Maybe someone does not know about the opportunity of getting a lifetime ViteX trading fee discount -10% and extra multiplier for trading & market-making as mining! It’s grate benefits for all of us. Take it now!
ViteX invitation code: 858874466
@christea said in An Update to the Rules of Referring as Mining on ViteX:
To further optimize and incentivize our users, rules of Referring as Mining on ViteX have been modified.
Updates are as follows:
Referees will receive the following benefits:
Spend 1,000 VITE to generate an invitation code and become a qualified referee (1,000 VITE payment will be burned)
Receive a weighted 5% of invited users' Trading as Mining rewards
Receive a weighted 2.5% of invited users' Market-Making as Mining rewards
Invited users will receive the following benefits:
An extra 2.5% of occurred trading fees being counted towards Trading as Mining rewards calculation
An extra 1.25% being counted towards Market-Making as Mining rewards calculation
10% off total trading fees, including operator fee and base fee
Dec 19, 2019
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@christea said in [Ann]: Trading Pair TRTL/ETH Eligible for 5X MM as Mining Rewards:
Dear ViteX users:
Trading Pair TRTL/ETH will be enabled with market-making as mining starting 15:00 HKT (UTC+8), January 9.
A special mining event of receiving 5X MM VX rewards on TRTL/ETH trading pair will go live at 15:00 HKT on January 9th, and ends at 15:00 HKT on January 16.
Mining range for TRTL/ETH trading pair
The ratio of VX rewards from buys versus sells is capped. When the ratio hits the cap, if one continues to place buy orders, their VX rewards will NOT be increased.
The ratio of VX rewards from sells versus buys is also capped. When the ratio hits the cap, if one continues to place sell orders, their VX rewards will NOT be increased.
Suppose that the ETH market has only TRTL/ETH trading pair and all orders are placed for 24 hours, a total of 250 VX will be allocated as mining rewards. Consider five scenarios as follows:
The mining calculation is conducted as follows:
The Base Number of 1 user on one market in a day = the sum of all Base Numbers of every single order of that market. Here, the Base Number (m) is subject to three factors: the order time (T), the order amount (A), and the mining coefficient (y). That is, m = T * A * y (T ≥ 300 seconds)
The sum of the Base Number on one market in a day = the sum of the Base Numbers of all eligible orders on that day. That is, M = m1+ m2 + m3 + .....mn
Mined VX of 1 user = m / M * 2.5% * VX daily released amount on that day
January 8, 2020