Original | Odaily Planet Daily
Author |Asher
On March 4, KiloEx, a perpetual contract DEX invested by YZi Labs, announced on the X platform that its TGE will be held on March 17. Details on the airdrop rules and eligibility criteria will be announced soon. According to inquiries on the official Discord today (March 13), KiloEx, which is about to issue tokens, has not yet taken a snapshot and is still in the sprint stage of "airdropping". In addition, there is still a token airdrop plan after the TGE.
Official response snapshot is still not in progress
Next, Odaily Planet Daily will take you through the interactive activities that can still be carried out on the KiloEx platform, in order to seek potential airdrop opportunities.
Project Introduction
KiloEx is a decentralized exchange that focuses on perpetual contract trading and aims 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 with the spot price to ensure the stability and reliability of the transaction. The advantages of users trading on the KiloEx platform are:
- No need for native Gas tokens: Supports USDT/USDC to pay Gas fees, without the need for additional cross-chain exchange;
- Signature-free transactions, convenient operation: no need for cumbersome signatures, 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 investments in four outstanding MVB VI projects, including the perpetual contract DEX KiloEx (the other three are: Ethereum expansion project AltLayer, DeFi lending protocol 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 current open interest value of the KiloEx platform is nearly 8 million US dollars, and the cumulative number of users is nearly 400,000. In addition, according to DefiLlama data, KiloEx TVL has reached a maximum of 50 million US dollars, but has now fallen back to 38 million US dollars.
KiloEx TVL data
Regarding the token economic model, according to the official document (or the old version of the token model, for reference), the total amount of its token KILO is 1 billion, specifically as follows:
- Ecosystem: 34% of the total token supply, unlocked linearly over 4 years;
- Airdrop: 10% of the total token supply;
- Staking rewards: 10% of the total token supply, released gradually 4 years after TGE;
- Team and future expansion plans: 10% of the total token supply will be locked for 1 year after TGE and unlocked linearly over the next 3 years;
- Private placement: 10% of the total token supply, which will be locked for 1 year after TGE and unlocked linearly over the next 3 years;
- Strategic investment: 10% of the total token supply, which will be locked for 1 year after TGE and unlocked linearly over the next 3 years;
- Advisors: 10% of the total token supply, which will be locked for 1 year after TGE and unlocked linearly over 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 the novice gift package. Before trading, deposit a small amount of BNB from the exchange to the opBNB chain (or transfer the BNB in the BNB Chain to the opBNB chain through the zkbridge cross-chain bridge), and then set a four-digit PIN code (optional).
STEP 3. Return to the trading interface, select "Long/Short", set the leverage, set the amount of USDT to order by value (any amount is fine), click "Long/Short", and then click "Market/Limit" 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, you need to repeatedly trade to increase trading volume.
STEP 4. Check in daily (account points must be greater than 35 points), select "Benefits Center" above and click "Check in".
STEP 5. Deposit USDT to get an estimated annualized return of 8.24% + airdrop points. Select "Earn Coins" above to deposit USDT.
Two ongoing Galxe events
In addition, Kiloex still has two Galxe events to participate in before TGE, namely:
Columbus Program (activity link: https://app.galxe.com/quest/KiloEx/GCXdxt1YEv): There are 4 groups of tasks, including social and trading volume tasks, which are relatively simple.
Trade the Future (activity link: https://app.galxe.com/quest/KiloEx/GCf5mt1HMX): There are 1 group of tasks, including social tasks and trading volume tasks.
