Binstep Points are a unique reward system designed to incentivize and reward users for their activities on the Binstep trading platform, which operates on Move-based blockchains. Every time users complete certain actions, such as executing trades or inviting others through the referral system, they earn Binstep Points.
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Binstep Points Breakdown by Blockchain:
- Movement Testnet:
- Points Earned: For each swap done on the Movement testnet, users earn 5 points per swap.
- This chain is the primary focus of Binstep, meaning the points here are more generous compared to others.
- Aptos Chain:
- Points Earned: Each swap on Aptos awards 1 point per swap.
- These points act as multipliers to boost the total points earned from the Movement testnet swaps.
- Sui Chain:
- Points Earned: Similar to Aptos, each swap on Sui also grants 1 point per swap.
- The points earned here also act as multipliers to increase the total points from Movement swaps.
How the Multiplier Works:
At the end of each 24-hour period, the points earned from Movement swaps are multiplied by the total points earned from either Aptos or Sui swaps.
- The more swaps you do on Aptos or Sui, the higher the multiplier for your Movement points, giving users the opportunity to boost their rewards.
Example:
Here’s an example to show how it works:
- A user completes 4 swaps on Movement:
- Points from Movement = 4 swaps x 5 points = 20 points.
- The same user also completes 2 swaps on Aptos (or Sui):
- Points from Aptos/Sui = 2 swaps x 1 point = 2 points.
- Total Points Earned: The Movement points are multiplied by the points from Aptos/Sui:
- 20 Movement points x 2 Aptos/Sui points = 40 points in total for that 24-hour cycle.
This means that by participating on multiple chains, users can increase their total points exponentially!
Important Note:
- No Daily Limit (For Now): There is no cap on the amount of points you can accumulate in a day. However, this rule might change in the future, so maximize your points while you can!