KiloEx invested by YZi Labs is about to issue coins, how can you make a sprint before airdropping?

Original | Odaily Planet Daily

Author |Asher

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. Details on airdrop rules and eligibility criteria will be released soon. According to an inquiry at the official Discord today (March 13), KiloEx, which is about to issue coins, has not yet taken a snapshot and is still in the sprint stage of "airdropping". In addition, there are still plans to airdrop after TGE.

 Official reply snapshots are not yet available

Below, Odaily Planet Daily will take you to take stock of interactive activities that can still be carried out on the KiloEx platform to gain potential 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 rate basis to anchor the price of perpetual contracts to spot prices to ensure transaction stability and reliability. The advantages of users' transactions on the KiloEx platform are:

• No native Gas tokens required: supports USDT/USDC payment Gas fees, no additional cross-chain redemption is required;
• Sign-free transactions, convenient operation: no need for cumbersome signatures, and the transaction process is smoother;
• Efficient execution, close to CEX experience: optimize transaction speed and improve user interaction efficiency.

In August 2023, YZi Labs announced investment in four MVB VI excellent projects, including the perpetual contract DEX KiloEx (the other three are: Ethereum expansion project AltLayer, DeFi lending agreement Kinza and AI game Sleepless AI), and KiloEx is also a project member of the BNB Chain Airdrop Alliance program.

According to official data, the KiloEx platform currently has an open contract value of nearly US$8 million, with a cumulative number of users of nearly 400,000. In addition, according to DefiLlama data, KiloEx TVL hit a maximum of US$50 million and has now declined to temporarily report US$38 million.

 KiloEx TVL Data

For the token economic model, according to the official documents (or the old token model for reference), the total amount of token KILO is 1 billion, the specific details are as follows:

• Ecosystem: accounts for 34% of the total token supply and is unlocked linearly in 4 years;
• Airdrop: 10% of the total token supply;
• Pledge reward: accounts for 10% of the total token supply, and is gradually released in 4 years after TGE;
• Team and future expansion plans: 10% of the total token supply, will be locked for 1 year after TGE, and will be unlocked linearly for the next 3 years;
• Private equity: accounts for 10% of the total token supply and will be locked for 1 year after TGE, and will be unlocked linearly for the next 3 years;
• Strategic investment: It accounts for 10% of the total token supply and will be locked for 1 year after TGE and will be unlocked linearly for the next 3 years;
• Advisor: 10% of the total token supply, will be locked after TGE for 1 year, and will be unlocked linearly for the next 3 years;
• Liquidity provision: 1% of the total token supply.

Interactive tutorial

Interactive website (link given by the official X platform): 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 "Trade Now".

STEP 2. After jumping to the link, click "Connect Wallet" and receive a newbie gift package. Before trading, deposit a small amount of BNB from the exchange to the opBNB chain (or span the BNB in ​​the BNB Chain to the opBNB chain through the zkbridge cross-chain bridge), and then set a four-digit PIN code (can be skipped).

STEP 3. Return to the trading interface, select "Long/Short", set the leverage multiple, set the number of USDT orders by value (any quantity is OK), click "Long/Short", and then click "Market/Short" to close the position according to the profit and loss situation. According to official information, Kiloex airdrops are mainly linked to the size of trading volume. The larger the trading volume, the more airdrops. Therefore, in order to obtain more airdrops, repeated transactions need to be made to increase transaction volume.

STEP 4. Conduct daily check-in (account points need to be greater than 35 points), select the "Welfare Center" above and click "Check in".

STEP 5. Deposit USDT You can estimate annualized income + airdrop points of 8.24%. Select the "Earn Currency" above to deposit USDT.

Two ongoing Galaxy events

In addition, Kiloex still has two Galxe activities to participate in before TGE, namely:

Columbus Program (Activity Connection: https://app.galxe.com/quest/KiloEx/GCXdxt1YEv): There are 4 groups of tasks, which are respectively social and transaction volume tasks, which are relatively simple.

Trade the Future (Activity Connection: https://app.galxe.com/quest/KiloEx/GCf5mt1HMX): There is a total of 1 task group, which are respectively social and transaction volume tasks.