Spending Zen Points
Zen Points earned through trading activities, challenges, staking, special events, and referrals can be redeemed for various benefits. The system is designed to provide users with significant incentives for active participation, allowing them to use their points for fee reductions, revenue shares, private deals, and more.
Ways to Spend Zen Points
Fee Reduction
Global Rev Share
Lotto Rev Share
Private Deals
Fee Reduction
Points can be used to reduce the trading fees charged by the bot. The following table shows the points required and the corresponding fee reductions:
1,000
0.95%
1 Month
10,000
0.85%
3 Months
50,000
0.75%
6 Months
250,000
0.60%
12 Months
1,000,000
0.50%
12 Months
Users can spend points on fee reductions to decrease the fees charged by the bot, providing cost savings on their trading activities.
Unstaking Fees
Users can unstake their tokens from the respective ranks they hold, but this is subject to an early unstaking fee. This fee can be paid either in tokens or through Zen Points that have been accumulated.
Global Rev Share
Users can convert their points into a share of the global revenue generated by the bot. Hereβs how it works:
Trade $10,000 in a week to earn 10,000 points.
Submit 5,000 points for global rev share to earn a fraction of the weekly fees.
Example: If 1,000,000 points are submitted, you would have 5,000/1,000,000 = 0.5% of the weekly fees.
If $10,000 in fees are generated, you would earn 0.5%, which equals $50.
As the project scales and more users join, the volume and fees will increase, enhancing the rewards.
Lotto Rev Share
The Lotto Rev Share provides an opportunity to win a significant portion of the weekly fees. Hereβs how it works:
Only 10 winners will share 10% of the weekly fees, each earning 1%.
Each point acts as a ticket entry, increasing your chances of winning.
Example: If $1,000,000 in weekly fees are generated, 10% is reserved for Lotto Rev Share.
If you are a winner, you would earn $10,000.
(Currently, the top 5 bots are generating at least $1,000,000 per week at the time of writing this).
Private Deals
Zen Points can be used to gain allocations in exclusive seed, private, and IDO deals through our network of partners. Hereβs how it works:
Each point equals $1 allocation to any deal.
There will be a maximum amount a user can put per deal on a first-come, first-served basis.
To increase allocations, refer back to the earn section above. The most appealing way is to trade through the bot, which increases trading volume.
The system is designed to reward loyal users and provide more than just the trading bot itself. There will be more opportunities and benefits to come in the future.
Summary
The Zen Points system offers users multiple ways to spend their points, providing significant incentives for active participation in the Kaizen ecosystem. By reducing trading fees, participating in revenue shares, entering lotteries for a chance to win significant rewards, and gaining access to exclusive private deals, users can maximise the benefits of their trading activities and loyalty. The system is designed to foster continuous engagement and reward users for their contributions to the Kaizen platform.
Last updated