Crypto Facilities, a UK registered cryptocurrency derivatives exchange, announced today that starting on February 1st, 2019, at 12 pm UTC, the company will introduce a Revenue Share Program (RSP) to reward liquidity provision and general participation on the exchange.
The RSP is open to all clients, fully transparent and provides the same terms to everyone. It pays out a total of $50,000 USD every week across all traders. Users can check out their real-time revenue share estimate on their account dashboard.
The RSP will initially run for 10 weeks. After that term, Crypto Facilities, in its own discretion, will decide whether the program shall be continued, modified or discontinued.
The RSP measures clients’ contribution to the platform during one-week intervals starting at 12 pm UTC each Friday. At the end of each interval, each client’s revenue share is calculated and paid out. Parameters then reset and the programs will reset for the following week.
Payouts by Contract Types are shown in the following table:
Contract Type | Distribution | Payout Collateral |
XBT:USD | 15,000 USD | XBT |
ETH:USD | 12,500 USD | ETH |
LTC:USD | 7,500 USD | LTC |
BCH:USD | 5,000 USD | BCH |
XRP:USD | 5,000 USD | XRP |
XRP:XBT | 5,000 USD | XBT |
At payout time, USD amounts are converted into the respective payout currency at the prevailing CF real-time index.
For each client and Contract Type, Crypto Facilities will compute a Revenue Share Index (RSI) based on two key measures:
- Liquidity Share (every user has a value between 0 and 1.0)
- Volume Share (every user has a value between 0 and 0.5)