Welcome back to Alphadrop. My name is Ron. I'm an analyst at Box Mining, and today we're going to be looking at Log X. They have tons of incentive programs, including trading competitions, their native Log X token airdrop, as well as airdrops from other projects as well. So in this video, we're going to be looking at three different platforms that you'll need to use if you want to get the Log X airdrop. Without further ado, let's dive in.
Now, in case you didn't know, Log X is one of the brokers on Orderly Network's ecosystem. Orderly Network is building this super infrastructure for DeFi trading, and as of right now, they have one of the largest trading volumes on chain ever recorded. This is because of the deep liquidity that Orderly Network has, as well as the high-speed transactions for a lot of these brokers, including Log X. So if you want to know more about Orderly Network, you should check out this video Michael did an interview with their co-founder and CEO, Ran. And I've talked about this before about the Orderly Network airdrop. It is a very high-value target.
Now, in terms of funding, Log X is backed by many big players, including Coinbase, SEOA Hash, Emergent. And right now, the TGE for their Log X token is still not out. You can still farm this right now by interacting campaign. So let's talk about the three platforms that you're going to want to use to get the airdrop.
So, in terms of mainnet, they have Log X Pro and Log X OG. These are two different platforms. The biggest distinction that you need to know as a user is that only these four chains support Log X Pro, whereas the rest of these Ethereum Layer 2s are available on Log X OG. And the reason why they separated Pro and OG is because in the beginning with OG, a lot of the liquidity was concentrated on Arbitrum. So this means that it's not efficient to trade per on another chain if you have assets on those chain. If you want to be trading on another chain that is not Arbitrum, but at the end of the day, Log X Pro is the same as the Log X OG aggregator in a way. That just like aggregator, you'll be able to trade on Orderly through Log X Pro and earn dual benefits of using Log X as well as Orderly Network.
Okay, so if you're a serious crypto trader and you're very interested in trading perpetuals on-chain, you can try Log X Pro. I'll leave my affiliate link down in the description below. If you use my link, you'll be able to get 10% trading fees rebate. You'll get the best discount because I'm a part of the Log X affiliate program. And the most interesting part about Log X Pro is that they will always have trading competitions. And as of right now, they have the Arbitrum Trading Rush, where if you win first place in trading volume, you'll be able to earn 100,000 in ARB tokens. Second place, we get 60,000 Log X tokens, and the top 50 traders will share a prize pool of 40,000 Log X. And even if you're not in the top 50, if you trade at least 14 days in a row, you'll win a share from the pool of 20,000 Log X tokens. And even more incentives here is that if you are the top trader of the day, that is, you will win 500 ARB tokens for that day.
Now, last but not least is the incentivized test net. So very recently, Log X launched their test net utilizing Arbitrum Orbit Stack Hyperlane and ALT Layer. So my eyes were drawn to Hyperlane and ALT Layer and plus because there's a lot of anticipation for Hyperlane, there is a good chance here that you could also qualify for the Hyperlane airdrop if you're interacting with Log X. So right now at the time of this recording, the test net is undergoing maintenance, but the farming steps are very straightforward. It's the same exact thing that you do on the mainnet. You just trade perpetuals, you open close position, and you can also play with their predictions market. So they do have a predictions market in the test net, but the main focus here is that whatever action you do will always come back to your Lumix. So this Groot-looking fella right here is essentially your progress for getting the test net airdrop.
The key takeaway here is this: if you are a serious crypto trader, if you're pretty good at trading crypto, you might as well do it on-chain. That way you're not just earning money in terms of your profits, but you're also getting airdrops from their competition, from their incentive programs, and you can also provide liquidity to get the airdrop. And plus, if you're not a good crypto trader, you can play around with the test net to get exposure to the Log X airdrop. So in terms of the timeline for Log X, they've actually had their airdrop program pretty long now. It started late last year in 2023, and the updates for the TGE and the airdrop launch are still yet to come. The team says, don't worry, there's still a lot of time for users right now to farm the airdrop by trading, providing liquidity, etc., etc.
Q: What is Log X and what incentive programs do they offer?
A: Log X is a platform with various incentive programs, including trading competitions, their native Log X token airdrop, and airdrops from other projects as well.
Q: How is Log X connected to Orderly Network?
A: Log X is one of the brokers on Orderly Network's ecosystem, which is renowned for its deep liquidity and high-speed transactions. Orderly Network also offers a valuable airdrop.
Q: Who are the key backers of Log X and how can one obtain the Log X airdrop?
A: Log X is backed by major players like Coinbase, SEOA Hash, and Emergent. To obtain the Log X airdrop, users can participate in campaigns and utilize specific platforms.
Q: What are the main platforms of Log X and how do they differ?
A: Log X has Log X Pro and Log X OG platforms, with Log X Pro supporting specific chains and Log X OG catering to Ethereum Layer 2s. The platforms offer trading capabilities and access to the Orderly Network.
Q: What trading competitions and incentives are available on Log X?
A: Log X Pro hosts trading competitions with attractive rewards, including tokens and trading fee rebates. Traders can win prizes by participating in the competitions.
Q: What is the Log X test net and how can one participate in the airdrop?
A: The Log X test net allows users to interact with the platform using various technologies. By engaging with the test net and fulfilling specific actions, users can qualify for a potential airdrop.
Q: What are the strategies and conclusion for participating in the Log X airdrop?
A: Traders are encouraged to engage with Log X on-chain to earn profits and participate in airdrops. Even those new to trading can benefit from the test net to qualify for the airdrop.
