Arkham Exchange launches airdrop point activity, you can earn ARKM coins
According to (Cointelegraph), Arkham, a well-known blockchain analysis tool, recently launched a decentralized exchange and announced the launch of an airdrop points event on November 14.
Arkham said that users can earn points simply by participating in spot and perpetual contract transactions, and these points can later be exchanged for $ARKM, the cryptocurrency issued by Arkham.
Arkham officially launched a cryptocurrency derivatives exchange on November 6, targeting retail investors in an attempt to compete with existing platforms such as Binance. The exchange integrates Arkham’s research functions and provides instant on-chain auditing and proof of reserves (PoR), but is currently not open to US users.
Arkham has received $12 million in investment, including Sam Altman, founder of ChatGPT developer OpenAI, and issued $ARKM in July 2023.
According to data from the cryptocurrency ranking website CoinMarketCap, as of the time of writing today, $ARKM is quoted at $2.04, a cumulative increase of more than 300% in the past year.
Chart source: CoinMarketCapArkham ($ARKM) price trend
How to participate in the Arkham airdrop points event?
According to Arkham’s official introduction, this points activity will be conducted within the first 30 days of the exchange opening for trading. After the event, users’ points can be exchanged for $ARKM. It should be noted that sybils, users who invite inactive users, wash traders, and other users who attempt to manipulate the system will be officially determined to be unable to receive airdrops.
Users can earn points in two main ways:
1.VIP user recommendation program
Successfully recommend/invite new users to get 15 points
If the invited user becomes a VIP user, you will receive 10% of the points generated by the user.
Qualifying Arkham VIP users will receive an additional 10% bonus on accumulated points after opening an exchange account and depositing $100.
2. Trading reward program
Points can be earned for both spot trading and perpetual contract trading.
Number of points earned based on transaction volume within 30 days
Requires opening an exchange account and meeting minimum deposit requirements
Transaction Points Tier Table (Points Tier)
Spot trading points table
grade
30-day trading volume requirements (in USD)
Points reward
Level 1 $100,000200 Level 2 $250,000500 Level 3 $500,0001,000 Level 4 $1,000,0002,000 Level 5 $2,500,0005,000 Level 6 $5,000,00010,000 Level 7 $10,000,00020 ,000
Perpetual Contract Trading Points Table
grade
30-day trading volume requirements (in USD)
Points reward
Level 1 $1,000,000200 Level 2 $2,500,000500 Level 3 $5,000,0001,000 Level 4 $10,000,0002,000 Level 5 $25,000,0005,000 Level 6 $50,000,00010,000 Level 7 $100,000,00020 ,000
Cryptocurrency derivatives trading market continues to grow
The global cryptocurrency derivatives market is booming. CCData’s report shows that the trading volume of cryptocurrency derivatives was about $1.5 trillion in 2023, but it had grown to more than $3 trillion by September this year, mainly driven by retail investors.
Many well-known exchanges have also launched derivatives services. For example, the Chicago Mercantile Exchange (CME) launched Bitcoin Friday Futures (BFF) on September 29 this year, which is known as the most successful cryptocurrency futures product in history.
The US listed exchange Coinbase launched a derivatives exchange as early as 2022 to provide cryptocurrency futures services to its tens of millions of US users; Crypto.com's derivatives exchange Nadex launched meme currency derivatives on October 8 The contract allows users to trade PEPE coins ($PEPE) and Floki inu ($FLOKI).
With Trump elected as the new president of the United States, Bitfinex exchange researchers predict that U.S. cryptocurrency regulation will become friendlier and a "new wave of hope" will enter the cryptocurrency market. Although Arkham Exchange is currently not open to US users, it may be loosened in the future.
Further reading: BlackRock enters the exchange market! Will promoting BUIDL funds to Binance and expanding derivatives application compliance lead to loss of competitiveness? MaiCoin founder: Taiwan should open up virtual currency derivatives trading
[Disclaimer] There are risks in the market, so investment needs to be cautious. This article does not constitute investment advice and users should consider whether any opinions, views or conclusions contained in this article are appropriate for their particular circumstances. Invest accordingly and do so at your own risk.
"Arkham Exchange is going to airdrop!" A limited-time point activity is launched, you can earn ARKM coins by doing 2 actions." This article was first published in "Crypto City"
