🏆 Wallet Rewards season 2: Squads, $750,000 in prizes

22 Jun, 2026

Wallet Rewards Season 2 is live. The format has changed: this season is played in Squads. You join a team, your Points add to a shared balance and your Squad climbs the Leaderboard together.

All counters reset to zero. Season 1 standings do not carry over. Everyone starts fresh.

How Squads work

Join a Squad → earn Points → move your team up the Leaderboard

Two rules define how Squad membership works:

The joining rule
Points count toward a Squad only from the moment you join. Trades made before joining don't count for the team. Join early so your volume doesn't go to waste.

The leaving rule
You can leave a Squad at any time. If you exit, your Points stay with the old Squad — the team keeps its progress, but you're no longer eligible for that Squad's rewards. In your new Squad, you start from zero.

How to earn Points

There are three ways to earn Points for your Squad:

Spot trading: 1 Point for every $10 swapped in Wallet
Perpetuals trading: 5 Points for every $100 in trading volume
Referrals: +20% on all Points generated by every user you invite

Spending Points on Boxes does not reduce your Squad's leaderboard balance. You can open Boxes and claim instant rewards without affecting your team's position.

The season also includes boosts: temporary multipliers and community goals that unlock over time. They will be announced in advance in the app and in the dedicated Wallet Rewards channel.

How the $750,000 in prizes is distributed

Two reward tracks run in parallel throughout the season.

1. Top 50 Squads: $400,000

The top 50 teams on the Leaderboard share a fixed reward pool:

#1 Squad — $100,000 in various crypto assets
#50 Squad — $500 in various crypto assets

Each Squad's prize is shared among its Top 20 contributors by personal Points. To qualify for a share, you have to contribute.

Squad milestones

Every Squad can earn additional rewards by hitting shared Point thresholds — regardless of Leaderboard position:

100,000 Points — $100 pool, shared among 10 users
500,000 Points — $500 pool, shared among 20 users
1,000,000 Points — $1,000 pool, shared among 20 users
10,000,000 Points — $10,000 pool, shared among 50 users

Higher tiers remain hidden and unlock as Squads progress through the season.

2. Individual Rewards: $350,000

No Squad ranking required. Open Mystery Boxes, claim gifts and complete tasks throughout the season to earn your share of the individual $350,000 pool.

Eligibility and payouts

Minimum 1,000 personal Points required to qualify for a payout
Payouts are made within 14 days after the season ends
Rewards are paid in various crypto assets