Trading Rewards: Trade, Stake and Earn $DTORO

The start of 2024 has a big announcement as we deployed the trading rewards smart contract. Now, every trader who has $DTORO staked can claim trading rewards and earn trading benefits. If you don't know how Trading Rewards works, we'll walk you through the process of claiming, staking, and verifying tokens in this article.

Understanding DexToro Trading Rewards

The DexToro trading rewards will enable us to offer the lowest trading fees in the industry.

Starting Epoch 11, DexToro has triggered the smart contract deployment of trading rewards. The process is described and detailed in our whitepaper. To become eligible, traders must stake their $DTORO on DexToro. Only then will they become eligible to earn and claim the rewards.

Nick, our CEO, provides a detailed overview of the entire process!

For our first allocation, DexToro has pooled the number of eligible wallets to receive Trading Rewards. 14 unique wallets have received $DTORO rewards as part of the rewards program for Epoch 11 and 12.

Trading rewards are only eligible to traders who complete two main tasks: they are staking $DTORO in their wallets when the new Epoch starts. They must also place trades (buy and sell orders on the account). When a new epoch starts, trading rewards become available every Thursday and are minted as part of our inflationary model.

Trading rewards account for 20% of the weekly emissions that start at 1,153,846.22 $DTORO in the first week. These provide a valuable cashback mechanism as traders are rewarded in $DTORO tokens, which can be exchanged on the open market.

Additional Utility

As long as the trader has $DTORO staked, trading fees are reduced by 50% or more depending on the amount staked, and this trading fee reduction is in the form of rebates (trading rewards).

This encourages traders to purchase $DTORO on the open market and stake (continuous demand for $DTORO, continuous buying pressure). If you trade with 6 figures, for example, the fees for 1 trade can be approximately $1,000 or more; just by staking $DTORO, this trader can reduce the trading fee by $500+ or more on this trade.

New opportunities with trading rewards

To understand Trading rewards, we must analyze what's required to be eligible. You need to use the exchange, but more importantly, you need to have $DTORO staked on Dextoro. By default, DTORO staking helps decrease trading fees. Our trading rewards formula adds extra weight to the amount of DTORO staked (0.7) vs. the trader's trading volume (0.3), benefiting traders and investors who hold and stake $DTORO.

Trading rewards are one of the utilities of the $DTORO token. They are allocated as a share of the total fees paid on DexToro. You can see the number of fees you've paid and your estimated rewards in the "Rewards'' section of DexToro.

How to Claim and Benefit from Trading Rewards

The rewards page has been updated to include your trading rewards allocation information in real time. We added a new widget at the bottom of the screen and the possibility to adjust the Epoch times.

You must sign in with your web3 wallet and click "Rewards." The page will show the Total Rewards Claimable, Fees Paid, and your share of the entire pool. You can claim tokens by selecting "Claim All" and signing the transaction in your wallet.

Claimed tokens are added in "Escrow" with a vesting period of 365 days. You can withdraw tokens and exchange them on the open market, but there is a 90% Early Vesting Fee, which decreases linearly for one year. You can also compound stake your rewards without any fees and help reduce your trading fees.

To become eligible for Trading Rewards, make sure to start staking before the start of the next Epoch.

Trading Rewards | DexToro Documentation

Stakers earn $DTORO trading rewards.

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