Post the invitation link first
https://zealy.io/c/chromatic/invite/W1jUbHay4_giLX3hB2_CA
Chromatic Protocol is a decentralized perpetual contract protocol that provides permissionless, trustless building blocks that enable participants in the DeFi ecosystem to create balanced two-sided markets and trade futures in these markets using a variety of strategies.
route map
January 2024
January 24: Deadline to apply for special tiers of the referral program.
February 2024
February 1: Chromatic Protocol is live on Arbitrum Mainnet!
February 1: Trading Rewards Program Launched
February 1: Referral program launched
February 8: LP Reward Program Launched
Mid-February: Audit completed. Currently, Chromatic Protocol is undergoing an audit by Halborn to ensure a safer trading environment.
First half of 2024
$CHRMA Token Issuance and DEX Listing
$CHRMA Token is scheduled to be launched and listed on decentralized exchanges (DEX) in the first half of 2024. This milestone marks an important step on our path to building Chromatic Protocol's DAO ecosystem.
Rewards Program
Chromatic Protocol is launching three official rewards programs alongside the launch of the Arbitrum mainnet. Actively participate in trading, invite other traders, provide liquidity to the pools, and get rewarded for your contribution to the protocol!
Transaction to Entitlement (T2E) Program
The trading rewards program is the most important part of the Chromatic Protocol, designed to foster a vibrant and active trading environment. It rewards participants for their participation, establishing a positive feedback loop that will hopefully increase the volume of transactions on the Chromatic Protocol.
Traders will receive airdrop points as a reward for actively trading on Chromatic Protocol. These points can then be converted into $CHRMA tokens at a 1:1 ratio after the token launch (TGE) on the DEX. This means that for every airdrop point earned, traders will be eligible to receive an equal amount of $CHRMA tokens.
Trading Rewards Program Season 1 Schedule
Trading Rewards Program Season 1 will run until March 31, 2024. (Schedule subject to change with prior notice)
Trading Rewards Program Season 1 will be conducted daily. Reward aggregation and settlement will be conducted daily at 00:00 UTC.
Token Allocation
Monthly rewards for Season 1 are distributed as follows, totaling 2,800,000 CHRMA tokens, or 2.8% of the total token supply:
February 2024: 1,500,000 CHRMA (1.5% of total token supply)
March 2024: 1,300,000 CHRMA (1.3% of total token supply)
Please note that the monthly token distribution for the trading rewards program will be completed before the mainnet launch of Chromatic Protocol on February 1, 2024. The above figures may change before then.
Referral Program
In addition to the trading rewards program that rewards traders for trading, Chromatic Protocol has introduced a referral program that aims to activate the protocol and expand the ecosystem by acquiring key participants (traders). The program aims to encourage traders to actively trade and invite other traders to join our protocol, providing additional rewards for referrals and referees. By participating in the referral program, both referrers and referees will receive additional rewards.
Referrers receive rebates based on their referrals’ trading rewards: Referrers receive rebates proportional to the trading rewards accumulated by their referrals that they collect.
Referrers receive reward boost based on the level of their referrers: Referrers receive reward boost based on the level of their referrers.
Recommender Hierarchy System
There are two different tiers in the referral program. The regular tier and the special tier.
Special tiers allow participants to earn higher rewards, up to 13% potential earnings for themselves and 15% potential earnings for their referrals.
Access to special tiers is limited to a whitelisted few. However, to celebrate our mainnet launch and reward early supporters, we are offering special tiers to early bird participants.
Early bird entrants can receive a special tier by submitting an application form.
Early bird application period: December 27 to January 24
Registered referrals cannot be changed:
Once a referee has selected a referee, the designated referee cannot be changed. This policy is designed to focus efforts on attracting new referees rather than competing for referrals that have already been obtained.
LP Rewards Program
The LP Rewards Program is a strategic program to promote active participation from liquidity providers (LPs), one of the most important players in the protocol since its launch. Liquidity providers will receive airdrop points in proportion to the liquidity they provide. These points can then be converted into $CHRMA tokens at a 1:1 ratio after the token launch (TGE) on the DEX. Unlike the trading reward program, the LP reward program runs temporarily and ad hoc during periods of liquidity shortage, rather than continuously, to ensure a balanced liquidity scale.
The LP Rewards Program lasts for more than six years after the launch of the protocol, distributing 8,000,000 CHRMA (8% of the total token supply). The program front-loads more rewards in the early stages to stimulate protocol activation, and the reward distribution gradually decreases over time.
LP Reward Program Season 1
LP Rewards Program Season 1 will run until March 31, 2024. (Note: schedule is subject to change without notice).
The LP reward allocation for Season 1 is 1,000,000 CHRMA, equivalent to 1.0% of the total token supply. If participation in the LP reward program is low and the allocated amount is not fully utilized, the remaining rewards will be carried over to the next season.
The LP rewards program has two steps.
Warm-up period
The warm-up period is the stage of injecting liquidity into the pool.
Promotion period
During the boost period, the liquidity collected during the warm-up period will be deposited into the actual LP pool.
During the boost period, liquidity remains locked and can be withdrawn at any time after the boost period ends.
