OKX Launches DATA Trade-to-Earn Campaign With 1 Million Token Rewards

Global cryptocurrency exchange OKX is launching a trading rewards campaign for DATA, an artificial intelligence data infrastructure project formerly known as Story.

OKX announced on July 7 that it will run the DATA Trade to Earn campaign through July 20. The campaign is designed to boost trading activity in the token.

The total reward pool is 1 million DATA tokens. Of that, 170,000 DATA tokens are allocated to new users. To qualify, users must deposit at least 100 USDT into OKX and complete spot trades of an equivalent value.

Eligible new users will receive 17 DATA tokens each. The rewards are limited to the first 10,000 participants.

OKX has allocated 830,000 DATA tokens for spot trading rewards. Users qualify by completing at least 500 USDT in DATA/USDT spot trades. Final rewards will be calculated based on each participant's valid trading volume as a proportion of the total valid trading volume of all participants. The maximum reward is 13,000 DATA tokens per user.

Both buy and sell orders will count toward trading volume. Trades with zero or negative fees will be excluded. Transactions made through Simple Buy and Convert also will not count.

Early participants in the spot trading campaign will receive higher weighting. Trades completed on the first day of the campaign will receive a 2x multiplier, which then declines sequentially to 1.7x, 1.4x and 1.1x. From July 18 through the end of the campaign, a 1x multiplier will apply.

Rewards will be distributed after the campaign ends. New-user rewards will be paid within three days after the campaign closes, while DATA/USDT trading rewards will be distributed within two days.

The campaign is open only to main accounts, not sub-accounts, OKX said. Users may be excluded from rewards if the exchange detects abnormal trading activity, including the use of multiple accounts, false identity information, wash trading or volume manipulation.