What is ZKX Airdrop and How to Get It? 🚀
If you are looking for a way to earn some free crypto, you might be interested in ZKX airdrop. ZKX is a new project that aims to revolutionize the derivatives market with a decentralized exchange (DEX) built on StarkNet. In this article, we will explain what ZKX is, how it works, and how you can get a potential airdrop of its native token. 🙌
What is ZKX? 🤔
ZKX is the first perpetual futures DEX on StarkNet with self-custody and true community governance. StarkNet is a layer-2 scaling solution that uses zero-knowledge proofs (ZKPs) to enable fast and cheap transactions on Ethereum. ZKX allows users to trade perpetual futures contracts with up to 100x leverage while maintaining full control of their funds. 💸
Perpetual futures are a type of derivative that allows traders to speculate on the price movements of various assets without owning them. Unlike traditional futures contracts that have an expiration date, perpetual futures have no expiry and are settled daily. This means that traders can keep their positions open indefinitely as long as they have enough margin in their accounts. 📈
ZKX also offers a unique way to create and trade complex financial instruments as swaps. Swaps are contracts that allow parties to exchange cash flows based on different underlying assets or indexes. For example, you can swap the interest rate payments of a fixed-rate loan for a variable-rate loan, or swap the returns of a stock index for a cryptocurrency index. Swaps can help traders hedge their risks, diversify their portfolios, or gain exposure to new markets. 🌎
Does ZKX Have a Token? 🪙
Yes, ZKX plans to launch its own token called ZKX in the future. The token will serve as the governance and reward mechanism of the platform. Token holders can stake their tokens to gain access to digital shares of ZKX, which are linked to both governance and protocol rewards. By staking ZKX tokens, users can participate in the decision-making process of the platform and earn a share of the trading fees generated by the DEX. 🤑
ZKX has raised $4.5 million in a seed funding round with participation from StarkWare, Huobi, Crypto.com, Amber Group, HashKey Capital and more. The project has also hinted at doing an airdrop to early users who interact with their testnet. Therefore, it is possible that testnet participants may qualify for the airdrop when the token launches. However, there is no guarantee that they will do an airdrop or what the eligibility criteria will be. It is only speculation at this point. 🤷♂️
How to Get the ZKX Airdrop? 🙋♂️
The best way to get the ZKX airdrop is to interact with the ZKX testnet and provide feedback. Here's how you can do it: 👇
- Connect your MetaMask or other supported wallets to the ZKX testnet page. Click on “Link Wallet” to sign the message confirming you are the owner of the wallet.
- Switch the network to Goerli. Once your wallet is connected, you will have a ZKX account with 10,000 test USDC. It may take some time to receive the tokens so please be patient.
- Now click on “Trade” from the left section and make trades. Select a trading pair and place an order. You can use the slider button to set the leverage ratio by moving the slide bar.
- You can see all of your created orders at the Orders page. There are many order types on ZKX. They have a complete guide on how to trade.
- You can also create and trade swaps at the Swaps page.
What is ZKX Roadmap? 🛣️
ZKX has a clear and ambitious roadmap for the future. The project is currently in the testnet phase, which will last until May 1st. During this time, users can test the platform, provide feedback, and participate in quests and bounties. 🎁
After the testnet, ZKX plans to launch its mainnet and token in Q2 2023. The mainnet will enable users to trade real assets with real money on StarkNet. The token will be distributed to early users, testers, and community members who contributed to the project. 💰
ZKX also aims to expand its product offerings and features in the future. Some of the planned developments include: 🚀
- Adding more trading pairs and assets
- Integrating with other layer-2 solutions and cross-chain bridges
- Launching a decentralized node network for data providers
- Implementing a liquid governance system with ZKX DAO
- Creating a gamified leaderboard system with rewards and challenges
- Offering more complex financial instruments and derivatives
Why Should You Care About ZKX? 😍
ZKX is a project that has a lot of potential to disrupt the derivatives market with its innovative and scalable solution. Here are some of the reasons why you should care about ZKX: 😎
- ZKX leverages StarkNet, a cutting-edge layer-2 scaling solution that uses ZKPs to enable fast, cheap, and secure transactions on Ethereum.
- ZKX offers a unique way to create and trade complex financial instruments as swaps, which can help traders hedge their risks, diversify their portfolios, or gain exposure to new markets.
- ZKX allows users to trade perpetual futures contracts with up to 100x leverage while maintaining self-custody of their funds.
- ZKX is governed by ZKX DAO, a decentralized organization that empowers token holders to participate in the decision-making process of the platform and earn a share of the trading fees generated by the DEX.
- ZKX has a strong team and backing from reputable investors such as StarkWare, Huobi, Crypto.com, Amber Group, HashKey Capital and more.
- ZKX has a generous reward system for early users who interact with their testnet and provide feedback. Users can earn USDC, NFTs, whitelist spots, and future ZKX tokens by participating in quests and bounties.
How to Learn More About ZKX? 🤓
If you are interested in learning more about ZKX, you can visit their official website, read their Medium blog, follow them on Twitter, join their Telegram group, or chat with them on Discord. You can also check out their testnet FAQ or watch their video tutorial on how to trade on ZKX.
The Bottom Line 🙌
ZKX is a promising project that aims to revolutionize the derivatives market with a decentralized exchange built on StarkNet. The project offers a unique way to create and trade complex financial instruments as swaps, as well as perpetual futures contracts with high leverage and self-custody. ZKX also has a strong team, backing, roadmap, governance, and reward system. If you want to get a potential airdrop of ZKX tokens, you should interact with their testnet and provide feedback as soon as possible. Don't miss this opportunity to join the ZKX community and be part of the future of derivatives trading. 🚀
Do you have any questions or comments about ZKX? Let us know in the comment section below. We would love to hear from you. 😊
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