Everything you need to know about Trade Farming with Delta Exchange

Delta Exchange, the popular crypto derivatives exchange, recently announced its novel trade farming program, which will reward traders with $50 million in prizes. The program started on December 6 and will last through 2022. Traders using this platform can earn a piece of the overall reward pool simply by depositing assets and participating in Delta Exchange contracts.

Delta Exchange and the DETO token

Delta Exchange was founded in 2018 and offers BTC, ETH, SOL, ADA, BNB, XRP, LTC, and other cryptocurrencies derivatives such as futures and perpetual swaps, as well as options contracts for most altcoins. It also provides more straightforward spot trading. It is a derivatives trading exchange designed to serve both individual and institutional clients.

Delta’s goal is to make derivatives trading more accessible to both regular and institutional investors. Users can earn DETO rewards by staking or just trading on the platform aka trade farming, and the entire incentive system is based around its native coin – DETO, which is based on ERC-20 and powers the exchange’s economy.

DETO can be used to pay trading fees and margin trade on the exchange, in addition to settling financial items. The total supply of tokens is capped at 500 million. There are currently 140 million DETO in circulation, each worth $0.32. Your first DETO purchase can be made by purchasing it on Delta’s spot market or earning it as a reward through the platform’s numerous offerings. Read the whitepaper to learn more about the DETO token’s utility and tokenomics.

Trade Farming on Delta Exchange

A question that would likely come up when talking about trade farming is whether this concept is any similar to the wildly popular Yield Farming. However, both concepts are lucrative aspects of the crypto world. The main distinction between trade farming and crypto yield farming is that the former refers to receiving incentives for just trading cryptocurrencies and using a platform, whereas the latter refers to accruing interest for staking crypto assets. Both allow you to earn free cryptocurrency, but trade farming allows you to receive rewards for each successful transaction.

Delta Exchange is a well-known name in the cryptocurrency market. This crypto derivatives leader has proposed a $50 million trade farming initiative. Sounds like your golden opportunity to get a ton of free cryptocurrency in your pocket, doesn’t it? Let’s take a look at the details.

There is nothing specific you must do in order to be qualified for the trade farming program. All you need is an account on the platform and you can deposit money and start trading. Every trader who uses the exchange for any type of service is immediately enrolled in the program. The initiative began on December 6th and will run through 2022, and possibly beyond. The daily incentives will be calculated and dispersed up to a maximum of 100,000 DETO.

Here’s how the math behind award calculation works:

Your reward will be calculated by multiplying your trading costs by the daily reward pool (100k DETO) and dividing it by the total fees charged for all traders on the site. Here are some points about the reward system:

• Schedule – The day cycle for reward distribution will be 12 PM to 12 PM on consecutive days. The following day, at 8 a.m., the awards for the previous day will be distributed.

• Reward pool size – The total pool is $50 Million worth of DETO, with the daily pool being 100,000 tokens. The day’s undistributed awards will be returned to the reward pool. The maximum reward per trader is capped at 20% of the entire reward pool for the day. During the course of the program, traders earn prizes on a daily basis, however, there will be a vesting period of 180 days.

• Eligibility and reward collection – All traders, both verified and unverified, are eligible to receive rewards for using the platform. All types of trading will be accounted for in the reward pool. Bots and APIs are also eligible. To claim rewards, however, a trader must verify their account. This program only considers trading fees, so other fees such as liquidation fees will not be considered for the reward program.

Rewards earned will be accessible on the All Markets page and users can view the transaction logs to keep track of fees paid. Sign up on Delta Exchange and get started today to claim your share of the reward pool!