All You Need to Know about Gridex Airdrop #2: 2 Million GDX for D5 Exchange Maker Orders on Arbitrum
Place/Date: - February 28th, 2023 at 3:54 pm UTC · 3 min read
Source: Gridex
Gridex Airdrop #1 of 4 million GDX was finished in less than 1 day and 10,000 addresses have participated. 10 days later, Gridex officially announced the second airdrop of 2 million GDX will launch soon on the 1st of March. Are you ready?
Gridex Airdrop #2 keynotes:
- 2,000,000 GDX in total
- Open to EVERYONE
- Last for 10 days
Starting from the Arbitrum ecosystem, with Gridex as an advanced underlying trading protocol, D5 Exchange is going to be the first order book Dex&aggregator on Ethereum. CertiK’s audit has been completed and ABDK’s audit will be completed soon. Interact with ease!
About Gridex
Gridex Protocol is a permissionless, non-custodial trading protocol built using an immutable set of smart contracts on Ethereum. Through their novel “maker orders”, Gridex has achieved order book gas costs as low as AMMs with zero-slippage and negative fees.
About D5 Exchange
D5.xyz is the first aggregator combining the power of order books and AMMs. With the revolutionary trading experience built on Gridex as well as liquidity aggregated from leading AMMs Uniswap and Curve, D5 is about to change the world of decentralized exchanges.
How to participate:
Date&Time: 1st of March 00:00:00 UTC – 10th of March 23:59:59 UTC
Requirements:
Important!! You need to meet ALL requirements for the airdrop!!
- Orders have to be made in D5 Exchange and on Arbitrum One (Entrance)
- ETH/USDC trading pair only (ETH buy order or ETH sell order)
- 0.05% Grid only
- Fully filled orders only
Only 4 steps to follow:
- Make sure you have ETH and/or USDC in your wallet on Arbitrum One
- By Ethereum – Arbitrum One cross-chain bridge
- By transferring from centralized exchanges which supports Arbitrum: Binance, Bitget, Bybit, Crypto.com, Houbi, Kucoin, MEXC, OKX.
- By purchasing from: Banxa, CryptoRefills, FluidFi, Mt. Pelerin, Ramp, Simplex, Transak, Wirex.
- Visit this link
- Connect your wallet and switch to Arbitrum One
- Make orders of selling and/or buying ETH with ETH/USDC trading pair
- How to use D5 to make orders: A step-to-step guidance of D5 Exchange
- Claim your filled asset and trading fee after the order has been fully executed and check your airdrop reward on the Gridex Airdrop page the next day.
The specific calculation of airdrop rewards:
You can use the listed examples for a better understanding.
Rewards of a maker order = [M*C / ∑(M*C)] * T * 50%
The order amount is denoted by M;
The order coefficient is denoted by C;
The total daily maker rewards are denoted by T.
C is calculated in the following way:
When N ≤ 10, C = N3
When 10 < N ≤ 60, C = 1000 + (N – 10)2
When N > 60, C = 3500 + (N – 60)
If the maker order is not fully filled, or if it is canceled, within that day, C = 0.
*The reward for a given maker order depends on its share of the total M*C of all the maker orders in the same token, belonging to this trading pair on that day.
*The rewards are calculated separately for each of the two tokens in the ETH/USDC (0.05% grid) pair and the rewards are split equally between them.
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