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Logx

Basic Information

InformationDetails
Project NameLogX
Project Websitehttps://www.logx.trade/
Project DescriptionLogX is a decentralized perpetuals exchange (Perp DEX) designed for efficient, on-chain perpetual contract trading with deep liquidity and robust trading infrastructure.
Project TickerLOGX

Airdrop Details

InformationDetails
Airdrop TypeLOGX (Utility Token)
Total Airdrop Amount120,000,000 $LOGX (12% of total supply)
Number of Eligible Users114,000+ users (as of March 2024)
Number of ClaimantsNot Known

Timeline

EventDate
Blockchain SnapshotMarch 5, 2024 (Loyalty snapshot) and March 20, 2024 (Final snapshot)
Claiming StartedMarch 6, 2024 (Weekly airdrops begin)
Claiming EndsToken Generation Event (TGE) - Exact date TBD

Token Distribution

DistributionAmount
MaximumNot Known
Median/AverageNot Known
MinimumNot Known

Eligibility Criteria

Users can earn $LOGX tokens through the following methods:

  1. Loyalty Airdrop (One-time drop before March 20, 2024):

    • Loyalty points & gems were earned based on:
      • Recurring usage of LogX
      • Fees paid
      • Trading profit & loss (P&L)
      • Other core trader metrics
  2. Weekly Airdrops (March 6, 2024 – TGE):

    • 3,000,000 $LOGX distributed every Friday based on:
      • Trading on LogX OG: 1,000,000 $LOGX (proportional to volume)
      • Providing liquidity on LogX OG: 300,000 $LOGX (proportional to liquidity provided)
      • Trading on LogX Pro: 1,000,000 $LOGX (proportional to volume)
      • Referrals: 200,000 $LOGX (trading referral rewards)
      • Leaderboard rankings: 300,000 $LOGX
      • Surprise campaigns: 200,000 $LOGX
  3. Multiplier NFTs:

    • Users could claim Multiplier NFTs before March 5, 2024, which automatically applied multipliers to LogX points and gems.
  4. Royalty NFT Program:

    • Users who own Black, Gold, or Silver Royalty NFTs can redeem them for $LOGX during the airdrop.
  5. Additional Rewards:

    • Users participating in LogX OG can earn Linea XP, Mantle Journey Miles, Blast Points, and Kroma Tokens.
    • Special rewards from Orderly Network for using LogX Pro.

Additional Information

  • Final snapshot of points and gems: March 20, 2024.
  • Weekly airdrops continue until TGE.
  • Users no longer earn LogX points and gems post-March 5, 2024.
  • Royalty NFTs can be redeemed for $LOGX.
  • Final conversion details of points/gems to $LOGX will be shared closer to TGE.
  • LogX aims to scale to $100 billion+ in total trading volume and expand across multiple chains.

The LogX airdrop is designed to reward both early supporters and active traders. 🚀

This post is licensed under CC BY 4.0 by the author.