Key Takeaways
- Paradex Network is an advanced perpetuals decentralized exchange designed to operate on a high-performance Layer-2 network.
- The project is incubated by Paradigm, a major institutional liquidity network in the crypto space, which gives it significant backing and access to trading expertise.
- Paradex is currently live on Mainnet and focuses heavily on perpetual futures trading, with plans to expand its asset offerings and decentralize progressively over time.
Disclaimer: Crypto airdrops are promotional events where tokens are distributed to existing holders of a cryptocurrency or to individuals who meet certain criteria. While airdrops can be a way to acquire tokens at no cost, they also involve risks. There’s no guarantee that the airdropped tokens will increase in value, and there may be associated fees or requirements. Additionally, airdrops can be susceptible to scams and phishing attempts. Always exercise caution and verify the legitimacy of any airdrop opportunity before participating.
What Is Paradex Network?
Paradex Network is an advanced Perpetuals DEX (decentralized exchange for perpetual futures trading) designed to operate on a high-performance Layer-2 network. It is built to enhance open finance by offering a self-custodial trading platform with deep liquidity, low fees, and fast transaction speeds. The project is incubated by Paradigm, a major institutional liquidity network in the crypto space, which gives it significant backing and access to trading expertise.
Paradex aims to bridge the gap between centralized finance (CeFi) and decentralized finance (DeFi), addressing issues like market trust (highlighted by the FTX collapse in 2022) and the demand for scalable, user-centric trading solutions. It is currently live on Mainnet and focuses heavily on perpetual futures trading, with plans to expand its asset offerings and decentralize progressively over time.
How To Qualify For An Airdrop?
Paradex Network is a cryptocurrency trading platform. Users who try it out may be eligible for an airdrop in the future, though this is not guaranteed.
To join:
👉 STEP 1: Head over to https://app.paradex.trade/.
👉 STEP 2: Connect your Web3 wallet.
👉 STEP 3 (Safer Route): Head to the Vaults page, deposit USDC into the Gigavault vault, and earn around 30% APR to earn points.
👉 STEP 4 (Riskier Route): Head to the Trade page and start trading on the platform.
👉 STEP 5: Keep an eye on official announcements and hope for the best!
Note:
Points are earned through the following activities:
- Trading and paying trading fees.
- Providing liquidity (spread, depth, uptime, maker volume).
- Maintaining open trading positions.
- Depositing collateral as trading margin or into Paradex Vaults.
- Getting liquidated.
- Trading regularly, referring friends, exploring new products and features, publishing community research, sharing insights, and staying active on Discord.
Final Thoughts
That’s about it for this airdrop guide! For more potential airdrops like this one, visit our Airdrops page, where we cover only the most legit airdrops happening in the crypto space!
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