🔥Alpha Trading Volume Tiered Multiplier Challenge Is Here — Boost Your AP Faster!

To provide all traders in the Alpha Market with more intuitive and accumulative rewards, we are introducing the new Tier-Up Challenge — unlock higher AP multipliers simply by increasing your cumulative trading volume.

In the TermMax ecosystem, AP (Alpha Points) is a key metric for TGE airdrop allocation. This tiered system ensures that every trade contributes to your long-term growth: as your cumulative notional trading volume increases, you will unlock higher AP multiplier tiers, allowing your rewards to scale steadily with your activity.

Join the challenge, push for higher tiers, and enjoy accelerated AP growth!

Event Period

2025/12/08 12:00:00 - 2025/12/21 11:59:59 UTC

Trading Volume Calculation Rules

The trading volume counted for this challenge is based on Notional Volume, which is not the same as your actual opening cost (Max Cost).

A user’s trading volume is calculated as the cumulative notional trading volume, including all notional Buy and Sell volumes for Long and Short options.

User Cumulative Trading Volume = Notional Buy Volume (Long/Short) + Notional Sell Volume (Long/Short)

Example: If you open a Long position with a notional trading volume of 100 USDT, your actual cost may be only 10 USDT. When you close the position by selling the option, it also counts as 100 USDT in notional volume. Your cumulative trading volume becomes: 100 USDT + 100 USDT = 200 USDT.

AP Multiplier Tier Unlocks

Cumulative Notional Volume	AP Multiplier
500K	1.05x
1M	1.1x
3M	1.15x
5M	1.2x

Important Notes

• When your account's cumulative trading volume first reaches 500K, your trading tier will be upgraded during the next settlement cycle (system settlement usually takes 3 to 5 hours). Following the upgrade, every subsequent trade will multiply your existing AP base multiplier (currently 10x) by 1.05.

• This multiplier will not be upgraded to the next level's multiplier (e.g., 1.1x) until your cumulative trading volume hits the next tier threshold of 1M, and so forth.

• The tiered multiplier only applies to trades executed after the tier threshold is triggered AND the system settlement is complete, and it remains unchanged until the next tier is unlocked.

Example

The base multiplier for each Alpha trade is 10x. When your cumulative trading volume reaches 500K and the system completes the settlement, the 1.05x multiplier is activated, meaning all subsequent trades will earn points based on 10 × 1.05 = 10.5x. When your cumulative trading volume reaches 1M and the system completes the settlement, the multiplier is upgraded to 1.1x, and all subsequent trades will be calculated at 10 × 1.1 = 11x.