After our first successful trading incentive program, we are thrilled to announce the launch of a new program with the goal of bringing more users to CVI V4. As we just launched V4, this program offers an excellent chance for traders to engage with our platform and enjoy its advantages.
The GOVI DAO has received a generous contribution of 75,000 ARB tokens from the Arbitrum foundation. We will allocate a portion of these tokens as incentives for CVI traders, creating an exciting opportunity for them to earn rewards.
$ARB for CVI traders
We have devised an incentive structure featuring two simultaneous raffles, with a total prize pool of 4,500 ARB tokens, running from January 15th to February 28th. Let’s dive into the details:
First Raffle — 3 Prizes, totaling 3,000 ARB tokens
The first raffle will have three winners, each receiving the following prizes:
- 1,500 ARB tokens for the first-place winner
- 1,000 ARB tokens for the second-place winner
- 500 ARB tokens for the third-place winner
Second Raffle — 1 Prize, totaling 1,500 ARB tokens
The second raffle will have a single winner, chosen from the five wallets with the highest trading volumes. Each of these wallets has an equal chance to win the prize of 1,500 ARB tokens.
Determining Your Chance of Winning
Participants’ odds of winning will depend on their trading volume of CVI and UCVI. This approach ensures a fair distribution of rewards.
To strike a balance between favoring heavy traders and providing opportunities for all, we’ve implemented the following logic, based on a volumeScore calculation:
- If a trader’s volume is less than 10,000 USDC, their volumeScore equals their trading volume.
- If a trader’s volume exceeds 10,000 USDC, their volumeScore is calculated as follows: 10,000 + (user’s volume — 10,000) * 0.5.
Each trader’s chance of winning is determined by their volumeScore divided by the total volumeScore, ensuring that higher volumes contribute to better odds, with diminishing added chances for larger amounts.
Additional Guidelines
→ Only one prize will be awarded per wallet to ensure fair distribution.
→ To check your volume rank, please visit: https://cvi.finance/leaderboard
→ A minimum wallet volume of $500 is required to participate in the raffle. Wallets with volumes below $500 will not qualify.
→ This incentive program will run until the end of February, starting today, providing ample time for traders to participate and qualify for the raffles.
→ To discourage multi-wallet use, we will conduct a parallel raffle exclusively for the five wallets with the highest volume. In this separate raffle, all five wallets will have an equal chance to win the single prize of 1,000 ARB tokens.
We are confident that this incentive program will not only encourage more traders to explore CVI but also offer a fair and engaging opportunity for our existing community to be rewarded for their participation. The ARB tokens received from the Arbitrum foundation will play a crucial role in the growth and development of the CVI ecosystem.
Join the $ARB for CVI Traders program today and seize this exciting opportunity. Stay tuned for further updates and developments as we continue to enhance the CVI platform for all our valued traders.
Happy trading, and may luck be on your side in the raffles!
We would like to invite everyone to join our vibrant community on our social channels. If you have any questions, our team & community are always on stand-by and eager to assist.
Website: https://cvi.finance
GitBook: https://docs.cvi.finance/
Twitter: https://twitter.com/official_CVI
Telegram (group): https://t.me/cviofficial
Telegram (channel): https://t.me/cvichannel
Discord: https://discord.gg/yuDsy7SM2H
v3 Litepaper: https://cvi.finance/files/CVI.v3.Litepaper.pdf
Whitepaper: https://cvi.finance/cvi-white-paper.pdf
