BNB
by BSCN
March 5, 2023
Early testnet users will be eligible for $KTX token airdrops after the mainnet launch in mid-March.
At its core, KTX.finance is a decentralized derivative exchange that is supported by a hybrid multi-asset liquidity pool with 50% stablecoins ($BUSD and $USDT) on one side and 50% assets on the other (comprising of $BTC.B, $WETH, and $BNB). Traders are able to enjoy up to 50x leverage completely on-chain, while liquidity providers can enjoy high and sustainable yield paid out in $BNB tokens. This unique design, coupled with a self-built custom oracle enables traders to trade with zero slippage and zero price impact.
KTX.finance utilizes a custom oracle that calculates the median price of assets from 7 different CEXs. $BTC, $ETH, and $BNB have extremely deep liquidity, and the distributed dataset across the 7 CEXs makes oracle manipulation extremely difficult.
There are many DEXes launching every other day, but what makes KTX.finance truly unique are the following:
KTX.finance has gone through several iterations and believes the current token distribution and token release schedule will ensure that KTX.finance is a “community-owned” protocol in the long run.
KTX.finance is currently running a perpetual airdrop Testnet campaign. In less than three weeks of Testnet launch, KTX.finance has reached a $1 billion trading volume on Testnet and has more than 1.6k users (each BSC Testnet network faucet is 50k BUSD) onboard. Currently, KTX.finance has more than 4,000 unique users participating in the Testnet.
KTX.finance is rewarding early testers with $KTX token airdrops. Users who’ve actively traded on KTX.finance testnet during the testing stint are eligible to claim KTX.finance gachapon boxes. KTX.finance gachapon boxes can be opened for KTX.finance tokens when KTX.finance launches their tokens soon after the Mainnet launch, which will happen around mid-March 2023.
Eligible users who participated during the entire KTX.finance Testnet period will have to place a perpetual trade with 100 BUSD as collateral within 14 days after Mainnet launch to claim the package. This 14 days window of rewards claiming only starts after KTX.finance launches on Mainnet and after a perpetual trade is being placed and filled.
This airdrop mechanism ensures that traders who actively use KTX.finance will be the ones who get the most tokens and control of the protocol.
The airdrop will be weighted towards traders who actively tested KTX.finance. We believe a weighted distribution of $KTX.finance tokens will benefit the protocol in the long run.
KTX.finance Testnet page is https://testapp.ktx.finance/#/trade.
Website | Twitter | Telegram | Discord | Deck | Doc | Medium
Latest News
0h : 54m ago
OKX Ventures, The Open Platform, and Folius Ventures Launch $10M Telegram Growth Hub
October 29, 2024
Is Bitcoin Set to Soar Even Higher?
October 29, 2024
DWF Labs Dismisses Partner Amid Drink-Spiking Allegations in Hong Kong
October 29, 2024
Visa and FV Bank Debut New Debit and Expense Cards, Bridging Crypto and Fiat Global Payments
October 29, 2024
Bitcoin Surges Past $71,000: What Could be the Possible Reasons?
October 29, 2024
Hong Kong Expands Tax Incentives to Include Virtual Assets, Targeting Institutional Investors
October 28, 2024
Dogecoin Surges Amid Musk and Trump Connections
October 28, 2024
Could Robinhood’s U.S.-Only Election Market Predict Results Better by Excluding Foreign Influence?