The epoch ends on August 10.

From today, there are 9 days left. A total of 2,710,049 $VELVET allocations depend on how the leaderboard changes during this final period.

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First, let me talk about my current status.

Continuous mining: Day 18, current bonus is about +90%. If I keep the chain going until August 10, I can reach roughly +135%.

Cumulative trading volume: around $15,000, falling between the second and third tiers of multipliers.

Leaderboard position: mid-to-upper range. I’m not sure about the exact rank, because @Velvet_Capital’s leaderboard only shows relative positions and does not display the specific Gem distribution.

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This is my biggest confusion.

I don’t know how far behind (or ahead of) the people in front I am.

Is it 100 Gem or 10,000 Gem difference? If the gap is small, you might catch up by pushing hard in the last few days; if the gap is big, then no matter how hard you rush, it won’t matter.

This lack of transparency makes decision-making very difficult.

I understand the platform may not want the leaderboard to turn into a pure arms race, but for users, if you can’t see the gap at all, it’s hard to make a rational judgment.

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My sprint strategy:

Core principle: don’t make money-losing trades just for Gem.

Specifically—

1. Keep continuous mining without breaking the chain. This is the best value-for-money thing you can do—takes 30 seconds a day.

2. Keep the normal trading cadence unchanged. In my daily life, I use Velvet for spot and perpetual futures trading, so there’s nothing extra I need to change. If there’s an opportunity, I’ll act; if not, I’ll wait.

3. Watch how the leaderboard changes in the last 3 days. If you notice your position dropping quickly, it means big capital is pushing volume. Then reassess: chase or don’t chase.

4. Don’t chase. Most likely, I won’t chase. I can’t afford the cost of big capital pushing volume, and forcing a chase would only distort my trading.

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A few things I can’t quite figure out:

1. After the epoch ends, how do Gem convert into $VELVET? Is it automatically allocated, or do you need to claim manually? If it requires manual action, is there a time limit?

2. Are the allocated $VELVET immediately tradable, or is there a lock-up period? This directly affects the real usability of the returns.

3. Will the rules for the next epoch change? If the multiplier system is adjusted, would the accumulated consecutive days still matter?

I couldn’t find clear answers to these questions in the official documentation. If someone knows, feel free to tell us in the comments.

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Let me do the math at the end.

Assuming I end up in the top 30%, 2,710,049 $VELVET will be allocated according to the leaderboard weighting.

How much you can get depends on the total number of participants, the Gem distribution across each tier, and the weighting algorithm. I don’t have access to any of those variables.

Roughly estimated based on the current $VELVET price, the收益 for mid-tier positions might be somewhere between dozens and a few hundred dollars.

Not numbers that change your life, but as an extra reward for normal trading behavior—still pretty good.

The key is: my trading doesn’t get distorted because of the Gem. If I profit, it’s a bonus; if I don’t, there’s no extra loss.

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This is my third record since I started Gem mining.

From mechanism breakdown, to day-to-day experience, to the final sprint strategy.

Overall impression: Velvet’s Gem system design is reasonable. It ties user activity to token allocation, and the logic is coherent.

But for ordinary players, the most important mindset is: first make sure your trading itself has positive expected value, then treat the Gem as a bonus on the side.

The order is reversed—then it’s easy to lose money just to mine.

Trading involves risk, and the $VELVET price is volatile. Airdrop returns are uncertain—don’t take on trading risks beyond what you can handle just to chase the ranking.