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:
- Connect Your Wallet to ZKX Testnet
- Trade Perpetual Futures
- 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:
- 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. - 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. - 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.
