> For the complete documentation index, see [llms.txt](https://docs.perpl.xyz/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.perpl.xyz/exchange/mpoints.md).

# mPoints

### $1,000,000 in MON incentives

Starting July 8th, we’re launching a 16-week campaign where users can earn mPoints every week based on their organic trading activity on Perpl. At the end of the campaign, your total mPoints will determine your share of up to $1,000,000 in MON rewards.<br>

* **Rewards pool:** $500,000 - $1,000,000
* **Total mPoints supply:** 1,000,000
* **Weekly mPoints emissions:** 50,000 mPoints
* **Duration:** 16 weeks
* **Rewards:** Distributed in $MON at the end of the campaign

### Rewards Pool

We’ve allocated a **guaranteed base of $500,000** for this campaign.

On top of this, we’re allocating up to an additional $500,000 (for a total of $1,000,000) that we will unlock based on trading activity on Perpl.

These extra rewards will be released in $100,000 increments when the platform’s total OI-Adjusted ADV sustains the required level over any rolling 7-day period.

#### **OI-Adjusted ADV is calculated as:**

$$min(Avg Daily Volume, TimeWeighted Average Open Interest × 10)$$

Stronger, sustained organic trading activity = more rewards.

| Tier | Total Platform OI-Adjusted ADV | Extra Rewards Released | Total Rewards |
| ---- | ------------------------------ | ---------------------- | ------------- |
| 1    | Guaranteed                     | +$500,000              | $500,000      |
| 2    | $5,000,000                     | +$100,000              | $600,000      |
| 3    | $10,000,000                    | +$100,000              | $700,000      |
| 4    | $20,000,000                    | +$100,000              | $800,000      |
| 5    | $30,000,000                    | +$100,000              | $900,000      |
| 6    | $40,000,000                    | +$100,000              | $1,000,000    |

*Note: The rewards are not affected by volatility in the MON price. The final, claimable, reward will be in $MON, but will be denominated in USD.*

### mPoints

mPoints are the points system for Purple Summer. A total of 1,000,000 mPoints will be distributed during the 16-week campaign. These mPoints directly determine your share of the up to $1,000,000 MON reward pool at the end of the campaign.

Out of the total 1,000,000 mPoints:

* 800,000 mPoints will be distributed through weekly trading rewards (50,000 mPoints per week × 16 weeks)
* 200,000 mPoints are reserved for other activations, including builder codes, tournaments, and bonus rewards for the active community

mPoints are earned based on organic trading activity. Snapshots happen every Wednesday, and mPoints are distributed every Monday.

#### **Key details:**

* **Total mPoints supply:** 1,000,000
* **Weekly trading allocation:** 50,000 mPoints
* **Other activations:** 200,000 mPoints
* **Snapshots:** Every Wednesday
* **Distribution:** Every Monday
* **Rules:** Only organic activity counts toward mPoints
* **Users:** Institutional Market Makers will be excluded from the mPoints program

Purple Summer is a double points season for Perpl users. mPoints run alongside the existing Perpl Points system. The two are separate and do not affect each other.

#### Claiming your MON

After the 16-week campaign ends, users will be able to claim their share of the total unlocked MON reward pool based on their accumulated mPoints.

### Growth Mode

On July 7th, we removed Access Codes. Everyone can now join Perpl and start trading.

Our current Referral Rewards system remains in place:

* Referrers earn 10% of revenue from their direct referrals and 5% from sub-referrals.
* Referrers earn extra points equal to 5% of their direct referrals' weekly Perpl Points.
* Referees receive a +5% Perpl Points boost.

To further encourage referrals in this new open era, we’re adding a permanent +5% mPoints boost both ways for the entire 16-week Purple Summer campaign. The mPoint boost will work similarly to the Perpl Points referral boost.

If you join without a referral code, you can add one at any time on the referrals page.