Listing and Trading rewards will be individually calculated and distributed daily, at approximately 01:00 UTC.
Leaderboard Ranking is refreshed daily, at approximately 00:00 UTC on each day.
If you list an eligible NFT for sale at less than 2x the collection's Floor Price*, you will be able to earn bonus MTD token rewards.
You will not receive any listing rewards for an eligible NFT if you list it at a price that is 2x higher than the collection's Floor Price*. However, if it is sold within seven days of being listed, you will be eligible for listing rewards on the day that the NFT is sold.
NFTs that meet certain criteria are eligible to receive listing rewards. Minted Launchpad collections will also be eligible for a certain period of time after their primary listing. You can always check the eligibility of collections here!
To maintain a fair distribution of MTD rewards for the Minted community, collections must satisfy the following:
- Collections must have creator royalties above 0% in order to be eligible for listing rewards.
- Floor price must exceed 150 CRO for Cronos NFT collections, and 0.01 ETH for Ethereum NFT collections. All prices are subject to adjustment without prior notice due to currency fluctuation and/or unforeseen economic circumstances.
Please bear in mind that Minted reserves the right to exclude collections from listing rewards based on several parameters; these include but are not limited to the number of items in the collection, and their record of suspicious activity.
When Minted determines that a collection is eligible for listing rewards, it does not equate to an endorsement of any kind. We encourage everyone to do their own research and make an informed decision before purchasing NFTs.
Snapshots will be taken daily to capture listings that are eligible. A points system will be used to determine the share of the prize pool that your eligible listings have earned. Rewards are calculated as per the following formula:
(Your daily points / all users’ daily points) * total predetermined daily MTD rewards
The base points that will be allocated per listing is as follows:
The leaderboard ranking is computed based on several components, including, but not limited to, the global trading volume during the past 24 hours on Ethereum and the trading volume on Minted for Cronos. Do expect frequent changes as the market moves fast!
There will also be a multiplier applied to the base points for each listing that fulfils the criteria below:
- A 2x multiplier is applied to eligible NFTs listed at a price that is lower than the collection's Reference Price*.
- A 1.5x multiplier is applied to eligible NFT listings when their price is higher or equal to its collection's Reference Price*, and no more than 10% above its Reference Price.
Minted reserves the right to adjust points rewards based on market conditions and platform performance.
*Reference Price - For Cronos collections, the collection's Reference Price is determined by its floor price on Minted. For Ethereum collections, it is determined by the collection's floor price on Minted and OpenSea/LooksRare (Ethereum), whichever is lower. Reference price is refreshed once per day.
*Floor Price - For Cronos collections, the collection's Floor Price is determined by its floor price on Minted. For Ethereum collections, it is determined by the collection's floor price on Minted and OpenSea/LooksRare (Ethereum), whichever is lower. Floor price is refreshed once per day during Minted's beta phase.