🔵PriveX Points System Explained
PriveX introduces a rewarding points system to incentivize active and consistent trading. Here's a concise guide to understanding how it works and how to make the most of it.
Daily Points Distribution
Total Points Available Daily: 20,000 points
Distribution Frequency: Every 24 hours
Allocation Method: Proportional to each trader's effective trading volume relative to the total effective volume of all traders
Point Calculation Formula:
Boosting Your Effective Trading Volume
Your Effective Trading Volume is your base trading volume enhanced by applicable boosts. There are three main ways to increase it:
1. Referred Traders (Using a Referral Code): If you sign up with a referral code, you receive a 15% bonus on top of your regular Trade & Earn rewards. More trading = more rewards.
2. Consecutive Trading Bonus
Boost Mechanism: Earn an additional 5% boost for each consecutive day you trade at least $1,000, up to a maximum of 35% after 8 days
Reset Condition: Failing to meet the daily minimum resets the bonus to 0%
Cumulative Boost Schedule:
Consecutive Days Traded
Total Boost
1
0%
2
5%
3
10%
4
15%
5
20%
6
25%
7
30%
8+
35% (Max)
3. Affiliates (Referring New Traders) If you refer a trader, you earn 25% of their reward as a referral bonus. The more they trade, the more you earn.
Calculating Your Effective Volume and Points
Effective Trading Volume:
Points Earned:
Quick Example
Your Base Volume: $10,000
Referral Boost: 15%
Consecutive Trading Bonus: 20%
Total Boost: 15% + 20% = 35%
Effective Volume:
Points Earned: Depends on total effective volume of all traders
Tips to Maximize Your Points
Activate Boosts Early:
Use a referral code during signup to secure the 15% boost permanently.
Begin consistent trading to start accumulating your consecutive trading bonus.
Maintain Consistency:
Trade at least $1,000 daily to build and maintain your consecutive trading bonus.
Aim to reach the maximum 35% bonus for optimal benefits.
Strategize Your Trading Volume:
Spread larger trades over multiple days to enhance your consecutive bonus.
Monitor the total trading volume to identify days when your trading has a greater impact.
Risk Management:
Balance your desire for higher volume with prudent risk management.
Stay informed about market conditions to make educated trading decisions.
Key Points to Remember
Consistency is Rewarded: Regular trading not only builds your bonus but also demonstrates a commitment that PriveX rewards.
Boosts are Additive: Combining the referral and consecutive trading boosts can significantly increase your effective volume.
Bonus Reset: Missing the daily minimum trading volume will reset your consecutive trading bonus, so plan accordingly.
Daily Distribution: Points are allocated every 24 hours, so timely trading can influence your earnings.
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