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1st points are issued in defined periods called seasons. Each season has a fixed duration and a points multiplier that determines how many points are earned per dollar traded during that period. Points are earned only through trading activity. Points are calculated based on the USDC value of executed trades, whether the trade is a buy or a sell. When selling mirror tokens, the USDC value received is used to calculate points in the same way as a buy order. Points are not earned for liquidity provision or market making. Seasons are sequential and time-based. As the platform matures, the multiplier decreases gradually until it stabilizes.

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Season multipliers

The points multiplier determines how many points are earned for the same amount of trading volume. A higher multiplier means more points per dollar traded and is intended to reward early trading activity. For example:
  • During Season 1 (3.0×), trading $1,000 earns 3,000 points
  • During Season 8 (1.0×), the same $1,000 trade earns 1,000 points

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Season schedule

SeasonPeriodMultiplier
1Nov 3 – Nov 30, 20253.0×
2Dec 1 – Dec 31, 20252.5×
3Jan 1 – Jan 31, 20262.0×
4Feb 1 – Feb 28, 20261.8×
5Mar 1 – Mar 31, 20261.6×
6Apr 1 – Apr 30, 20261.4×
7May 1 – May 31, 20261.2×
8+Jun 1, 2026 until conclusion of the points program1.0×
Once the multiplier reaches 1.0×, points are earned at a stable rate of 1 point per $1 traded, regardless of trade direction.