DipCoin launches Season 1 ‘Horizon’ points & referral system for Sui-based perpetuals and Vaults
DipCoin has launched Season 1: Horizon, a multi-dimensional points and referral incentive program for its Sui-based on-chain perpetual trading protocol and Vault ecosystem. Running from Feb 4 to Mar 20, 2026 (UTC), Horizon expands rewards beyond raw trading volume to four activity categories: TVL (deposit contribution), trading volume (perpetual trades and Vault strategy execution), position holding (average effective position size), and liquidation loss conversion; swap trades are excluded. The program includes Early Bird Rewards that apply a 3× multiplier to eligible historical trading volume and liquidation loss points for pre-season users. New users who bind a wallet via an invite code receive a 3-day Welcome Bonus (2× Base Points). Points comprise Base Points, Boosted Points (team multiplier minus 1), Referral Rewards, and Early Bird Rewards. A team acceleration model lets each user create or join one team; team multipliers apply when members meet activity thresholds (daily trading ≥ $2,000 USDC and average position ≥ $500 USDC). Inviters earn 10% of qualified invitees’ Base Points if invitees reach at least 20 Base Points. After the season ends, DipCoin will freeze on-chain data and complete a risk review within seven business days before publishing final results. The protocol positions Horizon as a long-term incentive architecture to reward capital commitment, position exposure, trading activity and community growth rather than raw volume alone, aiming to reduce short-term manipulation and improve liquidity and platform health.
Neutral
The Horizon program is unlikely to cause an immediate strong price move for DipCoin’s token because it primarily restructures incentives and rewards user behavior rather than introducing new tokenomics or large token emissions. Short-term effects: modest increases in on-chain activity (TVL, trading volume, positions) are likely as traders and vault users chase points, which could temporarily boost demand for platform services and liquidity on Sui; however, swap trades are excluded and rewards are point-based, so direct buying pressure on a native token is limited. Mid-to-long-term effects: by rewarding TVL, position holding and liquidation loss conversion, the program targets deeper liquidity and retention, which can improve market stability and reduce exploitative volume spikes. Referral and team multipliers may increase user acquisition and sustained usage. Risks: users could still game thresholds or use borrowed capital to meet minimums, and the ultimate market impact depends on reward redemption mechanics (token emissions, vesting, or non-token rewards). Overall, the plan supports healthier on-chain metrics and platform growth but does not in itself create a clear bullish signal for the token price; impact on price is therefore neutral unless paired with significant token supply changes or large reward pools announced later.