Xi Points
Last updated
Last updated
Users can earn Xi Points by transacting and doing specific actions in Xi.
The rewarded transactions are those that help grow the ecosystem, perfectly aligned with Xi’s growth objectives, while also fostering the creation of a loyal community. In short, Xi Points are distributed to users who actively trade on the platform, and are also used to reward our Partners in accordance with the .
Xi Points are redeemable for $XI tokens.
The conversion rate will be determined based on a designated airdrop pool (200M tokens). It’s similar to how projects like dYdX or Pi Network rewarded early users – Xi Points track one’s contributions and then convert to actual tokens once the token is live.
Some of the rewarded actions, but not limited to, are listed following.
Daily claim
20
Follow the platform on social media (per platform)
40
Every $50 in personally generated fees
150
Every $100 in fees generated by referrals
200
Even after the initial conversion, Xi Points might remain as a general loyalty point for ongoing campaigns. They could continuously be issued for referrals and trading, then on a seasonal basis be converted or used in specific reward shops (leaderboard prizes, merch, etc.).
Let's see a potential illustration of it next.
Daily login for 30 days
20
30
600
Followed 3 social media channels
40
3
120
Generated $500 in personal trading fees
150 (per $50)
10
1,500
Referred $1,000 in referral trading fees
200 (per $100)
10
2,000
Total
—
—
4,220
That totals 4,220 points.
Suppose 100M points were distributed in total among all users; this user has 0.00422 of the pool. If 50M $XI are allocated for point redemption, they’d get ~211,000 $XI. The exact numbers will vary, but it demonstrates how significant contributions can yield meaningful token ownership.