Steps to Join the VDEX Airdrop

1. Prepare Necessary Assets: Ensure you have USDT or USDC available as collateral and a small amount of ETH for gas fees on Arbitrum. Acquire these assets from exchanges like Binance if needed.
2. Bridge to Arbitrum: Use a reliable platform like Rhino.fi to transfer your assets to the Arbitrum network if they are on a different blockchain.
3. Wallet Setup: Install Rabby Wallet or another compatible Web3 wallet. Verify that all your assets are on the Arbitrum network.
4. Connect to VDEX: Head to the VDEX website and click “Connect Wallet” in the top-right corner. Choose your wallet and authorize the connection.
5. Agree to Terms: Familiarize yourself with and accept the platform’s terms of service to move forward.
6. Deposit Collateral: Hit the “Deposit” button and choose the Arbitrum network. Select either USDT or USDC for your collateral.
7. Approve Transactions: Click “Approve Funds” and confirm within your wallet. Then, proceed by clicking “Deposit funds” and confirm the deposit.
8. Engage in Trading: Regularly execute trades on both spot and perpetual futures markets to accumulate XP and points, where your trading volume significantly impacts your earnings.
9. Provide Liquidity: Visit the “VMM” (Virtual Market Maker) section and deposit USDC or USDT to earn passive yield while accumulating points.
10. Utilize Referrals: Access the “Referrals” area, copy your unique link, and share it. Earn points based on the trading behaviors of those you refer.
11. Join the Xeet Challenge: Promote VDEX on social media and compete in the Xeet tournament for additional rewards. The top creators will share in 0.5% of the token supply, distributed monthly.

Strategies for Maximizing Points

Maintain Consistent Activity: Frequent trading, rather than sporadic large trades, leads to greater point accumulation. Aim to trade multiple times each week to enhance your earnings.

Utilize the VMM Vault: If trading isn’t your primary focus, depositing into the Virtual Market Maker vault can yield passive income and points with less effort, although active trading might generate more points overall.

Expand Your Referral Network: By building a strong network of referrals, you can earn substantial point multipliers. Generating $100K in referral trading volume can grant you a 2x multiplier, emphasizing the importance of engaging referrals who actively trade.

Engage with the VSHARK Cabal: Becoming part of the VSHARK community can enhance point accumulation through collaboration and exclusive activities such as scavenger hunts featuring daily andweekly prizes.

Target Higher Tiers: Striving for higher tier levels can significantly impact potential airdrop allocations. Focus on reaching thresholds like:

• Clownfish (over 100 points)
• Swordfish (over 1,000 points)
• Hammerhead (over 10,000 points)
• Great White (over 100,000 points)
• Whale Shark (over 500,000 points)

Frequently Asked Questions

Is the VDEX airdrop confirmed?

While no official confirmation has been provided for a token airdrop, the tiered points system and ongoing campaigns suggest that the possibility of an airdrop exists. References to the $VDEX token have appeared in various promotional materials.

Which blockchain should I utilize for deposits?

Arbitrum is recommended as the primary network for VDEX operations due to lower transaction fees compared to Ethereum’s mainnet. Concentrate your activities on Arbitrum for maximum efficiency.

Can users from the United States participate?

Absolutely, VDEX has specifically designed its platform to be accessible to users in the USA without needing a VPN, setting it apart from many other exchanges.

When are points distributed?

1 million points are allocated to the community each Wednesday at 17:00 UTC. Your total points are updated based on activities from the previous week.

What is the minimum deposit amount?

VDEX does not stipulate a specific minimum deposit, but having a balance between $100 and $500 allows for productive trading while managing risks effectively.

Do VMM deposits earn points at the same rate as trading?

Both trading and providing liquidity through the VMM earn points, but trading generally yields points at higher rates due to volume and frequency compared to slower VMM accumulation.

Final Thoughts

VDEX presents an opportunity for users to earn valuable points through a responsive decentralized exchange while enjoying zero-fee trading and fast execution. By staying active in trading, contributing liquidity via the VMM, and expanding referral networks, users can move up in tier rankings and potentially receive token rewards.

The project’s backing by major investors combined with its notable trading volume indicates promising prospects for a rewarding airdrop. Make it a priority to reach higher tiers through consistent participation, and consider joining the VSHARK community for enhanced earning capabilities and additional points.