# TermMax Leaderboard

### Overview

* **Real‑time rankings** of participants by **Total TMX rewards**.
* Rewards come from two primary channels:
  1. **Position Rewards** – TMX earned via lending, vault deposits, and range‑order making.
  2. **Referral Rewards** – TMX earned by growing an active user community.
  3. **Mindshare Rewards** – TMX earned by sharing TermMax‑related content on X (formerly Twitter)  (Coming soon)
* All rewards are distributed from the **TMX Token Pre‑mine** allocation of **40 million TMX** (4 % of total supply).

### Leaderboard Structure

#### Ranking Columns

The leaderboard displays the following key metrics for each participant:

| Column           | Description                                 |
| ---------------- | ------------------------------------------- |
| Rank             | Position based on Total TMX Reward          |
| Wallet           | Participant's wallet address                |
| Referral Reward  | TMX earned from referee activity            |
| Position Reward  | TMX earned from personal mining and trading |
| Total TMX Reward | Combined Referral + Position rewards        |
| Mindshare        | Social impact score (coming soon)           |

### Referral System

#### How It Works

The referral system rewards users for building active communities within the TermMax ecosystem. Referrers earn a percentage of their referees' Position-Pool rewards based on the number of active users they bring to the platform.

#### Referral Boost Structure

Referral Boost rates are tiered based on the number of active referees:

| Active Referees | Referral Boost |
| --------------- | -------------- |
| < 10 referees   | 3%             |
| 10-49 referees  | 5%             |
| 50-99 referees  | 8%             |
| ≥ 100 referees  | 10%            |

#### Active User Definition

An Active User is defined as any referee who performs qualifying actions with a minimum notional value of $100, including:

* Lend: Buy FT tokens
* Vault: Deposit assets into Earn Vaults

```
Referral Reward = Σ(Position‑Pool Rewards earned by your referees) × Referral Boost Rate
```

*Example*

> 25 active referees ⇒ **5 % tier**
>
> Referees collectively earn **10 000 TMX** from Position‑Pool rewards
>
> **Your reward:** `10 000 × 5 % = 500 TMX`

*Sybil-prevention clause: If any "Sybil" activity is detected, TermMax reserves the right to retroactively revoke all corresponding TMX rewards and entitlements.*

### Reward Distribution

#### TMX Token Pre‑mine Integration

* **Source:** Rewards are funded from the 40 million TMX pre‑mine pool.
* **Distribution cadence:** Monthly campaigns with *daily* accrual snapshots.

#### Reward Accrual

* **Near‑real‑time updates:** The leaderboard refreshes multiple times per day.
* **Automatic accrual:** No manual actions needed during campaigns.

### Building Referral Networks

1. **Share** your unique referral link widely.
2. **Prioritise quality users** who will stay active.
3. **Support your referees** to maximise their Position‑Pool earnings.
4. **Climb tiers** to unlock higher Referral Boost rates.

### Important Notes

#### Program Flexibility

TermMax reserves the right to:

* Adjust reward rates and eligibility requirements.
* Modify Referral Boost structures.
* Terminate campaigns early if necessary.
* Implement other changes to protect long‑term ecosystem health.

#### Transparency

Wallet addresses and X(Twitter) handles are displayed publicly for transparency&#x20;

***

### Further Reading

For in‑depth details on TMX tokenomics, claim procedures, and monthly campaign mechanics, see the [**TMX Token Pre‑mine documentation**.](/incentives/tmx-token-pre-mine.md)


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