Calculation Methods for EQO

There are two calculation mechanisms for EQO based on whether the token distribution falls within the Special Issuance period (16th March 2021 to 7th April 2021), or the distribution period (8th April 2021 to 18th March 2023).

Calculation for Special Issuance Period (16th March 2021 to 7th April 2021)

The Special Issuance Period runs between 00:00:00 UTC 16th March 2021 and 23:59:59 UTC 7th April 2021. Any fee-paying taker trades that are performed during this time will be counted towards the calculation for obtaining EQO.

At the end of every day, the volumes of each user who is a fee-paying taker on the exchange is included in the calculation for eligibility. However, the final decision and determination of how much EQO each user will receive is calculated at the special issuance on 8th April 2021. Calculations are performed on the basis that EQO is denominated up to 2 decimal places. As such, only users who are eligible for 0.01 EQO and above at the end of the Special Issuance will receive EQO as part of the Special Issuance.

Any dust resulting from the truncation will be assigned to the EQONEX treasury at the end of the Distribution Period after 18th March 2023.

Special Issuance Emails

Users who contribute to 0.01% and above of the daily fee-paying taker volume will receive an email after the end of the trading day confirming that they are eligible to earn EQO as part of the Special Issuance.

Users who contribute less than 0.01% of the fee-paying taker volume will not receive an email. However, these volumes will still be included in the final calculation for calculations at the end of the day.

Only customers who have an average daily traded volume of $15,000 and above will receive a Special Issuance email.

Distribution Period (8th April 2021 to 18th March 2023)

The Distribution Period runs between 00:00:00 UTC 8th March 2021 until 23:59:59 UTC 18th March 2023. EQO will be distributed as two components - staking and trading volume.

For further information and examples on how calculations are performed, please see: How to earn EQO. Please refer to https://eqonex.com/eqotoken where you can find EQO trading and staking calculators.

Any dust resulting from the truncation will be assigned to the EQONEX treasury at the end of the Distribution Period after 18th March 2023.

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