This comprehensive guide will walk you through the design philosophy behind PX points, how you can get them, and why they play a key role in the PillarX ecosystem.
Table of contents:
What Are PX Points?
PX Points are at the core of our future rewards system at PillarX. They serve as a mechanism to incentivise user engagement and activity within our ecosystem. By participating in various activities, users will get PX Points, which can then be used to cover transaction fees within the PillarX platform or to gain additional benefits.
The Design Philosophy Behind PX Points
The PX Points system is being developed with several key principles to ensure it is fair, engaging, and sustainable. Here are the main design considerations:
- Encouraging Active Participation: We aim to create a vibrant community where users are consistently engaging with the platform. By rewarding active participation, we ensure that users are motivated to stay involved.
- Balancing Complexity: Different activities within the platform require varying levels of effort and expertise.
- Promoting Community Growth: Following the main launch of PillarX, we plan to introduce a referral program to support organic community growth. Participants may receive PX points for referring others, helping expand the PillarX ecosystem through trusted connections.
- Sustainability: The decay mechanism for inactive users will ensure that only active participants are continuously rewarded, maintaining the integrity and value of PX Points.
How to Get PX Points
Although PillarX hasn’t officially launched yet, both Pillar Wallet users and waitlist participants will have the chance to take part in our soft launch campaign and begin accumulating PX points early. As the platform grows, these opportunities will only expand. In the upcoming campaign, there will be several ways to participate and get PX points:
👋 PX Point Boost for Early Participants: All waitlist participants and Pillar Wallet users who migrate their assets during the upcoming campaign will receive a PX point allocation as part of our early access engagement program.
📈 Trading Activity on PillarX: PillarX includes trading-related leaderboards to recognize and track user engagement. PX points may be allocated based on trading activity and outcomes, including:
- PnL-Based Recognition: Participants may receive PX points based on the percentage of profit and loss (PnL) realized per trade. This system emphasizes trading decisions relative to position size rather than total capital.
- Trading Volume Leaderboard: A separate leaderboard tracks users based on overall trading volume. PX points may be allocated to participants with high levels of trading activity weekly.
➡️ PX Point Boost for Pillar Wallet Users: Pillar Wallet users can receive PX points by moving their assets to PillarX as part of our soft launch campaign. Detailed instructions and timing will be shared soon to help ensure a smooth transition.
PX point holders can look forward to ongoing campaigns with new opportunities for engagement. Whether it’s trading competitions, exclusive raffles, or community challenges, PillarX will regularly host reward-based events designed to keep PillarX users engaged and involved.
Why PX Points Matter
PX points are more than campaign rewards, they’re a key part of how users engage with and shape the PillarX ecosystem. Even before the official launch, PX points give holders access to exclusive soft launch activities and reward opportunities tailored to waitlist participants and Pillar Wallet users. As we move toward the main launch of PillarX in the coming months, the utility of PX points will grow. In addition to being used for future campaigns, PX point holders may also become eligible for access to certain benefits, including the potential to participate in platform-driven incentive models linked to project revenue. These benefits are designed to recognize continued contribution to the growth and engagement of the PillarX ecosystem.
Decay Mechanism (after the main PillarX launch)
To ensure sustainability and continuous engagement, the PX Points system includes a decay mechanism for inactive users:
- Active Users: There will be no decay for PX Points, ensuring that users who engage regularly retain their points.
- Inactive Users: PX Points will decrease over time without activity. The decay rate will be revealed after the main PillarX launch. This decay mechanism ensures that points are primarily held by active users, preventing hoarding and maintaining a dynamic and engaged community.
Coming Soon: Perks for Early Movers on PillarX
As part of the PillarX soft launch, we’re preparing a series of exclusive opportunities to recognize early community participation. One of the key initiatives will be a campaign for Pillar Wallet users, giving them a chance to move over to PillarX and unlock PX Points and other perks for being early supporters.
At the same time, waitlist participants will be able to start getting PX points and rewards through special tasks and limited-time activities during the soft launch campaign.
Stay tuned, these opportunities will be time-sensitive, so be ready to get involved as soon as the campaign begins! Follow us on X (Twitter).
The PillarX PX Points system is meticulously designed to foster active participation, fair rewards, and sustainable growth. Stay tuned for the PillarX soft launch and get ready to enhance your engagement with PillarX. In the meantime, join the waitlist to become eligible for upcoming activities during the soft launch campaign!
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Important: PX points are part of the PillarX engagement system and are not financial rewards. Trading cryptocurrencies is high-risk and may result in losses. This content is not financial advice.
Disclaimer: Cryptocurrency investments are subject to market risk. Please conduct your own thorough research and seek professional advice before making any investment decisions. Any of our publications do not constitute as financial advice and you should not treat any of the information on our website as advice.