OneSwap launched an incentive plan for project developers on November 30. According to this plan, issuers of the Token who have verified their identity by signature are entitled to 20% of the effective transaction fees in relevant markets as rewards on OneSwap. At the same time, OneSwap Agents can receive an additional 5% transaction fee by inviting project developers to settle in OneSwap.
How to Bind Tokens?
What Markets Provide Rewards?
All trading pairs that use the token as a non-pricing currency can be rewarded with transaction fees. For example, ABC developer can get rewards in the ABC/ETH market, but cannot in the ETH/ABC market.
According to OneSwap’s incentive plan, it is not a must for the project developer to create a market. If there has already been a market of a token on OneSwap, the project developer can still get the corresponding rewards after binding the token.
To prevent this incentive plan from being abused, only the transaction fees actually paid in transactions in the whitelist are considered valid. The whitelist contains tokens that are widely recognized by the market, which will be updated regularly. You can also apply for adding tokens to it by submitting a ticket.
How are Rewards Distributed?
The rewards will be settled in the form of OneSwap tokens. ONES/ONET rewards will be issued at 0:00 UTC every day, and allocated to [To-be-withdrawn Mining Earnings] on Mining page.
Take an example for illustration
Project developer AAA binds its token of TRX chain on OneSwap successfully.
Assuming that from 00:00 December 1 to 23:59 December 1, the effective transaction fee for all trading pairs with AAA as non-pricing currency during this period is 100 USD, then developer AAA can get 20 USD equivalent of ONET reward.