Introducing Terrace Points
Introducing Terrace points.
Points are meant to reward users who contribute to Terrace’s success. You can earn points by trading, referring friends, and improving the platform. To reward early users, multipliers are applied to point-earning actions, with the multiplier declining over time with each successive era.
Points are awarded as they are earned.
Full details on how you earn points are available below:
Trading
- 10 points per $1 notional volume traded
- 10 points per transaction
- Matching Bonus at Total Volume milestones (ex. $1,000, $50,000, $1M, etc.)
If you want this to be your laundromat....go for it.
Early Usage & Multipliers
- The first 1,000 Terrace users who trade at least $1,000 will receive a 50,000 point bonus
- The first 10,000 Terrace users who trade at least $1,000 notional volume will receive a 10,000 point bonus
Multipliers will be applied to points earned at the end of each era. Details on each era will be shared in the future. Multipliers can be seen below:
Welcome to Terrace - 5x
TBA - 4x
TBA - 3x
Margin Mania - 2x
Testnet - 1x
There is a material benefit to being early as points count towards multiple eras.
Growing Terrace & Referrals
A successful referral is defined as introducing a new user to Terrace who trades >= $1,000 on Terrace
- 10,000 points per successful referral
- 100,000 point bonus for every 10 successful referrals
Users will also receive 1,000 points for each verified positive social post about Terrace. Please note, social post rewards will be awarded on a monthly basis.
Improving Terrace
We rely on our community to build the best product possible. The more feedback we receive, the better Terrace will be.
- 1,000 points per successfully identified bug (awarded to first 10 finders)
- 1,000 points per piece of value-add feedback (subjective).
- Feedback can be provided via the discord, email, or by filing a support ticket
Happy hunting 🎁
Sincerely,
The Terrace Team
