Claiming Your Polkadex Open Beta Rewards

The issues from the Polkadex Open Beta’s first 45 day testing cycle have now been rated and the rewards have been tallied.

Reward cycles

As mentioned in the Polkadex Open Beta Terms & Conditions, every 45-day Open Beta feedback cycle will either be deemed as ‘rewarded’ or ‘unrewarded’. Whether a cycle is rewarded will depend on each cycle’s respective Treasury-spend proposal as voted on by the Polkadex Council. Moving forward, an announcement of the cycle’s reward status will be made by the Polkadex team before the start of a cycle.

Ratings

After a 45-day Rewarded Cycle ends, the Polkadex team will finish rating issues logged by testers and announce the tallies within the following 45 days. For example, cycle 1 rewards will be calculated and announced during cycle 2, cycle 2 rewards will be calculated and announced during cycle 3, and so on.

Reward pools

Shortly after this article is published, the Polkadex Council will vote on a proposal to reward cycle 1 of Open Beta testing feedback. This proposal will also include a Treasury spend to cover rewards for cycle 2 (August 19th to October 2nd) and cycle 3 (October 3rd to November 16th). Moving forward, proposals will be made before each cycle and reward pools will be announced prior to the start of a cycle.

Total reward pools for the 45 day testing cycle

A total of $3,500 in PDEX would be awarded to this testing cycle with a breakdown per reward pool as follows:

  • $2,000 for all issues rated as ‘Critical’
  • $1,000 for issues rated as ‘Moderate’
  • $500 for issues rated as ‘Normal’

Step by step claiming guide

  1. Send an email to openbeta@polkadex.trade requesting for your rewards to be sent out to the Polkadex account address you used to file the feedback.
  2. Use the subject line ‘Cycle n rewards request’ where ’n’ is the cycle number for which you are requesting rewards.
  3. Attach a screenshot of your eligible rewards from the rewards tally spreadsheet.
  4. Make sure to use the same email address mentioned on your verified on-chain identity. Only the Open Beta testers who send the reward request email from the same email address as the one listed on their on-chain identity will receive their respective rewards. Double check whether your on-chain identity is verified. As mentioned in the Terms & Conditions, only testers with a verified on-chain identity will be able to claim rewards.
  5. Shortly after you send your rewards claim to openbeta@polkadex.trade, you will receive a link to verify your identity. Complete the identity verification instructions in the link.*
  6. After your details have successfully been verified, the Polkadex finance team will send you your rewards.
  7. Be sure to claim your rewards using the steps in this guide before the end of the next testing cycle (45 days from October 2nd)
  • Checking whether the email address your request is sent from matches the email address provided on your on-chain identity and your logged GitHub issues
  • Whether the rewards claimed are accurate
  • Whether the screenshot from the rewards tally spreadsheet matches the actual amount on the sheet.

Terms & Conditions

The Polkadex Open Beta is a program designed to evolve with the needs of development as the Polkadex ecosystem grows. As a result, this also means the Terms and Conditions for participating in the program will change periodically.

Thank you, Polkadexers

By participating in the Open Beta program, you are contributing to the creation of a new era in non-custodial trading. Your contributions will ensure Polkadex Orderbook, PolkaIDO, and all other Polkadex products, features, and updates are as resilient and user-friendly as possible before they roll out onto their respective mainnet releases. On behalf of future Polkadexers and DeFi users, the Polkadex team thanks you for participating in the Open Beta.

About Polkadex

Polkadex is a non-custodial, peer-to-peer, orderbook-based cryptocurrency exchange for the DeFi ecosystem built on Substrate and designed to become the ultimate trading engine for Web3. In order to do so, Polkadex is creating an easy-to-use platform that combines the benefits of centralized and decentralized exchanges into one cutting-edge solution that caters to all crypto traders.

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