DipCoin has activated Season 1: Horizon, the protocol’s first formalized, long-term incentive framework for its perpetual and Vault ecosystem. The rollout establishes the scoring logic, risk controls and reward architecture DipCoin intends to reuse across subsequent incentive seasons, with the stated objective of aligning rewards to economically meaningful participation rather than one-off volume spikes.
The Horizon framework expands eligibility beyond raw trading volume to include measures of capital committed and position exposure, and it incorporates mechanisms intended to penalize or at least not reward superficial or manipulative behaviour. According to DipCoin, the goal is to convert short-term marketing-style rewards into a repeatable, contribution-driven engine for ecosystem value distribution.
Why “Horizon” and what it represents
The program name - Horizon - is described by the protocol as symbolic of a shift: from a standalone perpetual trading venue to a contribution-focused ecosystem. Season 1 is the first live deployment of DipCoin’s long-term points ledger, a system that will act as the canonical reference for distributing ecosystem benefits in future seasons.
Rather than awarding participants solely for trading volume, Horizon credits four distinct categories of activity within DipCoin’s Perp Accounts and Vault Accounts. Swap activity is explicitly excluded from Season 1 calculations, a design choice the protocol says ensures rewards map to on-chain economic engagement instead of surface-level interaction.
Season 1 calendar
All timestamps referenced in Season 1 use Coordinated Universal Time (UTC). The season began on February 4, 2026 at 00:00 UTC and ends on March 20, 2026 at 23:59:59 UTC. DipCoin’s user interface will translate those UTC times into each user’s local timezone for convenience.
How points are measured
Season 1 quantifies participation using four core point categories:
- TVL Points (Deposit Contribution) - generated from average daily deposited balances.
- Trading Volume Points (Trading Activity) - generated from executed perpetual trades and Vault strategy executions.
- Position Holding Points (Position Size Contribution) - generated from average daily effective position size.
- Liquidation Points (Loss-Based Conversion Points) - generated when forced liquidations occur and cause real losses.
DipCoin limits Season 1 calculations to Perp and Vault activity; swap trades are excluded. The company frames this set of metrics as a way to make rewards correspond to substantive market participation - deposits, ongoing leverage exposure, active trading, and actual economic losses when liquidations occur.
Early Bird Rewards for prior participants
To recognize traders who engaged with the platform prior to Season 1, DipCoin incorporates historical trading volume and liquidation loss points into an Early Bird Rewards allocation. Those historical trading-volume and liquidation-loss points receive a 3x multiplier and are displayed in each qualifying user’s Early Bird Rewards dashboard section. The protocol specifies that TVL, position holding, team boosts and referrals are not included in Early Bird calculations.
Computation of a user’s Season Points
Season Points are the sum of Daily Base Points, Boosted Points, Referral Rewards and any Early Bird Rewards collected during the season. Boosted Points come from team-based multipliers and are computed as:
Boosted Points = Daily Base Points × (Team Multiplier − 1)Final Season Points for a user on a given day therefore equal Daily Base Points plus Boosted Points plus Referral Rewards plus any Early Bird Rewards accumulated across the season.
Welcome Bonus for new users
New users who bind a wallet using an invitation code receive a Welcome Bonus for the first three natural days following the bind. During that three-day window, all Base Points earn a 2x multiplier. The bonus applies to each of the four Base Point categories: TVL Points, Trading Volume Points, Position Holding Points and Liquidation Points.
If an inviter brings in new users while still in their own Welcome period, the inviter keeps the 2x bonus for that day; from the next day forward the inviter moves to standard inviter status and begins collecting referral rewards instead.
Team acceleration mechanics and participation thresholds
DipCoin’s team acceleration model aims to reward collaborative growth. Each user may create one team and join one team, and a user can serve simultaneously as an inviter and an invitee. When determining an effective team multiplier, the system compares a user’s team multipliers and applies the higher of the two.
To prevent passive or shell accounts from inflating team multipliers, the protocol requires that directly invited members meet minimum activity thresholds before their activity counts toward team acceleration: daily trading volume must be at least 2,000 USDC and daily average position size must be at least 500 USDC. DipCoin also disallows inviters from counting their own points toward their team total.
Referral rebate rewards
Inviters receive 10% of the Base Points generated by each qualified direct invitee. An invitee must accumulate at least 20 Base Points before they begin to generate referral rewards for their inviter. Referral rewards are additive and do not reduce the invitee’s own points.
Post-season settlement and verification
On season close, DipCoin freezes Season 1 data. The protocol performs a risk review and verification process, which is completed within seven business days. Following verification, final confirmed results are published and reflected on user dashboards. Season 1 points are archived for historical reference and new seasons will begin fresh accumulation.
Why the architecture matters
DipCoin contrasts its approach to programs that reward raw volume alone. The Horizon system intentionally combines capital commitment (TVL), position exposure (position holding), trading activity (trading volume) and community growth (referrals, teams) into a composite score. The protocol frames this multi-dimensional design as a means to encourage behavior that supports liquidity, market depth and longer-term platform health, rather than short-term spikes in activity.
How to participate
Season 1: Horizon began on February 4, 2026 at 00:00 UTC. Users can earn points by depositing into Perp or Vault accounts, trading perpetual contracts, holding positions, participating in Vault strategies and inviting qualified users through the referral mechanism. Additional details and the user dashboard are available at https://dipcoin.io.
About DipCoin
DipCoin is a decentralized perpetual trading protocol built on Sui that offers fully on-chain, non-custodial perpetual markets, on-chain strategy participation and transparent execution infrastructure. The protocol is positioning its trading primitives and participation tools toward long-term on-chain market participants.
Contact
CMO Bobby Ho, DipCoin
[email protected]