# Voyage Point Program

#### **Overview**

The Voyage Point Program is a 32-week campaign designed to reward users for providing deep, passive liquidity and trading on Monday Trade. A fixed pool of **2,000,000** **Voyage Points** is distributed each week, with each epoch running from Monday 00:00 UTC to Sunday 23:59 UTC.

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#### **What are Voyage Points?**

Voyage Points are the measurement unit for your contribution to the Monday Trade ecosystem. Points are earned through a variety of trading and liquidity provision activities on both Spot and Perp markets. Your Voyage Points are calculated pro-rata based on your contribution to the total points pool each week.

**Note:**

* The total Voyage Points distributed each week is fixed at 2,000,000.
* Specific formulas and multipliers are proprietary and subject to adjustment.
* All point calculations are designed to ensure fair and balanced rewards.

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#### Voyage Points Calculation Framework

Your Voyage Points are calculated using this multi-factor model:

1. **Trading & Liquidity Provision in Spot** 

   Earn points through three primary actions:

   * **Limit Orders (Maker):** Earn points when your spot limit orders are filled.
   * **Liquidity Provision:** Supply to Spot AMM pools to earn points from accumulated fees.
   * **Market Orders (Taker):** Execute spot market orders to accumulate points.
   * **Market Multipliers:** Selected markets offer boosted point earnings. (See details below)
2. **Trading & Liquidity Provision in Perp**

   Earn points through four primary actions:

   * **Limit Orders - Filled (Maker):** Earn points when your perpetual limit orders are filled.
   * **Limit Orders - Resting:** Earn points by placing limit orders that remain on the orderbook within tight spreads from fair price. No trade execution required - orders earn points just by providing liquidity. Tighter spreads earn higher multipliers.
   * **Liquidity Provision:** Supply to Perp AMM pools to earn points from accumulated fees.
   * **Market Orders (Taker):** Execute perpetual market orders to accumulate points.
   * **Market Multipliers:** Selected pairs offer boosted point earnings. (See details below)
3. **Position (Only for Perps)** \
   Maintain open perp positions to unlock bonus multipliers on your Perp trading points. Bonus scales with position size and holding duration.
4. **Consistency** 

   Trade, provide liquidity, or maintain qualified resting orders for 7 consecutive days in a week to activate a bonus on your total points. Any of these activities count:

   * Any filled order (limit or market)
   * Adding liquidity (LP)
   * Any qualified resting order (≥3 seconds, within 40 bps of fair price)
5. **Referral**\
   Earn 20% of the Voyage Points generated by users you directly refer to Monday Trade.\
   Example: If a user you refer earns 1,000 Voyage Points from their trading, liquidity, and resting order activities in a week, you will receive 200 Voyage Points as your referral reward.

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#### Terms & Conditions

* The Voyage Point Program is open to users who complete registration. Participants in our dedicated Market Maker Program are ineligible. 
* The Voyage Point Program duration is tentatively set for 24 weeks, subject to change at Monday Trade's discretion.
* The weekly distribution of Voyage Points is capped. Your weekly Voyage Point is proportional to your contribution to the total points pool.
* All formulas and coefficients are proprietary and subject to change without notice.
* Only genuine trading and liquidity activities qualify; wash trading, market manipulation, and bulk-account registrations will be disqualified.
* Participants must comply with Monday Trade's Terms of Service.
* Monday Trade reserves the right to cancel, amend, or pause the program at any time.
* Monday Trade maintains final interpretation rights of these rules.

**Risk Warning:** Cryptocurrency trading involves substantial risk. All activities are undertaken at your own discretion. This information does not constitute financial advice. Monday Trade is not liable for any trading losses.