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Tag: perpetual futures

  • Aark Digital ($AARK) Token Airdrop Guide: LIVE NOW!

    Aark Digital ($AARK) Token Airdrop Guide: LIVE NOW!

    Aark Digital is a decentralized perpetuals exchange built on Arbitrum. The team has mentioned on Discord that there will be an airdrop for the community in the future. In this article, we will briefly explain what Aark Digital is and what you can do to position for the airdrop.

    Aark Digital Airdrop Step-by-Step Guide

    Here’s how to get the Aark Digital token airdrop:

    1. Add Arbitrum Goerli to Wallet
    2. Get Galxe Role and Complete Tasks on Crew3
    3. Get Testnet Tokens
    4. Deposit on Aark Testnet Futures Account and Place Futures Orders
    5. Provide Liquidity
    6. Deposit into the Insurance Fund
    7. Deposit on Nitro LP (Mainnet Action)
    8. Get the Aark Digital Boarding Pass

    See below for more in-depth details!

    What is Aark Digital?

    Aark Digital is a derivatives decentralized exchange (DEX) built on Arbitrum. It is the first Peer-to-Pool perpetuals DEX custom built for professional traders. It offers abundant liquidity with 50+ trading pairs and any whitelisted assets as collateral. Cross-margin trading is also available. For liquidity providers, it offers leveraged LP, delta neutral LP and insurance fund.

    It is designed to provide a solution for the pain points of perp DEXs. Traders on the Aark platform are not required to sell assets they own to open a position. They can instead deposit these assets as collateral, which will be held until the user’s position is liquidated due to a loss.

    Does Aark Digital have a Token?

    $AARK is the native token of Aark Digital. The token is not launched yet, according to their Documentation, 31% of their token supply will be reserved for Community Rewards. So Aark Digital may do an airdrop. Currently, you can complete tasks to earn points, which will then be exchangeable for Mystery Tickets to eventually earn $AARK when the mainnet is launched.

    How to Get the Potential Aark Digital Token Airdrop?

    Time needed: 2 hours

    Aark Digital have announced a Traders of the Galaxy campaign which will allow participants to get an exclusive NFT and a Mystery Ticket which could hold $AARK rewards. The Traders of the Galaxy will start on May 19th, 2023, 11:00 AM (UTC) and ends on 24th June 2023 at 9:00am (UTC). You will also need to interact with the Aark Digital Testnet OR deposit USDC in the mainnet liquidity pool in order to be eligible for a future token airdrop. Here’s a step-by-step guide:

    1. Add Arbitrum Goerli to Wallet

      You can add Arbitrum Goerli via Chainlist on your MetaMask or other supported wallets. It is the testnet network for Arbitrum.

    2. Get Galxe Role

      Connect your wallet to Aark Digital’s Galxe page. Complete the social tasks to get 1 entry.

    3. Complete Tasks on Crew3

      Connect your wallet to Zealy (Crew3) and complete their social tasks.

    4. Get Testnet Tokens

      Connect your Metamask to Aark Digital and click “Receive” on the right hand corner to get testnet tokens. You will get 10,000 mock USDC, 0.5 mock BTC and 5 mock ETH. Note that you can no longer get testnet tokens via their Discord as their faucet has dried.

    5. Deposit on Aark Testnet Futures Account

      Go to Aark Testnet. Start by depositing some of your testnet tokens on your Futures account. Try not to deposit all as you will need some for the other features.

    6. Place Futures Orders

      Now you can start trading on the Futures page. Choose a trading pair to trade located at the left side of the screen. Then, place a market order or limit order on the right of the screen. Set the leverage ratio by moving the slide bar.

      You can see all of your created orders under the Position tab located at the bottom of the screen. Additionally, you can keep track of your previous orders under the Trade History tab. You will earn 1 point for every $100 of trading volume generated. You can also check your points earned here.

    7. Provide Liquidity

      Deposit some of your testnet tokens on your Liquidity Provider account. Then, go to the Liquidity page and open an LP position. Set the leverage ratio by moving the slide bar, and then place order to confirm.

    8. Deposit into the Insurance Fund

      You can also deposit test USDC in the Insurance Fund page. This feature allows you to earn from liquidation fees.

    9. Deposit on Nitro LP (Mainnet Action)

      If you wish to interact with more than just the testnet, you can provide liquidity to the Aark Digital Liquidity Pool on the Arbitrum mainnet. Connect your wallet to the Nitro LP page, and switch the network to Arbitrum One.

      Once you’re in, scroll down and you’ll see different tiers of LP products. Select a tier and approve USDC to deposit. Learn more about the risk ratio in their Medium article.

    10. Get the Aark Digital Boarding Pass

      To get the Aark Digital Boarding Pass, you will need to earn over 90,000 testnet points. You can earn testnet points by trading on Aark Digital’s testnet (see step 6 above). Once you qualify, go to Aark Digital’s Galxe page and claim the NFT.

    Airdrop Review

    When reviewing an airdrop, there are several factors to consider. First, the likelihood the project will even do an airdrop in the first place. Then, to look at how many tokens the project intends to allocate towards airdrop campaigns, as well as the difficulty in participating in their airdrop. It is also important to look at the utility of the token so that there will be an actual use and purpose in participating in the airdrop in the first place. Finally, a factor to consider when reviewing an airdrop is whether the airdropped tokens are subject to any lockup period.

    Likelihood of Airdrop: Aark Digital’s documentation states that 31% of its token supply would be reserved for Community Rewards, which could mean an airdrop.

    Airdropped Token Allocation: 31% of $AARK tokens would be allocated towards Community Rewards.

    Airdrop Difficulty: The testnet is very user-friendly and easy to use. For interacting with the mainnet, please do your own research as it involves real funds.

    Token Utility: $AARK is a fee-earning governance token of Aark Digital and entitles holders to various benefits.

    Token Lockup: The 31% of $AARK tokens allocated towards Community Reserves were not distributed at Genesis, but will be distributed each year over a total of 4 years as follows: 12.8%, 8.3%, 5.8% and 4.1%

  • ZKX Protocol ($ZKX) Token Airdrop Guide: LIVE NOW!

    ZKX Protocol ($ZKX) Token Airdrop Guide: LIVE NOW!

    ZKX Protocol is a perpetual futures DEX built on StarkNet. Their team has hinted at a token airdrop to the community in the future! In this article, we will briefly explain what ZKX Protocol is and what you can do to position for the airdrop.

    ZKX Protocol Airdrop Step-by-Step Guide

    Here’s how to get the $ZKX token airdrop:

    1. Connect Your Wallet to ZKX Testnet
    2. Trade Perpetual Futures
    3. Provide Feedback

    See below for more in-depth details!

    What is ZKX Protocol?

    ZKX is a permissionless protocol for derivatives built on StarkNet, with a decentralized order book and a unique way to offer complex financial instruments as swaps. It allows users to trade perpetual futures while maintaining self-custody of their funds.

    Additionally, the platform is governed by ZKX DAO. Community members can earn USDC from ZKX DAO by trading, staking, providing liquidity, or becoming a node provider. The more actions a stakeholder performs, the more digital shares of ZKX they will accumulate.

    In July 2022, ZKX raised $4.5 million in a seed funding round with participation from StarkWare, Huobi, Crypto.com, Amber Group, HashKey Capital and more.

    Does ZKX Protocol Have a Token?

    Yes, ZKX Protocol plans to launch its $ZKX token in the future. Token holders can stake their tokens to gain access to digital shares of ZKX, which is linked to both governance and protocol rewards.

    ZKX has also hinted on Telegram about conducting a future airdrop. Therefore, it is likely that early testnet users may qualify for the airdrop when the token launches.

    How to Get the $ZKX Airdrop?

    The best way to get the $ZKX airdrop is to interact with the ZKX testnet. Here’s a step-by-step guide:

    1. Connect Your Wallet to ZKX Testnet

      Connect your MetaMask or other supported wallets to the ZKX Testnet page. Click on “Link Wallet” to sign the message confirming you are the owner of the wallet. Switch the network to Goerli.

      Once your wallet is connected, you will have a ZKX account with 10,000 test USDC. Please note that this process may take some time.

    2. Trade Perpetual Futures

      Now you can start trading at the Trade page. Select a trading pair and place an order. There is a slider button you can turn on that allows you set the leverage ratio by moving the slide bar.

      You can see all of your created orders at the Orders page. There are many order types on ZKX. They have a complete guide on how to trade.

    3. Provide Feedback

      You can send your feedback and requests by clicking on the “?” button on the top right screen.

    Airdrop Review

    When reviewing an airdrop, there are several factors to consider. First, the likelihood the project will even do an airdrop in the first place. Then, to look at how many tokens the project intends to allocate towards airdrop campaigns, as well as the difficulty in participating in their airdrop. It is also important to look at the utility of the token so that there will be an actual use and purpose in participating in the airdrop in the first place. Finally, a factor to consider when reviewing an airdrop is whether the airdropped tokens are subject to any lockup period.

    Likelihood of Airdrop: The ZKX team has hinted on Telegram that there might be a future airdrop for the community.

    Airdropped Token Allocation: There is no tokenomics yet.

    Airdrop Difficulty: Simply trade perpetual futures on the testnet. The UI and UX of the testnet page are user-friendly.

    Token Utility: The $ZKX token can be staked to gain access to digital shares of the protocol, which is linked to both governance and protocol rewards.

    Token Lockup: There is no tokenomics yet.

  • Tribe3 Token Airdrop Guide: LIVE NOW!

    Tribe3 Token Airdrop Guide: LIVE NOW!

    Tribe3 testnet is currently live, which means users of the protocol can potentially qualify for an airdrop. In this article we will explain what Tribe3 is and what you can do to position yourself for the airdrop.

    You can use our referral code 9FPQI37 to sign up with their testnet!

    Tribe3 Airdrop Step-by-Step Guide

    Here’s a step-by-step guide on how to get a potential Tribe3 token airdrop:

    1. Connect Your Wallet to Goerli Test Network
    2. Claim GoerliETH from Faucet
    3. Get TETH on Tribe3
    4. Trade NFT Collections
    5. Avatar and Battle (Coming Soon)
    6. Refer your friends to earn Tribe3 points

    See below for more details.

    What is Tribe3?

    Tribe3 is an interactive NFT futures exchange that enables users to participate in gamified trading of NFT perpetual futures with leverage. In addition to trading, users can take part in NFT tribe battles against fellow community members, earning valuable in-game items that can be used to create unique and personalized NFT avatars.

    Unique Selling Point

    Tribe3 is trying to solve the issues of high transaction fees, unaffordable floor prices, and low liquidity in the NFT market by introducing NFT perpetual floor price futures with leverage. They are essentially building a trading platform for users to get price exposure to NFTs via futures without the need to own the underlying NFTs. Moreover, they want to make the experience fun for users by adding gamified and social elements.

    Who is the Team behind Tribe3?

    Tribe3 was founded by Leo, who previously worked in private equity investments at the EQT Group and leveraged finance at Citi. Their team consists of skilled professionals from finance and computer science backgrounds, based in Asia. Tribe3 is backed by well-known venture capital firms including The Spartan Group, Infinity Ventures Crypto (IVC), and Newman Capital.

    Does Tribe3 have a Token?

    Tribe3 has not officially announced a token launch or an airdrop yet. But, rumors on Crypto Twitter are speculating that it is very likely there will be. This is because a utility token is necessary to power a gaming ecosystem like Tribe3, and it can also help to reduce fees for trading. Additionally, Tribe3 has stated in their blog post that Tribe3 points will give users greater rewards later on such as token airdrops. This means Tribe3 will be doing multiple airdrops, so it is worth positioning yourself now.

    How to Receive Potential Tribe3 Airdrop?

    Time needed: 10 minutes

    The best way to receive a potential Tribe3 airdrop is to register and interact with their testnet. There are primarily three things which we can do on the platform: trading, battling, and building your own NFT avatar. These are on-chain activities that can potentially qualify you for the snapshot.

    1. Connect Your Wallet to Goerli Test Network

      Go to testnet.tribe3.xyz and connect your MetaMask wallet. Switch the network to the Goerli Test Network. At the top screen, you can use our referral code 9FPQI37

    2. Claim GoerliETH from Faucet

      To get testnet tokens on Tribe3, you will first need some GoerliETH for gas fees. Go to goerli-faucet.mudit.blog or goerlifaucet.com to claim some GoerliETH.

    3. Get TETH on Tribe3

      After obtaining some GoerliETH in your wallet, you can open your wallet details by clicking on the top right corner of the screen. There you will see “Get TETH” at the bottom, which is the testnet token on Tribe3. Click it and approve the transaction, and you will receive 20 TETH. Keep in mind you can only claim it once, as each user will only be entitled to receive a maximum of 20 TETH.

    4. Trade NFT Collections

      Go to “Trade” and select any NFT collection you would like to trade by clicking the dropdown menu “Switch Collection” to trade. You’ll see a chart that shows the collection’s floor price variations over a 1D, 1W or 1M timeframe.

      Afterwards, you can set up a long or short order with leverage. You can also adjust your collateral ratio located at the right tab, “Adjust Collateral.” The higher the collateral ratio, the lower the chance of your position being liquidated. Click on “Show Advanced Details” to see important information such as contract size, entry price, and liquidation price.

      Now, if you want to close your position, click on the middle tab, “Close.” You can adjust the slider to partially or completely close your position.

      You can check all your open positions at testnet.tribe3.xyz/dashboard. Also, they made a leaderboard to show the highest performing traders. Being at the top could potentially increase your airdrop chance and size!

    5. Avatar and Battle (Coming Soon)

      Both the Avatar and Battle features are coming soon, and they may also be possible airdrop criteria. Stay up to date on their Twitter or Discord channel for updates on their release!

    6. Refer your friends to earn Tribe3 points

      Earn Tribe3 points with the Tribe3 Referral Program. You will receive Tribe3 points when you first join Tribe3 with a referral code (You can use our referral code 9FPQI37), and when you invite friends and they become a Tribe3 user. Tribe3 points will be used for their “trade to earn” program. Also, Tribe3 points will play a crucial role in the project ecosystem through trading, NFT avatar, and battle. Having more Tribe3 points will also give you greater rewards later on. For example, future token airdrops and a Tribe3 NFT avatar.

    Airdrop Review

    When reviewing an airdrop, there are several factors to consider. First, the likelihood the project will even do an airdrop in the first place. Then, to look at how many tokens the project intends to allocate towards airdrop campaigns, as well as the difficulty in participating in their airdrop. It is also important to look at the utility of the token so that there will be an actual use and purpose in participating in the airdrop in the first place. Finally, a factor to consider when reviewing an airdrop is whether the airdropped tokens are subject to any lockup period.

    Likelihood of Airdrop: Tribe3 has not made any official announcement regarding a token launch or an airdrop yet. But it is very likely that they will conduct a token launch and a retroactive airdrop to gain traction, given the gamified ecosystem’s need for a utility token for transactions and the backing of multiple venture capital firms. They have also hinted that Tribe3 points will give you token airdrops later on. So expect the project to have multiple airdrops.

    Airdropped Token Allocation: There are no available tokenomics yet.

    Airdrop Difficulty: Trading on Tribe3 is very easy and almost risk-free. It uses TETH, which are testnet tokens, to trade NFT futures.

    Token Utility: Their token utility is unknown, but if there is a token, it is likely it will be used for battle rewards, to NFT Avatar upgrades, and transaction fee reduction.

    Token Lockup: There are no available tokenomics yet.

  • Polynomial Protocol $OP Token Airdrop Guide: LIVE NOW!

    Polynomial Protocol $OP Token Airdrop Guide: LIVE NOW!

    Polynomial Protocol is a decentralized derivative exchange powered by the Synthetix Protocol on Optimism. They have distributed Optimism ($OP) airdrops to active users in the past and could do so again. In this article, we will briefly explain what Polynomial Protocol is and what you can do to position yourself for the retroactive airdrop.

    What is Polynomial Protocol?

    Polynomial Protocol is built on top of Synthetix, with $SNX stakers serving as counterparties for transactions on Polynomial. By offering liquidity, $SNX stakers receive fees from the platform. Apart from trading, Polynomial offers two more products to make DeFi more accessible to users:

    1. Polynomial Earn Vaults: These are the first DeFi Options Vaults (DOV) that operate entirely on-chain by selling options directly to an Automated Market Maker (AMM).
    2. Polynomial Swap: This product streamlines the swapping process on Optimism, particularly for synthetic assets. Non-synthetic assets are routed through 1inch to ensure a seamless experience.

    Does Polynomial Protocol have a Token?

    Salman Naseer, founder of Polynomial Protocol, said in Discord that they are not planning a token launch at the moment. In the meantime, active users can only claim Optimism ($OP) tokens as rewards.

    How to Get Retroactive $OP Airdrop on Polynomial?

    The best chance to get another retroactive $OP airdrop is to interact with the Polynomial Trade, Earn, and Swap features. Here’s a step-by-step guide:

    1. Connect Your Wallet to Polynomial Protocol

      Connect your MetaMask or other supported wallets to the Polynomial Protocol trading app. The available networks are Optimism and Ethereum.

    2. Create Polynomial Smart Wallet

      After you connected your wallet, you will need to create a Polynomial smart contract wallet. For this part, you also need some ETH to cover gas fees.

    3. Deposit sUSD in Smart Wallet

      After creating your smart wallet, you will need to deposit at least $50 sUSD to start trading. You can use the swap feature to get sUSD.

      If you don’t have funds in Optimism, you can bridge your assets via the MetaMask bridge aggregator (this could also qualify you for the $MASK airdrop). You can also buy sUSD on KuCoin and transfer them to your Optimism wallet.

    4. Trade Perpetual Futures

      You can now trade perpetual futures on the platform. Polynomial has a detailed guide on how to open up standard orders or limit orders for long and short positions.

    5. Use Earn Vaults

      You can deposit sETH or sUSD to earn yields in the Polynomial Earn Vaults. It is important to note that these vault strategies are subject to market risks. Check out their earn documents to understand more.

    Airdrop Review

    When reviewing an airdrop, there are several factors to consider. First, the likelihood the project will even do an airdrop in the first place. Then, to look at how many tokens the project intends to allocate towards airdrop campaigns, as well as the difficulty in participating in their airdrop. It is also important to look at the utility of the token so that there will be an actual use and purpose in participating in the airdrop in the first place. Finally, a factor to consider when reviewing an airdrop is whether the airdropped tokens are subject to any lockup period.

    Likelihood of Airdrop: There is no official announcement of the next retroactive $OP airdrop yet. But Polynomial is growing, so there is a good chance there will be another incentive for the community.

    Airdropped Token Allocation: The airdropped token allocation is unknown.

    Airdrop Difficulty: The trading platform offers a user-friendly interface and operates on the Optimism mainnet. As with any investment, it is advised to only use funds that one is prepared to risk.

    Token Utility: Polynomial has no plans to launch its own token yet.

    Token Lockup: Polynomial has no plans to launch its own token yet.