💸esFXDX Rewards
Find information about how FXDX will distribute esFXDX rewards.
Delivering an unmatched user experience is central to FXDX's vision, positioning us as a premier figure in the perpetual DEX landscape. We are keen to invite users to experience our platform firsthand. With our $FXDX token airdrop, we aim to incentivize users to familiarize themselves with FXDX, share their feedback, and, ideally, become committed members of our community.
In the ensuing segment, we'll address two essential aspects related to the $FXDX airdrop:
The eligibility for the $FXDX airdrop
The amount of $FXDX tokens set aside for airdrop distribution
Eligibility Criteria for the $FXDX Airdrop
For those looking to qualify for the $FXDX airdrops, we offer multiple avenues of participation, all of which can be pursued simultaneously if so desired.
Option #1: Engage in Airdrop Initiatives on FXDX's Platform
Participate actively in our airdrop campaigns via FXDX's platform, accruing points for every successful engagement. Each initiative will be associated with specific points that determine your eventual share from the airdrop. We'll be launching new campaigns consistently throughout our initial phase, so staying tuned to our platform updates is highly recommended.
Option 2: Be an Early Adopter
Participate in any of the listed activities, each associated with a specific point value. The more activities you engage in, the larger share of the airdrop you will secure:
Make a deposit into the FXDX liquidity pool - Buy FLP using ETH, cbETH, DAI and USDCbC
Open a long trading position on any market
Open a short trading position on any market
Swap any asset
The points you accrue from these actions will determine your share of the airdrop out of the total allocated for all qualifying participants.
Keep in mind, the cumulative points you earn will depend on the transactional volume and number of transactions. To avoid potential manipulation, the specific point value for each action will be disclosed ONLY AFTER the Phase 2 concludes.
We will monitor your activities directly via on-chain mechanisms. Registration is unnecessary; all qualifying activities will be automatically tracked.
Airdrop to early users of FXDX
We hold immense gratitude for the pioneering supporters of FXDX (Algorand). Their contributions have been instrumental in molding FXDX into its current form. In recognition of their steadfast support, we'll be airdropping $esFXDX tokens to them. The quantity of the airdrop will be calculated based on both deposit and trading volumes.
We already have taken snapshot of all FLP Holders and esFXDX stakers from Algorand. This will be used for determining the updated airdrop amount of FXDX Algorand users.
Airdrop Tokens = Previous esFXDX balance from Algorand + Early Bird Rewards based on Tiers in esFXDX
Early Bird Formula = (USD amount deposit on FLP on BASE / USD amount deposit on FLP on Algorand on Snapshot or FLP Amount Refunded ) * Previous esFXDX Balance on Algorand
The distribution for early FXDX Algorand users will start 1 month after the end of Phase 4 only.
Airdrop Reward Allocation
The allocation of $esFXDX tokens to qualified participants (early Algorand users, beta testers, and participants of Zealy campaigns) will be determined based on the total cumulative protocol volume of FXDX one month after Phase 4: Full-Scale Launch of FXDX, or around Mid-November, 2023.
At the base level, 0.25% of the total supply (2,500,000 esFXDX) is set aside as rewards. As the volume increases, the percentage of the total supply allocated as rewards also increases, with the maximum airdrop amount totaling to 1% of the total supply, if the volume reaches $1 billion.
Total Airdrop to be distributed = Total Protocol Volume * 0.1% + 2,500,000
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