Nado

Latest Update: Nado NLP Market Making Vault Cap Raise

Nado’s NLP market making vault (currently at 58.8% APR) will increase capacity from $2M to $4M on February 12th at 2PM UTC with tiered access based on Alpha Trader status. Alpha Tornado and Storm tier holders receive 48-hour exclusive access with deposit caps of $35k and $25k respectively – check your tier on the Points page under “Private Alpha” row.

• If capacity remains after 48 hours, deposits open to the public with a $20k cap per wallet.
• A second NLP cap raise is scheduled for next week, reserved exclusively for Temple of the Storm NFT holders.

Nado Open Beta Season 1 Launch

Nado has launched Open Beta Season 1, the first structured phase of its points program with weekly distributions rewarding trading activity, NLP participation, and referrals.

Weekly Points Distribution

950,000 points are distributed every Friday across three core activities: trading (including market making and liquidations), NLP participation, and referrals. All distributions and history can be tracked via the Points page on the platform.

Private Alpha Bonus Pool

Users who traded during Private Alpha receive an additional 97,026 points per week for the first 6 weeks of Season 1, sourced from points forgone during The Choice selection.

Bonus Points Allocation

Up to 8,000,000 bonus points may be allocated for specific initiatives including the Builder Program, Trading Competitions, and Season 1 reserve pool initiatives. Any unused points will be excluded from Season 1 distribution.

Trading Tiers

Season 1 introduces weekly Trading Tiers ranging from Breeze (lowest) to Tornado (highest) based on points ranking, serving as a signal of persistent activity and impacting NLP participation eligibility.

Nado NFT Benefits

The Templars of the Storm NFT provides holders with points multipliers and automatic fee tier benefits, with additional utility rolling out throughout Season 1.

Referral System

Season 1 remains invite-only with referrers earning a share of points from direct referrals plus additional rewards from second and third-level referrals. Users earn 1 invite code per $250k in trading volume, capped at 100 invites per user.

How to Participate in the Nado Airdrop

Follow these steps to join Nado’s private alpha and start earning points:

1. Visit the official Nado website
2. Deposit assets to your Nado account following the official documentation
3. Begin trading on spot or perpetual markets to accumulate Nado Points
4. Deposit assets into the NLP market making vault once the cap has been lifted
5. Join the Copink waitlist. Once accessible, copy trade the top Nado traders.
6. Monitor your points accumulation through the platform dashboard
7. Stay active on the platform to maximize point earnings before the points program concludes
8. Purchase a Templars of the Storm NFT from OpenSea for a potential points boost or other advantages (optional)

Frequently Asked Questions

Is the Nado airdrop confirmed?

Nado has confirmed that points earned on the platform will convert to $INK tokens, though the exact distribution details and conversion rates will be announced before the token generation event.

What blockchain does Nado use?

Nado is built on the Ink blockchain, which serves as the underlying infrastructure for the DEX. Users need an EVM-compatible wallet to interact with the platform.

How long does waitlist approval take?

Approval times vary based on application volume and the team’s review process. The team prioritizes applicants with trading experience who can provide valuable feedback during the private alpha phase.

What types of trading earn points?

Points accumulate through various activities on the Nado DEX, including spot trading, opening and managing perpetual positions, and other platform interactions. The team has indicated that all activity is indexed in real-time for point allocation.

Conclusion

Nado presents a speculative airdrop opportunity for traders interested in orderbook-based DEX platforms on the Ink blockchain. The points system provides a clear path to earning future $INK tokens through platform activity, though distribution details remain pending.