The Initiation Campaign
The Initiation is Pumex's pre-TGE liquidity incentive campaign — the mechanism by which the protocol identifies and rewards its earliest, most committed participants before any public market opens. It runs on InjectiveEVM and is built around a Samurai-era Japanese theme.
The Stakes
40% of total PMX supply is reserved for Initiation participants. This allocation is not assigned through a whitelist, private round, or VC allocation. It is earned by participants through on-chain activity over the course of the campaign.
No insider advantage. No pre-selected recipients. The only variable is how much you participate.
Two Earning Paths
Everything in The Initiation collapses into one number: Initiation Points (IP).
IP = LP Points + Crest Points
There are two ways to accumulate IP, and they stack on top of each other:
| Path | How | Tracked as |
|---|---|---|
| Provide liquidity | Deposit into eligible Pumex pools and keep your position active | LP Points — earned continuously |
| Collect Crests | Claim NFT badges by meeting on-chain milestones | Crest Points — earned one-time per Crest |
At TGE, your total IP determines your proportional share of the 40% PMX allocation, which converts into governance weight in the Pumex protocol.
How It Works
The campaign follows a simple three-step arc:
- Provide liquidity — deploy capital into eligible Pumex pools on InjectiveEVM to begin earning LP Points continuously.
- Collect Crests — claim milestone-based NFT badges as your on-chain activity qualifies you for them, adding Crest Points to your total.
- Claim at TGE — when the Token Generation Event occurs, your accumulated IP converts into your share of the PMX governance allocation.
Structure & Timeline
The liquidity incentive program runs for six weekly epochs, beginning June 18, 2026. Epochs run Thursday to Thursday, aligned with the protocol's weekly governance snapshot at Thursday 00:00 UTC.
| Detail | Value |
|---|---|
| Start | June 18, 2026 |
| Epoch cadence | Weekly — Thursday 00:00 UTC → Thursday 00:00 UTC |
| Number of epochs | 6 |
| Crests | Released progressively across (and in some categories beyond) these weeks |
| After TGE | Campaign continues briefly to let the protocol settle, then a claim window opens |
Exact TGE timing and the claim window dates are announced on a separate track closer to launch. Do not treat the end of epoch 6 as the campaign's final deadline — Crests in some categories continue to release beyond the six core epochs, and the claim window opens after TGE settles.
The Initiation vs. The Dojo
The Initiation is the on-chain pre-TGE points campaign described on this page — liquidity provision, Crests, and IP that converts to PMX governance at TGE.
The Dojo is a separate, Discord-based community reputation system that tracks and rewards helpful members through scoring, tiers, and streaks.
Both share Pumex's Samurai theme, but they are independent systems with no mechanical overlap.
Next Steps
- Initiation Points & Ranks — how LP Points are earned, the four factors that set your rate, and the six-rank ladder driven by your total IP.
- Crests — the six categories of NFT badges, their requirements, IP rewards, and mint caps.