Rails

Derivatives

Rails is a perpetual trading platform that seamlessly integrates between centralized order processing and on-chain custody, bringing users the best of both worlds on one platform. Rails is deployed on Kraken’s Layer 2 network (Ink).

Airdrop Strategy

Points program is live: ✅ Sign up and do KYC ✅ Trade to earn points weekly

Points and Rewards

Compete to Earn: Join weekly competitions on Rails by climbing the leaderboards. Points are awarded every Monday at 12 AM UTC to the top 20 traders on each leaderboard:

Total P&L
Relative P&L
Trading Activity (starting June 23; points awarded from June 30)

Leaderboard Criteria

Total P&L: Based on your total realized profit/loss for the week.
Relative P&L: Measures growth using this formula: Relative P&L = Absolute P&L / max(500, Starting Balance + Deposits)
Trading Activity: Rewards active traders using: Score = Volume × (Trade Count)^0.8

Weekly Rewards

300,000 Points Weekly 100,000 points per leaderboard, shared among the top 20 users. Higher ranks earn more.
Distribution Formula Points decrease exponentially by rank using: P(r) = ((1−pⁿ)/(1−p)) × p^(r−1) × L Where p = 0.8, n = 20, L = 100,000, and r = rank.