Testnet Liquidity Rewards

Added to Archive on September 2nd, 2022

Testnet Rewards

[August 26 0:00:00, 2021 – February 9, 23:59:59, 2022]

Testnet rewards were accrued by completing certain tasks (referred to as checklists below). Wallets that completed these criteria checklists (Tier A, Tier B+, Tier B) shared the allocated ALGX rewards (81 million ALGX) without vesting or ALGX holding requirements. A wallet could only be eligible for one of the three checklists described below.

Users had until July 25th, 2022, at 23:59:59 EST to opt-in to the ALGX token (724480511). Users did not receive rewards unless they opted-in to ALGX.

Criteria Checklist Tier A: By completing this checklist, 15,710.57 ALGX without vesting or ALGX holding requirements.

• Complete ALGX opt-in

• Have at least 5 maker orders placed

• Have at least 10 taker orders placed

• Wallet must have been active on at least 5 different calendar days

• Wallet must have been active on at least 2 different calendar months

Criteria Checklist Tier B+: By completing this checklist, 8,500 ALGX without vesting or ALGX holding requirements.

• Complete ALGX opt-in

• Have at least 20 total actions or more (maker or taker orders combined)

• Wallet must have been active on at least 10 different calendar days

Criteria Checklist Tier B: By completing this checklist, 3,000 without ALGX holding requirements.

• Complete ALGX opt-in

• Have at least 5 maker orders placed

• Have at least 10 taker orders placed

• Wallet must have been active on at least 2 different calendar days

Reward distribution

Testnet Rewards          22.5% of total reward pool; 81 million ALGX

See ALGX Liquidity Rewards Program for more information on Mainnet Reward distribution.

Eligibility

Testnet rewards were eligible to anyone who completed any checklist (Tier A, Tier B+, Tier B) on Algodex between August 26, 0:00:00, 2021 and February 9, 23:59:59, 2022. The Algodex development team and insiders are excluded from all Testnet rewards.