# $LV Point System

## $LV Genesis

The genesis distribution of $LV serves as a token of appreciation for the contributions of our earliest users.

There will be two limited-time seasons in total, where user contributions are measured through an on-chain, point-based system.

At the end of Season 0, the Token Generation Event (TGE) will take place.

Season 1 will begin a few days after Season 0.

Airdrops for both seasons will be distributed immediately and fully unlocked according to each user’s points.

All points are ERC-20 tokens and will not be burned.

After the Genesis event, $LV will move into its weekly epoch-based emission schedule.

{% hint style="success" %}
**LVUSD** and **LVMON** exchange will be available after the $LV Genesis Campaign
{% endhint %}

***

### How to Earn Points

* Trading
  * Points are awarded based on trading volume, PnL, and related performance metrics.
* Referrals
  * Once a user’s trading volume exceeds $100,000, referral eligibility is unlocked.
  * Referrers earn 25% of the points generated by their invitees.
  * Invitees receive additional point multipliers depending on the referrer’s tier.

{% content-ref url="/pages/tqF8wb0MV9ct41nn6gOL" %}
[📏 Point Fomula](/docs/liquidity-layer/usdlv-point-system/point-fomula.md)
{% endcontent-ref %}

***

#### Distribution & Continuity

* Points are settled instantly, with each epoch calculating airdrop allocations proportionally to users’ accumulated points.
* Airdrops are distributed in $LV tokens.
* At the end of each epoch, points are reset for the next cycle.

Following the Genesis Airdrop, the point system will remain active, and future $LV distributions will follow the emission schedule defined in the  [Tokenomics](/docs/liquidity-layer/trader-flywheel/tokenomics.md).

{% hint style="success" %}
During the LV Genesis Airdrop, Open/Close Fee will be **0.07%**\
After the campaign, open/close fee will back to standard smoothly
{% endhint %}


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