Following the airdrops on Mantle Network and BNB Chain, KTX.Finance has launched the exclusive airdrop plan "Arbitrum Atlas" on Arbitrum. KTX.Finance is a decentralized spot and perpetual trading platform that uses a single multi-asset pool for leveraged trading. Traders can enjoy low swap fees, leverage of up to 50x, and no counterparty risk. Essentially, traders trade with KTX.Finance's native liquidity pool or KLP pool. The current price of the token KTC is 1.03 USDT, with a market value of 7.81 million USD.
Below is the introduction to the KTX official announcement of the Arbitrum Atlas activity, compiled by Odaily Star Daily.
We are pleased to announce the launch of the "Arbitrum Atlas" airdrop plan, which will airdrop a total of 500,000 KTC tokens to Arbitrum users and related ecological projects.
Since entering Arbitrum in 2024, KTX has achieved a series of milestones, with a total trading volume exceeding 6.5 billion USD, a total TVL of 10 million USD, and total fee income of approximately 5.5 million USD. We have become the highest-earning project on Mantle and consistently rank in the top 5 for PerpDex on all EVM chains within 24 hours.
KTX has recently partnered with BounceBit and successfully entered the Bitcoin ecosystem, pioneering on-chain perpetual trading for native Bitcoin users. With our continuous efforts to provide more value to users, we aim to become the preferred cross-chain PerpDex in the emerging ecosystem.
Why launch the KTX Arbitrum Atlas airdrop plan?
We conduct airdrops each time we expand to a new chain, such as the early Mantle Network and BNB Chain. With KTX operating on Arbitrum for nearly half a year, we have been looking for the best time to express our gratitude to users.
Following the highly anticipated EIGEN token mining activity released by Eigenlayer, as the former's airdrop plan did not receive widespread user favor, the team has decided to provide a more transparent and fair airdrop for users contributing to the development of the KTX project.
Our priorities include the KTC token, a transparent mining schedule, and fair airdrop distribution. As for the mechanism behind Atlas, it is as follows:
Arbitrum Atlas will launch a point system—Atlas Rings, and within 2 weeks, allow users to participate in the KTC token airdrop plan.
Users can accumulate Atlas Rings in four ways:
- All users who used the KTX Protocol on the Arbitrum mainnet before April 21, 2024;
- All participants in the Vaultka leveraged KLP (Tequila Vault) as of April 21, 2024;
- All eligible PYTH Stakers as of April 22, 2024;
- Users who participate in KTX from 00:00 on May 7, 2024, to 23:59 on May 21, 2024 (UTC+8).
Snapshots have already been taken for the first three items. The Arbitrum Atlas activity will mainly focus on the fourth item, with specific criteria as described below.
How to participate in Arbitrum Atlas
When the Arbitrum Atlas activity officially begins on May 7, 2024, users will be able to instantly view their accumulated Atlas Rings quantity and four key statistics:
- Trading volume;
- Profit and loss;
- Staked KTC token amount;
- Staked KLP token amount.
These criteria will be the key indicators for each user's final KTC token allocation.
If users have previously interacted with KTX, Vaultka, and Pyth, they can view the corresponding Atlas Rings statistics on the KTX.Finance rewards page.
- Eligible Vaultka users: those who have deposited in the KLPLeverage vault or voted for the issuance of esVKA tokens in the latest epoch.
- Eligible Pyth users: those who have staked over 5000 PYTH tokens.
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