Yes. You may switch from using Digital Markets to manage your distribution to a self-custody or a 3rd party custodian. This process is manual and may require up to 3 weeks to process and includes a $500 processing fee incurred by Gemini. You will have to withdraw any already vested Filecoin in your Digital Markets wallet after the transfer has been processed.
Please visit our Help Center if you wish to transfer your vesting actor.
Your vested Filecoin will be swept from the vesting actor to your Digital Markets wallet daily. This happens automatically and there are no actions required by you. This cadence may change over time depending on network conditions and costs. For the first 24-48 hours post-mainnet launch these sweeps will be performed approximately once every 5 hours. The minimum amount that will be swept each day will be 0.5 FIL.
If you are using a Gemini sub-account through Digital Markets Wallets, you have full functionality to store, withdraw, and deposit Filecoin through Digital Markets.co. You are not able to trade Filecoin on Digital Markets at this time. Once we have the appropriate licensure, we will give you the opportunity to switch from a Gemini sub-account to a full Digital Markets account.
There is no withdrawal fee for Filecoin; however, users must pay network fees to withdraw their Filecoin. This network fee is determined by Gemini Custody and may change from time to time. Please review /fees for the most up to date information on the current Filecoin Network fees.
If you live in a state or territory where we are yet to finalize our licensure, we have provided an alternate solution for Digital Markets wallets. If you chose to use Digital Markets Wallets, you will be provided a sub-account at Gemini. Once you complete the additional verification, your holdings will be accessible via your Digital Markets account. Upon mainnet launch, you will be able to deposit and withdraw your FIL holdings via Digital Markets but will not be able to trade on Digital Markets.
In order to get set up with a sub-account, you’ll need to go through Gemini’s verification process. Please follow these instructions:
-If you have a Gemini account associated with this email address, no action is required
-If you do not have a Gemini account, please set one up here: https://exchange.gemini.com/register
-If you have a Gemini account, but it’s under a different email address, please set up a new account using this email address at https://exchange.gemini.com/register
Please note that these tokens will be accessible through the Digital Markets site (and not through Gemini).
A vesting actor is a type of smart contract on the Filecoin blockchain. The vesting actor manages the release and vesting of your original Filecoin purchase. According to the vesting schedule in your SAFT, Filecoin will be released and can be transferred from the vesting actor. Vesting occurs on a block by block basis.
Digital Markets Pro’s chart supports multiple timeframes, allowing you to easily view market data across different periods of time.
To change timeframes, click the periodicity dropdown and select the desired period.
The following timeframes are currently supported:
Digital Markets Pro’s chart supports multiple charting styles, allowing you to visualize market data just the way you want.
To change the chart style, click the candle icon between the periodicity dropdown and the compare dropdown and select the desired style.
The following chart styles are currently supported:
Digital Markets Pro’s chart allows you to add a second product to a chart in order to conduct comparison analysis and explore the price relationship between two assets.
To add a second symbol to the chart, click on compare in the lower right of the chart area and select the desired asset that you wish to add for comparison.
The depth of the order book prices can be adjusted to increase or decrease the increments between price levels that are displayed.
To adjust the displayed price levels, click on the controls (- and +) in the lower right of the Order Book.
Digital Markets Pro’s orders module can be configured to view the information that is most important to you about your account orders.
To adjust the displayed columns, click on the settings button, select Manage Columns, choose the order data you would like to be displayed, and click Done.
Digital Markets Pro’s orders module can be easily reset to the default display if you have made changes that you would like to undo.
To reset the displayed columns, click on the settings button and select Reset Widget.
Your order size can be entered in two ways when using Order Entry to place an order:
When choosing either order size option, you will be able to reference the other value, which will automatically populate once you enter the desired contract quantity or notional value, before placing the order.
To select the desired order size method, click the dropdown menu in the quantity/notional value field.
Maximum order sizes can be rapidly determined with one-click in Order Entry, allowing you to quickly go “all-in” if a trading opportunity is presented.
To quickly size your order with the maximum buying or selling power in your account, simply click the max buy or max sell buttons, and the quantity or notional value will automatically populate with the largest order size possible for your account.
Order confirmations can be turned on and off in order to facilitate the trading experience that you want.
If the order confirmation is enabled, a window will be displayed after clicking the buy or sell button on Order Entry, which will show order information and either require the confirmation of the buy or sell action to actually submit the order or choosing to halt the order from being submitted by clicking Cancel or closing out of the order confirmation window.
If the order confirmation is disabled, one-click trading is activated and clicking the buy or sell button will submit your order without any additional pre-trade confirmation.
To enable or disable the order confirmation, click on Settings in Order Entry and either check to enable or uncheck to disable.
Open positions can be quickly closed and all working orders for a contract can be canceled when using Digital Markets Pro’s order book in trade mode.
To close an entire position and cancel all working orders for a particular contract, click on the manage dropdown and select Close Positions.
Note: This feature uses a single market order to close the position, which could impact the price at which the position is closed depending on market conditions and liquidity when the order is placed.
Open positions can be quickly closed and all working orders for a contract can be canceled directly from Digital Markets Pro’s positions module.
To close an entire position and cancel all working orders for a particular contract, click on the X next to the contract position you wish to close and select Close Positions.
Note: This feature uses a single market order to close the position, which could impact the price at which the position is closed depending on market conditions and liquidity when the order is placed.
Digital Markets Pro’s order book can be used to place trades and manage orders directly on the order book, allowing you to take trading action while you view market depth.
Order book trading includes:
All orders that are actively working in your account can be viewed in the orders module. This will include orders for all pairs you are trading as the default, which can be filtered to the currently selected asset to focus exclusively on one trading pair.
Digital Markets Pro’s “Orders” module shows your order history, including orders that have been filled, canceled, and rejected.
Digital Markets Pro’s orders module shows your filled orders in two different places: Fills shows you exclusively filled order activity and Order History shows fills along with other order activity.
Currently, Digital Markets Pro accepts BTC, ETH, ALGO, OXT, and USD on the exchange. Supported trading pairs include:
If you attempt to deposit anything but these coins to your Digital Markets wallet on the exchange, you will not receive it. Digital Markets is not responsible for any lost funds.
We plan to support additional cryptocurrencies in the future. If there are specific coins that you would like to be supported on Digital Markets Pro, please visit our Help Center and let us know.
In theory, a Maker is an order that adds liquidity to the order book and a Taker is an order that removes liquidity.
In practice, there are some edge cases on Digital Markets Pro that one should be aware of.
1. A market order is a taker unless:
2. A limit order is a maker unless:
In order to prevent prevent large slippage on the exchange, Digital Markets Pro employs price protections on its market and limit orders.
This is the maximum (buy market) and minimum (sell market) price that can be executed via a market order. If a market order has remaining unfilled quantity, it will effectively become a resting limit order at the maximum/minimum price.
This is the maximum buy limit and minimum sell limit price that can be submitted via a limit order. There is no minimum limit on a buy limit price or maximum limit on a sell limit price.
If an order is a Stop Limit Order, the Reference Price is the Stop Price, otherwise it is chosen in the following order:
1. Last Trade Price
2. Best bid if it is higher than, or best ask if it is lower than, the previous midpoint quote.
Digital Markets Pro supports several order types, including:
A market order is the most straightforward type of order. It executes immediately against the best price available. As long as there are willing buyers and sellers, market orders are filled.
A market sell will match the best available bids on the order book, and a market buy will match against the best available asks on the order book.
Market orders are often used when you need to prioritize speed over price, for example, when taking advantage of a fast-moving bull run. You'll use this order when you need your trade to execute immediately at the current best price available.
A limit order allows you to specify a price and amount you would like to buy or sell at.
Example: If the current market price is 8000 and you want to buy lower than that at 7900, then you would place a limit buy order at 7900. If the market reaches 7900 and a seller’s ask matches with your bid, your limit order will be executed at 7900.
Digital Markets Pro supports two kinds of triggerable orders: stops and take profits. These are orders that aren't added to the order book until some price threshold is reached.
A stop market or stop limit order is an instruction to add a market or limit order to the book once the trigger price has crossed the stop price. By default, the stop price indicates the mark price at which to trigger the stop, but stops may also be configured to trigger on last trade price or underlying index price rather than mark price.
Stop orders rest in the matching engine until the trigger price goes 'outside' the stop price:
Upon triggering, the stop order is converted to a regular market or limit order. This order becomes available for execution in the first auction following the one which triggered the stop. The order will incur the standard fees, as any order inserted at the time of the trigger would.
While it is untriggered, a stop order is invisible to other traders, and is not included in the book. Once it is triggered it becomes visible (as it is now a normal market or limit order).
Note that the time priority of the order is based on the time at which it was triggered, rather than the time at which the stop was last updated.
A stop market order may be specified with either a fixed or percentage trail value, which causes the stop price to be pegged to no more than a fixed offset away from the order's trigger price (which is a mark price, index price, or last trade price, depending on the order's specified trigger type).
When the trigger price moves away from the current stop price, the stop price is moved as well, thus the stop price trails the trigger price. (Note however that when the trigger price moves towards the current stop price, the stop price doesn't change, otherwise the order would never trigger.)
For example, on a stop market sell order, setting a $-100 trail value will have the effect of setting the stop price $100 below the trigger price. If the trigger price is $1000 at the time the order is entered, the stop price will be $900. If the trigger price moves up to $1050, the stop price will be updated to $950. If the trigger price then moves down to $990, the stop price will stay at $950, and if the trigger price keeps moving all the way down to $950, the order will be triggered, and will convert to a normal market sell.
In other words, the stop price of a stop sell order will move up along with the market, but is kept constant as the price falls towards the stop (and vice-versa for a stop buy order).
A take market or take limit order is the same as a stop market or limit order, but with the trigger directions reversed. That is:
The post-only order is a limit order that ensures the order will be added to the book and not match with a pre-existing order. If your order matches with a pre-existing order, your post-only limit order will be rejected.
The Post-Only Order ensures that you will receive the maker rebate, and not pay a taker fee. It prevents placing a limit buy order that matches against the sell side of the order book (and vice versa, for sell orders), which would normally result in taker fees.
Digital Markets Pro’s order book supports canceling working orders when in trade mode.
You can cancel individual working orders or cancel all working orders quickly in Digital Markets Pro’s order module. To cancel individual orders, simply click the trash can icon next to the order you wish to cancel.
Market orders refer to trades that are purchasing a given asset at the current market price (i.e. spot price) for the asset. You can place a market order by following these instructions:
In order to access Digital Markets Pro’s API, you will need to generate an API key and secret. API keys represent read, write, and/or fund transfer entitlements on a specific Digital Markets entity's trading account.
To get your unique API key, click on the dropdown menu in the upper right of the Digital Markets Pro platform, select API, and then click Create New Key.
Here is the direct link to Digital Markets Pro’s API documentation.
To access Digital Markets Pro's API documentation from the trading platform, click on the dropdown menu in the upper right of the platform, select API, and then click API Documentation.
Once you’ve provided that information, the last step is to set up 2FA for your account. We recommend using common 2FA applications like Google Authenticator, Duo, or using an Yubikey.
Digital Markets Pro allows you to choose between submitting orders with a single-click or receiving a notification containing your order details which must be affirmed in order to submit the order into the market.
To manage your order notification settings, click on the dropdown menu in the upper right of the platform, select Account Settings, choose My Preferences, and then enable or disable notifications by using the control next to “Display confirmation dialog before placing trades.”
Note: disabling order notifications will result in orders being submitted immediately into the market upon placement. Please exercise caution when utilizing one-click trading.
Digital Markets Pro allows you to control the amount of order status update messages that you receive.
To manage your order status updates, click on the dropdown menu in the upper right of the platform, select Account Settings, choose My Preferences, and then enable or disable notifications by using the control next to “Display notifications for order status updates.”
You can deposit any supported currency/asset into Digital Markets to fund your account. Once your funds are in your Digital Markets wallet, you will be able to immediately transfer them to Digital Markets Pro. There are no transaction fees when moving funds from your Digital Markets wallet to your Digital Markets Pro wallet.
You can withdraw any supported currency/asset out of Digital Markets to a wallet of your choice. There are no transaction fees when moving funds from your Digital Markets Pro wallet to your Digital Markets wallet.
Can I deposit dollars, euro, yen, or other currencies into my account?
Is there a fee to deposit funds in my account?
Where can I see a history of my deposit activity?
Your SSN is required under our KYC/AML policy, a process set by our banking provider. We verify US investor's social security number and birthdate against credit records then verify the investment signatory against OFAC and similar databases to flag prohibited or high risk persons and entities.
Digital Markets is discontinuing support for AngelList logins on Digital Markets. All legacy AngelList login users were assigned a Digital Markets account that is associated with their AngelList email. This account contains all of the Digital Markets account history associated with your AngelList login.
What do I need to do?
To login to your Digital Markets account, simply click “forgot password” on the Digital Marketslog in page to generate a new password.
The new password will be unique to your Digital Markets account and will not impact your AngelList account.
In order to access wallets and trading on Digital Markets, you may be required to submit additional KYC documentation and set up two-factor (2FA) authentication for your Digital Markets account.
Your AngelList 2FA will not carry over to your Digital Markets account. If you are experiencing issues with your 2FA, you may need to disable your 2FA and re-enable. You can find these settings under "Account" and "Security." If you continue to have issues, please submit a help request on our Help Center to have your 2FA reset.
If you have already completed these steps, then no further action is required beyond resetting your Digital Markets password.
In order to invest through Digital Markets, you need to pass identity verification and KYC/AML (Know Your Customer/Anti-Money Laundering) checks. These checks apply equally to U.S. and non-U.S. residents. In general, you will need to provide name, address, a selfie, and government-issued ID image.
You can learn more about KYC/AML here.
1. Promotion Period: The Promotion Period begins on June 18 10:00 UTC and ends July 2, 23:59 UTC. Following the completion of the Promotion Period, no further entries or trading activities will be considered.
2. Terms & eligibility:
3. How to enter:
Sign into your Digital Markets account
Purchase $100 worth of XZK (based on the value of the crypto asset(s) at the time the trade is accepted) on Digital Markets to earn one (1) entry into the sweepstakes.
4. Entry limit
There is a limit of twenty (20) entries per user throughout the Promotion Period. Entries received from any person who attempts to cancel and create a new account, or who attempts to create an additional account, during the Promotion Period will be disqualified. Any attempt by any Entrant to obtain more than the stated number of entries by using multiple/different email addresses or any other method will void that Entrant's entries and that entrant may be disqualified. Use of any automated system to participate is prohibited and will result in disqualification.
5. Random drawing: Twenty six (26) Potential Winners will be randomly drawn on or around July 16, 2024 from all eligible entries received. The random drawing will be conducted by Digital Markets, whose decisions are final and binding. The odds of winning a prize depend upon factors which include the number of eligible entries received.
6. Potential winner notification: Potential Winners will be contacted via email to the email address associated with their Digital Markets account. Rewards will be deposited to the Winners on or around July 16, 2024.
7. Prizes and prize restrictions:
Tier 1: One (1) winner will receive five thousand dollars ($5,000) in XZK. Total value of prize: $5,000
Tier 2: Five (5) winners will each receive two thousand dollars ($2,000) in XZK. Total value of prize: $10,00
Tier 3: Twenty (20) winners will each receive two hundred dollars and fifty ($250) in XZK. Total value of prize: $5,000
All prize values stated herein are in USD. Price of XZK prizes determined by Digital Markets’s set rate on a date and time selected by Digital Markets at its discretion prior to upload of prize to winner’s Digital Markets account. All winners who wish to sell the prize may do so by selling their XZK for any other asset available on Digital Markets.
1. What is BLD staking?
The Agoric Network is a proof-of-stake chain utilizing hardened javascript smart contracts to rapidly build and deploy DeFi apps. In a nutshell, the Agoric chain enables developers to create decentralized applications using assemblage JavaScript smart contracts. The Agoric network uses the BLD token for securing the network and for governance.
BLD token holders can stake their BLD to incentivize correct execution of transactions - in exchange for securing the network they are rewarded in BLD tokens.
2. How do I earn BLD staking rewards on Digital Markets?
To stake BLD on Digital Markets, deposit BLD into your Digital Markets Wallet and elect to stake them. Deposits can be made any time and begin to earn rewards approximately 24 hours (not guaranteed) after the beginning of the next rewards period. Withdrawal requests are processed at the end of the rewards period and the funds will be available in your Digital Markets Wallet after they are unbonded from the protocol. Your funds will remain locked in the staking account until your withdrawal request is completed.
3. How much are BLD staking rewards?
Users that deposit BLD into their Digital Markets Wallets will receive annual rewards of approximately 10.9% for (net of Digital Markets’s fee). Please note that Digital Markets does not guarantee any reward will accrue, and the amount of the reward is subject to change at any time. The estimated reward takes into account Digital Markets's fee.
4. What fees are charged for this staking service?
A 15% fee will be taken from your earned staking rewards. Your staked principal will not be affected by the fee.
5. Do I have to buy BLD on Digital Markets to earn staking rewards?
No. Users who have purchased BLD from other exchanges can deposit BLD into a Digital Markets Wallet and automatically enroll in the staking rewards program.
6. Who is eligible to earn BLD staking rewards on Digital Markets?
BLD staking is available in jurisdictions where BLD is available for trading. Not available in the US and Canada.
7. What are BLD staking rewards paid out in?
BLD rewards are paid out in the native version of the BLD token. When staking BLD tokens, you will continue to accrue BLD.
8. When will I receive my BLD staking rewards?
Your funds and rewards will remain locked in your Digital Markets Wallet until you unstake them. If you wish to withdraw locked tokens, your request will be processed and tokens unlocked at the end of the staking period. Tokens will be accessible in your Digital Markets Wallet after they are unbonded (unstaked) from the protocol (around 21 days).
9. Will my rewards be automatically re-staked?
Yes, your BLD staking rewards are automatically re-staked and will earn additional rewards until you choose to unstake and/or withdraw them.
10. Who are the BLD staking providers for Digital Markets?
Currently, BLD tokens held in Digital Markets Wallets are delegated to nodes operated by Figment.
11. Can I choose the nodes my BLD tokens are delegated to?
Digital Markets does not include the functionality to choose the staking provider to which your tokens are delegated (i.e. they are automatically delegated to Figment).
12. How do I opt out of BLD staking rewards?
You may choose to opt out of BLD staking at any time by submitting a withdrawal request. You may do so by going to the /staking page, selecting BLD, and clicking on “withdraw”. The request will be processed at the end of the current staking period.
Stake BLD » /staking
If you would like to opt-out of staking rewards for autostaked assets, follow the below steps.
1. Select Staking from within the navigation panel of your account.
2. Select the asset you would like to opt-out of.
3. Select “…” for more options.
4. Toggle “Auto stake assets” off.
1. What is T Staking?
The T token functions as a utility token for the Threshold network and a governance token for the Threshold DAO. Threshold is the product of a merger between NuCypher and The Keep Network, and allows smart contracts to access and manage private encrypted data. Its nodes can jointly decrypt data or transfer access to another party and act in response to smart contract calls - so the Threshold Network is a bridge between private data and public blockchains. Staking in the Threshold network ensures that Threshold nodes act honestly within the network.
2. How do I earn Threshold staking rewards on Digital Markets?
To stake T on Digital Markets, deposit T into your T staking account. Deposits can be made any time, though rewards will vary depending on when your T is staked, and may begin to earn rewards approximately 24 hours after the rewards period starts. Withdrawal requests are processed at the end of the staking period and will be available in your wallet after it is unbonded from the protocol. Your funds will remain locked in the staking account until your withdrawal request is completed. Users will not receive their staked tokens and earned rewards until the conclusion of the staking Interval.
To stake your NU assets, you will need to first convert your NU to T and then stake via the workflow outlined above. To convert your NU to T, visit /conversions, then select NU → T.
3. How much are Threshold staking rewards if I stake before May 30th?
The T network currently offers up to a 15.3% annual rate of return for users that have T deposited into their Digital Markets wallets and stake before May 30th. Please note that this return is not guaranteed and is subject to change. The estimated reward rate takes into account Digital Markets's fee. Please note that if you choose to stake your tokens during the Staking Interval, your tokens will continue to be staked until the launch of Threshold’s full suite of applications, which is estimated to go live on July 15th, 2022. You can learn more about this program here.
4. How much are Threshold staking rewards if I stake after May 30th?
The T network currently offers up to a 12.75% annual rate of return for users that have T deposited into their Digital Markets wallets and stake after May 30th if you are staking through Digital Markets. Please note that this return is not guaranteed and is subject to change. The estimated reward rate takes into account Digital Markets's fee (as detailed below).
5. What fees are charged for this staking service?
A 15% fee will be taken from your earned staking rewards, as calculated at the time in which you choose to unstake your T tokens from the Threshold Network . Your staked principal will not be affected by the fee.
6. Do I have to buy Threshold on Digital Markets to earn staking rewards?
No. Users who have procured their T through other means or trading venues are able to deposit their T into their Digital Markets Wallet and will be enrolled in the staking rewards program once they elect to stake. Additionally, holders of NU may convert their NU tokens to T on Digital Markets ’s platform to stake.
7. Who is eligible to earn T staking rewards on Digital Markets?
Anyone who is able to open a Digital Markets Wallet and deposit T into their account is eligible for T staking rewards on Digital Markets. If you participated in the NU token sale on Digital Markets and have converted your NU tokens to T, you are eligible to earn staking rewards for your tokens. Digital Markets Wallets are not available in all jurisdictions, please visit this page to see our list of approved jurisdictions.
8. What do users earn by staking Threshold?
Users who stake T will earn additional T tokens.
9. When will I receive my T staking rewards?
Your staked tokens and earned rewards will remain locked in your T staking account until you withdraw them following the expiration of the Staking Interval. If you wish to withdraw your staked tokens, your request will be processed at the end of the applicable staking period, and your funds will then be distributed to your Digital Markets account after they are unbonded from the protocol.
10. Will my staking rewards be automatically re-staked? Are T rewards compounding?
Your T staking rewards are automatically re-staked and will earn additional rewards until you choose to withdraw your T tokens. Rewards will vary depending on the staking period in which you are participating.
11. Who is the T staking provider for Digital Markets?
Currently, T tokens held in Digital Markets Wallets are delegated to P2P.
12. Can I choose who my T tokens are delegated to?
Digital Markets does not include the functionality to choose the staking provider to which your tokens are delegated (T tokens are automatically delegated to P2P). In order to choose a specific staking provider to which to delegate your tokens, you will need to transfer your T tokens to a wallet that you control yourself where you can then stake your T tokens. You can stake T tokens from a wallet that you control here.
Please note that Users do not need to stake to the Threshold Network through Digital Markets to earn rewards, and Users who stake directly through the Threshold Network may earn a higher reward rate.
13. How do I opt-out of T staking rewards?
You may choose to opt out of T staking at any time by submitting a withdrawal request. The request will be processed at the end of the Staking Interval or applicable staking period.
14. Can I still stake my NU tokens?
While you can’t stake your NU tokens on Digital Markets directly, you can convert your NU to T by visiting /conversions, then select NU → T. Digital Markets does not charge a fee for converting NU to T. Once your T tokens are available in your Digital Markets wallet, you can follow the steps here to stake your tokens
15. [For NuCypher Users only] Will my locked NU tokens be eligible to receive staking rewards?
Yes, if you hold locked NU tokens on Digital Markets, your tokens will be automatically staked and will begin to earn rewards on or around May 15th. Digital Markets will stake your NU tokens on your behalf, and you do not need to take any action to begin earning rewards. Users will exclusively earn T as a reward when staking NU.
Stake Threshold »
1. What is AXL staking?
Axelar is a proof-of-stake network that securely connects all blockchain ecosystems, applications, assets, and users to deliver Web3 interoperability. The AXL token is the utility token for the network, which supports security, decentralization, and ecosystem growth.
Axelar network security is based on delegated proof-of-stake. Axelar built permissionless technology that enables a path toward decentralization. AXL staking supports decentralization while allowing validators (and users who want to act as validators) to earn rewards.
2. What are the types of staking we offer for AXL and how do I participate?
We have two kinds of staking for AXL: vault and auto-staking To vault stake AXL on Digital Markets, deposit AXL into your Digital Markets Wallet and elect to stake them. Deposits can be made any time and begin to earn rewards approximately 24 hours (not guaranteed) after the beginning of the next rewards period. Withdrawal requests are processed at the end of the rewards period and the funds will be available in your Digital Markets Wallet after they are un-bonded from the protocol (7-14 days). Your funds will remain locked in the staking account until your withdrawal request is completed.
Auto-staking is only offered to clients who have their AXL locked on the platform. These users either took part in the AXL token sale or were early investors.
3. How much are AXL staking rewards?
You can find the most current staking reward amount on the Staking page (/staking) of your account. Please note that Digital Markets does not guarantee any reward will accrue, and the amount of the reward is subject to change at any time. The estimated reward takes into account Digital Markets’s fee.
4. Is my locked AXL auto-staked?
Yes, Digital Markets stakes your locked AXL with rewards distributed at the beginning of the month.
5. What fees are charged for this staking service?
A 15% fee will be taken from your earned staking rewards. Your staked principal will not be affected by the fee.
6. Do I have to buy AXL on Digital Markets to earn staking rewards?
No. Users who have purchased AXL from other exchanges can deposit AXL into a Digital Markets Wallet and automatically enroll in the staking rewards program.
7. Who is eligible to earn AXL staking rewards on Digital Markets?
AXL staking is available in jurisdictions where AXL is available for trading. Please visit this page to see our list of approved jurisdictions.
8. What are AXL staking rewards paid out in?
AXL rewards are paid out in the native version of the AXL token. When staking AXL tokens, you will continue to accrue AXL.
9. When will I receive my AXL staking rewards?
Your funds and rewards will remain locked in your Digital Markets Wallet until you unstake them. If you wish to withdraw staked tokens, your request will be processed at the end of the staking period. Tokens will be accessible in your Digital Markets Wallet after they are unbonded (unstaked) from the protocol (7-14 days).
10. Will my rewards be automatically re-staked? Are AXL rewards compounding?
Yes, your AXL staking rewards are automatically re-staked and will earn additional rewards until you choose to unstake and/or withdraw them.
11. Who are the AXL staking providers for Digital Markets?
Currently, AXL tokens held in Digital Markets Wallets are delegated to nodes operated by Everstake, Figment, BisonTrails, Forest Staking, and P2P Staking.
12. Can I choose the nodes my AXL tokens are delegated to?
Digital Markets does not include the functionality to choose the staking provider to which your tokens are delegated (i.e. they are automatically delegated to one of the providers listed above).
13. How do I opt out of AXL staking rewards?
You may choose to opt out of AXL staking at any time by submitting a withdrawal request. You may do so by going to the /staking page, selecting AXL, and clicking on “withdraw”. The request will be processed at the end of the current staking period.
14. Can I stake WAXL tokens?
No. Staking is only possible with the native AXL token. Digital Markets will convert any WAXL tokens to AXL tokens before staking them. After staking tokens, your rewards and principal will be available in your Digital Markets Wallet as native AXL. If you wish to convert the wrapped WAXL token back to the native AXL token, you can do so by going to Digital Markets.co/conversions, and selecting AXL → WAXL.
Note: We are currently unable to support staking deposits for the AXL and WAXL tokens in the same transaction. If you wish to stake your AXL and WAXL, you will need to submit a separate deposit request for each asset respectively.
Stake AXL » | Trade WAXL »
Digital Markets does not charge users for staking on Digital Markets, but we do take a commission fee on staking rewards paid out to our users. This commission may vary between assets. The reward rate displayed for the asset reflects this commission.
Some crypto networks, like Bitcoin, use a Proof of Work (PoW) consensus mechanism where miners validate transactions by solving difficult math problems, other networks use a consensus mechanism known as Proof of Stake (PoS). In PoW networks, miners maintain consensus and secure the network, while PoS networks rely on participants known as validators to perform the same work.
Validators confirm transactions and maintain consensus on the network to maintain the integrity and security of the blockchain they’re validating. To ensure that validators are acting honestly, PoS networks require validators to stake a minimum amount of tokens native to that network. This stake can be aggregated from many users, not just the validator, and essentially acts as a security deposit – if a validator is confirming invalid transactions, then validators will lose part of the capital they staked. As compensation for their work and for the opportunity cost of capital, validators earn network rewards for their work. These rewards can be shared among their community for users who have provided additional stake.
Most PoS networks have different and unique consensus mechanisms and economic models. We recommend conducting your own research on each network before participating in any staking program.
When you deposit or purchase a supported Proof-of-Stake (PoS) asset on Digital Markets, you may be eligible to receive staking rewards by having that asset in your Digital Markets wallet.
Once you deposit an eligible asset into your Digital Markets wallet, you are automatically opted into staking rewards. There is no action on your end required to participate, but you may opt-out of staking rewards at anytime from the Staking page > Select the asset > Select “…” for more options > Toggle “Auto stake assets” off.
Oasis ($ROSE) is a privacy-enabled, scalable blockchain built for decentralized finance and a responsible, user-owned data economy. Digital Markets partners with Bison Trails to provide ROSE staking services to users.
To stake ROSE on Digital Markets, deposit ROSE into your staking account. Deposits will begin to earn rewards after the reward period starts.
Withdrawal requests are processed at the end of each 4-week period and will be distributed to your wallet after it is unbonded from the protocol (2 weeks). Your funds and rewards will remain locked in the staking account until your withdrawals are completed. ROSE staking rewards are automatically re-staked and will earn additional rewards until you unlock them.
The Oasis Network currently offers up to 10.75% in rewards for users that have ROSE deposited into their Digital Markets wallets. Please note that this return is not guaranteed and is subject to change. The estimated reward takes into account Digital Markets's fee along with the percentage of tokens deposited that remain unstaked for liquidity purposes.
1. What is FLOW staking?
Flow is a Proof-of-stake based blockchain platform that rewards network participants for helping to secure the blockchain through staking. Digital Markets will facilitate staking for users, and Bison Trails will be acting as the delegated worker for FLOW staking on Digital Markets. Digital Markets users that stake their FLOW receive rewards for their contributions.
2. How do I earn staking rewards on Digital Markets?
To stake FLOW on Digital Markets, deposit FLOW into your FLOW staking account. Deposits can be made any time and begin to earn rewards approximately 7 days (not guaranteed) after the next rewards period. Withdrawal requests are processed at the end of the rewards period and will be available in your wallet after it is unbonded from the protocol (7-14 days). Your funds and rewards will remain locked in the staking account until your withdrawal request is completed.
3. How much are FLOW staking rewards?
The Flow network currently offers up to a 4% annual rate of return for users that have FLOW deposited into their Digital Markets wallets. Please note that this return is not guaranteed and is subject to change. The estimated rewards takes into account Digital Markets's fee along with the percentage of tokens deposited that remain unstaked for liquidity purposes.
4. When will I receive my FLOW staking rewards?
Your funds and rewards will remain locked in your FLOW staking account until you withdraw them.
5. Will my staking rewards be automatically re-staked? Are FLOW rewards compounding?
Yes, your FLOW staking rewards are automatically re-staked and will earn additional rewards until you unlock them. You are only able to trade or withdraw unlocked FLOW.
6. If I participated in the FLOW token sale and received FLOW rewards, will that FLOW be automatically deposited into my staking account?
If you participated in the FLOW token sale, and accrued staking rewards on your FLOW while it was locked up, those FLOW rewards will not be re-staked automatically. You need to visit /rewards and click on the “Deposit” button to commit the FLOW in your wallet into the staking account.
7. Do I have to buy my FLOW on Digital Markets to earn staking rewards?
No. You may deposit FLOW into your Digital Markets Wallet and lock your FLOW to begin earning staking rewards.
8. When will I be able to withdraw my FLOW staking rewards?
You can only withdraw or trade unlocked FLOW. Any FLOW that is currently being staked cannot be withdrawn or traded. You must initiate an unlock prior to the end of the staking rewards period. At the end of the reward period, unlocked FLOW will then be distributed to your FLOW wallet where you can trade or withdraw.
9. Who is eligible to earn FLOW staking rewards on Digital Markets?
With the exception of US and Canadian residents, anyone who is able to open up a wallet on Digital Markets and deposits FLOW into their account is eligible for FLOW staking rewards on Digital Markets. Digital Markets Wallets are not available in all jurisdictions, please visit this page to see our list of approved jurisdictions.
10. What are FLOW staking rewards paid out in?
FLOW staking rewards on Digital Markets are paid out in FLOW. You will not earn any additional fees in ETH or any other currency.
Eligible Digital Markets users who trade qualifying crypto during the promotion period (1.11.2021 - 1.31.2021) may be eligible to receive a bonus in ETH paid directly to your Digital Markets Wallet. To be eligible to participate in this promotion you must have participated in the NuCypher WorkLock on Digital Markets. Bonuses are calculated based on total traded volume in USD during the promotion period, and will be paid out as a flat payment based on the tiers outlined in the payout structure below:
For example, if a user trades between $20,000 and $49,999 on Digital Markets.co or Digital Markets Pro, they will earn an additional Tier 2 bonus of $50. Bonuses will be distributed within 7 days following the campaign period. There is a maximum of one bonus per user. Trading qualifications are dependent upon geographical and regulatory restrictions. Terms subject to change.
Eligibility:
In order to be eligible for the referral bonus, users must be in one of Digital Markets Market's approved jurisdictions. Please see Digital Markets.co/legal for more details on approved jurisdictions.
Additionally:
Period:
Bonuses will be assigned on a first-come, first-serve basis during the campaign period: January 11, 2021 (1.11.2021) and January 31, 2021 (1.31.2021).
Reward Distribution:
For each eligible user, Digital Markets will deposit ETH into that user’s Digital Markets Wallet subject to eligibility. Bonuses will be distributed 7 days following the campaign period. The exact amount of ETH will be calculated at the market price of ETH at the time of distribution. Bonuses may not be the exact dollar amount due to ether’s market price fluctuations.
Additional Terms & Conditions:
You agree to be bound by the preceding rules (these “Rules”) and the Digital Markets Terms and Conditions, found here, by participating in this Trading Bonus Program. Digital Markets Markets does not guarantee any payment pursuant to these Rules. Digital Markets Markets reserves the right to change these Rules or cancel this Trading Bonus Program at any time in its sole and absolute discretion. Digital Markets Markets also reserves the right to render a user ineligible for participation in this referral program should it hold, in its sole discretion, that the user has engaged in any fraudulent, deceptive, abusive or unlawful behavior, including but not limited to Prohibited Use or Prohibited Businesses as those terms are defined in the Terms of Service, found here.
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Casper (CSPR) Staking on Digital Markets
1. What is Casper (CSPR) staking?
Casper is a layer-one blockchain built for application development and scalability. It aims to support enterprise applications without compromising cost, decentralization, or security. Casper uses a Proof-of-Stake (PoS) consensus protocol called Highway to secure the network and verify transactions. Casper rewards network participants for helping secure the blockchain through staking. Digital Markets will facilitate staking for users, for which Digital Markets takes a 15% fee from staking rewards. Please note this fee is assessed only on the rewards earned and not your principal tokens. Digital Markets users that stake their CSPR receive rewards for their contributions.
2. How much are CSPR staking rewards?
The Casper network currently offers up to an 8% reward rate for users that have CSPR deposited into their Digital Markets wallets. Please note that this return is not guaranteed and is subject to change. The estimated reward takes into account Digital Markets's fee along with the percentage of tokens deposited.
3. How do I earn CSPR staking rewards on Digital Markets?
There are two ways to earn rewards while staking CSPR on Digital Markets.
Vault Staking
Here you must lock CSPR tokens for staking. Locking can be done at any time and you will begin to earn rewards at the start of the next staking period. The staking period lasts 1 month. If you do not unlock your tokens by the end of the staking period, your CSPR, your initial CSPR deposit and CSPR rewards will be re-staked automatically for the next rewards period.
Auto-Staking
Here all you have to do is hold your CSPR on Digital Markets and you will start earning rewards. Rewards for auto-staking will be distributed at the end of each month.
4. When will I receive my CSPR staking rewards?
Your rewards will be credited to your account on a monthly basis.
5. Will my staking rewards be re-staked automatically? Do CSPR rewards compound?
Yes, CSPR staking rewards are re-staked automatically and will continue to earn rewards until you unlock them (Vault Staking) or withdraw the CSPR you are holding on Digital Markets (auto-staking). CSPR rewards compound daily, but are only distributed monthly.
6. Do I have to buy my CSPR on Digital Markets to earn staking rewards?
No. You may deposit CSPR into your Digital Markets Wallet and lock your CSPR to earn staking rewards.
7. When will I be able to withdraw my CSPR staking rewards?
You can only withdraw or trade unlocked CSPR. Any CSPR that is being vault staked cannot be withdrawn or traded. You must initiate an unlock prior to the end of the staking rewards period. At the end of the reward period, unlocked CSPR will then be distributed to your CSPR wallet where you can trade or withdraw. Your request will be processed at the end of the staking period, and your original staked principal and accrued staking rewards will be distributed to your wallet after it is unbonded from the protocol (1-3 days).
8. Who is eligible to earn CSPR staking rewards on Digital Markets?
With the exception of US and Canadian residents, anyone who is able to open a wallet on Digital Markets and deposit CSPR into their account is eligible for CSPR staking rewards on Digital Markets. Digital Markets Wallets are not available in all jurisdictions, please visit this page to see our list of approved jurisdictions.
9. What are CSPR staking rewards paid out in?
CSPR staking rewards on Digital Markets are paid out in CSPR. You will not earn any additional rewards in ETH or any other digital asset or token.
1. What is MINA staking?
MINA is the native utility token for the Mina blockchain. Instead of using miners and a Proof-of-Work (PoW) consensus mechanism to verify transactions and maintain the integrity of the Mina blockchain, Mina uses a Proof-of-Stake consensus mechanism. This means that network participants are able to stake a certain amount of MINA for the right to honestly verify transactions on Mina and receive rewards for doing so. Additionally, MINA owners are able to lock their tokens and vote for these network participants, known as validators. MINA holders that lock and vote their tokens receive additional MINA as a reward for voting for honest and active validators on the network. Digital Markets manages the locking and voting for users who deposit MINA into their Digital Markets wallet so they can passively receive additional MINA.
2. How do I earn MINA staking rewards on Digital Markets?
When you deposit or purchase MINA on Digital Markets, you may be eligible to receive staking rewards by keeping MINA in your Digital Markets Wallet. Once you deposit MINA into your Digital Markets Wallet, you are automatically opted into staking rewards. There is no action on your end required to participate. Please note that MINA held on Digital Markets Pro do not earn staking rewards.
3. How much are MINA staking rewards?
The MINA network currently has an estimated 16% in rewards for users that have MINA deposited into their Digital Markets wallets. Please note that this return is not guaranteed and is subject to change. The estimated reward takes into account Digital Markets's fee along with the percentage of tokens deposited that remain unstaked for liquidity purposes.
4. What fees are charged for this staking service?
A 15% fee will be taken from your earned staking rewards. Your staked principal will not be affected by the fee.
5. Do I have to buy my MINA on Digital Markets to earn staking rewards?
No. Users who have procured their MINA from other means or trading venues are able to deposit their MINA into their Digital Markets Wallet and automatically be enrolled in the staking rewards program.
6. Who is eligible to earn MINA staking rewards on Digital Markets?
Anyone who is able to open up a wallet on Digital Markets and deposit MINA into their account is eligible for MINA staking rewards on Digital Markets. Digital Markets Wallets are not available in all jurisdictions, please visit this page to see our list of approved jurisdictions. Not available for citizens and residents of the US and Canada.
7. What are MINA staking rewards paid out in?
MINA staking rewards on Digital Markets are paid out in MINA. This means you will accrue additional MINA by keeping your MINA in your Digital Markets wallet.
8. When will I receive my MINA staking rewards?
Once per month, Digital Markets will distribute rewards to users pro-rata of their average holdings over the month. We will notify you via email once your rewards have been distributed into your Digital Markets wallet.
9. Will my staking rewards be automatically re-staked? Are MINA rewards compounding?
Yes, your MINA staking rewards are automatically re-staked and earning additional rewards unless you withdraw or trade them. MINA rewards are compounding daily, but are only distributed once per month.
10. Who is the MINA staking provider for Digital Markets?
Currently, MINA tokens held in Digital Markets Wallets are delegated to Figment, a professional staking service.
11. Can I choose who my MINA tokens are delegated to?
Digital Markets does not include the functionality to choose to whom your tokens are delegated (i.e. they are automatically delegated to Figment). In order to choose who your tokens are delegated to, you will need to transfer your MINA tokens to a wallet that you control yourself.
12. How do I opt-out of MINA staking rewards?
You will automatically receive staking rewards by holding MINA in your Digital Markets Wallet. If you would like to opt-out of MINA staking rewards, go to the Staking page > Select MINA > Select “…” for more options > Toggle “Auto stake assets” off. Please note that if you opt out of staking, your earned staking rewards will be distributed at the end of the month along with the regular staking reward distributions. You will not receive your earned staking rewards early.
13. Have I been earning block rewards since the sale date?
Yes. The MINA tokens you purchased have been earning staking rewards since the sale. These accrued rewards will be paid into your Digital Markets Wallets on May 31 when your tokens unlock.
14. How do I earn “Supercharged Rewards”?
“Supercharged Rewards” are automatically enabled for the MINA tokens you purchased on Digital Markets. You do not need to take any action to activate these rewards. The staking rewards you will be paid on May 31 (and each month thereafter for the first 15 months after mainnet launch) include Supercharged Rewards. More information about Supercharged Rewards can be found here.
In general, once you complete an activity that earns you Karma (eg: enabling 2FA, making a trade, etc.), that activity should be taken into account by the Karma system within a few seconds. If you are still unable to claim Karma from that activity after 30 minutes, please open a customer support ticket here.
Tiers are updated hourly so the Tier you are placed in after claiming Karma may change quickly depending on how much Karma others have earned as well.
Remember, your Tier is determined by your Karma Score compared to other earners. The best way to keep your Tier and stay ahead, is to stay engaged and keep earning.
Your Karma Score compared to other Karma earners places you in one of five Tiers: Rust, Bronze, Silver, Gold, Platinum.
Each Tier has a certain percentile of users, with Rust Tier being the bottom 40% of earners, and Platinum Tier being the top 5% of earners.
For Token Launches: Every single participant is randomly selected, but your Tier adds weight to the random selection. The higher your Tier, the higher the chance you get selected, though allocations are never guaranteed. For example, in one of our 2024 Token Launches, users in the Platinum Tier had 3x the chance to secure an allocation versus users in the Rust Tier.
You can earn Karma from Events and Achievements.
Events are activities that you can earn Karma from over a specified period of time. The Karma you earned during that event only becomes claimable once the event ends. If you don’t claim your Karma within 7 days after the event ends, this unclaimed Karma will expire.
Achievements are one-time claims awarded upon completing specific activities on Digital Markets, such as your first deposit, first trade, first stake, and more. Once an achievement is awarded, the Karma for that achievement becomes claimable.
Any Karma that you claim does not expire. Only unclaimed Karma may expire after a specified period of time.
See all the Events and Achievements you can earn Karma from today by logging into your Karma page here.
Your Legacy Karma is all the Karma you earned from the legacy Karma system. You will need to claim your Legacy Karma in order to transfer it to the new system.
You can claim this Karma by logging in and going to the Karma page here. You will then see a claim available for "Legacy Karma" that has all the Karma you've earned from the legacy system. Simply claim and watch your Karma Score increase. Unclaimed Legacy Karma will expire May 15 at 23:59 UTC.
In case you're unable to claim, logging out of your Digital Markets account and logging back in should resolve the issue. If you still need further assistance, open a ticket with our support here.
Karma is a point system that rewards you for your activities on Digital Markets. Karma increases your chance of getting into Token Launches and exclusive offers when you contribute to crypto protocols. Earn for doing good for crypto!
Our Karma program continues to evolve and as it does, we will provide additional information. Digital Markets retains the right to modify the terms of the Karma program at any time.
What To Know
Different exchanges have varying policies for crypto transfers, which you should review before initiating any transactions. Prior to submitting a withdrawal from your Digital Markets wallet, it is important to confirm the receiving wallet address.
Fees
Digital Markets does not charge additional fees for depositing or withdrawing crypto.
However, for withdrawals, the respective blockchain will charge gas/fees to process your transaction onchain. Please note that these fees are not paid to Digital Markets or the custodian.
When withdrawing, after you click "Review", you will see the gas fee here:
The amount shown here is an estimate.
The actual network fee will vary and will be displayed in your withdrawal confirmation.
If withdrawal fees are increased during periods of high demand, this will be displayed above your withdrawal:
See our Fees and Limits page for more information: /fees.
Initiate a Crypto Withdrawal
I transferred funds to/from the incorrect address. What do I do now?
Once you have confirmed a deposit to or withdrawal from your Digital Markets account, the transaction is initiated and sent to the blockchain. After withdrawals are initiated, the funds are no longer on Digital Markets's platform. Due to the nature of blockchains, these funds cannot be reversed or recovered by Digital Markets.
Transactions in virtual currency may be irreversible, and, accordingly, losses due to fraudulent or accidental transactions may not be recoverable. Please review the additional risks associated with investing in and sending cryptocurrencies by reading Risks of Investing in Virtual Currencies.
Supported Networks
Digital Markets currently only supports select networks. It is important to research the network you are using before placing a transfer. To see what networks Digital Markets supports, read our Supported Networks article.
Why have I not received my withdrawal?
Visit our Status Page to check for any ongoing maintenance, delays and updates.
Is your withdrawal a large amount?
There may be a checkpoint in place to manually verify and approve your transaction if your withdrawal is beyond $10,000 USD. This is a security safety feature in place to ensure you are withdrawing to the correct address because once a withdrawal has left Digital Markets we are unable to recover funds.
This will be reviewed within 24 business hours.
Once a transaction has been pushed on-chain you will receive your Transaction Hash. Using this you will be able to track and monitor the transaction entering your nominated receiving address.
Each transfer will require a number of “confirmations” before the receiving address confirms the transfer as successful.
This may vary depending on the receiving wallet and token/blockchain used.
For example, on average;
Where can I see the confirmations?
If you’re continuing to have issues or have any questions, please raise a support ticket here.
In general, a wallet is a program that enables users to send and receive digital currency and track their balances and transactions. They also store important security information: your public and private keys. There are several types of wallets: Hardware, Software, and Online. Hardware wallets store a user's private keys on a hardware device like a USB. Trezor and Ledger are popular hardware wallet brands. Software wallets run as an app on your phone or desktop. Online wallets run in the cloud and are accessible from any computer or smartphone in any location.
Digital Markets offers online wallets.
We also use the term "wallet" to describe your U.S. dollar account.
Yes! Digital Markets works with a number of highly vetted 3rd party custodians and wallet providers including Anchorage, Bitgo, Gemini Custody, Finoa, Copper, Coinbase Prime, and Fortress Trust to ensure the security of your assets.
Funds held in cold storage are covered under the insurance policies of our custodian partners. Please note, not all funds are held in cold storage at all times.
Yes.
For withdrawals, you should re-confirm the withdrawal address plus the network supported on both your 3rd party exchange wallet and Digital Markets prior to submitting a withdrawal. Exchanges have various policies for crypto deposits, and the sending addresses don't always match the receiving addresses. We recommend you designate a return address for which you hold the private keys. Digital Markets is not responsible for transfers being appropriately credited to your account at a 3rd party exchange. We advise you to double-check the warnings on both the exchange you are sending from and Digital Markets before making these transfers.
In the meantime, you can find our supported assets and blockchains here.
You can deposit any supported assets into your Digital Markets account by following the steps below:
You can find our supported assets and blockchains here. Make sure you are researching and familiar with the addresses you are using to deposit any cryptocurrency.
As of March 29, 2023, we have paused support for USD ACH Transfers and Wires for this transition period. Withdrawals via wire transfer have been disabled. Deposits are unavailable for now, as well as ACH Transfers.
Bitcoin transactions have hundreds to thousands of confirmations from their networks to confirm that they are real transactions. Digital Markets waits for 6 confirmations to consider the transaction - this can take anywhere from thirty minutes to twelve hours. During periods of high network congestion, transactions can take longer.
Digital Markets is in the process of upgrading our systems and increasing the number of banking partners available through the platform. As of March 29, 2023, we have paused support for USD ACH Transfers and Wires for this transition period. Withdrawals via wire transfer have been disabled. Deposits are unavailable for now, as well as ACH Transfers.
For the duration of this transition:
Conversion fees for USD/USDC will be 0%
Trading fees for the USD/USDT pair will be 0%
You can find all USD updates here.
Digital Markets waits for 30 confirmations to consider an ETH or ERC-20 transaction final. Although typically this should only take about ~ 5 minutes, this can take anywhere from 5 minutes to 4 hours. Especially during periods of high network congestion, the transaction can take longer. You can see the number of confirmations in your Digital Markets wallet.
Our Conversion function allows you to wrap/unwrap various assets. To unwrap your assets, follow the steps below:
Here are the assets we support for conversions: FIL -> EFIL, EFIL -> FIL, USDC->USD, USD->USDC, BTC->WBTC, WBTC->BTC, TBTC ->BTC, NU ->T, AXL ->WAXL, WAXL ->AXL, CFG -> WCFG, WCFG ->CFG
Depending on when you signed up for Digital Markets, you may need to complete additional compliance in order to use wallets and trading. You can complete your registration at /wallets/new. New users should automatically have access to wallets and trading, subject to additional jurisdiction restrictions.
To obtain WBTC, you first need to have BTC in your Digital Markets wallet. You can either directly deposit BTC in your wallet or you can buy BTC through Digital Markets. Once your wallet is funded with BTC:
BTC will be debited from your BTC wallet and you will receive WBTC in your WBTC wallet.
Please note that you will have two different wallets. You will not receive WBTC into your BTC wallet.
When you're logged in, click on Trade in the left navigation.
Once you see the trading screen. You will then be prompted to enter an amount of a specific cryptocurrency you wish to buy or sell. Once you have set the amount, you can preview the order.
After selecting “preview order”, you will be presented with the price for your order. You will have 30 seconds to confirm the trade. If you do not confirm the trade within 30 seconds, you will be required to re-input your order. The price may change after the 30 second window. Once you confirm the order, the trade will be considered final and it will be executed, you will see the resulting balances in your applicable Digital Markets Wallets.
A Digital Markets affiliate manages its own pool of BTC and WBTC, so the process is usually immediate. When demand is high, it is possible that the pool temporarily runs out of BTC or WBTC. If that is the case, the wrapping or unwrapping service will pause until the pool is replenished.
You may choose to hold your funds to be automatically converted when the pool is replenished. This situation is usually addressed within (6) to twenty-four (24) hours.
Wrapped Bitcoin (WBTC) is an ERC-20 token backed 1:1 by Bitcoin and held at Bitgo Trust, and the underlying holdings are verifiable here. WBTC brings the liquidity of Bitcoin to the Ethereum ecosystem.
Users can wrap and unwrap BTC seamlessly via their Digital Markets wallet.
To unwrap WBTC into BTC, you first need to have WBTC in your Digital Markets wallet. Once your wallet is funded with WBTC:
WBTC will be debited from your WBTC wallet and you will receive BTC in your BTC wallet.
Please note that you will have two different wallets. You will not receive BTC in your WBTC wallet.
Subject to regulatory restrictions, anyone can use wallets, and anyone can buy and sell cryptocurrencies. There is no accreditation requirement. Users must complete KYC and identity verification.
You can see a full list of supported jurisdictions here.
Digital Markets prides itself on offering compliant products and services. As part of our compliance program, we determine which users are able to access information about our offerings.
We have determined that, due to regulatory uncertainty or restrictions, users in your location are not able to access the page you were attempting to reach.
Foreign shell banks are non-U.S. banks without a physical presence in any country. A "foreign bank" is any bank organized under non-U.S. law or an agency, branch or office of a bank located outside the U.S. The term does not include an agent, agency, branch or office within the U.S. of a bank organized under foreign law.
KYC stands for Know Your Customer and encompasses certain procedures that we employ to positively identify that you are, who you say you are. We use a number of tools to confirm your identity and ensure your eligibility for the Digital Markets services. This process can take between 0-3 business days for individuals, and for entities and trusts this can take up a week.
You may be restricted from certain activities on the Digital Markets platform until you have completed identity verification.
A foreign financial institution is:
(1) a non-U.S. bank;
(2) any branch or office located outside the United States of a broker-dealer; futures commission merchant or introducing broker; or open-end mutual fund company;
(3) any other person organized under foreign law (other than a branch or office of such person in the United States) that, if it were located in the United States, would be a broker-dealer; futures commission merchant or introducing broker; or open-end mutual fund company; and
(4) any person organized under foreign law (other than a branch or office of such person in the United States) that is engaged in the business of and is readily identifiable as: (a) a currency dealer or exchanger; or (b) a money transmitter.
A “private banking” account is an account (or any combination of accounts) that requires a minimum aggregate deposit of $1,000,000, is established for one or more individuals and is assigned to or administered or managed by, in whole or in part, an officer, employee or agent of a financial institution acting as a liaison between the financial institution and the direct or beneficial owner of the account.
Digital Markets Markets, LLC is registered as a money services business with the Financial Crimes Enforcement Network (FinCEN), Registration Number 31000158383629. Digital Markets Markets, LLC is registered with the Nationwide Multistate Licensing System and Registry (NMLS), ID number 1785267.
Digital Markets Services, LLC is a technology services company that assists with the compliant purchase and sale of tokens and is not a licensed entity.
Digital Markets Lend, LLC is a proprietary cryptocurrency lender and is not a licensed entity.
Digital Markets also operates other entities. You can view the full list of entities and affiliates and their associated licenses at Digital Markets.co/legal
Digital Markets requires that you approve a new device before you can access your account.
To approve a device, start by logging into your account and entering your 6-digit authentication code. You will then be directed to a page informing you that Digital Markets has sent you an email. Access that email with the subject line “Approve your new device to log in” on the same device and browser. Click the Approve this device button in the email and you will be directed to your account.
This approval process must be started and completed on the same device, same browser, and at the same location.
It may take up to 10 minutes to receive this email. If you attempt to log in again, you may receive more than one email. Only the most recent new device approval email will be valid. If you do not receive the email, check your spam and other subfolders. You can whitelist emails from Digital Markets (team@Digital Markets.co) to prevent them from being flagged in the future.
You can watch the New Device Approval process here.
When you log into your Digital Markets account from a new device, you will be prompted to follow these steps.
Step 1
Log in to your Digital Markets account and enter your 6-digit authentication code.
Step 2
You will be directed to an “Approve new device” page informing you that Digital Markets has sent you an email.
Step 3
Access this email from the same device, browser, and location. Upon opening the email, click the “Approve this device” button at the bottom.
Step 4
You will be directed to your account where you are now logged in.
Troubleshooting Steps for the Digital Markets App
We currently recommend accessing your Digital Markets account through a web browser instead of the app. Nonetheless, if you are logging into the Digital Markets app using your phone or tablet, the “Approve this device” button in the email may open a browser instead of the Digital Markets app. This prevents the app from approving the device. Here are a few workarounds:
If that doesn't work, follow the steps below specific to your type of device.
For iOS, copy the link from the email you received and paste it into a new Safari browser.
For Android:
Additional Troubleshooting
If you did not receive the “New device approval” email, check your spam and other subfolders. You may whitelist emails from Digital Markets to prevent them from being flagged in the future.
After clicking the “Approve this device” button, wait at least 10 minutes to receive the approval email before clicking the button again. Only the most recent device approval email will be valid.
If you are having issues with device approval, do not create a new account. Attempting to create a second account is in violation of our Terms of Service. Any violation of the Terms of Service may result in an indefinite suspension of services and closure of a user's account.
If you're still having trouble approving a new device, please submit a support ticket.
If you have lost access to your 2FA device, you can use one of your account backup codes that you were asked to save after setting up two-factor authentication. If you no longer have access to these backup codes or have used all of them, please submit a support ticket.
Do not attempt to create a new account. Digital Markets does not accept duplicate accounts. If you create a duplicate account, it will be closed and you will have to proceed with a 2FA reset on your original account. Attempting to create a second account is in violation of our Terms of Service; Any violation of the Terms of Service may result in indefinite suspension of services and closure of a user's account.
What is Multi-Factor Authentication?
Digital Markets use Multi-Factor Authentication (MFA), also known as Two-Factor Authentication (2FA) for every account and most transactions, and we partner with top custodians like BitGo and Gemini Custody so your funds are safe. Funds held in cold storage are insured by our custodian partners' insurance policies. Best of all, crypto storage is free. We don’t charge any custody or wallet fees when using Digital Markets or the Digital Markets app.
How do I enable MFA?
In order to use Digital Markets wallets, you must set up device-based MFA. Digital Markets does not support SMS or phone-based MFA.
STEP 1
Download and install an authentication app for your phone or tablet. Some options:
STEP 2
Open the authentication app and follow the steps within the app for adding a new QR code. Scan the QR code image with your mobile device's camera and a new credential will be added to your authenticator app.
Make sure to save the security/backup codes in a safe place. In the event that you lose access to your MFA device, these codes can be used to regain access to your account. The backup codes are unique to each account owner.
STEP 3
Enter the six digit code where prompted and click the "Enable" button.
You are done! Now that MFA is enabled, you will need to enter a new 6-digit code generated by the authentication app every time you log in to your Digital Markets account.
What if I get an invalid code error?
If you receive an invalid error code when enabling MFA, check that your authentication app and your mobile device’s current time zone are synced. Also ensure that the computer or device you’re setting up your Digital Markets account on is also synced to the correct time zone. Refreshing your Digital Markets account may also resolve the issue.
If you are still experiencing issues, create a new profile by clicking the "+" again on your app and try to add the QR code again. Clearing your cache and cookies may also resolve the issue.
Security Page of Your Digital Markets Account
You can reach the Security page by selecting “Your Account” from the dashboard or by following this link: /accounts/security.
If you did not save your backup codes when they were first provided, you can access them through the Security page of your Digital Markets account. If you lose access to your MFA device, these one-time codes will allow you to regain access to your account.
What if I no longer have access to my MFA device or the backup codes?
If you no longer have access to your MFA device, you may be able to go through our automatic and fast-lane 2FA review process by selecting "Lost your 2FA code?" after logging in here: /login.
If you do not see this, please submit a support ticket here: https://Digital Markets.freshdesk.com/en/support/tickets/new for assistance and instructions. You will not be able to access your account until this process is complete.
If you have lost access to your MFA device, do not attempt to create a new account. Digital Markets does not accept duplicate accounts. If you create a duplicate account, it will be closed and you will have to proceed with a MFA reset on your original account.
Attempting to create a second account is in violation of our Terms of Service; Any violation of the Terms of Service may result in indefinite suspension of services and closure of a user's account.
Your FIL is being lent out to trusted Filecoin network participants that have successfully onboarded with Digital Markets. This includes, but is not limited to, Filecoin storage miners and liquidity providers.
All counterparties must pass KYC/AML and all loans issued are collateralized.
Here is the timeline for the 37th FIL Lending Program through Digital Markets:
April 12, 2023: Lending period opens
May 1, 2023, 9:00 am PST: Lending period deadline
May 1, 2023: Loan start date
October 28, 2023: Principal + interest distributed back into Digital Markets wallets unless terminated at an earlier date
Lending will be available on a first-come, first-serve basis. Earlier loans will be prioritized over later loans. Digital Markets may close the loan period early based on lender demand. Once your loan has started, you will not be able to access that FIL until loan maturity.
All users from Digital Markets's supported jurisdictions, except residents of Belarus and Venezuela.
Users from certain unsupported jurisdictions can still participate but it requires a manual process to execute the loan. For that reason, we require external FIL lenders to lend a minimum of $50k worth of FIL.
If you're in an unsupported jurisdiction and would like to participate, please email charlie@Digital Markets.co
In the 37th FIL Lending Program, participants have one option to lend their FIL:
Option 1: 180 day loan with no early termination
Filecoin lending on Digital Markets is a way for you to put your FIL to work by simply lending your FIL to Digital Markets. The Filecoin ecosystem is very young and many network participants are in need of FIL to supplement their working capital.
We are currently running the 35th FIL Lending Program through Digital Markets. Participants have one option to lend their FIL:
1. A 180-day loan with no early termination. Participants will earn a fixed 8.0% annualized rewards rate for 180 days – a net 3.95% return.
The 37th lending period opens April 12th and closes May 1st.
Participants who lend their FIL for will receive their principal + accumulated interest denominated in FIL back into their Digital Markets wallets at the end of the loan term.
The loan start date for all loans in the 37th lending program will be May 1st. Once all loans are deployed, you'll be able to track your loan with the loan dashboard in your Digital Markets Filecoin wallet.
Yes. You may switch from using Digital Markets to manage your distribution to a self-custody or a 3rd party custodian. This process is manual and may require up to 3 weeks to process and includes a $500 processing fee incurred by Gemini. You will have to withdraw any already vested Filecoin in your Digital Markets wallet after the transfer has been processed.
Please visit our Help Center if you wish to transfer your vesting actor.
Your vested Filecoin will be swept from the vesting actor to your Digital Markets wallet daily. This happens automatically and there are no actions required by you. This cadence may change over time depending on network conditions and costs. For the first 24-48 hours post-mainnet launch these sweeps will be performed approximately once every 5 hours. The minimum amount that will be swept each day will be 0.5 FIL.
If you are using a Gemini sub-account through Digital Markets Wallets, you have full functionality to store, withdraw, and deposit Filecoin through Digital Markets.co. You are not able to trade Filecoin on Digital Markets at this time. Once we have the appropriate licensure, we will give you the opportunity to switch from a Gemini sub-account to a full Digital Markets account.
There is no withdrawal fee for Filecoin; however, users must pay network fees to withdraw their Filecoin. This network fee is determined by Gemini Custody and may change from time to time. Please review /fees for the most up to date information on the current Filecoin Network fees.
If you live in a state or territory where we are yet to finalize our licensure, we have provided an alternate solution for Digital Markets wallets. If you chose to use Digital Markets Wallets, you will be provided a sub-account at Gemini. Once you complete the additional verification, your holdings will be accessible via your Digital Markets account. Upon mainnet launch, you will be able to deposit and withdraw your FIL holdings via Digital Markets but will not be able to trade on Digital Markets.
In order to get set up with a sub-account, you’ll need to go through Gemini’s verification process. Please follow these instructions:
-If you have a Gemini account associated with this email address, no action is required
-If you do not have a Gemini account, please set one up here: https://exchange.gemini.com/register
-If you have a Gemini account, but it’s under a different email address, please set up a new account using this email address at https://exchange.gemini.com/register
Please note that these tokens will be accessible through the Digital Markets site (and not through Gemini).
A vesting actor is a type of smart contract on the Filecoin blockchain. The vesting actor manages the release and vesting of your original Filecoin purchase. According to the vesting schedule in your SAFT, Filecoin will be released and can be transferred from the vesting actor. Vesting occurs on a block by block basis.
By default, tokens will go to into Digital Markets Wallets:
If you live in a state that we currently do not support, you can still use Digital Markets Wallets but we'll require some more information (more information here)
Users can also opt into leading custodians - if you are an existing customer of Anchorage, Coinbase Custody, or Gemini Custody, you can receive your FIL tokens directly into your account with one of those custodians.
Users can also self-custody (more information here)
We are currently licensed to operate our wallets and trading in many states. We are working on licensure for the following states and territories:
If you reside in one of the above states or territories, please see here for instructions on setting up an account with Gemini: /help/what-additional-information-do-i-need-to-provide-to-use-Digital Markets-wallets-through-a-gemini-subaccount
Your Filecoin will be held in your Digital Markets wallet. From there you will be able to transfer, trade, and deposit additional Filecoin vested Filecoin. Your balance of available (vested) Filecoin will be displayed alongside your unvested (unavailable) Filecoin held in your vesting actor.
Your Digital Markets wallet is built on Gemini Custody’s infrastructure. When you input a transaction, we pass this information to Gemini for execution.
There is no fee to store your Filecoin in your Digital Markets wallet.
In order to self-custody your FIL, please go to Digital Markets.co/filecoin and edit your custodian option under 'Distributing To'. You'll want to select Self-Custody. The easiest way to self-custody is to use the 'Glif and Ledger' option, which requires a Ledger hardware wallet. You'll see instructions on setting this up after selecting that option.
Detailed instructions on setting up your Ledger to receive FIL are here: https://paper.dropbox.com/doc/Self-Custodied-SAFT-Guide--A72a5~JLiLiNKPhdLQP3ZbNhAg-dHxZu59oAeSw03RrRpCrd
If you participated in Filecoin's 2017 offering, your FIL will vest linearly on a block-by-block basis starting at mainnet launch, for the duration of your vesting period. For example, if your vesting schedule is 12 months, you will receive FIL on a block-by-block basis and each day receive approximately 1/365 of your FIL .
Yes. The Filecoin network allows you to transfer the private keys of your vesting actor. Please contact your custody provider and visit our Help Center to start this process. There may be additional fees associated with this action.
If you are interested in assistance with the forms described above, TaxBit and Digital Markets have joined forces to streamline the process of generating Form 8949. TaxBit will automate the process and provide a single aggregated view of all your Digital Markets cryptocurrency transactions and balances in one place.
The completed forms including synced transactions will be available for download through TaxBit and can be used when filing your tax return. Built by CPAs, tax attorneys and developers, TaxBit calculates the cost basis and corresponding gains or losses on every transaction. A full-audit trail will be provided so that users, accountants, and auditors can drill down into any transaction to see exactly how the gain or loss was calculated. TaxBit will not file your tax return for you. Please consult with your tax advisor. Learn more about TaxBit.
Digital Markets does not provide tax advice and the information presented is not intended to be relied upon as advice concerning the appropriate treatment or possible tax consequences of any transaction. Please consult with your tax advisor. This article contains references to information obtained from third-party content providers (content hosted on sites unaffiliated with Digital Markets). As such, Digital Markets makes no representations whatsoever regarding any information obtained from third parties that may be referenced directly or indirectly in this article.
For U.S. taxpayers, the IRS requires companies that make certain types of payments to provide the recipient of such payments and the IRS with a 1099-MISC. This form provides information for a wide range of income payments such as crypto interest, referral bonuses, and other income.
The US tax form 1099-B provides transactional information detailing capital gains and losses from disposing of capital assets. At this time, cryptocurrency is classified and treated as property.
When you sell something for more than it cost you to acquire it, the profit is a capital gain and may be taxable. On the other hand, if you sell something for less than you paid for it, then you may have a capital loss and a reduction of your taxable capital gains or other income is possible.
Your Digital Markets Form 1099-B will detail each asset you sold throughout the year with Digital Markets and report your cost basis, when available, for the assets you bought and sold on the platform.
Understanding Form 1099-B and 8949
Digital Markets is on a mission to make cryptocurrency taxes as seamless as possible. Digital Markets provides all users that incurred a taxable disposition with a 1099-B, which itemizes all known taxable transactions. Similar to traditional equities, taxpayers are responsible for transposing the information on the 1099-B onto an IRS 8949. Digital Markets has partnered with TaxBit to automate and simplify the process of transposing your 1099-B onto your IRS 8949. Whether you only traded on Digital Markets, or you traded on multiple exchanges, completing your crypto taxes has never been easier.
This guide explains how to transpose your 1099-B onto your IRS 8949.
Digital Markets Was the Only Exchange I Traded On
If all of your assets were acquired and stored on Digital Markets’s platform then your 1099-B will be complete. The 1099-B provides you with all of your taxable events and can be directly transposed onto your IRS 8949 and filed. Digital Markets provides a courtesy copy of the IRS 8949 if all of a user’s acquisition information is known.
I Traded On Multiple Exchanges
If you acquired cryptocurrency on a third-party platform and transferred assets onto Digital Markets then your acquisition information may not be known. It is your responsibility to enter your acquisition information on IRS Form 8949 for assets that were acquired on another platform and were subsequently disposed of on Digital Markets. You will complete two IRS 8949’s. One that includes your known cost basis transactions and another for transactions that were missing cost basis.
Transpose Known Cost Basis Onto IRS Form 8949
The first step is to transpose transactions that have a known cost basis onto your IRS 8949. You will check box “A” for these transactions because cost basis information is known on Form 1099-B.
Transpose Missing Cost Basis Transactions on Seperate Form 8949
If a transaction is missing acquisition information then you will transpose the transactions onto a separate IRS 8949 tax form. You will check box “B” indicating that the acquisition occurred off platform and therefore was not reported on the 1099-B.
Methods to Completing IRS 8949
There are two methods to filling in missing cost basis information and completing your IRS 8949’s: 1) link your TaxBit account; or 2) manually enter the information.
(i) Link TaxBit Account (Recommended)
The easiest way to complete your IRS 8949 is to link your TaxBit account. TaxBit has a seamless integration with Digital Markets, as well as over a hundred other exchanges, allowing you to aggregate your trading activity across platforms. TaxBit automates the process of transposing your 1099-B onto an IRS 8949. Missing cost basis transactions that were acquired off of Digital Markets’s platform will automatically populate and your IRS 8949 tax forms can be downloaded from your account.
(ii) Manually Enter Information
You can also solve missing cost basis information by manually entering the information on your IRS 8949’s. When manually filling-in missing cost basis information it is important to keep detailed records to substantiate the information reported.
Conclusion
Digital Markets is committed to making crypto taxes as simple as possible. To automate the process, all Digital Markets users are eligible for 10% off of their TaxBit plan: https://taxbit.com/invite/Digital Markets/.
Disclaimer: Digital Markets does not provide tax advice and the information presented is not intended to be relied upon as advice concerning the appropriate treatment or possible tax consequences of any transaction. Please consult with your tax advisor. This article contains references to information obtained from third-party content providers (content hosted on sites unaffiliated with Digital Markets). As such, Digital Markets makes no representations whatsoever regarding any information obtained from third parties that may be referenced directly or indirectly in this article.
Digital Markets will also provide you with a Form 1099-B. This form reports to you all taxable cryptocurrency transactions (for example, sell for fiat or crypto-for-crypto trade) and corresponding proceeds, cost basis where available, and resulting gain/(loss) information for each taxable transaction. More information on cryptocurrency transactions can be found here.
Log into your Digital Markets account, navigate to Account > Tax Documents > Click the link to download your document(s).
If you do not have any documents available you will see the following message: "There are no tax documents available from Digital Markets at this time. If you are a U.S. person or entity, we will notify you via email if and when additional documents become available".
Digital Markets takes maintaining the security of user information seriously and stores all user data in secure servers. Information is protected with multiple layers of controls. Digital Markets utilizes a multi-layered security approach leveraging industry standard security controls such as minimal privilege access design, encryption of data at risk, BCrypt password hashing for user credentials and MFA support, internal use of multi-factor authentication, employee background checks and more.
Please note that as of April 20, 2023 Digital Markets only allows users to select one of their linked wallets during the Nomad Recovery registration flow. While you may link multiple wallets to your Digital Markets account, only one will be considered by the Nomad team. As a result, please make sure to consolidate your madAssets into a single wallet address before linking.
Users who linked multiple wallets prior to April 20, 2023 will not be affected.
When you unlink your wallet, we remove your wallet address and any information related to it from our database. However, Digital Markets will create a hash using your wallet address in order to identify future multiple linking attempts for security reasons. Unlinked wallet addresses will also be removed from the on-chain Nomad allowlist.
Wallet Linking is a mechanism that allows you to connect your non-custodial wallet to your Digital Markets account. This gives Digital Markets permission to link your wallet address with your KYC verification status and will enable Nomad to allow affected users to access recovered funds in a compliant manner.
Yes, all users will be able to complete a KYC verification check irrespective of their residence, provided users are not associated with OFAC-sanctioned countries. Users who reside in unsupported jurisdictions will be able to access the Nomad Offering link, submit a KYC application, and link their wallet; however, they will not be able to access the Digital Markets platform (e.g., trading, deposits, staking, token sales).
If you reside in an unsupported jurisdiction and are having trouble completing KYC verification, submit a support ticket here.
If you have previously registered with Digital Markets and submitted a KYC application on our platform, please use your existing account to register with Nomad. After navigating to the registration link, sign in with your Digital Markets and select your previously verified entity when prompted to - this will take you to the wallet linking step and there is no need to resubmit your information. Linking your KYC information to more than one Digital Markets account is against our policy.
Yes. You are required to successfully complete KYC and link/verify an eligible wallet address in order to be considered by Nomad for the recovery effort. If you are using an existing Digital Markets account and have already KYC-verified on our platform, there is no need to resubmit an application - you will be taken directly to the wallet linking step.
Following KYC verification, you will be prompted to link one or more of your Ethereum wallets using a Metamask or WalletConnect browser extension. The wallet address that you link MUST be the same address that you bridge assets back from (e.g., users with address "0x123...abc" on Evmos can only bridge back to "0x12...abc" on Ethereum - the sending wallet address and receiving wallet address must be the same).
Please note that Wallet Link does not currently support multisig/smart contract wallets. If you are a DAO or individual needing to link a multisig wallet to your KYC’d identity, please reach out to nomad-recovery@Digital Markets.co from your Digital Markets -associated email and we’ll be more than happy to assist.
Pursuant to section 19(3) and section 22(1) of the BVI Anti-Money Laundering and Terrorist Financing Code of Practice as amended, Digital Markets is required to screen users to ensure that no sanctioned individuals are transacting on the platform and identify politically exposed persons (PEPs) and individuals who have been connected to criminal activity. Pursuant to relevant regulations, Digital Markets is also required to conduct periodic AML/CFT/CPF reviews of our business relationships.
From time to time, Digital Markets is required to re-verify all users of the Digital Markets platform to confirm the following:
Digital Markets tallies up all Digital Markets voters’ decisions and submits everything in one single vote. Digital Markets’s supported Snapshot-based protocols use Snapshot’s weighted voting strategy to ensure Digital Markets’s single vote accurately reflects its users’ preferences.
Example: if 40% of Digital Markets users submit yes, 25% of Digital Markets users submit no, and 35% of Digital Markets users abstain, then Digital Markets will submit a single weighted vote that reflects 40% yes, 25% no, and 35% abstain.
No, Digital Markets will not participate in every governance proposal. Digital Markets reserves the right in its sole and absolute discretion to decide which proposals that it will make available through Digital Markets Governance.
1. Users’ votes may be diluted down proportionately on Digital Markets as Digital Markets doesn’t delegate all of its tokens for governance. As Digital Markets’s voting power is based on the amount of tokens delegated at the time of each proposal’s snapshot, if the amount of voting power that actively participates in a vote exceeds Digital Markets’s voting power, users’ votes may be diluted down proportionately.
Example: Assume 1 token amounts to 1 vote and Digital Markets delegates 100,000 tokens at the time of the snapshot, representing 100,000 votes.
If 1,000 Digital Markets users with 200 tokens each vote (representing 200,000 votes), Digital Markets’s vote will dilute each Digital Markets voters’ voting power by 50% as Digital Markets will only be able to submit 100,000 votes, rather than the 200,000 votes represented by those 200 tokens.
Digital Markets will do its best to ensure there are sufficient funds delegated and that this scenario is prevented as much as possible. Note that any tokens held on Digital Markets at the time of the snapshot will only be able to vote through Digital Markets, as the time to move the tokens to a wallet with the capacity for a direct vote will have passed when you make your voting selection through Digital Markets.
2. Digital Markets will submit its vote 12-24 hours before each proposal period ends. You will no longer be able to submit a vote once Digital Markets closes its internal vote and submits its vote on-chain. Thus, the Digital Markets voting period is slightly shorter than the on-chain voting period.
3. Other token holders will not be able to delegate their voting power to you if you vote through Digital Markets. Additionally, your wallet will not be associated with the vote.
Users who hold $50 worth of supported tokens in their Digital Markets Wallet at the time of the proposal’s governance snapshot will be able to participate. Please note that users in certain jurisdictions will not be able to hold supported tokens in their Digital Markets Wallet due to regulatory constraints. Additionally, user balances in Digital Markets Pro will not count towards their available voting balance at this time.
As Digital Markets’s voting power is based on the amount of tokens Digital Markets had delegated to governance at the time of each proposal’s snapshot time, if the amount of voting power that actively participates in a vote exceeds Digital Markets’s delegated voting power, users’ votes may be diluted down proportionately.
Example: Assume 1 token amounts to 1 vote and Digital Markets delegates 100,000 tokens at the time of the snapshot, representing 100,000 votes.
If 1,000 Digital Markets users with 200 tokens each vote (representing 200,000 votes), Digital Markets’s vote will dilute each Digital Markets voters’ voting power by 50% as Digital Markets will only be able to submit 100,000 votes, rather than the 200,000 votes.
Digital Markets will do its best to ensure there are sufficient funds delegated and that this scenario is prevented as much as possible. Note that any tokens held on Digital Markets at the time of the snapshot will only be able to vote through Digital Markets, as the time to move the tokens to a wallet with the capacity for a direct vote will have passed at the time you make your voting selection through Digital Markets.
On the flipside, in the event that Digital Markets users' voting power does not meet the Digital Markets’s delegated voting power, Digital Markets will allocate the excess voting power to abstain from such vote to ensure Digital Markets does not misrepresent users’ intentions or otherwise influence the vote results.
Example: Assume for a particular proposal that 1 $token amounts to 1 vote and Digital Markets delegates 100,000 tokens at the time of the snapshot, representing 100,000 votes.
If only 500 Digital Markets users with 100 tokens each vote (representing 50,000 votes), Digital Markets will abstain from the vote for 50,000 of the votes it had delegated to governance for the proposal so as to accurately reflect Digital Markets users’ preferences.
You can participate in each proposal’s governance during Digital Markets’s voting period for each proposal, as Digital Markets determines in its sole and absolute discretion. Digital Markets will publish proposals within approximately one hour of the proposal being published by the applicable protocol. Digital Markets will submit its vote 12-24 hours before each on-chain proposal voting period ends. You will no longer be able to submit a vote once Digital Markets closes its internal vote and submits its vote on-chain. Thus, the Digital Markets voting period is at least 12 hours shorter than the on-chain voting period.
No, as the governance snapshot is taken before the voting period, you can move your tokens during the voting period. Your voting power for the proposal remains constant during the voting period based on how many tokens you held at the time of the governance snapshot.
Participating in Digital Markets Governance earns eligible users Karma in two forms:
See /help/how-is-karma-awarded for more details
You can participate in Snapshot governance on Digital Markets if you hold $50 worth of the supported tokens in your Digital Markets Wallet at the time of each proposal’s governance snapshot (start date/time of the proposal). Please note, your balances in Digital Markets Pro will not count towards your available voting balance at this time. There will be a snapshot for every proposal that determines your voting power for each proposal. To participate, go to Digital Markets.co/governance, select the proposal, and vote during the voting period.
1. Who is eligible for SUI Trading and Staking?
SUI trading and staking is prohibited for residents in the U.S. including all U.S. territories, Canada, and other unsupported jurisdictions.
2. When will staking for SUI on Digital Markets be available?
Digital Markets offers vault staking for SUI on day 1.
3. How does SUI Staking work?
To stake SUI on Digital Markets, deposit SUI into your Digital Markets Wallet and elect to stake them.
Deposits will begin to earn rewards after the start of the rewards period. Your staked SUI will be locked for thirty (30) days - and withdrawal requests are processed at the end of the rewards period. Your un-staked SUI will be available in your Digital Markets Wallet after they are un-bonded from the protocol. While stakers are currently able to immediately un-bond their tokens, an un-bonding period may eventually be introduced and is subject to change through governance. Your funds will remain locked until your withdrawal request is completed.
4. What fees are charged for this staking service?
Upon completion of the 1 month no-fee staking period, a 15% fee will be taken from your earned staking rewards. Your staked principal will not be affected by the fee.
5. Do I have to buy my SUI on Digital Markets to earn staking rewards?
No. Users who have purchased SUI from other exchanges can deposit SUI into a Digital Markets Wallet and enroll in the staking rewards program.
6. How much are SUI staking rewards?
Rewards are determined on the protocol level. You can see current staking rewards at /staking. The estimated reward takes into account Digital Markets’s fee.
7. Who is the SUI staking provider for Digital Markets?
SUI tokens held in Digital Markets Wallets are delegated to nodes operated by Everstake.
Stake SUI » /staking
To stake SUI on Digital Markets, deposit SUI into your Digital Markets Wallet and elect to stake them.
Deposits will begin to earn rewards after the start of the rewards period. Your staked SUI will be locked for thirty (30) days - and withdrawal requests are processed at the end of the rewards period. Your un-staked SUI will be available in your Digital Markets Wallet after they are un-bonded from the protocol. While stakers are currently able to immediately un-bond their tokens, an un-bonding period may eventually be introduced and is subject to change through governance. Your funds will remain locked until your withdrawal request is completed.
Digital Markets will be listing SUI, the native token of the Sui Blockchain, on Day 1 of the SUI launch. As part of the SUI Launch Program. Digital Markets will be offering 48 hours of free trading for all SUI pairs on Digital Markets Pro and 1 month of no-fee SUI staking to all registered Digital Markets users.
Koii’s Layer 1 leverages the core technology of Solana to build a hyper-scalable chain. K2, Koii’s blockchain, is one of the fastest chains globally, with the transaction speed of over 45,000 per second. What makes K2 unique is that the blockchain scales to include smaller devices such as laptops and mobile phones, which provide additional computation and storage. Apps built on Koii extend Smart Contracts with distributed computing capacity, reducing costs, and providing new utility for altcoins beyond traditional L1s.
200,000,000 KOII has been earmarked for early adopters who join the testnet. Each time your computer completes a task, you are compensated with rewards, which can be in the form of KOII tokens, stablecoins, or alt-coins. The value of the rewards you receive is directly related to the computational resources required by the selected task.
You have the autonomy to select the tasks you want to run on your computer. To ensure the safety of your computer, every task available has been thoroughly evaluated and approved by the Koii team. Additionally, each task has a detailed description that outlines the work involved and the rewards offered.
More information on rewards and additional bonus rewards available for participants can be found here.
CrossFi is a multi-asset adaptor protocol that enables cross-chain interoperability and provides liquidity to assets trapped on illiquid infrastructure. CrossFi Aims to democratize decentralized finance by allowing anyone to create a synthetic asset on the Ethereum blockchain that is a derivative of their assets on any other infrastructure when those assets are staked and collateralized through the CrossFi platform.
This program is to run in three phases with each phase focusing on a specific initiative across Validators, Developers, and Users.
The Cross Finance team maintains the right to change the duration of testnet phases at any time.
CrossFi has dedicated 4.88% (420,000,000 MPX) of the total token supply for the CrossFi Chain Testnet Program. Rewards are distributed based on the type of participant (validators, developers, users), and the relative performance of the participant in the system.
For additional information on the reward pool, see here.
For validators, participants are required to fill out an 11-question application to begin the process of being accepted into the testnet program. If participants are selected, they will have to complete the following steps:
For additional information on types of season passes and the reward pool, see here.
Eligibility requirements vary across the type of participant. Each participant type will require the XFI Console (native wallet) and Metamask. Certain participants will require to fill out relevant application forms. The number of participants are unlimited for Validators, Developers, and Users; though only the top 64 validators will receive rewards.
For additional information on the eligibility requirements, see here.
Certain jurisdictional limitations may apply (i.e. users must be non-U.S./Canada and OFAC compliant), as outlined here.
NuLink is a ZK Provable Data Privacy Solution revolutionizing the landscape of DApps. This cutting-edge platform empowers application developers with a comprehensive suite of security and privacy features. NuLink's unique approach to cryptographic technology integration, robust architecture, and user-centric design set it apart as a premier solution for privacy-preserving decentralized applications.
Phase 2 and 3 will both be approximately 2 months long, with a one week intermission between phases. Phase 2 is set to begin on February 8, 2024. The exact duration for each phase is subject to change at the sole discretion of NuLink. Please follow the NuLink social media for the latest updates.
NuLink Network has dedicated 0.5% (5,000,000 NLK) of the total token supply for the Horus 2.0 Testnet Program. Approximately 0.1% (1,000,000 NLK) will be utilized to reward experienced node runners, while the remaining 0.4% (4,000,000 NLK) is earmarked for rewarding non-technical participants. The detailed rules are outlined here. All the rewards will vest over 12 months after the TGE (Token Generation Event).
Disclaimer: Any staking activity taken before the announcement will not count toward the testnet program's reward pool. Any accounts that receive tokens from users who staked before the announcement will also not count toward the testnet program's reward pool. The NuLink team reserves the rights to make final determinations in the event of disputes, concerns, or suspected irregularities during the contest, ensuring fairness and upholding the integrity of the competition.
NuLink Staking Nodes Competition
Applicants are required to complete an application form for enrollment. A total of 1,000 staking nodes will be chosen based on the cumulative rewards accrued by each participant. There are ten reward levels in total, and your rank, determined by your cumulative rewards, will dictate your reward level. In essence, the higher your cumulative rewards, the higher your rank, leading to an increased reward level and more significant rewards.
NuLink Quest Competition: Engage & Earn!
Participate in a range of activities, including File Sharing DApp testing, NuLink Agent testing, and completing various social media quests. By actively engaging, you stand a chance to be among the top 10,000 participants. Check your points and rank on the leaderboard for the opportunity to earn rewards from the substantial pool of 4,000,000 NLK! Get ready for exciting challenges and rewarding experiences.
For additional information on either reward pool, see here.
Each testnet phase will last approximately 6-8 weeks, followed by a break of several weeks between subsequent phases.
The anticipated duration for the complete incentivized testnet operation is 6 months.
This schedule is subject to change as testnet progresses at the sole discretion of Ten. Once the Ten Foundation is established, it will take responsibility for decisions on the testnet schedule.
Phase 1:
Phase 2:
Phase 3:
Ten has allocated 22,500,000 TEN (2.25% of the total token supply) for community participants.
Performance-based rewards
For users - allocated rewards will be based on the completion of quests and their position on the leaderboard on the Galxe platform.
For developers - allocated rewards will be based on the quality of the idea (if not using one of the suggested ideas) and execution of the implementation of the dApp.
For node operators - the top 10% of nodes based on performance and uptime will receive the highest reward. The best performers in this group will receive a reward equivalent to at least the stake required to run a mainnet node and will be invited to participate in the mainnet first.
Participation-based rewards
All users who participate in quests will receive an amount of tokens regardless of whether all quests are completed. The size of token rewards will be determined upon the conclusion of the testnet campaign and will be distributed by the number of points participants have earned by participating in quests during the program. The number of points awarded is not the same for each quest and instead reflects the complexity of the tasks in the quest.
All node operators will be expected to have participated by running or attempting to run a node. The 20% of node operators who did not make the top 10% will receive a reward.
Planned allocation
Additional information
Capx is a decentralized peer-to-peer AI protocol aimed at establishing the most human centric AI infrastructure by decentralizing the AI data pipeline & distributing the AI data compute. Capx Protocol operates on a token-incentivised human network, utilizing the Capx Chain (currently in testnet) for proof generation, maintaining transparency across all data interactions, as well as enabling encryption and maintaining self-custody over personal & private data, being used to train LLM models.
Capx has dedicated 1.5% (15,000,000 CAPX) of the total token supply for the Capx Testnet Program. Rewards are distributed based on independent performance and relative position of the participant in the system. There are 3 deciding factors based on which the rewards will be distributed to participants including the number of UNITs earned and staked, their Capx Profile ID Mint Number, and the type of Season Pass.
For additional information on types of season passes and the reward pool, see here.
The only requirement to become a campaign participant is to mint a ‘Season Pass’. The Season pass is a soul-bound NFT that gives participants access to the incentivised testnet, as well as the associated rewards. Certain jurisdictional limitations may apply (i.e. users must be non-U.S./Canada and OFAC compliant), as outlined here.
The Control Protocol is a decentralized technology platform built to create a more interactive and rewarding ecosystem for sports fans. It aims to bridge the gap between sports and entertainment entities and their vibrant communities of fans, athletes, and content creators who traditionally have no input in the development of their favorite properties.
The Control Protocol has already been deployed with Fan Controlled Football and NASCAR, with golf launching very soon and a roadmap of global sports ahead including cricket, soccer, horse racing, basketball, baseball, and beyond.
A maximum of 5,000 users will be able to earn CTRL tokens by downloading the Control app and linking the Digital Markets claim code to their account. An additional maximum of 2,000 users can earn CTRL tokens by participating in picks & polls, and playing mini-games in-app.
Certain jurisdictional limitations apply (i.e. users must be non-U.S./Canada and OFAC compliant), as outlined here. Eligible recipients will be required to complete KYC verification on Digital Markets to qualify for rewards.
The first 5000 users who download the Control app and use the claim code will be eligible to earn 10,000 CTRL tokens. Bi-weekly rewards will be allocated to users who participate in the in-app picks and polls, and participate in the in-app mini-games. The top 500 users on the leaderboard at the end of each two-week period will be eligible to earn rewards. For more information on the ranking and eligible amount of CTRL tokens see here.
1. Download the Control app.
2. On the Control App, click on the small figure in the upper right corner of the screen, go to settings, and enter claim code “CLxCTRL”
3. Please use the claim code immediately upon app sign up to ensure your participation eligibility in the current leaderboard week.
4. Play picks & polls and mini-games daily to earn leaderboard points.
5. Climb the leaderboard and earn rewards based on your ending rank per each leaderboard period.
6. Join the Control Protocol Discord to view leaderboard rankings.
1. What is Subsquid?
Subsquid is a blockchain indexing SDK and a distributed data lake optimized for serving large volumes of historical on-chain data from over 100+ chains.
The SDK offers a highly customizable Extract-Transform-Load-Query stack for indexing events, transactions, traces and state diffs.
Indexers built with the SDK (squids) are suitable for both real-time streaming and batch data processing and don't require a high-throughput RPC endpoint to run. As the data is ingested primarily from the data lake, a typical indexing speed is up to and beyond 50,000 blocks per second.
2. Who is eligible?
Eligibility for the Subsquid testnet is detailed in the “Who May Use the Services” section of the Terms and Conditions. Participation is restricted to jurisdictions where it is permitted by applicable law. To be eligible for rewards, participants must undergo KYC, KYB, and AML checks.
A maximum of 500 node runners will be selected through an application process for participation in the testnet. See here for a list of hardware requirements.
There is no selection criteria to join as a developer or other community member; all that is required is to log into the network application. Infrastructure providers who run worker nodes will be informed by email.
3. When is the deadline to participate?
There is no deadline to participate - node runner applications will be accepted on a rolling basis until the 500 slots are filled. Other testnet participants (developers, non-technical users) are free to complete quests and earn tSQD throughout the duration of the testnet.
4. What are the required activities?
Worker node operators
Node runners will receive points based on the following parameters; additional criteria may be identified at the discretion of Subsquid during the program:
Developer and non-technical participants
Developers as well as non-technical participants can earn tSQD by completing quests in Subsquid’s network app. Tasks include but are not limited to:
5. What are the rewards?
Subsquid Labs GmbH has allocated ~2% of its token supply to the testnet. Roughly 1% or 13,300,000 SQD will be allocated to developers of indexers (squids) and other participating community members. Another ~1% or 13,300,000 SQD will be rewarded to worker node operators.
For more information and to participate, check out the Subsquid Incentivized Testnet page here.
This program is to run from March 19th, 2024 until April 22nd, 2024 at 23:59 UTC. There will be multiple quests added through this time period. For additional information on the timeline and related quests, see here.
* The Talent Protocol team maintains the right to change the duration of rewards campaign phases at any time.
Talent Protocol has dedicated 0.5% (5,000,000 TAL) of the total token supply for the Talent Protocol “Road to TGE” Rewards Campaign. Talent Protocol has designed a dynamic rewards system tied to a public leaderboard that tracks participants' activities, to make sure rewards go to the most valuable community members for their effort, contributions and participation.
For additional information on the reward pool, see here.
There is no restriction on the number of participants; however, users must meet the following criteria to be eligible for rewards and participation:
Certain jurisdictional limitations may apply (i.e. users must be non-U.S./Canada and OFAC compliant), as outlined here.
For additional information on the eligibility requirements, see here.
Digital Markets requires all accounts to complete identity verification for legal compliance and fraud prevention. Your Digital Markets account will be limited from certain activities on the platform until your identity has been successfully verified.
How do I start verifying my identity?
When creating a Digital Markets account, you will be asked to start the identity verification process during the account setup steps. This is a requirement for all new users creating a Digital Markets account and you will not be able to continue to the platform until this has been completed and your identity has been verified. If you already have a Digital Markets account but have not verified your identity yet, you will be prompted to start your identity verification on your dashboard.
During this process, you may need to provide sensitive information including but not limited to name, address, a government-issued ID, and a selfie. Read more about our Privacy Policy.
Why was my identity not verified?
If your identity was not verified, it was because either you live in one of our unsupported countries & states where Digital Markets is not available at this time, or because your information that was processed for review did not pass one or more identity verification and KYC/AML (Know Your Customer/Anti-Money Laundering) checks. We do these checks to protect Digital Markets and our community from fraudulent users. You can learn more about KYC/AML in our Terms of Service.
If you are facing any issues with the verification process, do not attempt to create a new account using a different email address to re-try verification. Attempting to create a second account is in violation of our Terms of Service; Any violation of the Terms of Service may result in indefinite suspension of services and closure of a user's account. Instead, if you believe there was a mistake in your identity verification, submit a support ticket.
Two-factor authentication (2FA) is an additional layer of security used to confirm your access to your account by requiring two forms of authentication. Digital Markets requires 2FA to be enabled for every account and you will be asked to provide this second form of authentication every time you log in.
How do I set up 2FA?
When creating a Digital Markets account, you will be asked to set up two-factor authentication. This is a requirement for creating a Digital Markets account and you will not be able to continue to the platform without setting this up.
Step 1. Download an authentication app of your choice on your mobile device. We recommend popular authentication apps like Google Authenticator, Duo Mobile, or Authy.
Step 2. Once the authentication app is downloaded, open the app and click the “+” icon to add a new account. You will then be given the option to either scan a QR code or enter a setup key manually. It is easier for most people to scan the QR code, however if that is not an available option to you, choose to enter the key manually and copy and paste the setup key shown on Digital Markets into your app.
Step 3. Once your Digital Markets account is successfully added to your authentication app, you will see a numeric code being generated for your Digital Markets account. Copy this code and paste it into the “Authentication code” input on Digital Markets to finish setting up 2FA.
You will be asked to save your backup codes. Make sure to save your backup codes in a safe place. Your backup codes can help you log into your account in the event that you lose access to your authentication device. These backup codes are unique to each account owner.
Having trouble?
If you are running into issues when submitting your authentication code on Digital Markets, check that your authentication app and your mobile device’s current time zone are synced. Also ensure that the computer or device you are setting up your Digital Markets account on is also synced to the correct time zone. Refreshing your Digital Markets account, clearing cache and cookies may also resolve the issue.
If you are still experiencing issues, repeat steps 2 and 3 in the How do I set up 2FA? section above, or try downloading a different authentication app to set up 2FA with. Be sure to visit the help pages of the authentication app you are using as well for more guidance.
ZetaChain’s Athens-3 Incentivized Testnet is a program that allows validators to gain valuable operational experience and enables testing of the network in a decentralized manner prior to mainnet launch. The ZetaChain team is currently looking for experienced validators to participate in this process. Successful participants in the testnet will be eligible to receive rewards once the ZetaChain network is live. Read more here or see ZetaChain’s announcement.
ZetaChain has allocated 4,200,000 ZETA (0.2% of total token supply) to the incentivized testnet program for eligible participants. The tokens will be awarded after mainnet launch, and are subject to a lock-up period of 1 year. Further information regarding rewards and how they will be determined can be found here.
A total reward pool of up to 60,000,000 HYB tokens, representing 6.0% of the total supply, has been allocated for Hybrid’s Incentivized Testnet participants.
Breakdown by Season:
Reward Calculation:
These phases are exclusively part of Season 1 for Hybrid’s Incentivized Testnet:
Phase 1: Basic Interactions
Phase 2: Advanced Functionalities
Season 1 includes: L2 testnet, Atlas Lite, and custom agents.
Season 2 will include: L2 mainnet, Atlas, and custom agents.
Season 3 will focus on: Future usage and advanced functionalities.
1. What is Powerloom Protocol?
Powerloom Protocol is a decentralized network that is intended to provide customized insights and information on web3 data. The protocol incentivizes participating peers to reach consensus around observations of state transitions and event emissions across multiple smart contracts., Powerloom network ultimately serves as a peer-validated, accurate source of information on which rich data applications like dashboards, bots, aggregators, and insights trackers can be built by utilizing data compositions built upon smaller units of data validated by network participants.
2. Who is eligible?
Users must meet the following criteria to be eligible for Phase 1 participation:
Users must meet the following criteria to be eligible for Phase 2 participation:
3. When is the deadline to participate?
Applications will be accepted on a rolling basis. The first wave of participants will be onboarded on or around October 13th, 2023 . Phase 2 is expected to last approximately 30 - 45 days. Participants will have 2 weeks to complete any remaining quests once Powerloom announces the final quest and/or deadline. Powerloom may expand this at their discretion.
4. What are the required activities?
Activities for Phase 1 include but are not limited to:
The final list of activities will be published when the first wave of users are onboarded on or around August 31st, 2023.
Activities for Phase 2 include but are not limited to:
New quests will be added every week, providing further ways to accrue XP points and provide data for the Powerloom Network.
5. What are the rewards?
Powerloom Network has allocated 0.4% of the current token supply to reward participants for their contributions to the incentivized testnet.
For Phase 1 of the testnet program, Powerloom Network has designated 1,000,000 tokens (equating to 0.1% of current token supply) specifically for snapshotter participants. Assuming a maximum of 100 eligible participants, the base reward will be the equivalent of 10,000 tokens to be distributed at mainnet launch.
For Phase 2 of the testnet program, Powerloom Network has designated 1,000,000 tokens (equating to 0.1% of total token supply) specifically for community participants. Rewards to be distributed at mainnet launch.
Additional information on the remaining allocated supply will be made available as the testnet progresses. For more information on how to accrue points and the estimated rewards per person, check out the Powerloom Incentivized Testnet page here.
The Digital Markets mobile app is currently unavailable in the App Store/ Google Play Store while we work on improving the mobile customer experience.
The mobile app remains accessible for users who installed it prior to August 2022, however, new downloads are unavailable.
Our website provides the most current and best Digital Markets experience. When the Digital Markets mobile app becomes available for download again, we will update the community.
Thank you for understanding.
The bitsCrunch Incentivized Testnet is a multi-round, collective effort, inviting participation from operators, projects, users, and its community to actively engage in testing and further developing all aspects of its protocol. This encompasses evaluating the network’s security, operations, performance, and user experience, among other elements. Round 1 of the testnet is slated to run from the start of June 2023 until the anticipated mainnet launch in January 2024. bitsCrunch is currently calling all users to participate in Task 4 of Round 1, which will involve completing activities and extensively testing out the bitsCrunch Network and its protocol. For more information on how to participate, see here.
Users must meet the following criteria to be eligible for Task 4 participation:
A total reward pool of 2,500,000 $SQR tokens, representing 0.25% of the total token supply, has been allocated for the 'Road-to-TGE' campaign participants.
Magic Square has designed a dynamic rewards system tied to a public leaderboard that tracks participants' on-chain activities to ascertain who earns rewards through their individualized efforts and participation. Here’s how the rewards break down:
There will be no limit to the number of participants; however, users must meet the following criteria to be eligible for rewards and participation:
A total reward pool of up to 1,000,000,000 NATIX tokens, representing 1.0% of the total token supply, has been allocated for the “Network Laps” growth program participants. NATIX has designed a dynamic rewards system that tracks participants’ activities, ensuring that rewards are allocated to the most valuable community contributors based on their own efforts. The reward amount increases proportionally with the accumulation of KMs or XP on users’ Zealy Card.
For additional information on the reward pool, see here.
Network Laps is a milestone-based growth program. Natix is currently at 18 Million KMs driven, averaging over 300K KMs a day and growing. The first Network Lap is set at 100 Million KMs driven. After the Network Lap is reached and the rewards have been distributed, Driver Cards and Zealy Cards are reset. Then, a new and upgraded Network Lap – offering new rewards – will start again. For additional information on the timeline and related quests, see here.
* The NATIX team maintains the right to change the duration of rewards campaign phases at any time.
Drive& app users
Drive& is an app that aims to change our driving experience, so to represent network contribution best, rewards will be based on the total KMs driven with the app. The top 3000 of the active users based on monthly KMs driven accumulate KMs on their Driver Card.
Zealy users
For those who don’t drive around in a frenzy, we made sure to include NATIX Network's Zealy as an alternative way to participate in the Network Laps. Zealy is a community platform where users can complete social missions to earn XP and climb the leaderboard. The top 3000 of the monthly leaderboard will accumulate XP on their Zealy Card.
Notes:
* Make sure to Download the Drive& app & create an account using your Zealy account email (for the reward).
* Certain jurisdictional limitations apply (i.e. users must be non-U.S./Canada and OFAC compliant), as outlined here.
For additional information on the eligibility requirements, see here.
Subsquid is a blockchain indexing SDK and a distributed data lake optimized for serving large volumes of historical on-chain data from over 100+ chains.
The SDK offers a highly customizable Extract-Transform-Load-Query stack for indexing events, transactions, traces and state diffs.
Indexers built with the SDK (squids) are suitable for both real-time streaming and batch data processing and don't require a high-throughput RPC endpoint to run. As the data is ingested primarily from the data lake, a typical indexing speed is up to and beyond 50,000 blocks per second.
The Subsquid x Digital Markets Rewards Campaign is expected to run from April 15, 2024 until May 13, 2024, at which point a snapshot will be taken.
Rewards are expected to be distributed a few weeks after the SQD listing. Follow Subsquid’s social media platforms to stay up to date on the distribution date.
Users will be required to complete a set of on-chain and off-chain quests to earn points - different quests are worth different amounts of points. The more tasks you complete, the more points you receive. Additionally, those users who have successfully completed a purchase of tokens in any Digital Markets community sale in 2024 will be eligible to receive extra points as determined by Subsquid.
The more points a user accumulates, the greater the percentage of the allocated SQD they will receive. For example, somebody who receives 2000 points will receive double the SQD rewards of someone who receives 1000.
SQD is awarded at Subsquid's sole discretion, and points do not constitute a legal claim or other right against Subsquid to receive SQD. Subsquid may terminate the Rewards Program in whole or in part at any time without notice or liability to any participant.
Film.io democratizes filmmaking and brings diverse voices to greenlight together. It aligns the financial interests and creative passion between creators and fans. By giving creators free, organic tools to build and grow their own grassroot fan communities who are keen to proactively collaborate and support creators’ projects, Film.io DAO is giving fans the power to use FAN to vote and to push creative projects forward to green light, financing, production, post, licensing, and distribution.
A total reward pool of up to 11,000,000 FAN tokens, representing 0.16% of the total token supply, has been allocated for Film.io rewards campaign participants. Film.io has designed a dynamic rewards system that tracks participants’ activities, ensuring that rewards are allocated to the most valuable community contributors based on their own efforts.
For additional information on the reward pool, see here.
Here’s how to participate:
Eligibility criteria:
The Haven1 Incentivized Testnet will contain two phases consisting of Community Quests and Builder Quests. Community Quests are expected to last approximately 2-3 months, while Builder Quests are also expected to last approximately 2-3 months. Haven1 maintains the right to change the duration of the phases at any time.
Testnet Users:
2.5% of total token supply (50,000,000 H1 tokens) will be allocated to rewards programs. Haven1 is rewarding participants on the following terms:
Builders:
Haven1 has a milestone-based grants program where projects can receive H1 tokens to support their build and launch efforts for their products in the Haven1 ecosystem. Additionally, Haven1 can support product and smart contract design, audit subsidization, go-to-market strategy, and provide co-marketing to ensure a successful launch
Phase 1: Community Quests (2-3 Months)
Phase 2: Developer Quests (1-2 Months)
Continue to bring new, unique users to Haven1 that test Haven1’s core functionality
This program is set to run in 3 distinct phases with the first phase for Developers starting on April 16, 2024 phase 2 for Community beginning on April 30, 2024 and Phase 3 for Validators beginning on May 15, 2024. Each phase will run approximately 3 months in duration.
The timeline is subject to change at the sole discretion of Analog.
A total reward pool of up to 1,811,594 ANLOG tokens, representing 2.0% of the total token supply, has been allocated for Analog’s Incentivized testnet participants. Analog reserves the right to increase the allocation at a later stage.
Rewards will be allocated across validators, developers, and the community:
In order to utilize the Neon EVM, NEON SPL tokens must first be converted to native NEON tokens via NeonPass. For information on how to convert your tokens and begin using the Neon EVM network, refer to the documentation here.
NEON tokens are used to pay for gas in the Neon EVM (i.e., when an Ethereum dApp transacts on the Solana network). More information about gas fees in the Neon EVM can be found here.
The secondary purpose of the NEON token is to manage the governance of the Neon DAO. NEON token holders may participate in votes held by the Neon DAO. The Neon DAO guides the Neon Foundation around the actions, development, and direction of the Neon EVM and around matters relating to the NEON token. To engage in the process, voters send their NEON tokens to the Neon DAO smart contract — locking the tokens during the voting period. More information on the governance process can be found here.
For users:
For developers:
For content contributors:
For high quality feedback:
A total reward pool of up to 24,000,000 KAI tokens, representing 10.0% of the first year’s projected total supply, has been allocated for Shinkai’s Incentivized Testnet participants.
Rewards will be allocated across users, developers, content contributors, and for high quality feedback:
The Olive Network "Olive Staking Saga" campaign welcomes all DeFi enthusiasts interested in staking their digital assets. There's an open invitation to stakeholders of LSTs and LRTs ensuring broad accessibility. The campaign promises a straightforward entry into staking, with no lock-in periods for staked assets. Participants are poised to earn a plethora of rewards, spanning from Olive Points, LRT points, and EigenLayer Points, showcasing the network's commitment to enriching its community's DeFi experience.
For additional information on the eligibility requirements, see here.
A total reward pool of 1,500,000,000 OLIVE tokens, representing 15% of the total token supply, has been allocated for the “Staking Saga” reward campaign participants. Olive has designed a dynamic rewards system that tracks participants’ staking activities, ensuring rewards are allocated to the most valuable community contributors based on their efforts. Rewards can be earned by staking assets, inviting friends via referral code, and completing squad goals.
For additional information on the reward pool, see here.
The tea Testnet encourages all participant types to join, including devs and non-devs. The testnet does not require KYC or any hardware hoops to jump through, and there is no cap on the number of participants. The process to participate is extremely simple: create an account on the app, and voila, participants are set to test on the tea Testnet.
Users will be able to earn points through tea’s incentive algorithm that applies across every qualifying entry in the tea registry. These points will be proportional to their ecosystem-wide contributions. Project maintainers can track their contributions to the ecosystem through their project's teaRank which is determined through Proof of Contribution.
Testnet points are not redeemable and simply show the loyalty level of a tea participant. Testnet points are planned to become redeemable by eligible persons for blockchain tokens and/or other benefits at a later time, solely at the discretion of tea.
For additional information on the perks pool, see here.
For the Let’s Forkin’ Dance campaign, a total incentive pool of up to 10,000,000 TANS tokens, representing 1.0% of the total token supply, is allocated to incentivize participants in three distinct tracks:
Tanssi is an appchain infrastructure protocol designed to simplify and accelerate the deployment of application-specific blockchains (appchains). By integrating with Tanssi, any blockchain can be transformed into a modular appchain, equipped with a full suite of essential infrastructural components needed to operate immediately and efficiently.
Tanssians Track: Open to an unlimited number of participants.
Builders Track: Participation is based on acceptance into the track. Applicants must fill out the builders form and successfully deploy on Dancebox, Tanssi's Testnet.
Block Producers Track: To qualify, block producers must be part of the active set on Dancebox, Tanssi’s Testnet. Interested parties can apply using this form.
For Builders and Block Producers, the organizing team will contact you via email with details about the next steps.
Please note that:
Certain jurisdictional limitations may apply (i.e. users must be non-U.S./Canada and OFAC compliant), as outlined here.
Tanssians Track: Unlimited.
Builders Track: Based on acceptance into the track. Applicants must fill out the builders form and successfully deploy on Dancebox, Tanssi’s Testnet.
Block Producers Track: To qualify, block producers must be part of the active set on Dancebox, Tanssi’s Testnet. Interested parties can apply using this form.
Certain jurisdictional limitations apply, as outlined by Bondex’s terms and conditions and here.
The initial airdrop is planned for Q1/Q2 2024. The following criteria will be tracked by a snapshot of our user base:
Minimum requirements:
At the Token Generating Event, Bondex plans to distribute an initial community airdrop, comprising 2% of the total supply, to reward its community of builders and early adopters. Subsequent airdrops will be drawn from the Ecosystem Rewards Pool, which will be continually replenished from the revenues generated within the ecosystem.
Invite three or more friends to install the app and register, and you'll earn double the airdrop allocation. Submit your wallet details to Digital Markets through the cForm to enjoy a 2x increase in your airdrop allocation.
How to enhance your airdrop allocation:
1) Download the app
2) Receive your base rating and start earning Bond Points
3) Boost your rating to earn more Bond Points
4) Complete your professional profile
5) Invite your friends
6) Make a referral for a job with or without a bounty
7) Refer a candidate for a job offering with a listed bounty—potentially earning substantial USD rewards for a successful placement and secure a recruiter badge as recognition
8) Refer to a company or employer and earn a portion of the job listing fees
During the campaign, 20,000,000 ePMX tokens will be distributed, representing 2% of the total token supply. ePMX is a non-transferable early version of PMX that will be available after the TGE later this year. At the TGE, the fully functional PMX token will launch and replace ePMX as the protocol’s native asset. When this happens, holders will have the ability to exchange their ePMX for PMX tokens.
Additional information regarding points and rewards can be found here.
The Primex point-based achievement program is calling on the Digital Markets community to earn points through their activities as Lenders and Traders across any supported chain, including Ethereum mainnet, Polygon, and Arbitrum.
For Lenders, Primex offers:
- Daily rewards that match the amount of liquidity you provide.
- Milestones that celebrate the total value of your locked-in liquidity over time.
For Traders, the system rewards you based on:
- Trading volume.
- The number of trades you execute.
- The variety of trades you engage in.
- Consistent weekly trading activity.
There are no specific restrictions or eligibility criteria apart from the following:
Primex Finance is a non-custodial prime brokerage protocol that connects lenders with traders. It empowers traders to amplify their trading positions with leverage on DEXs such as Uniswap, Balancer, Curve, and others. On Primex, traders utilize lender funds as leverage for a variety of spot assets on existing spot trading venues without the necessity of trading in an isolated derivative DEX.
A total reward pool of up to 100,000,000 VOI tokens, representing 1.0% of the total supply, has been allocated for Voi’s Incentivized Testnet participants. Voi reserves the right to increase the allocation at a later stage.
This phase will use a point based system to determine an individual's allocation of the rewards. An individual may earn a share of the rewards relative to the number of points they have earned to the total number of points earned by everyone.
Users will be limited to earning 50,000 VOI tokens and must complete an eligibility registration process to verify their humanity before receiving their allocation.
Earn points by:
Participation in the Incentivized Testnet is open to an unlimited number of participants and subject to the eligibility criteria below. Participation is broken down into 3 main categories on how to earn points:
More details can be found via the official announcement from the Voi Foundation.
Users will be required to prove they are human to be eligible for their reward allocation. This would at minimum require them to link their Voi addresses to socials such as Twitter and Discord, but could include additional steps.
To be eligible for rewards through the v3 Incentivized Alpha, users must:
Thetanuts Finance is a leading option vault protocol, and the options protocol with the largest coverage of altcoin options. With the upcoming v3 upgrade, Thetanuts Finance will transition to becoming a decentralized on-chain options protocol focused on altcoin options – allowing users to go long or short on on-chain options.
A total reward pool of up to 200,000,000 CHAINZ tokens, representing 2.0% of the total token supply, has been allocated for MultichainZ’s Incentivized Testnet participants. MultichainZ reserves the right to increase the allocation at a later stage.
MultichainZ is at the forefront of decentralized finance, pioneering integrated solutions in lending and liquid staking, innovative liquid staking derivatives, and re-staking capabilities. The platform is engineered to serve both retail and institutional clients (at a later phase), addressing existing inefficiencies in the DeFi ecosystem.
Masa is the decentralized network for Fair AI, where people earn by contributing data. AI developers are empowered to build anything, anywhere with the world’s data.
Bittensor is a decentralized, peer-to-peer artificial intelligence network designed for the creation, sharing, deployment, and training of machine learning models.
The Masa Bittensor Subnet provides real-time and static, structured, annotated, and vectorized data from a variety of data sources critical for AI development, such as X (Twitter), Discord, diarized speech (e.g. podcasts, YouTube, TikTok), gated web data (e.g. New York Times), and public web data (e.g. Google Search).
The Masa Bittensor Incentivized Testnet runs from July 9th to July 23rd, 2024. The timeline is subject to change at the sole discretion of Masa.
Key milestones:
3,000,000 MASA tokens have been allocated to the rewards pool for the Masa Bittensor Incentivized Testnet.
How will rewards be determined?
Complete various social, growth, and game engagement tasks on the Super Champs Growth Rewards Platform to earn part of the 40,000,000 CHAMP tokens allocated for this program. The more quests you complete, the more Quest Points you get. Quest Points will be used to allocate token rewards for eligible participants at the end of Season 1. Additionally, those eligible users who buy our Genesis NFTs will be eligible to receive extra points and earn exclusive tokens that are allocated to NFT Holders.
How to boost your Rewards allocation:
The Super Champs Universe is a web3 gaming and animation universe that extends across mobile games, animated content, comics, and more! Backed by the best including Coinbase, Animoca, Bitkraft, and Elliotrades and with millions of mobile game installs, the Super Champs are poised to take over web3 gaming.
A total reward pool of up to 200,000 KINTO tokens, representing 2.0% of the total supply, has been allocated for Kinto’s Rewards Campaign participants.
Kinto’s Rewards Campaign has been designed to reward all the active participants in the Kinto Network. Up to 5,000,000 Kinto tokens or 33% of the max supply are allocated to be distributed to users of the network.
The program lasts 10 years with rewards front-loaded, slowly decreasing quarter by quarter. This creates the following supply curve for the Participation Rewards Program. Participants will be able to receive rewards each week beginning on July 1,2024. Rewards are distributed on a rolling basis.
A total of 10,000,000 EXA tokens, representing 1.0% of the total token supply, have been allocated for the EXA Market Rewards Campaign participants.
Rewards Determination: Rewards will be calculated based on the points each participant earns during the 12 weeks of the program. A leaderboard showcasing the participants’ ranking will be available on EXA Market.
To learn more about the rewards for EXA Market’s Rewards Campaign, see here.
There is no restriction on the number of participants; however, users must meet the following criteria to be eligible for rewards and participation:
Have a completed EXA Market account
Buy or sell at least one NFT from any verified collections
Non U.S./Canada and OFAC compliant
This campaign is crafted to be intuitive and easily navigable, enabling those new to Web3 to participate effectively without requiring prior extensive technical background.
DRIFE is a decentralized ride-hailing platform that utilizes blockchain technology to create a peer-to-peer network for drivers and riders. Through DRIFE, anyone can book affordable taxi rides with the industry’s first “zero” commission policy, offering a more transparent, secure, and cost-effective system. This allows riders to enjoy personalized cab booking experiences, choosing drivers based on price, rating, car type, and other preferences.
DRIFE “Share2Earn” is a gamified rewards campaign focused on milestones and active engagement with a target of 1 Million KMs of location data shared by participants. If this target is reached, rewards will become available to claim according to the vesting schedule. Future DRIFE reward campaigns may be launched at the sole discretion of the DRIFE team.
DRF tokens are on SUI chain and can be claimed after TGE with a weekly linear unlock over a period of 3 months.
DRIFE’s decentralized ride-hailing platform utilizes blockchain technology to evaluate and distribute rewards based on accumulatedXP points. To best represent network contribution, rewards will be determined by the data shared from individuals in cumulative KMs, within the 3-month campaign or 1 million kilometers — whichever is achieved first. Eligibility criteria is simple for all the three categories:
Commute Leaderboard: Participants must share respective location data of their daily commutes. Users must download and enable access to their location data on the DRIFE App.
Galxe Leaderboard: Participants should complete daily missions which are assigned on the Galxe platform for DRIFE Community. Examples of Missions include Follow, Like, Repost, Comment, and Share specific posts on social platforms.
Bonus Perks: Active participation from the above two leaderboards is the only criteria to be eligible to earn extra DRF tokens.
Certain jurisdictional limitations apply (i.e., users must be non-U.S./Canada and OFAC compliant).
A total reward pool of 5,000,000 DRF tokens, representing 0.5% of the total supply, has been allocated for the “Share2Earn” rewards campaign. DRIFE designed a dynamic reward system that tracks participants’ active contributions based on the eligibility criteria mentioned above. There are typically two types of leaderboards: the Commute leaderboard and Galxe leaderboard. Participants can earn additional rewards through active participation on both leaderboards.
For more information on the rewards and how to participate, see here.
There is a total raffle pool of $25,000 in T tokens that will be distributed via raffle. $500.00 in T tokens will be raffled to a new signer every 12 hours. This raffle will be live from September 12, 2024 until the end of the program on October 9, 2024.
All users who complete the tasks will be eligible to be entered into the raffle.
Anyone can participate (subject to the limitations outlined above). Here’s how users become eligible and can participate in wbtc.party’s Galxe campaign for a chance to win a portion of the $25k in T token raffle:
Certain jurisdictional limitations may apply (i.e. users must be non-U.S./Canada and OFAC compliant).