#airdrop Polygon decentralized derivatives exchange Polysynth Protocol will airdrop to traders and POL holders and will give $50 POL tokens to both valid referrers
Polysynth Protocol is the first decentralized exchange (DEX) based on the Polygon network, which enables perpetual contract trading across asset classes such as cryptocurrencies, stocks, commodities, and more. Being on the Polygon network allows us to facilitate instant settlement with near-zero gas fees.
A perpetual contract is a non-expiring contract that allows traders to speculate on the price of an underlying asset without actually owning the underlying asset by buying (long) or selling (short) the contract. Bitmex launched perpetual contracts in 2016, and it has been adopted by almost all derivatives exchanges since then. Perpetual contracts have grown into one of the most popular derivatives in the space.
The POL token is a utility and governance token that allows the Polysynth community to truly own and govern the Polysynth protocol. Therefore, holders of POL tokens get voting rights proportional to their holdings. By enabling shared control, POL aligns incentives between teams, communities, traders, investors, and partners in the Polysynth ecosystem.
The picture is a screenshot of my test to receive the airdrop
Airdrop steps
1: Visit the official website of Polysynth (fill in the recommended code: 0xb8BA7cB322515aAAF994d02C52d053B24Ca6CD2A).
For each successful referral, you and your friend will receive $50 worth of POL. As a referrer, you will receive 25% of the transaction fees incurred by your friends during the first 12 months, payable in POL at the end of the 12 months.
2: All traders on the Polysynth protocol are eligible to receive POL as a trading reward.
3: All arbitrageurs who reach at least 3% of the converged volume on the Polysynth protocol within that epoch are eligible to receive POL as a reward for the given epoch.
4: The total transaction reward is capped at 700,000 POL every 7 days. Therefore, if the total reward for all traders in the epoch exceeds 700,000, the reward for each is scaled, so the total reward is still limited to 700,000 POL each.
5: POLies are eligible to participate in community NFTs, and rare NFTs will be airdropped.
6: If there are fewer token holders than NFTs, they will be airdropped on a rotating basis. If there are more token holders than NFTs, they will be airdropped using a formula that will reward holders of the protocol in descending order. More details coming soon.
7: Airdrop distribution method: POL token balance >=50000 can get 1% airdrop; POL>=100000 can get 2% airdrop; POL>=200000 can get 4% airdrop; POL>=500000 can get 8% airdrop POL>=1000000 can get 16% airdrop; POL>=2500000 can get 32% airdrop; POL>=5000000 can get 37% airdrop.
The POL token has not yet been launched, and the governance token POL will be launched after June 2022.
Comments
Post a Comment