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
INR 25,000 to 2,50,000
INR 2,50,000 to INR 5,00,000
INR 5,00,000 to INR 10,00,000
Greater than INR 10,00,000


  1. Trade volume is the sum of total trades done across all currency pairs in terms of INR for that given day
  2. Exchange rate to calculate the trade volume will be the exchange rate during the time of trade
  3. Day starts at 00:00:00 and ends at 23:59:59 IST
  4. Trades where trading fee is paid in MUD will not be counted towards the trading incentive
  5. Incentive for trading done on day 'T' will be deposited to the users MUD wallet by 'T+1'
  6. Only completed trades will be counted will taking a trade into account
  7. The above trade incentives are subject to change depending on availability of MUD tokens allocated for deposit incentives
  8. 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


Let us say that a user did the following trades

CurrencyTradeINR VolFee CurrencyFee %Fee Paid
BTC-INRBought 0.1 BTC for INR 5,00,00050,000INR0.15%INR 75
ETH -INRSold 4 ETH for INR 70,000
2,80,000INR0.25%INR 700
BTC-INRSold 0.3 BTC for INR 5,20,000
1,56,000MUD0.075%MUD 127
XRP-INRSold 3,000 XRP for INR 80
2,40,000INR0.15%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