On July 8th, we are introducing mPoints, a 16-week campaign where users can earn mPoints every week based on their organic trading activity on Perpl. At the end of the campaign, traders will receive a share of up to $1,000,000 in $MON rewards based on their total mPoints.
Rewards pool:
$500,000-$1,000,000 in MON
Total mPoints supply:
1,000,000
Weekly mPoints emissions:
50,000 mPoints
Duration
: 16 weeks
Rewards:
Distributed in
$MON at the end of the campaign
Rewards Pool
We’ve set aside a guaranteed base rewards pool of $500,000 for this campaign.
On top of this, we’re allocating up to an additional $500,000 (for a total of $1,000,000) that will be unlocked based on trading activity on Perpl.
These extra rewards will be released in $100,000 increments when the platform’s total OI-Adjusted ADV sustains the required level over any rolling 7-day period.
OI-Adjusted ADV is calculated as:
min(Avg Daily Volume, Time-weighted Avg Open Interest × 10)
Stronger, sustained organic trading activity = more rewards.
Rewards are not affected by volatility in the $MON price.
mPoints
A total of 1,000,000 mPoints will be distributed during the 16-week campaign. Your mPoints will directly determine your share of the up to $1,000,000 MON reward pool at the end of the campaign.
Out of the total 1,000,000 mPoints:
- 800,000 mPoints will be distributed through weekly trading rewards (50,000 mPoints per week × 16 weeks)
- 200,000 mPoints are reserved for other activities, including builder codes, tournaments, and bonus rewards for the active community.
mPoints are earned based on organic trading activity. Snapshots happen every Wednesday, and mPoints are distributed every Monday.
Key details:
- Total mPoints supply: 1,000,000
- Weekly trading allocation: 50,000 mPoints
- Other activations: 200,000 mPoints
- Snapshots: Every Wednesday
- Distribution: Every Monday
- Only organic activity counts toward mPoints
Claiming Your MON
After the 16-week campaign ends, users will be able to claim their share of the total unlocked MON reward pool based on their accumulated mPoints.
Growth Mode
Starting tomorrow, July 7th, we’re removing Access Codes. Everyone can now join Perpl and start trading.
Our current Referral Rewards system remains in place:
- Referrers earn 10% of revenue from their direct referrals and 5% from sub-referrals.
- Referrers earn extra points equal to 5% of their direct referrals' weekly Perpl Points.
- Referees receive a +5% Perpl Points boost.
To further encourage referrals we’re adding a permanent +5% mPoints boost both ways for the entire 16-week Purple Summer campaign. The mPoint boost will work similarly to the Perpl Points referral boost.
If you join without a referral code, don’t worry. We’ll soon launch a feature that lets you manually add one to your profile anytime.
Purple Summer
Purple Summer is a double points season for Perpl users. mPoints run alongside the existing Perpl Points system. And we are not done yet, more surprises are on the way.
It's time to accelerate and deliver on the original vision of decentralized finance.
The first true onchain CLOB, built on a general purpose EVM L1.
Perpl on Monad.
