BingX Academy LogX Airdrop Guide: How to Receive LogX's Airdrop

LogX Airdrop Guide: How to Receive LogX's Airdrop

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LogX Airdrop Guide: How to Receive LogX's Airdrop

Empowering Traders 2024-09-12 13:03:09

 

What is LogX?

LogX is an innovative perpetual decentralized exchange (Perp DEX) developed by Flint Labs. The platform is designed to offer deep liquidity for leveraged trading by allowing users to trade against a liquidity pool composed of stable assets such as USDC and USDT, removing the need for external market makers. LogX aims to revolutionize the DeFi trading experience with its unique features, such as smart order splitting and cross-chain trading pairs, providing traders with flexibility and speed. Backed by prominent investors, LogX is set to reshape the decentralized trading landscape.

 

Currently, LogX has launched a testnet, where users can participate in tasks to improve their NFT Loomix and potentially qualify for future airdrops. Users can trade, provide liquidity, and refer others to earn $LOGX tokens and other rewards.

 

How to Participate in the LogX Airdrop

 

 

LogX has allocated $LOGX tokens to reward users based on their platform activities. These activities include trading, providing liquidity, and participating in referral programs. Here’s a detailed breakdown of how you can earn $LOGX tokens through these methods:

 

Step 1: Trading on LogX OG

Every week, LogX will distribute 1,000,000 $LOGX based on user trading volume. Your share of these tokens will be calculated using the formula:

 

(Your trading volume / Total volume on LogX OG) * 1,000,000 $LOGX.

 

By actively trading, you can increase your portion of the weekly token distribution.

 

Step 2: Providing Liquidity

Liquidity providers also have a chance to earn rewards. Each week, 300,000 $LOGX will be distributed based on your average liquidity in the pool, calculated as:

 

(Your average liquidity in the pool / Total liquidity) * 300,000 $LOGX.

 

The more liquidity you provide, the more tokens you can earn.

 

Step 3: Trading on LogX Pro

Another 1,000,000 $LOGX will be distributed weekly to traders on LogX Pro. The amount you receive will be based on your trading volume:

 

(Your trading volume / Total volume on LogX Pro) * 1,000,000 $LOGX.

 

Increase your trading activity on LogX Pro to earn more tokens.

 

Step 4: Referrals

By referring friends to LogX, you can earn a portion of the rewards. A total of 200,000 $LOGX has been set aside for users who refer others. If your referral trades over $10,000 after March 6th, you will receive 100 $LOGX tokens.

 

Step 5: Leaderboards

Each week, 300,000 $LOGX will be distributed to users based on their ranking on the leaderboard. Compete against other traders to climb the ranks and secure your share of the rewards.

 

Step 6: Surprise Campaigns

LogX will also reserve 200,000 $LOGX for surprise campaigns. These campaigns will be announced via social media, so stay tuned for more opportunities to earn additional tokens.

 

Conclusion

By actively participating in the LogX ecosystem—through trading, providing liquidity, and utilizing the referral program—you can accumulate $LOGX tokens and other valuable rewards. Keep an eye on the leaderboards, engage in surprise campaigns, and refer friends to maximize your earnings. Stay tuned for upcoming airdrops and additional incentives as LogX continues to expand its offering in the decentralized finance space.

 

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Risk Warning

Cryptocurrencies and their derivatives are innovative financial products with great volatility and high investment risks.

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