flagged as washtrading may be subject to eligibility at the discretion of the team.
The end date of Phase 1 and the start date of Phase 2 will be announced at a future date.
PHASE 2 - Early Access Closed Test
During Phase 2: Closed Early Access, users can perform spot trading on the mainnet NOT testnet i.e. testers are trading with real tokens of value.
#1 - Spot Trading on LN Exchange
For a limited time during Phase 2, participants will earn DOUBLE LN Points for the Spot Trading
0.1 LN points will be rewarded for every 10* USDT trading volume. 10 LN points per 1,000* USDT trading volume. 100 LN points per 10,000* USDT trading volume.
| Fees | % |
|---|---|
Maker | 0.04%* |
Taker | 0.05%* |
*The specified trading volume or rules are subject to change at the team's discretion. *The fees will be adjusted after the test period.
#2 - Perpetual Trading on LN Exchange
For a limited time during Phase 2, participants will earn DOUBLE LN Points for the Perpetual Trading BTC-USDT [Details]
0.1 LN Points for every 10* USDT in trading volume. 10 LN Points for every 1,000* USDT in trading volume. 100 LN Points for every 10,000* USDT in trading volume.
| Fees | % |
|---|---|
Maker | 0.02%* |
Taker | 0.05%* |
BURGER-BTC-USDT [Details]
0.1 LN Points for every 1,500* BURGER in trading volume. 10 LN Points for every 150,000* BURGER in trading volume. 100 LN Points for every 1,500,000* BURGER in trading volume.
The total number of LN Points for the BURGER-BTC-USDT trading pair is capped at 20,000 weekly. If the weekly trading volume exceeds 300,000,000 BURGER, LN Points will be distributed to each trader on a pro-rata basis according to their trading volume.
| Fees | % |
|---|---|
Maker | 0.02%* |
Taker | 0.05%* |
TREAT-BTC-USDT [Details]
0.1 LN Points for every 750* TREAT in trading volume. 10 LN Points for every 75,000* TREAT in trading volume. 100 LN Points for every 750,000* TREAT in trading volume.
The total number of LN Points for the TREAT-BTC-USDT pair is capped at 20,000 weekly. If the weekly trading volume exceeds 150,000,000 TREAT, LN Points will be distributed pro-rata based on each trader’s volume.
| Fees | % |
|---|---|
Maker | 0.02%* |
Taker | 0.05%* |
*The specified trading volume or rules are subject to change at the team's discretion. *The fees will be adjusted after the test period.
How to gain Early Access to Phase 2? (Updated)
Whitelists are no longer required. To join Phase 2 fulfill the following conditions to participate:
Spot Trading
minimum deposit of 100 USDT or 0.0015 BTC (~100 USDT) into your Spot trading account on the LN Exchange.
Perpetual Trading
BTC-USDT
minimum deposit of 200 USDT into your USDT-margined account on the LN Exchange.
BURGER-BTC-USDT
minimum deposit of 500 BURGER into your BURGER-margined account on the LN Exchange.
PHASE 3
Details of Phase 3 [TBD]
Post-Launch Reward Program
The Reward Program will continue post-launch periodically, albeit on a smaller scale, to recognize and incentivize contributors according to the aforementioned LN Points system.
Disclaimer
Any other fraudulent acts including but not limited to the use of bots shall be disqualified.
Lnfi Network & LN Exchange reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating, or suspending this points & rewards program, the eligibility terms and criteria, the selection and number of winners, and the timing of any action to be done, and all Participants shall be bound by these amendments.
It is important to note that, like any emerging technology, there may be unforeseen risks associated with the use of the platform and its token(s). The protocol and its creators disclaim any responsibility for any losses, damages, or unforeseen consequences that may arise from their use. Users engage with this token at their own risk and should exercise caution when exploring its capabilities.
By proceeding to take part in this campaign, you acknowledge that you do so voluntarily and are aware of the potential risks involved. You agree not to hold the protocol, its developers, or any affiliated parties liable for any adverse outcomes that may result from your interaction with this platform and its token(s).
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