Kraken is Also Issuing Tokens? A Comprehensive Guide to Ink Season 1 Points Program
Kraken Pro, the professional trading platform of the major cryptocurrency exchange Kraken, has launched the first season of its Ink Points program. Ink is Kraken’s Ethereum Layer 2 blockchain, introduced in October 2024, designed to simplify user onboarding into DeFi by addressing common pain points like complex wallet setups and high gas fees.
The article explains the differences between Kraken's three service tiers: the basic Kraken for beginners, the subscription-based Kraken+ offering fee-free tiers, and Kraken Pro for advanced traders with lower fees and professional tools. All versions share the same account and funds.
A step-by-step guide is provided for interacting with Kraken Pro: users must register, complete KYC, navigate to the "Promos" section to access Ink Points, deposit funds, and start trading to earn points.
Ink Points serve as a loyalty incentive within the Ink Layer 2 ecosystem. Points are earned through trading, staking, and referrals on Kraken Pro, with an affiliate program offering 10% commission on referrals. Points are calculated daily, distributed weekly, and accumulated over four-week seasons. A ranked, tiered competition system is in place, though points currently have no monetary value or tokenization capability. The program is not accessible in all regions.
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