As long as you place a limit order in the order book and maintain a sufficient online rate, you can receive a monthly bonus of 5 million tokens! Do you want to rush? From a trader's perspective, a complete breakdown of StandX's Maker Uptime activity: Is it worth it or not? Many people posted related tweets a few days ago, and their first reaction was: Getting rewards for hanging orders? It sounds good, but are the rules complicated? Is the risk significant I stand from the perspective of a trader and explain it clearly The essence of the activity: This is a "market making online rate" incentive @The StandX_Official activity is not essentially about boosting trading volume, but about rewards A trader who provides long-term and stable liquidity to the market You don't need to predict the direction, nor do you require a transaction. The system focuses on three points: one ️⃣ Do you have any pending orders two ️⃣ Hanging long enough or not three ️⃣ Is it within a reasonable price difference ⏰ Core rules In every hour, you need to achieve: Simultaneously place buy and sell orders Price within ± 10bps of the median price Maintain for at least 30 minutes Only when the above conditions are met can this hour be considered as' effective market making '. Trading pair limit: BTC/USDT Maximum calculation of 2 BTC per side (no matter how much is hung, no points will be added) How are Maker Hours priced? This is the most crucial part of the entire event. The system will randomly record your number of pending orders multiple times per hour (taking the smaller value for buying and selling): After sorting, take: The scale of pending orders during the first 70% of online time (X ₇₀) The scale of pending orders during the first 50% of online time (X ₅₀) The final system will automatically help you choose the more cost-effective one: max( (X₇₀ / 2) × 1.0， (X₅₀ / 2) × 0.5 ) This means: Even if you don't achieve a very high online rate, you won't be "zeroed out", and the mechanism is more friendly to traders. Online rate=Reward multiplier 70%+online rate → 1.0x magnification The lower the online rate, the smaller the multiplier, but there are still rewards This is encouraging: stability Long term provision of liquidity Instead of a short-term rush. Is the reward "real gold and silver"? Yes. Monthly fixed reward pool of 5 million tokens Allocate based on the proportion of Maker Hours for all users The more you occupy, the more you take ⚠️ Real risks that traders must be aware of From the perspective of a trader, it is necessary to clarify these points: one ️⃣ Mark Price will change 10bps is for real-time Mark Price judgment Hanging too far on the edge can easily lead to being eliminated In practical operation, a buffer should be left two ️⃣ Bilateral pending orders=passive transaction risk When the market fluctuates, it is possible to take orders Need to cancel or adjust orders at any time three ️⃣ The income is not fixed The more participants on the entire network, the lower the per capita income More suitable as a 'subsidy', not the main strategy This is a dual incentive for traders, as the behavior of placing orders is fully covered. From a trader's perspective, StandX's Maker Uptime is more like a "low-risk, disciplined, and long-term oriented" market making incentive mechanism. This activity is worth studying carefully. @StandX_Official @KaitoAI kaitoyap