Okay, now for Dbridge, they have announced that the claiming period is going to be live soon. And now you have a choice to make whether you want to claim it to your centralized exchange account. That would be KuCoin, Gate.io, Bitget or MXC. If you don't want to claim it to your CEX account, you can actually just claim it on-chain to your Solana wallet. Okay, so I'll put the link later on in the description and there you're going to see... So for this wallet, let's connect it. So, there'll be a recipient address here for you to put your Solana wallet address. I think you can also put EVM, but I'm just going to claim it on Solana and see where this goes. Okay, so that's it for Dbridge. And in terms of the pre-market, on KuCoin it's trading for 0.025 USDT. Okay, okay, okay.
Now for Log X, their test net is done. So this morning when I tried to farm the Log X test net, this announcement came. So it's already concluded. You can check your allocations on September 22. So, you go to Log X, make sure you have your notification on for them and on the 22nd, they'll have an Airdrop Checker page for you to check how much allocation you've got in terms of Log X. And as for some loyal test net users, I think depending on how high the level of your Groot-looking thing is, I think you'll be selected for early access to Log XV2. So, play around with that is also good.
Now in terms of what I'm going to do with Log X: check Airdrop September 22 but TGE September 24. Okay, now what I'm going to do with my Log X tokens is I will stake Log X tokens. Now usually the mistake that I've made before with Airdrops in the past is that I would just hold and stake, but usually those projects end up not doing very well. Well, and turns out it's not a good choice to be. You lose money. You lose money over time, right? Especially if the project, the performance of the token goes down and down and down. But for Log X, there is a good incentive to stake. But here's the kicker. I think depending on what your allocation is going to be, if you have less than $1,000 worth of Log X, I suggest not. Financial advice, but if I was in that position, I would just sell it, take profit. But if I have more than $1,000 worth of Log X, I would at least sell that thousand or maybe 500, then keep the rest to stake because they have 100% net revenue share. 100% net revenue share. This is no exaggeration being one of the largest decentralized exchanges for perpetuals trading.
Okay, if God knows, maybe one day all we're not going to know what's going to happen to centralized exchanges, what's going to happen to regulation after a presidential election. Maybe one day we won't be allowed to do perpetuals trading, right? Because that needs to be heavily regulated. So what's that? What's that? What's going to happen next? You trade on-chain. How do you regulate something on-chain, right? Right. So, there's a... It's already happening in here in Hong Kong. I'm pretty much forced to trade perpetuals on-chain unless I use PPN, but it's still a hassle. So, once you can recognize that there's a lot of usage for on-chain perpetuals and a lot of usage means a lot of fees so by staking Log X, you get a share of those fees and you get 100% of the share of the fees.
Q: What are the details for claiming Dbridge Airdrop?
A: The claiming period for Dbridge Airdrop will be live soon. You can choose to claim it to your centralized exchange account (KuCoin, Gate.io, Bitget, MXC) or claim it on-chain to your Solana wallet.
Q: What are the updates regarding Log X Test Net and Airdrop?
A: The Log X test net has concluded. Allocations can be checked on September 22nd. There will be an Airdrop Checker page on September 22nd for users to check their Log X allocation.
Q: What is the token strategy and revenue share plan for Log X?
A: For Log X tokens, the suggested strategy is to stake the tokens. Depending on your allocation, it is advised to sell if the allocation is less than $1,000. For allocations more than $1,000, consider selling part and staking the rest due to Log X offering 100% net revenue share.
Q: What are the benefits of on-chain perpetuals trading and staking with Log X?
A: On-chain perpetuals trading eliminates the need for heavy regulation. By staking Log X tokens, users can earn a portion of the fees generated from on-chain perpetual trading, with Log X offering a 100% share of the fees.
