About Veax Points
Veax released its long-awaited testnet on January 31, 2023. We are proud to have such an engaging and supportive community. We want to work closely with our Veaxians to finetune our platform. To do this, we have launched the Veax Points system that rewards users for contributing to Veax’s development journey. Veax Points will also help bump up your chances of participating in the $VEAX airdrop campaign.
How Much Can I Earn?
We will be giving away USD 100,000 in $VEAX tokens
There will be 2 ways to earn $VEAX tokens.
- First Mover Pool — USD 50,000
Join the Points programme and be one of the first 10,000 users. This will ensure you earn a minimum of USD 5 in $VEAX tokens, airdropped as soon as we have the TGE (token generation event).
2. Builder Pool USD USD 50,000
Join the Points programme and start engaging in the different activities detailed below. The total amount is set to USD 50,000 and will be distributed according to the number of activities the testnet users engage in.
The formula for the calculation is as follows:
(USD 50,000 / Total # of Points all testers earned) X (Points per tester)
Let us give an example, say 10 users have each earned 100 Points each, making the total builder pool coming up to 1,000 Points. This mean that such user will have earned (USD 50,000/1,000) X 100= USD 5,000
How to earn Veax Points
You can earn Veax Points by performing certain actions or inviting others to Veax. Points will be linked to your Near wallet address and Twitter or Discord account.
Here is what you need to do.
1. Required: Fill out the form
Make sure you fill out this form to start earning Points. We will not be able to provide you with any Points if you do not fill it out. This is the only item needed for you to join the First Mover Pool.
2. Testnet Events (maximum awarded 1,000 points per day excluding bug reports)
The testnet app is ready for you guys to test out. You can earn Points with the following actions:
- Perform a swap = 100 points
- Add liquidity (standard pool) = 200 points
- Add liquidity (unique pool or unique fee level) = 300 points
- Close position = 100 points
- Harvest reward = 100 points
3. Quests
Visit this page to fulfill some quests outside of the testnet. The page will be updated regularly with new quests, so don’t hesitate to visit and re-visit it! One XP = One Point.
You can earn XP with some of the following quests already:
- Follow us on twitter = 20 XP
- Join our telegram = 20 XP
- Join us on Discord = 20 XP
4. Bug reporting
Discover bugs in the protocol and report them in the Veax Bug report. You will get 1,000 points for each unique bug report.
Why should I accumulate these points?
- You will get preference in Veax’s airdrop whitelist.
- You will be rewarded with special roles in Veax’s discord channel.
- You will be featured in our Honour Role, celebrating users who have contributed to building the Veax protocol.
There will be many more interesting rewards for point collectors. Stay tuned for more details.
But I don’t know how to use the testnet
We have created a detailed step-by-step guide here for users. You can also check the video walkthrough here.
Where do I go if I get stuck?
If you get stuck, our world-class support team will be happy to help you. You can reach out to them on Telegram and Discord.
- Telegram: https://t.me/veaxlabs
- Discord: https://discord.gg/F2pTpX5Wxu
About Veax
Veax is an advanced single-sided liquidity management DEX built natively on the NEAR blockchain with pioneering TradFi-empowered features. The platform is developed by Tacans Labs and has raised $1.2m in pre-seed funding from prominent investors, including Circle Ventures, Proximity Labs, and Outlier Ventures.
