Aster announces the launch of Marina Protocol (BAY) perpetual contract, trade to share a $50,000 ASTER token reward.
**Aster Launches BAY Perpetual Contract, $50K ASTER Rewards Up for Grabs**
On April 8, Aster announced the launch of the Marina Protocol (BAY) perpetual contract. Traders who participate can share $50,000 in ASTER token rewards.
### Key Details
- **BAYUSDT Launch Time**: 20:00 UTC+8 on April 8
- **Reward Pool**: $50,000 worth of ASTER tokens
- **Event Period**: 20:00 UTC+8, April 8 – 22:00 UTC+8, April 15
- **Fee Bonus**: BAYUSDT perpetual contract trades get a 1.2x bonus on trading fees during the event
### Reward Calculation Rules
Rewards are distributed proportionally based on a user’s BAYUSDT perpetual contract trading fees relative to all eligible users:
\[ \text{Reward} = \text{Total Reward Pool} \times \left( \frac{\text{User’s BAYUSDT Fees}}{\text{Total Eligible Users’ BAYUSDT Fees}} \right) \]
### Eligibility & Limits
- Users must generate **total trading fees > $5** to qualify
- Single user reward cap: 3% of the total reward pool
- Rewards < 1 AS
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