- TRADE & PROVIDE LIQUIDITY
- Airdrop confirmed
- Chain: Hyperliquid
What is Project X?
Project X is a decentralized exchange (DEX) built on Hyperliquid’s HyperEVM ecosystem, designed to serve as an automated market maker (AMM) with ambitious cross-chain expansion plans. The project positions itself as a community-driven platform that prioritizes user experience and efficient point-based reward systems. What sets Project X apart is its commitment to avoiding traditional venture capital funding, instead relying on community support and self-funding to maintain true decentralization.
Created by pseudonymous developers @Lamboland_ and @BOBBYBIGYIELD, Project X emphasizes transparency and community engagement. The platform has undergone security audits by PeckShield and 0xQuit, and integrates Privy wallet for enhanced user accessibility. The project’s roadmap includes 3 phases, with Phase 1 currently active and Phase 2 planned to expand into full EVM aggregation capabilities.
Project X Airdrop Details
If you farmed Project X earlier, this is the headline update: the points program has been retired. No more 1M points a day, no leaderboard grind, no guessing what your score eventually converts to.
Project X now pays you in real $USDC instead. Trade and provide liquidity, and your rewards accrue as actual stablecoin you can claim straight from the Portfolio tab, where a “USDC Rewards → Claim Rewards” panel shows exactly what’s available. Referrals still count too: invite users and you earn a share of their activity, also paid in USDC.
A $PRJX token was floated in earlier roadmaps (1B supply, roughly 12% earmarked for an airdrop), but there’s no confirmed TGE or date. The USDC rewards are the live, real mechanic. Any future PRJX drop is a separate maybe, not a promise.
Latest Update: Project X $1M USDC Cashdrop and Ongoing Rewards Program
Project X is distributing $1 million in USDC to the top 10,000 PRJX point earners through a Cashdrop. The team confirmed there are no immediate plans to launch a token but is still working on ways to reward the community, committing to at least $500,000 in user rewards over the next year.
As part of that commitment, $50,000 in USDC rewards will be allocated to the HYPE/USDC pool over the coming month, with rewards claimable daily. This new rewards structure replaces the existing points program.
How to Participate in Project X Airdrop
- Acquire USDC: Purchase USDC from Binance, as you’ll need this to obtain HYPE tokens required for Project X participation.
- Transfer to Arbitrum: Withdraw your USDC from Binance to your wallet via the Arbitrum network to minimize transaction fees.
- Deposit to Hyperliquid: Transfer your USDC to Hyperliquid by depositing it into your Hyperliquid account.
- Buy HYPE Tokens: Use your USDC deposit to purchase HYPE tokens from Hyperliquid‘s spot market.
- Transfer HYPE to EVM: Move your HYPE tokens from Hyperliquid to the HyperEVM network to interact with Project X.
- Connect Your Wallet: Visit Project X’s app and connect your wallet using the integrated Privy wallet system.
- Use Referral Code: Enter the referral code “teamairdrops” to receive a 10% boost on all your earned points.
- Make Swaps: Make cross-chain swaps from any blockchain network directly on the platform with 0% trading fees.
- Claim — Check the Portfolio tab and claim your USDC whenever it’s worth the gas.
Frequently Asked Questions
What is the minimum amount needed to participate?
There’s no official minimum amount required, but you’ll need sufficient HYPE tokens to cover transaction fees and meaningful trading or liquidity provision activities.
Is there still a points program?
No. Project X retired points. Rewards are paid directly in USDC now.
What happened to points I already earned?
Check Project X’s official channels for how prior points are being handled in the transition. The team’s announcements are the source of truth here.
Can I participate from any region?
Project X appears to be globally accessible, but users should verify local regulations regarding DeFi participation in their jurisdiction.
Conclusion
Project X moving off points and onto USDC is a genuinely good sign. Points programs are cheap to launch and easy to quietly nerf later. Paying real stablecoins is harder to fake. It also means you can stop treating this as a lottery ticket. You’re getting paid in something with a fixed value while you trade.
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!
