Mudrex is an honest exchange. We believe that users who do actions to improve the Mudrex platform should be duly rewarded for their actions.
Our high volume traders bring liquidity to the market. This liquidity helps in improving the quality of the platform. As a result high volume traders will get a multiple of their trading fees back at end of day in the form of MUD tokens. The more you trade, the more you get back!
| Daily Trade Volume | Trade incentive |
|---|---|
| Less than INR 25,000 | 0 |
| INR 25,000 to 2,50,000 | 50% |
| INR 2,50,000 to INR 5,00,000 | 100% |
| INR 5,00,000 to INR 10,00,000 | 110% |
| Greater than INR 10,00,000 | 120% |
Details:
- Trade volume is the sum of total trades done across all currency pairs in terms of INR for that given day
- Exchange rate to calculate the trade volume will be the exchange rate during the time of trade
- Day starts at 00:00:00 and ends at 23:59:59 IST
- Trades where trading fee is paid in MUD will not be counted towards the trading incentive
- Incentive for trading done on day 'T' will be deposited to the users MUD wallet by 'T+1'
- Only completed trades will be counted will taking a trade into account
- The above trade incentives are subject to change depending on availability of MUD tokens allocated for deposit incentives
- Mudrex team reserves the right to, without prejudice to any of its other rights, at anytime, without prior notice and from time to time withdraw/suspend/amend/cancel this incentive with or without any reason
Example:
Let us say that a user did the following trades
| Currency | Trade | INR Vol | Fee Currency | Fee % | Fee Paid |
|---|---|---|---|---|---|
| BTC-INR | Bought 0.1 BTC for INR 5,00,000 | 50,000 | INR | 0.15% | INR 75 |
| ETH -INR | Sold 4 ETH for INR 70,000 | 2,80,000 | INR | 0.25% | INR 700 |
| BTC-INR | Sold 0.3 BTC for INR 5,20,000 | 1,56,000 | MUD | 0.075% | MUD 127 |
| XRP-INR | Sold 3,000 XRP for INR 80 | 2,40,000 | INR | 0.15% | INR 360 |
Total INR volume traded = INR 7,26,000
Total INR volume traded where fees not paid in MUD = INR 5,70,000
Applicable trade Incentive =110%
MUD token given = (75+700+360)*110% = 1248 MUD