The GammaX Exchange beta testnet is now live. Users can complete simple tasks to earn points in exchange for GammaX tokens. The more points you earn, the more tokens you can receive. In this article, we will explain what GammaX Exchange is and how to position yourself for the upcoming airdrop.
GammaX Exchange Airdrop Step-by-Step Guide
Here’s how to get a potential GammaX Exchange airdrop:
- Sign Up for Beta Testnet here.
- Answer Quizzes on Learn-to-Earn Platform
- Share Referral Link
- Follow GammaX Exchange on Twitter
See below for more details.
What is GammaX Exchange?
GammaX Exchange is a decentralized platform for trading derivatives that provides the best of both worlds: the speed and liquidity of a centralized exchange and the security and governance of the blockchain. With audited smart contracts on StarkWare L2, GammaX ensures security and custody of users’ assets.
The platform also offers a fast and easy user experience with an optimized off-chain order book, matching engine, and intuitive user interface. GammaX’s unique tokenomics and rewards system incentivizes genuine trading and retention while discouraging fraudulent activities such as wash trading and pumping/dumping of the token value.
Investor Funding
GammaX Exchange is backed by some of the biggest names in the crypto industry such as StarkWare, Alchemy, Cobo, Matrixport, Dexterity Capital, and Kyber Ventures. In August 2022, the team successfully closed a $4 million seed round, with Genesis Trading being one of the investors just before the FTX collapse.
Does GammaX Exchange have a Token?
Yes, GammaX Exchange plans to launch their own token. The tokenomics details are not out yet, but they have recently launched a rewards platform to incentivitize users for using the protocol. You can earn pre-token Gamma Points by completing various tasks on the GammaX rewards platform. These points will most likely correspond directly to your airdrop rewards once the token is launched.
How to Receive GammaX Token Airdrop?
The best way to receive GammaX airdrop is to sign up for their beta testnet (rewards platform) and complete tasks to earn pre-token GammaX Points. Here’s a step-by-step guide:
- Sign Up for Beta Testnet
Sign up at gammax.exchange/beta-tester/?referral=44FA987 with our referral code (we each get 200 extra points)! Once you have signed up, 100 points will be automatically credited to your account.
You can see your points and other account details at gammax.exchange/dashboard. - Answer Quizzes on Learn-to-Earn Platform
There are multiple courses available on gammax.exchange/learning-rewards. These courses involve watching video guides on certain crypto topics and then doing a quiz. You can earn up to 300 points for completing each course.
- Share Referral Link
You will automatically receive your referral link upon signing up. If it doesn’t appear, please contact customer support by clicking the “chat” icon located at the bottom left corner of the screen.
You can share your referral link with friends, and you will receive 200 points for each friend who signs up using your link (limited to 2 referrals per day). - Follow GammaX Exchange on Twitter
After following GammaX on Twitter, fill out this form with your wallet address and Twitter handle. 400 points will be credited manually every Monday.
Airdrop Review
Likelihood of Airdrop: GammaX has launched a rewards platform for users to earn points from completing tasks on the beta testnet. These pre-token points will correspond to your airdrop rewards once the token is issued.
Airdropped Token Allocation: We do not yet know how much they will allocate for the airdrop. But for the time being, there is no limit to the Gamma Points you can earn.
Airdrop Difficulty: The tasks are very easy to complete. All you have to do is watch the video guides and complete the quizzes for points. Additionally, you can refer to friends with your referral link and follow GammaX on Twitter.
Token Utility: Their token utility is unknown, but it is likely it will follow the model of other decentralized exchanges (i.e. reducing transaction fees, providing liquidity).
Token Lockup: There are no available tokenomics yet.
Disclaimer: Cryptocurrency trading involves significant risks and may result in the loss of your capital. You should carefully consider whether trading cryptocurrencies is right for you in light of your financial condition and ability to bear financial risks. Cryptocurrency prices are highly volatile and can fluctuate widely in a short period of time. As such, trading cryptocurrencies may not be suitable for everyone. Additionally, storing cryptocurrencies on a centralized exchange carries inherent risks, including the potential for loss due to hacking, exchange collapse, or other security breaches. We strongly advise that you seek independent professional advice before engaging in any cryptocurrency trading activities and carefully consider the security measures in place when choosing or storing your cryptocurrencies on a cryptocurrency exchange.
