USERS WITH A MINIMUM TRADING VOLUME OF US$10 IS ELIGIBLE FOR THE INCENTIVE!
Through its Trading Incentives Program, GhostMarket will distribute 6.5 million GM tokens throughout the upcoming year. The initiative, which went live on July 13, 2022, is intended to distribute the GM token to the platform’s most active members. In addition, for those who used the NFT marketplace before July 18, 2022, or what GhostMarket regards as “OG Users,” an additional 1.8 million GM tokens will be given out.
The initial 8.3 million GM are a portion of a 50 million token pool that will also be dispersed through future trading initiatives and staking rewards.
Any wallet with a minimum trading volume of US $10 is eligible for the incentive payments under the initial rewards program. In addition, users will receive an extra 20% in rewards when they trade NFTs for other supported currencies using the GM token.
The following schedule governs the release of the tokens:
- 07/18/22 – 10/17/22: 3 million GM (33,333 tokens/day)
- 10/18/22 – 01/17/23: 2 million GM (22,222 tokens/day)
- 01/18/23 – 04/17/23: 1 million GM (11,111 tokens/day)
- 04/18/23 – 07/18/23: 500,000 GM (5,555 tokens/day)
Please note that each day’s distributions end at 11:59:59 pm (UTC).
All chains on the GhostMarket platform users have used to mint or trade NFTs are eligible for the incentive awards. The GM incentives, redeemable in the Platform’s Rewards section, will be awarded to each chain in proportion to the user’s activity on that chain.
The GM tokens’ intended uses include encouraging NFT collection, offering rewards for community moderation, exclusive NFT drops, and lower trade costs for token owners. GhostMarket plans to launch a staking program for the GM coins and complete offer programs for Neo N3 users in the future.