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Trading Rewards

Trading Rewards

Trade NFT on HelixMeta.
Earn HLM tokens.
Simple.
Trading rewards are a core part of HelixMeta’s token economy as we seek to become the most liquid marketplace for NFTs in the world.

How do trading rewards work?

Users who trade NFTs on HelixMeta with eligible collections earn trading rewards in the form of HLM, HelixMeta’s platform token.
Collections will automatically begin accumulating trading rewards on the following day that they hit 500 ETH in trading volume on Helixmeta (excluding private sales). The previous day’s collected protocol trading fees are earned by HLM stakers as rewards. Reward rates are adjusted roughly every 24 hours, based on the past 24 hours’ trading activity.
Both the buyer and seller of an item earn rewards for their trading volume (except for private sales).
Trading rewards are calculated daily and rewarded to users 2 hours after the end of each day. The entire schedule of trading reward emissions will be over 4,686,250 Ethereum blocks (or approximately 900 days, using 6,500 blocks per day), at which point all HLM token emissions will come to an end as the ecosystem becomes fully self-sustaining.
Please also note that only trading volume resulting from orders created by the HelixMeta Marketplace is included in the daily trading reward calculation. Any trades matched from custom orders created by private client libraries, or other unofficial marketplaces, are treated as outside of the HelixMeta Marketplace and are not eligible for trading rewards. For trades made via NFT market aggregators, contact your aggregator to ask about trading rewards.

How many HLM tokens are allocated for trading rewards?

Trading rewards will be earned over 4 phases with differing reward rates, based on a schedule of 6,500 Ethereum blocks per day.
Phase
Length
HLM Per Day For Trading Rewards
A
195,000 blocks (30 days)
2,066,667.00 HLM
B
1,170,000 blocks (180 days)
1,020,000.50 HLM
C
2,340,000 blocks (360 days)
537,468.75 HLM
D
3,510,000 blocks (540 days)
388,889.00 HLM
E
4,680,000 blocks (720 days)
277,778.00 HLM
F
5,850,000 blocks (900 days)
88,889.00 HLM
Volume Rewards Daily Emission

How are trading rewards calculated?

Every day, trading rewards are calculated based on each user’s trading volume on HelixMeta, as a percentage of the total platform trading volume, excluding private sales..
User A’s trading rewards on Day 1=ab×c\text{User A’s trading rewards on Day 1} = {\frac{a}{b}} \times c
Where:
  • a = User A's Trading Volume During Day 1
  • b = Total Platform Trading Volume During Day 1
  • c = HLM Rewards Per Day
Example
  • User A trades 10 ETH worth of NFTs on Day 1.
  • There is 10,000 ETH total volume on HelixMeta on Day 1.
Based on the above, on day 1, User A would receive:
1010,000×2,866,500=2,866.5 HLM\frac{10}{10,000} \times 2,866,500 = 2,866.5 \text{ }HLM
How can I claim trading rewards? You can claim your rewards any time you want each day via the Rewards page. Any rewards you don't claim will still be available the next day, so you don't need to rush and collect every day!

What are the eligible collections for trading rewards?

NFTs from all collections that hit 500 ETH in trading volume on HelixMeta are eligible for trading rewards.

What happens if there’s wash trading?

The trading rewards system has been designed and iterated upon to heavily dissuade users from trading for the sole purpose of farming HLM rewards.
Each trade on HelixMeta (except for private sales) incurs a platform fee of 2%, and typically a royalty fee of between 5-10%. The total HLM rewards for trading each day are also fixed, and distributed based on traders’ contribution to total trading volume, meaning that there’s no guarantee of the amount of rewards that anyone trying to farm the token can generate in a day.

Will I receive trading rewards if I make purchases using NFT aggregators like Genie.xyz?

Maybe. When using aggregators like Genie.xyz to purchase NFTs, it's the Genie contract that interacts directly with HelixMeta’s marketplace contract. This means that volume generated from users is actually attributed to the Genie contract address, along with any trading rewards.
We're in contact with aggregators like Genie.xyz to assist them in claiming the accumulated HLM rewards, and to calculate the amount of rewards to be passed on to users of their platform.