Original | Odaily Planet Daily

Author | Asher

On March 4, KiloEx, a perpetual contract DEX invested by YZi Labs, announced on platform X that its TGE will take place on March 17. Detailed information regarding airdrop rules and eligibility criteria will be announced soon. According to an inquiry on the official Discord today (March 13), KiloEx, which is about to issue tokens, has not yet conducted a snapshot and is still in the "airdrop rush" phase. Additionally, there will be a token airdrop plan after the TGE.

Official response: snapshot has not yet been conducted

Below, Odaily Planet Daily will summarize the interactive activities that can still be conducted on the KiloEx platform to explore potential airdrop opportunities.

Project Introduction

KiloEx is a decentralized exchange focused on perpetual contract trading, aiming to provide users with a friendly trading experience. KiloEx supports multiple blockchains, including BNB Chain, opBNB, Manta, Taiko, and Base. KiloEx anchors the perpetual contract prices to spot prices using rate basis, ensuring stability and reliability in trading. The advantages of trading on the KiloEx platform include:

• No native Gas tokens required: Supports USDT/USDC for gas fees, no need for additional cross-chain exchanges;
• No signature trading, easy operation: No cumbersome signatures required, making the trading process smoother;
• Efficient execution, close to CEX experience: Optimized trading speed, enhancing user interaction efficiency.

In August 2023, YZi Labs announced investments in four outstanding MVB VI projects, including the perpetual contract DEX KiloEx (the other three being the Ethereum scaling project AltLayer, the DeFi lending protocol Kinza, and the AI game Sleepless AI). Additionally, KiloEx is a project member of the BNB Chain airdrop alliance plan.

According to official data, KiloEx currently has an open contract value of nearly $8 million and a cumulative user count of nearly 400,000. Furthermore, according to DefiLlama data, KiloEx's TVL peaked at $50 million and has currently retreated to approximately $38 million.

Regarding the token economic model, according to official documents (or the old version of the token model for reference), the total supply of the KILO token is 1 billion, distributed as follows:

• Ecosystem: 34% of the total token supply, unlocked linearly over 4 years;
• Airdrop: 10% of the total token supply;
• Staking rewards: 10% of the total token supply, gradually released over 4 years after TGE;
• Team and future expansion plans: 10% of the total token supply, locked for 1 year after TGE, then linearly unlocked over the next 3 years;
• Private placement: 10% of the total token supply, locked for 1 year after TGE, then linearly unlocked over the next 3 years;
• Strategic investment: 10% of the total token supply, locked for 1 year after TGE, then linearly unlocked over the next 3 years;
• Advisors: 10% of the total token supply, locked for 1 year after TGE, then linearly unlocked over the next 3 years;
• Liquidity provision: 1% of the total token supply.

Interaction Tutorial

Interactive website (link provided by the official X platform): https://www.kiloex.io/?utmsource=twitter&utmmedium=twitterhome&utmcontent=home

STEP 1. After entering the interactive link, switch the language to Traditional Chinese and click "Trade Now."

STEP 2. After redirecting, click "Connect Wallet" and claim the beginner's gift pack. Before trading, deposit a small amount of BNB from the exchange to the opBNB chain (or use the zkbridge cross-chain bridge to transfer BNB from BNB Chain to opBNB), then set a four-digit PIN code (can be skipped).

STEP 3. Return to the trading interface, select "Long/Short," set the leverage multiplier, set the USDT amount for placing an order (any amount is fine), click "Long/Short," and then click "Market/Limit" to close the position based on profit and loss. According to official information, KiloEx's airdrop is mainly linked to trading volume; the larger the trading volume, the more airdrops. Therefore, to receive more airdrops, you need to trade repeatedly to increase trading volume.

STEP 4. Check in daily (account points must be greater than 35 points), select "Welfare Center" at the top and click "Check in."

STEP 5. Deposit USDT to estimate an annual yield of 8.24% + airdrop points. Select "Earn Coins" at the top to deposit USDT.

Two Ongoing Galxe Activities

Additionally, before the TGE, KiloEx still has two Galxe activities available for participation, namely:

Columbus Program (activity link: https://app.galxe.com/quest/KiloEx/GCXdxt1YEv): A total of 4 sets of tasks, including social and trading volume tasks, which are relatively simple.

Trade the Future (activity link: https://app.galxe.com/quest/KiloEx/GCf5mt1HMX): A total of 1 set of tasks, including social and trading volume tasks.

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