The Katana Points Program launched March 19th, 00:00 UTC alongside Katana Perps. Every trade, every position, every contribution since then counts.

This is the largest $KAT distribution event to date for the community. Season 1, "The Forge," rewards both early participants and consistent builders who grow with us.

Let's dive in.

Katana Perps is a core application within the Katana stack, not just a dApp sitting on top of it.

That means trading activity feeds directly into Katana’s flywheel from day one, making our priority clear: building a stable, competitive, and organic flow of volume and activity to the Katana ecosystem.

The Points Program is designed to reward and incentivize:

We are fully aware of how traditional points programs have evolved. Early participants often capture the majority of rewards, while consistent and new users get diluted over time.

Our model evolves as activity grows, balancing early participation with long-term consistency, while remaining worthwhile for new users who join, stay active, and grow alongside Katana and Katana Perps.

Future seasons and incentive programs will continue this mindset.

Katana Perps has been battle-tested prior to launch, so this is not a beta with rewards.

Deep liquidity and active order books were prepared ahead of launch, enabling support for a wide range of trading approaches from day one.

This allows the Points Program to focus on real trading activity rather than incentivizing artificial behavior.

Whether you scalp, swing, or run algorithmic strategies, Katana Perps is designed to support execution comparable to a centralized venue, with full API support available.

Katana Perps is built by a team with deep expertise in trading infrastructure. You can read more here.

Details on points-to-token conversion rates and Phase 1 conclusion timing will be announced as the program matures.

Points allocations are reviewed and adjusted weekly to maintain balance between:

This ensures the system remains competitive without being overly front-loaded.

Here’s how the weekly cycle works:

This structure allows participants to clearly track how their activity translates into points and develop strategies to maximize the opportunity.

The referral system is live in Season 1, though users must first reach a $50,000 notional trading volume to unlock it and receive 10 seats to share with friends. Referrers will earn a percentage of the points generated by their referees.

Additional referral activations and deeper integrations into the Points Program will roll out in the coming weeks and months as we continue exploring the social side of trading. It's worth building your Samurai Clans early.

Points are not limited to trading. We will also recognize:

Weekly off-chain activations will be announced through our social channels.

Participants will be able to opt in by completing the form here and engaging across our official channels.

Points from off-chain activities will be distributed at the end of Phase 1.

Katana Perps is currently invite-only.

Access codes are being distributed through partners and across our official channels. If you’re paying attention, you’ll likely find one.

More activations, refinements, and competitive incentives will be introduced as Season 1 progresses.

Stay tuned through our official channels, continue trading, contributing, and forging alongside us.

We’ll see you at the Dojo.

- Katana Perps Team