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BSXP Summit Taker Program

The BSX Summit Taker Program, now enhanced with the introduction of BSXP (BSX XP), heralds an exciting new chapter for BSX. Below are the key details of the program:

Program Details

  • Start Date: January 27, 2025, 0:00:00 UTC (ongoing)

  • Epoch Duration: Each epoch spans 14 days.

  • Seeded Pool: The inaugural epoch is supported by a 1 million BSX reward pool.

  • Trading Rewards: Earn 1000 BSXP for every $1 in trading fees, directly linked to all your activities on BSX.

Deposit and Vault System

Starting in Epoch 2, users can earn BSXP by depositing and holding assets on BSX, which can be used as collateral for trading in vaults.

Snapshot System:

Random snapshots are taken throughout the day to confirm your holdings. On average, users can earn:

  • 1 BSXP/day for every $1 USDC held

  • 1.1 BSXP/day for every $1 ETH held

  • 1.15 BSXP/day for every $1 BTC held

Extra Points:

You can earn additional points by depositing partnered staked assets and stablecoins.

Referral Program

Earn 10% of referred fees in both points and cash through our streamlined single-level referral system. For VIP affiliates and partners/builders, higher-tier rewards (up to 60%) will be announced soon.

Reward Distribution

At the end of each epoch, traders' rewards will be calculated as follows:

Where R is the total rewards pool allocated for the epoch in $svBSX, and r represents the rewards allocated to a specific trader.

For example:

  • Epoch 1: 1 million BSX tokens are allocated.

  • Total gems earned by all traders: 1 million gems.

  • Trader A earns 1,000 gems during the epoch.

Trader A’s BSX rewards are calculated as:

Trader A’s BSX Rewards = (1,000 / 1,000,000) × 1,000,000 = 1,000 BSX tokens.

At the end of each epoch, your earned BSX tokens are automatically staked as $svBSX in your staking account, where they will accrue a 15% APR with a 14-day unlock period.

Maximize Your Rewards

In future epochs, we will introduce power multipliers for different user groups, such as NFT holders and VIP traders. We will also offer multipliers for new vault products and market liquidity, with rewards scaling up to a 5x multiplier.

Occasionally, BSX will distribute additional rewards and incentives through partner programs, boosting your earning potential.

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Last updated 3 months ago