Paradex is revolutionizing the DeFi landscape by offering an advanced Perpetuals DEX built on a high-performance Layer 2 network, optimized for Open Finance. As a self-custodial platform, Paradex ensures that all derivative transactions are validated on-chain, enhancing capital efficiency and security. Currently, the platform is running a points campaign that could set the stage for a future airdrop, even though they haven’t officially announced any token yet. By actively participating, users may increase their chances of earning valuable rewards if Paradex eventually decides to launch a token.
In this guide, we’ll explore how you can get involved in Paradex’s points campaign and potentially benefit from any future developments.
Step-by-Step Guide to Earn Points on Paradex Airdrops
- Visit Paradex’s Official Platform Start by visiting the Paradex platform and connect your wallet. Ensure that you switch your network to Ethereum, as this will allow you to interact seamlessly with the platform.
- Complete Trades Engaging in trading activities on Paradex will help you accumulate points. Depending on your share of the total fee-paying trading volume, users can earn up to 700,000 fixed points. The more active you are, the higher your point accumulation.
- Provide Liquidity Users who provide liquidity to Paradex order books will be rewarded with up to 300,000 points per week. This is based on the share of maker trading volume, giving an additional incentive to liquidity providers.
- Earn Points Based on Activity Paradex users can also earn variable points ranging from 10 to 20, depending on various factors such as open interest and the total value locked (TVL) in their account.
- Utilize the Referral Program By inviting others to the platform, users can earn 10% of their invites’ trading activity, while the invitees enjoy a 10% discount. To start, click on “Earn” and locate your referral link from the drop-down menu. The more referrals you generate, the more points you can accumulate.
- Participate in the Affiliate Program For those with a significant social media following or an established DeFi network, Paradex offers an affiliate program. If you refer over $50 million in 30-day volume or have 5,000+ social media followers, you become eligible for even greater rewards through the affiliate scheme.
Why Paradex May Offer a Future Airdrop
Although Paradex has not explicitly announced any plans for a token or an airdrop, users who accumulate points through active participation may find themselves in a favorable position should the platform decide to launch one. Airdrops are common in the DeFi space, rewarding early adopters and contributors. With no token yet released, Paradex’s points campaign presents an opportunity for early users to gain potential airdrop eligibility in the future.
Similar Projects to Explore
If you’re interested in other DeFi projects that do not have a token yet but may launch one in the future, here’s a list of similar opportunities you might want to keep an eye on:
- Project A: A decentralized lending platform with a focus on early user rewards. While no token has been announced, their points program could pave the way for a future airdrop.
- Project B: This project offers liquidity incentives and on-chain governance, with potential retroactive airdrops to those providing liquidity early on.
- Project C: A derivatives trading platform built on a Layer 2 network, similar to Paradex, that offers trading rewards and could introduce a token in the future.
- Project D: A DeFi protocol that rewards users for staking and governance participation, with no token yet, but rumors of a retroactive airdrop.
- Project E: A cross-chain DEX that incentivizes traders and liquidity providers with points that could translate into tokens down the line.
Conclusion
Paradex’s innovative approach to decentralized perpetual trading makes it an exciting platform to watch. While there is no certainty of a token launch or an airdrop, collecting points through their ongoing campaign could lead to future rewards. If you’re actively engaging in DeFi and want to be part of future airdrop opportunities, following similar projects like Paradex can keep you ahead of the curve.
Disclaimer
This content is for informational purposes only and should not be considered financial or investment advice. Participation in DeFi protocols involves risk, and users should conduct their own research before engaging with any platform. Airdrops, tokens, and rewards are not guaranteed, and past performance is not indicative of future results.
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