Platform Rewards

forkast rewards overview forkast provides a range of rewards to encourage user participation and engagement throughout the platform these rewards are tailored to various user activities, from promoting frequent trading to rewarding market successes, all with the goal of fostering a dynamic and thriving prediction market ecosystem types of rewards 1\ liquidity rewards payout distributed in usdc tokens description these rewards are earned by users who provide liquidity to forkast markets by placing resting limit orders liquidity rewards encourage market stability and activity by incentivizing users to ensure sufficient depth and volume in the markets 2\ leaderboard rewards payout distributed in cgx tokens description users who consistently outperform others in trading and market participation can earn leaderboard rewards this program recognizes top performers on the platform, fostering competition and skillful trading 3\ quest rewards payout distributed in cgx tokens description quest rewards are earned by completing specific milestones or objectives within the platform, such as placing trades in new markets or predicting market outcomes accurately (win to unlock) these rewards encourage active engagement and skillful participation in forkast markets 4\ platform credit codes payout redeemed as platform credits description these codes can be redeemed for platform credits, which users can use to participate in markets platform credit codes are often distributed as part of promotional campaigns or trading competitions 5\ referral system rewards payout distributed in platform credits description referral rewards are earned by inviting new users to join forkast users receive a percentage of the trading fees generated by their referrals people that sign up through a referral link earn a discount on their trading fee for the first few months this system incentivizes community growth and user acquisition while rewarding loyal users for spreading the word about forkast 6\ staking & loot box rewards payout distributed in lootboxes description users can stake cgx tokens to earn rewards based on their staking amount and the lock period they choose the rewards are delivered in the form of loot boxes, which utilize verifiable random function (vrf) technology to randomize their contents, ensuring fair and unpredictable drops the system offers engaging incentives for long term staking while introducing an element of gamification to the rewards process