💯Panana Points
Points' is a distinctive measure of a community member's engagement with the Panana Protocol. Currently, active trading on Panana allows users to accumulate Points. These Points offer several advantages:
It serves as a prerequisite for participation in certain events and rewards programs.
It determines a community member's overall contribution to the community and may be used as a key factor in assigning community roles.
It may lead to potential token airdrops.
The Panana Points System allows you to earn points through various activities, which you can then use to gain exciting benefits. Here's how it works:
Trading Points: Earn points every time you trade on the Panana platform. The more you trade, the more points you'll accumulate!
Achievement Points: Reach specific milestones on Panana, such as reaching a specific trading volume, and receive a fixed number of points as a reward.
Referral Points: Referring qualified users will be rewarded with Points.
Event Points: Participate in our events and campaigns to earn points and compete for exciting prizes!
Trading Points
The Trading Points are updated every week. The formula is:
Weekly_Points(i) = min(Virtual_Points(i) / ∑ Virtual_Points, Shares_Cap ) * Pool_Cap
Virtual_Points(i) = New_Positions(i) * Active_Trading_Multiplier * Asset_Class_Multiplier
New_Positions(i): The volume of new positions that are opened in a statistical period(i.e. a week), measured in USD.
Active_Trading_Multiplier: An amplifier for active traders within the statistical period. The number(’k’) is determined by the number of trades(’n’) that related to the trader, as follows:
Asset_Class_Multiplier: This is a constant number that is determined by its asset class.
Pool_Cap: To balance the ability to access the reward among the earlier birds and their followings, making the Points system play fairly and well functional, there is a cap to the weekly Points reward pool. Every four weeks can be viewed as an ‘epoch’. In the initial epoch, the pool cap is set as 100k. In the following 5 epochs, there will be a 20% increase, comparatively. From the 7th epoch, the pool cap will be set as a constant of 250k.
Shares_Cap: To prevent the Points system from malicious behaviors and keep the Points being distributed healthily, there is a shares cap for each individual against the whole weekly reward pool. The shares cap is determined by the number of users who are entitled to share the reward poo. It’s adjusted in the following ways:
Notes: ‘n’ represents the number of traders that are entitled to be rewarded. Those points that overflow the share cap will be burned automatically.
Achievement Points
Unlock exciting rewards with our Achievement Points! Here's a breakdown of what you can earn:
Referral Points
When a referred user becomes a qualified trader by reaching a $10,000 cumulative trading volume, both you (the referrer) and the referred user will receive 100 Points.
Please note: Referrers can earn a maximum of 50,000 Points from this reward program.
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