Airdrop Guide — IDEX(Polygon)
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IDEX is a order-book style DEX recently launched on Polygon. It sources its liquidity from both limit orders of other users and an AMM liquidity pool. Its native token IDEX recently listed on Coinbase Pro.
Start trading at https://exchange.idex.io/ by depositing your assets in “My Balances”. Make sure you are on Polygon.
They are now having two events at the same time.
1. First Trade Bonus
Total Rewards Pool: 1,000,000 IDEX (~$400,000)
Eligibility: Wallet has traded on QuickSwap or SushiSwap on the Polygon Network before Nov 9, 2021–23:59 GMT-0.
You can check whether you are eligible for the event here.
Rules:
Wallet trades a minimum of $200 USD value on IDEX v3 between Dec 1 and Dec 10 at 00:00 GMT-0.
1,000,000 IDEX is split evenly among all eligible participants
Read the full details here.
Trade above $200 USD of cumulative volume and get your share of the reward pool. Every eligible address gets the same share irrespective of their trading volume in this event.
2. Trading Rewards
Total Rewards Pool: 3,000,000 IDEX (~$1,200,000) in December (1,500,000 IDEX per 2-week period)
Eligibility: Everyone is eligible for this event.
Rules:
Trades made before December 15 will earn IDEX rewards for the first reward period.
Rewards will be calculated based on individual volume compared to total exchange volume for that period. The exact formula is (trader volume/total volume) * rewards pool.
Read the full details here.
You can check your trading rewards here.
Right now you are getting around 25 IDEX (~$10) per $1000 of volume in this event, around a 1% reward rate. You will be paying 0.1% on taker fees and 0.25% on maker fees.
That is, you earn around 0.75% to 0.9% net on your trades based on current prices and IDEX distribution rate. The reward rate will decrease as more total volume is traded before December 15. Price of IDEX also likely to decrease after unlocking of the rewards. DYOR.
You can build up your volume easily by trading the USDT-USDC pair.