💸Reward Pillars
The HypeTrain Campaign is built on three reward pillars through which the community can participate grow MagicSea on IOTA EVM and earn!
1. Liquidity Bootstrap (via MagicSea DEX)
The Liquidity Bootstrap phase is dedicated to building a strong foundation of liquidity on MagicSea. Here's how you can participate:
Provide Liquidity in V2 Pools and Farm with us: MagicSea is starting with a Farm Frenzy! Provide Liquidity to earn those juicy rewards! The earlier you join the higher the rewards are. 🌐 MagicSea DEX | Simple V2 Farms
Provide concentrated Liquidity Book positions and join the competition: The LeaderBoard on MagicSea ranks the best performing concentrated LB positions in terms of fee revenue! The more fees you earn with your position the higher you can climb on the LeaderBoard. The leaderboard always showcases the top 200 positions over the past 2 weeks. If your liquidity position is in the top 200, you will earn LUM rewards on top of the earned trading fees! 🌐 MagicSea DEX | LB Leaderboard
Rewards: ~275,000 LUM tokens distributed based on your liquidity contributions and performance of your concentrated liquidity. Rewards are distributed in 2 week epochs.
2. Trading Competition (via MagicSea Tide Campaign)
Showcase your trading skills and climb the ranks in our trading competition. Here's what you need to do:
Trade on MagicSea: Execute trades on MagicSea and accumulate points based on your trading volume.
Only trading pools that feature either IOTA or a stable-coins such as USDC give you points
The more trading volume you generate the higher is the amount of LUM rewards you earn.
🌐 MagicSea Tide Board 🌐 MagicSea DEX | Trade
Rewards: ~115,000 LUM tokens distributed to the top traders based on their performance during the competition. Rewards are distributed in 2 week epochs.
3. DEXPLORE (via MagicSea Zealy Campaign)
Get involved with MagicSea on social media and earn rewards for your participation. Here's how to join:
Engage on Social Media: Participate in challenges, share content, and engage with the MagicSea community on platforms like Twitter, Youtube, and more.
Earn Points: Complete social media tasks and earn points for your activity.
Rewards: ~10,000 LUM tokens distributed to participants based on their engagement and points earned. Rewards are distributed in 2 week epochs.
The weighting of the rewards for the three pillars can change over the course of the campaign. However, before each epoch the reward distribution will be clearly communicated.
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