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Algodex, as its name would suggest, is an upcoming DEX on Algorand running on an order book (e.g. Serum). It is currently on testnet only and will soon be released on mainnet.

The founder of Algodex has recently tweeted that their native token $ALDX will soon have its TGE (Token Generation Event). He also hinted at the possibility of an airdrop for testnet users in TG group. It seems that there is a decent probability of airdrop for testnet users in the near future.

To participate in the testnet, follow the steps below.

Step 1:

First set up a My Algo wallet at https://wallet.myalgo.com/.

Connect to Testnet on My Algo in the top right-hand corner.

Step 2:

Claim some free testnet $ALGO at https://bank.testnet.algorand.network/.

Step 3:

Head to https://testnet.algodex.com/ and connect your wallet. Now just place some random orders on the DEX like you would on Binance/FTX.