Hey JessTraders
We all love some free money don’t we? And as the bull run is in full swing, jumping in Airdrops ain’t are half bad idea.
99% of airdrops are pretty much pure shite but for every 99% of shite you get a UNI that nets you like $9000 if you just HODL’d your airdrop until now.
DEX or faux DEX airdrops have been a pretty solid chance to earn some decent change which is why I jumped at the chance to qualify for IDEX’s latest airdrop which ends 01 March 2020.
The ETH gas ⛽️ fees are becoming ridiculous and not only pricing small traders out of the market but making it impossible for some dApps businesses models to make any sense. Exchanges are no different and with UNIswap taking up the bulk of trades and liquidity for other exchanges to remain relevant they need to find innovative ways to attract capital and trades.
IDEX has been one of the exchanges having to deal with this issue and have no relaunched a side chain of the exchange using BSC Binance smart chain.
To encourage uptake of users they are minting 100 000 BIDEX or Binance token IDEX and handing it out to those who make trades on the new chain.
I’ve made 1 trade so I qualify for the airdrop and now we sit and wait to see what the allocation will be worth.
Binance Smart Chain has been killing it Kak they interns of price and with it’s cheaper fees and very similar offering to ETH along with the backing of Binance and its liquidity providing capacities has seen the chain attract more dapps, especially in the DEC space.
Longer-term IDEX will be partnering with RenVM to bring IDEX to BSC, Polkadot, and any other future L1s that we expand to.
This trustless bridge allows us to deploy our layer 2 network with the same level of security as is available on the native ETH chain.
So it looks like they’ll be making more moves to attract traders.
IDEX token trades on ETH as an ERC-20 at the moment and retails for around $0.08 so it might not be a big allocation like UNI but a few pennies on a chain you can actually move and trade on seems worth it to me.
I’m in no way shape or form punting this exchange I just thought I’d share it if you keen on picking some airdrop tokens.
To find out more check out the announcement here
What do you good people of HIVE think?
So have at it my Jessies! If you don't have something to comment, comment "I am a Jessie."
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