Solana protocol Drift announces points reward program ahead of token launch | Headlines | News | CoinMarketCap

01/23/2024 22:24
Solana protocol Drift announces points reward program ahead of token launch | Headlines | News | CoinMarketCap

Drift Protocol, the largest perpetual futures trading platform based on the Solana blockchain, has announced a rewards program for users ahead of its …

Drift Protocol, the largest perpetual futures trading platform based on the Solana blockchain, has announced a rewards program for users ahead of its token launch.

The program, Drift Points, starts today and closes in March. Drift points will be given out weekly, with the first distribution scheduled for Feb. 2.

"There will be around 100 million Drift points issued per month," Cindy Leow, co-founder of Drift Protocol, told The Block. "These points will be allocated to users based on their pro-rated trading volume and other activities on Drift, such as market making and liquidity provision," Leow said.

The points program recognizes future activities. For those who have engaged with Drift before today, Leow said, "numerous checkpoints and snapshots" have already been taken to reward …

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