Certainly, cryptocurrencies have generated several innovative ways to make passive income, but what if we told you that you can now get paid simply by trading? Yes, you read that right. Delta Exchange, your favorite crypto derivatives exchange, has rolled out a new feature – the Trade Farming program. With a total reward pool of $50 million, you can now earn up to $100k DETO as daily rewards by trading across all trading products/contracts on Delta Exchange. Excited to learn more? Here’s everything you need to know.
An introduction to trade farming
Trade farming is a simple concept that allows you to earn significant rewards simply by trading. There’s often confusion between trade farming and yield farming. But the truth is, they’re both actually different. While trade farming rewards you for trading cryptocurrencies and utilizing a platform, yield farming allows you to earn interest by staking your crypto holdings. Although both trade farming and yield farming will enable you to earn free cryptocurrencies, trade farming goes a step further by rewarding you for each successful transaction.
Trade Farming on Delta!
The trade farming program on Delta Exchange began on December 6, 2021, and will run through 2022 and beyond. It is without a doubt an excellent opportunity for crypto derivatives traders to earn a lot of free cryptos.
A massive $50 million reward pool is all yours
The total reward pool of the Trade Farming program is $50 million, with the daily rewards calculated and distributed up to a maximum of 100,000 DETO – the utility token of Delta Exchange. DETO is an ERC-20 utility and rewards token that allows Delta Exchange users to participate in the platform’s numerous features, such as trade farming and yield farming. To get a share of the overall reward pool, all traders have to do is deposit their assets and participate in Delta Exchange contracts. It’s that simple.
Win rewards on the trading fees you pay
Rewards will be calculated on the basis of the commission or trading fee paid by the trader. LIquidation fee paid on the platform will not be counted towards reward calculation.
The formula for reward calculation is as follows:
YOUR REWARD = (FEES PAID BY YOU * DAILY REWARD POOL / TOTAL FEES PAID BY ALL QUALIFYING TRADERS)
Daily rewards to keep you going
The day cycle for calculating rewards begins at 12 PM UTC (Day n) and ends at 12 PM UTC (Day n+1), with rewards being distributed the next day at 8:00 AM UTC. While the rewards will be released on a daily basis, they will be subject to a 180-day vesting period. Although there is no restriction to how many times a trader may receive rewards, they should be informed that the maximum reward they can earn for the day is capped at 20% of the Total Reward pool.
Additionally, any unallocated rewards of the day will be returned to the Reward Pool.
Just trade to qualify
Both verified and unverified traders are eligible to win $DETO Rewards, but unverified traders will have to verify themselves in order to claim the rewards. Furthermore, all types of trading, including API and bots, will be considered for the reward pool.
Get Started with Delta Today
The Trade Farming program on Delta Exchange is every crypto trader’s dream come true. Certainly, there couldn’t be anything better than getting to win free cryptocurrency, right? So what are you waiting for? Bid adieu to the year with an excellent gift to yourself – the Trade Farming program. Click here to Sign Up for trading on Delta Exchange.