Update on referral fee: a better system for traders & creators

We've made a major redesign of the referral system which actually drives volume and creates more rewards for traders and creators.

Instead of the 5% token fee, we increase +5% to referral tiers. Now max tier gets you 45%!

This will drive volume: more traders on the platforms will increase your earnings. A system that benefits both.

Ambassador Program Update / Msg us on Telegram

The affiliate program is live and we've already in contact with some of you. Yet we cannot contact everyone fast.

To accelerate the process, we've created an official Telegram account for the program:

@catapult_manager

Dm us and get your free deposits for community and increased referral tier if selected. If you still haven't applied, do this via link:

https://forms.gle/Xup6pmQ9apBVfmNw5

Note! Do not dm us regarding other issues on this account. Instead talk to our support in the Telegram chat or in the app.

Only dm accounts that are mentioned in the public Catapult resources. Use the link, don't search the handle.

ULTRA PATCHED PERFORMANCE IS LIVE

You might have noticed there were some issues with performance (lags/latency) lately because we're growing so much.

Fixed now. Team just released a major update that brings top-tier trading platform performance.

Go test it. Write in the comments if you encounter any issues still.

Graduate your Turbo tokens on-chain / NEW YEAR Release

On-chain launches on Catapult are coming soon — and this will be a major component of what Turbo is. Before Hyper, we're bringing Turbo on-chain, offering users a completely new token launch mechanic with no supply overhang and no liquidity requirements.

The process is simple:

>create tokens on Turbo
>some of those will hit $50k volume
>you're offered the opportunity to launch your own token on-chain at zero cost

Because we source liquidity from existing volume, you get a proper fair launch:

>all token supply in the pool: no sellers who bought before graduation
>high health ratio from terminals
>everyone has a shot

All tokens will be basically auto-marketed through the platform via a time window short enough to create enough hype/tension.

We're implementing an anti-sniping mechanic that will make conditions even better for shrimps.

The on-chain mechanic comes together with updated incentives, starting a new period in rewarding users and tracking their all-time scores.

Trade cheaper / 24 hours

We're introducing a 25% discount on trading fees for 24 hours (starting in 2 hours). Trade before 5 pm UTC tomorrow and keep winning.

Go trade 👀

Merry Christmas tradoors!

All funds are safu. All issues will be fixed.

CATAPULT YOUR EXPECTATIONS

devs/support team worked overtime on Christmas to fix the the deposit/withdrawals issues + they should be mostly resolved by now

check your balance + report if there are still any issues we'll fix asap

Current deposit issues are mostly resolved. To all the unfortunate souls who struggled with those issues, as a sign of gratitude, we're giving a small bonus:

We took 10,000 big macs from our seed round and are distributing them among those affected + 10k score (for both current round and all-time)

Scores aren't just numbers. They affect incentives down the line + they're worth hunting for

Check your balances!

Happy New Year, Catapult Enjooyers

Catapult team wishes you a wonderful New Year's eve + great wins to come in the new year

We want to deliver for our users both a fun AND rewarding experience

What to expect, starting Jan:

> token graduation rollout
> new rewards system
> hyper
> new undisclosed features

Your activity on Catapult is more important than you think. Be sure it's not just real time incentives. More to come!

Points System / Get Rewarded For Every Action

We're introducing a new points system, with a complete overhaul of periodic rewards, — the update will properly incentivize your activity in the app

Points will be the criterium in the future iterations of rewards and incentives.

Get points for:

>every $1 of volume
>token creation
>referral volume (up to 45% of volume)
>mindshare

The new system will go live on Jan 6. Your scores will migrate at a 1 to 1 ratio.

1% referral share for token creation / make more on refs

We're adding an experimental feature of 1% token creation fee for referrals. We'll track how it runs and it its effect on platform growth for the next 7 days.

For you it means you're earning more on referrals: both from their volume and from the tokens their create

Invite + earn twice as much

New points / new rewards

Scores are out, points are in — a new system that incentivizes activities in a balanced way and distributes current and future rewards based on your actual contribution.

You're rewarded for:

>trading
>token creation
>referral volume
>mindshare

There are now two leaderboards distributing rewards: general activity (tracking all activity) and mindshare mining. These have separate pools and weights, so mindshare no longer drains rewards from the general pool.

General activity rewards are distributed daily, while mindshare has a weekly leaderboard.

Your points carry real value, which is why we're strict about any fraudulent or unfair activity related to points gaming.

We've conducted a thorough review of inauthentic activity in mindshare and, based on data analysis, calibrated the points for those activities. Users who engaged in inauthentic behavior received their share of rewards in USDT, but we can't allow these scores to influence future reward distribution.

We still have some fine-tuning to do for mindshare, so it's coming tomorrow with a new system that's independent of engagement and based solely on account reputation.