Original | Odaily
Author | Asher (@Asher_0210)
On March 4, the perpetual contract DEX KiloEx, invested by YZi Labs, announced on the X platform that its TGE will be held on March 17. Detailed information on airdrop rules and eligibility criteria will be released soon. According to inquiries made on the official Discord today (March 13), the soon-to-be-launched KiloEx is still in the "airdrop farming" stage, as the snapshot has not yet been taken, and there are still plans for token airdrops after the TGE.
The official response is that the snapshot has not yet been taken
Below, Odaily will take you through the current interactive activities on the KiloEx platform that can still be used to potentially earn airdrop opportunities.
Project Introduction
KiloEx is a decentralized exchange focused on perpetual contract trading, aiming to provide users with a friendly trading experience. KiloEx supports multiple blockchains, including BNB Chain, opBNB, Manta, Taiko, and Base. KiloEx uses the rate basis to anchor the perpetual contract price to the spot price, ensuring the stability and reliability of the transactions. The advantages for users trading on the KiloEx platform are:
No native Gas token required: Supports USDT/USDC payment of Gas fees, no need for additional cross-chain conversion;
Seamless transactions, convenient operation: No need for cumbersome signing, smoother transaction flow;
Efficient execution, close to CEX experience: Optimized trading speed, improved user interaction efficiency.
In August 2023, YZi Labs announced investments in four outstanding MVB VI projects, including the perpetual contract DEX KiloEx (the other three being the Ethereum scaling project AltLayer, the DeFi lending protocol Kinza, and the AI game Sleepless AI), and KiloEx is also a member of the BNB Chain airdrop alliance program.
According to official data, the current open contract value on the KiloEx platform is close to $8 million, with a total user count of nearly 400,000. In addition, according to defillama data, KiloEx's TVL has reached a high of $50 million, and currently stands at $38 million.
Regarding the token economic model, according to the official document (or the old token model, for reference), the total supply of its token KILO is 1 billion, specifically as follows:
Ecosystem: accounting for 34% of the total token supply, linearly unlocked over 4 years;
Airdrop: accounting for 10% of the total token supply;
Staking rewards: accounting for 10% of the total token supply, released gradually over 4 years after the TGE;
Team and future expansion plan: accounting for 10% of the total token supply, will be locked for 1 year after the TGE, and then linearly unlocked over the next 3 years;
Private placement: accounting for 10% of the total token supply, will be locked for 1 year after the TGE, and then linearly unlocked over the next 3 years;
Strategic investment: accounting for 10% of the total token supply, will be locked for 1 year after the TGE, and then linearly unlocked over the next 3 years;
Advisors: accounting for 10% of the total token supply, will be locked for 1 year after the TGE, and then linearly unlocked over the next 3 years;
Liquidity provision: accounting for 1% of the total token supply.
Interactive Tutorial
Interactive website (the official X platform link provided): https://www.kiloex.io/?utm_source=twitter&utm_medium=twitter_home&utm_content=home
STEP 1. After entering the interactive link, switch the language to Traditional Chinese and click "Start Trading".
STEP 2. After jumping to the link, click "Connect Wallet" and claim the new user gift, then deposit a small amount of BNB into the opBNB chain before trading (or use the zkbridge cross-chain bridge to transfer BNB from BNB Chain to the opBNB chain), then set a 4-digit PIN code (can be skipped).
STEP 3. Return to the trading interface, select "long/short", set the leverage multiple, set the USDT amount to be traded by value (any amount is fine), click "long/short", and then click "market/limit" to close the position based on the profit and loss situation. According to official information, the KiloEx airdrop is mainly linked to the trading volume, the larger the trading volume, the more airdrop. Therefore, in order to get more airdrops, you need to repeatedly trade to increase the trading volume.
STEP 4. Perform the daily check-in (requires an account score of more than 35 points), select "Welfare Center" at the top and click "Check in".
STEP 5. Depositing USDT can earn an estimated 8.24% annual yield + airdrop points, select "Earn" at the top and deposit USDT.
Two Ongoing Galxe Activities
In addition, KiloEx still has two Galxe activities that can be participated in before the TGE:
Columbus Program (activity link:https://app.galxe.com/quest/KiloEx/GCXdxt1YEv): The tasks are divided into 4 groups, including social and trading volume tasks, which are relatively simple.
Trade the Future (activity link:https://app.galxe.com/quest/KiloEx/GCf5mt1HMX): The tasks are divided into 1 group, including social and trading volume tasks.
