RISEx Launches Points Program to Reward Early Users on RISE Chain

RISEx is a decentralized exchange platform built on RISE Chain that's making waves in the crypto community. The platform has raised close to $9.2 million, backed by notable investors including Vitalik Buterin, Sandeep Nailwal, and Stani Kulechov.

The platform rewards early users through its RISE Points program, which is a step towards a possible future token distribution. Traders, liquidity providers, and builder code integrators on the platform can earn points by completing trades, providing liquidity, or holding a builder integration during each week.

RISEx distributes 200,000 points every Tuesday among qualifying users. The exact formula behind each week's split is not public, but it takes into account maker and taker volume, fees paid, slippage, open interest, and how long positions are held.