Perpl

• 50,000 points in each week's pool
• Weekly snapshot on Wednesdays, award within 48 hours
• Organic trading, referrals and tournaments score
• There was a retroactive pre-season
• Separate sixteen-week campaign: 1,000,000 mPoints in total and a cash pool of $500,000 guaranteed, expandable to $1,000,000 depending on volume
• There are TWO programmes at once, and we were not counting this: 50,000 mPoints a week in the summer campaign and 50,000 points a week in the regular programme. A hundred thousand a week in total, against a supply of one million mPoints and a declared pool of between $500,000 and $1 million.
• The campaign had a clock: «Starting July 8th, we're launching a 16-week campaign». The end date was NOT published on any of their pages; 28-Oct-2026 is our arithmetic on their own stated duration, and it has passed.
• The only written exclusion is by participant type: institutional market makers are excluded from mPoints.
• The points clock, in their own app: «Epoch snapshots are taken each Wednesday at 16:00 UTC. Points are usually distributed within 48 hours». Whatever you trade after Wednesday at that hour counts towards the next epoch.

They do not publish the weight of each route — trading, referrals and tournaments — within the 50,000 weekly points. Searched in their docs on Aug 14, 2026.

• Who is excluded? They publish no list of sanctioned territories: they state the rule, not the countries.

• 29 Oct · the 16-week campaign, until 28-Oct-2026 by our arithmetic → The 16-week campaign ran its course on 28-Oct-2026 and Perpl has not announced another; Season 1 of the regular programme continues.
• 27 Oct · the mPoints campaign ran 16 weeks from 8 July → extended by 3 weeks, 19 in total: every milestone was hit and pool is left to spend; the MON arrives within a week of the end
• 1 Oct · we said 0.9 and 6.9 basis points, all on open → Perpl now charges 0.45 and 3.45 basis points on open and again on close: the same total as before, split in two.
• 22 Sep · the entry said nothing about how Perpl charges its fee → From Wednesday 23 Sep the fee is charged on opening and on closing, instead of all on opening. Rates and the total do not change.
• 23 Aug · our entry had an empty expiry and counted a single programme → Correction: the campaign runs 16 weeks from 8-Jul, there are TWO programmes of 50,000 points a week each, and whoever joins by link gets an extra 5% on their own points.
• 14 Aug · — → verified: season 1 open since Jun 10, 2026

Their Terms leave out the United States and sanctioned jurisdictions. They do not enumerate country by country, but the rule is written and it is the usual one: if you do not fall into those two categories, you are in. Read in their Terms of Use and their docs on Aug 25, 2026.

$9.25M led by Dragonfly Capital

Fifty thousand points per week, against the millions others hand out among the crowd: the pool is small and that's why you weigh more inside it. And there's a figure in money, not in points: $500,000 in the sixteen-week campaign.

X: x.com/perpltrade

Discord: discord.com/invite/6aNs4yFKac

Docs: docs.perpl.xyz

Checked by us in these sources on 2026-11-09