KTX.Finance Airdrop 1
In our previous article on KTX.Finance perpetual airdrop, we mentioned that active traders on the Testnet will be rewarded for their support during the early stages of the protocol. At KTX.Finance, we understand the importance of incentivizing our early adopters and contributors who have helped build the protocol alongside our team through the Testnet. Our early community members have tested our product and features, provided valuable feedback and referrals, and it is crucial to distribute our community ownership fairly and widely among stakeholders who contributed to the long-term sustainability of KTX.Finance. After all, our goal is for KTX.Finance to become a community-owned protocol eventually.
Airdrop 1
Airdrop 1 is an essential part of community bootstrapping as it rewards early adopters for joining the KTX.Finance community and building the product together.
It is vital to ensure that our Airdrop program helps achieve our goals:
(1) accrue value to our community,
(2) distribute accrued value fairly, and
(3) make community governance inclusive and decentralized.
Keeping this in mind, the KTX.Finance team wants to share the details of Airdrop 1 with our community.
Airdrop 1 — Testnet Contributors and Early Adopters
Airdrop 1 rewards our testnet contributors and early adopters who helped KTX.Finance prepare for a successful mainnet launch.
Airdrop 1 can be split into 3 different groups:
The First group of Testnet contributors that KTX.Finance wants to reward are those who completed the mission-based tasks on the “User Guide” page.
Every task completed as stated in Step 3 will receive a fixed number of $KTC tokens. Upon completion of all four tasks, an additional 50% completion bonus will be given to reward users who tried out all of KTX.Finance’s trading app features, and liked and referred the Testnet.
The Second group of Testnet contributors that KTX.Finance wants to reward are stellar traders who produced exceptional performance on our Testnet. We will calculate the score using the following formula to set your position on the leaderboard:
Score = Total PnL % x Cbrt(Total Volume)
Here, “Total PnL %” is the sum of % PnL (on collateral) for all your closed trades, and “Cbrt(Total Volume)” is the cube root of the sum of the position sizes (collateral x leverage) of all your trades.
The goal is to incentivize volume while also giving a chance to traders who use smaller position sizes to rank high on the leaderboard as the PnL % is more important than the volume in this score. You do not need to worry about this formula if you do not understand it; you will be able to see your position on the leader board on our trading platform directly using a Score Chart. It is important to note that only trades opened and closed during the contest will count for your score, and you can only win a prize if your total PnL % is positive.
The Third group of Testnet Contributors KTX.Finance wants to reward will be KTX.Finance Community Builders. They are users from our KTX.finance First Class (OG) role, top Discord contributors, top (Crew3) leaderboard, top referrer of KTX.Finance and Testnet contributors who provided valid feedback and suggestions.
Airdrop 2
Airdrop 2 will commence after Mainnet launch. The purpose of Airdrop 2 is to motivate KTX.finance early adopters and new users to trade-to-earn, provide liquidity-to-earn and to refer-to-earn. More details will be provided in the near future so make sure to follow all socials for timely announcement!
Snapshot Date
A snapshot of Airdrop 1 participants will be screenshot on the 14th of April 2023! Soon after we will be able to identify the eligible users and their dictate token allocation. Eligible users from Testnet have to place a perpetual trade within 28 days right after Mainnet launch with a margin of 100 BUSD or USDT to claim the KTX packages.
*You can check your eligibility by visiting “Claim” Tab.
Connect with KTX.Finance to stay updated always!
