edgeX

    edgeX Airdrop Guide: How to Farm Points on Sophon Network

    What is edgeX?

    edgeX is an Ethereum Layer-2 blockchain that provides high-performance on-chain trading infrastructure and a unified interface for DeFi applications.

    The platform operates on the Sophon network and focuses on delivering enhanced trading experiences for decentralized finance users.

    The project is currently transitioning from its perpetual trading app rollup (V1) into a comprehensive high-performance financial chain (V2).

    This evolution introduces greater customizability and composability, supporting the permissionless launch of various markets and DeFi products through a Proof of Demand mechanism backed by decentralized governance. The perp DEX is also backed by Amber.

    edgeX Airdrop Details

    The edgeX points program operates as a retroactive airdrop mechanism designed to reward genuine user engagement and active participation in the ecosystem.

    While no official token has been announced, the points system suggests potential future token distribution based on accumulated points.

    The program recently completed its eighth week of distribution, awarding 192,523 points across 3,622 addresses. Starting from Week 9, new rules have been implemented to enhance the points distribution mechanism. Points are calculated weekly as of Wednesday at 00:00 UTC, with allocations distributed the following week at 08:00 UTC.

    The referral system provides additional earning opportunities, where referrers earn 1 point for every 4 points accumulated by their referred users.

    Latest Update: edgeX Pre TGE Season Campaign Launch

    edgeX Pre TGE Season is now live, distributing XP rewards weekly until the Token Generation Event expected on or before March 31, 2025. XP serves as the campaign’s incentive unit, rewarding organic platform usage across multiple activities.

    Eligible actions to earn XP include:

    1. Invite new users to download the edgeX mobile app
    2. Generate trading volume through active platform engagement
    3. Provide liquidity on spot markets

    XP accumulation will continue throughout the pre-TGE period, with distributions occurring on a weekly basis. For complete campaign details, visit the official Discord announcement.

    MARU Airdrop Claim Now Live on EdgeX

    The MARU airdrop claim is now live for EdgeX users, other perps traders, EdgeX partners, and ETH perpswick community members. Visit the claim portal, connect your eligible wallet, and claim your allocation of this community coin designed for perpetual futures traders.

    Tokenomics Overview

    MARU has a total supply of 10 billion tokens distributed as follows:

    • Community Allocation (70%): Airdrop and ecosystem incentives through multi-round distribution
    • Liquidity (20%): Unlocked for immediate market availability
    • Core Contributors (10%): Locked allocation for team and developers

    Eligibility extends to all EdgeX platform users, major perpetual futures traders from other platforms, EdgeX partners, and members of the ETH perpswick community who have actively participated in perpetual trading activities.

    How to Participate in edgeX Points Program

    1. Visit the edgeX Platform
      • Connect your EVM wallet (Rabby recommended) via the connect button
    2. Get your USDT ready
      • Ensure you have some USDT in your wallet for trading activities (BSC/Arbitrum/Ethereum)
      • If you don’t have USDT, you can purchase it from Binance or bridge it using Rhino Bridge for optimal rates and security
      • Deposit USDT in the platform
    3. Start Trading Activities
      • Navigate to the trading interface on edgeX
      • Begin with small trades to familiarize yourself with the platform
      • Focus on consistent trading activity rather than large single transactions
    4. Monitor Your Points
      • Check your points balance regularly on the platform
      • Points are updated weekly following the distribution schedule
    5. Refer your friends to earn 1 point for every 4 points your referrals accumulate

    Tips for Maximizing edgeX Points

    Understanding the points allocation system is crucial for optimizing your rewards. The distribution follows a specific weighting system that prioritizes different activities.

    Focus on Trading Volume: Trading volume accounts for 60% of the total points pool, making it the most significant factor in earning points. Maintain consistent trading activity throughout each week rather than concentrating all trades in a single day.

    Utilize the Referral Program: The referral system contributes 20% to the points pool when combined with ambassador activities and events. Share your referral link with friends and community members who are interested in DeFi trading.

    Maintain Open Interest: Open interest contributes 5% to the points allocation. Keep positions open strategically, but always manage your risk appropriately. This metric rewards users who provide liquidity and maintain active market participation.

    Participate in TVL and Vault Activities: These activities account for 10% of the points pool. Consider providing liquidity to vaults or participating in other TVL-contributing activities when available.

    Engage in Liquidation Activities: While liquidation points only represent 5% of the pool, they can provide additional earning opportunities for more experienced traders who understand the risks involved.

    Frequently Asked Questions

    When are points distributed?

    Points are calculated weekly as of Wednesday at 00:00 UTC, with allocations distributed the following week at 08:00 UTC. This provides a predictable schedule for tracking your rewards.

    How does the referral system work?

    Referrers earn 1 point for every 4 points accumulated by their referred users. This means you receive 25% of your referrals’ points as bonus rewards, creating an incentive to bring active traders to the platform.

    What percentage of points comes from trading volume?

    Trading volume accounts for 60% of the total points pool, making it the most significant factor in determining your rewards. Focus on maintaining consistent trading activity to maximize this component.

    Can I participate without large amounts of capital?

    Yes, the points system rewards engagement and activity rather than just large capital amounts. Consistent smaller trades can be more effective than infrequent large transactions.

    What happens to my points if edgeX launches a token?

    While no official announcement has been made regarding token distribution, points programs typically serve as the basis for future airdrop allocations. Accumulated points may translate to token rewards if and when edgeX launches its native token.

    Conclusion

    The edgeX points program offers a comprehensive way to earn rewards while participating in a high-performance DeFi trading environment. By focusing on consistent trading activity, utilizing the referral system, and staying engaged with the platform’s various features, users can maximize their point accumulation.

    The platform’s transition from V1 to V2 represents significant development in the DeFi trading space, potentially positioning early participants for substantial rewards. As the ecosystem continues to evolve, maintaining active participation and staying informed about program updates will be key to optimizing your edgeX experience.

    You're interested in more projects that do not have any token yet and could potentially airdrop a governance token to early users in the future? Then check out our list of potential retroactive airdrops to not miss out on the next DeFi airdrop!

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    Estimated Value

    n/a

    Tokens per Claim

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    Max. Participants

    Unlimited

    Overview