Recap:
September 2nd marks the end of Season 2. Since its start, BSX trading volume has more than doubled to $4.3 billion, and our trader base has quadrupled to 14,000 users. We also announced the total 6.2M raise for pre-seed and seed round, led by Blockchain Capital with earlier investment from Base Ecosystem Fund. We are committed to build the core DeFi protocol for derivatives trading and beyond on top of Base.
During this period, the BSX protocol generated over $1 million in revenue and distributed 16 million points, despite challenging market conditions.
Enjoy the best trading experience on Base now!
BSX protocol achievements:
• Consistently ranked among the top 3 largest perpetual DEXs on Base.
• Launched BSX1000, attracting six times more users.
• Conducted over 20 incentivized campaigns and partnerships with Base meme projects, SEI community, quests on Galxe and DeBank, and multiple wallets including Coinbase, OKX, and Bitget.
Most importantly, BSX withstood multiple large-scale market corrections without significant loss of liquidity or adverse events affecting core exchange functionalities. Each stress event has helped build trust in the resilience of our protocol.
Summary for End of Season 2 and Introducing Season 3:
• Season 2 rewards ended on September 2nd.
• 16 million points were distributed as rewards for Season 2.
• Season 3 points will start accruing automatically on September 3rd.
• Unclaimed points will be re-allocated to loyal users who continue to participate in the BSX ecosystem via a bonus pool.
• Users who participated in Season 2 or Season 1 and continue with the BSX protocol will receive 10% boosted loyalty points in Season 3.
Season 3 of the Campaign:
• Season 3 will run for 2.5 months or 10 epochs, until November 5th, 2024, or until the TGE date.
• Season 3 rewards will be simplified as follows, and updated in the application shortly, but in summary:
• Trading on Classic mode and BSX1000 mode
Trading points: Participants can earn up to 1,000,000 points every epoch/week.
• Trading (75% points): All designated asset pairs are eligible for points. Bonus points may apply for new listings.
• Providing liquidity (20% points): Place a limit order and earn points when the order is filled. The larger the limit order, the more points earned.
• Contributing to Open Interest (5% points): Hold a position to earn points. The larger the position, the more points earned.
2. Weekly bonus points:
• Trade $100,000 or more each week and receive +10% bonus of that week (Max 5 times).
3. Bi-weekly competition (details to be announced on Discord).
In addition to trading, BSX users can accumulate points through future launches:
• NFT collection
• Mini games on Telegram and B3
• New product launches (spot trading, multi-collateral deposits, vaults, etc.)
Stay updated on these opportunities by following us on Twitter and joining our Telegram!
FAQ:
Why launch Season 3?
• We received an influx of new traders and want to provide more opportunities for traders to earn BSX points.
• The market environment is not yet ideal for the BSX token launch.
Are my points from Season 1 and Season 2 diluted because of this campaign?
• Absolutely not. 1 point in Season 1 and 2 equals 1 point in Season 3. We have increased the reward pool by 30% to accommodate the growing number of traders and volume during the pre-token rewards program.
What are the benefits for early users?
• Any user who participated in either of the last two campaigns will receive a 10% boost in points for Season 3, provided they continue to trade at least $1,000 in volume during Season 3.
Why are my estimated points changing?
• Estimated Rewards indicate the points you earn in the current epoch. The amount will change as more traders participate.
• Total Rewards indicate the cumulative airdrops you have earned in previous epochs.
If you are high-liquidity traders and ambassadors, DM us now to receive your exclusive welcome bonus!
Join our community to stay in the loop
Are you building on Base, managing trading groups, or want to write about BSX? Please reach out for collaboration: marketing@bsx.exchange
