Trading Rewards

How it Works​

Users who trade any NFTs on Few and Far earn trading rewards in the form of FAR, Few and Far's platform token.

Both the buyer and seller of an item earn rewards for their trading volume (except for private sales).

Trading rewards are calculated daily and rewarded to users 2 hours after the end of each day. The entire schedule of trading reward emissions will be over 17,304 hours (or approximately 721 days, using 24 hours per day), at which point all FAR token emissions will come to an end as the ecosystem becomes fully self-sustaining.

FAR Tokens Allocated to Trading Rewards​

Trading rewards will be earned over 4 phases with differing reward rates, based on a schedule of 24 hours per day.

Phase	Length	FAR Per Day For Trading Rewards
A	720 hours (30 days)	2,866,500.00 FAR
B	2,160 hours (90 days)	1,361,587.50 FAR
C	7,200 hours (240 days)	537,468.75 FAR
D	10,830 hours (361 days)	286,650.00 FAR

Calculating Trading Rewards​

Every day, trading rewards are calculated based on each user’s trading volume on Few and Far, as a percentage of the total platform trading volume, excluding private sales..

$$\text{User A’s trading rewards on Day 1} = {\frac{a}{b}} \times cUser A’s trading rewards on Day 1=ba​×c$$

Where:

• a = User A's Trading Volume During Day 1

• b = Total Platform Trading Volume During Day 1

• c = FAR Rewards Per Day

Example

• User A trades 10 NEAR worth of NFTs on Day 1.

• There is 10,000 NEAR total volume on Few and Far on Day 1.

Based on the above, on day 1, User A would receive:

$$\frac{10}{10,000} \times 2,866,500 = 2,866.5 \text{ FAR}10,00010​×2,866,500=2,866.5 FAR$$