Incentives

​

Revenue Share

45% of all revenue¹ generated will be contributed towards our staking pool, to access these rewards you need to stake your $SYRAX tokens.

Revenue generated is added into the staking pool to claim, initially this will happen weekly with plans to move to a daily scheme once the product matures.

When staking in between claim periods, you must wait until the current claim period ends to be eligible in the next claiming period. Pay attention to this when staking your tokens.

¹ Referral/affiliate rewards are deducted from the total revenue and are paid out to individuals

​

Buybacks

5% of all revenue¹ generated will be used to buyback $SYRAX and add an equivalent amount of SOL (liquidity) into the liquidity pool strengthening it over time.

​

Fee Reductions

By holding the $SYRAX token you can reduce the fee you pay for trading features across all products; telegram, discord, web platform & API.

The reduction structure is the following:

• Starts at 50,000 $SYRAX (0.005% of supply)
• Base reduction: 0.05%
• Every 25,000 additional $SYRAX = +0.025% reduction
• Maximum reduction: 0.25%

This would bring the total amount of SYRAX to hold to receive the maximum fee reduction of 0.25% to 250,000 $SYRAX.

The progression structure is as follows:

• 50,000 SYRAX = 0.05%
• 75,000 SYRAX = 0.075%
• 100,000 SYRAX = 0.10%
• 125,000 SYRAX = 0.125%
• …and so on until…
• 250,000 SYRAX = 0.25%

​

Subscriptions

Another incentive to hold $SYRAX is the free access to certain subscriptions. These subscriptions are valid for as long as you meet the criteria.

• DYOR+: 25,000 SYRAX
• Syrax Pro: 50,000 SYRAX

To read more about each subscription and its perk, visit the subscriptions page.