Posted: February 5, 2024 5:24 AM Updated: February 5, 2024 5:24 AM
Correction and fact check date: February 5, 2024, 5:24 AM
briefly
OX.FUN plans to distribute OX tokens through airdrop to all users who registered, deposited, or participated in trading activities in January.
Perpetual contract trading platform OX.FUN (OX) plans to distribute OX tokens via airdrop to all users who have completed registration, made deposits, and participated in trading activities in January 2024. According to platform co-founder Su Zhu, the initiative aims to provide rewards and incentives. Active users of the OX platform.
Users who register with OX.FUN in January will receive 1,000 OX tokens. Additionally, users who participate in OX staking (deposits) can receive an additional 1,000 OX, and users who execute perpetual contract transactions can receive an additional 1,000 OX.
Airdrop rewards will be distributed within the next 7 days, providing users with incentives to participate in various activities on the OX platform.
In a post on social media platform
OX.FUN operates as a cryptocurrency derivatives trading platform, providing users with a gamified trading experience with abundant liquidity and competitive exchange token economics. Gamification features include leaderboards, trading competitions, copy trading vaults, and daily trading missions. Users can earn up to 200% OX profits by completing these missions, strengthening their participation and providing additional incentives on the platform.
Launched last month, the platform recently concluded its first OX token destruction event, removing a total of 2.2 million OX tokens.
Connection between OX.FUN and OPNX
OX.FUN is an iteration of Open Exchange (OPNX), a cryptocurrency derivatives and claims trading platform associated with Su Zhu, co-founder of bankrupt cryptocurrency lender Three Arrows Capital (3AC). Currently, Su Zhu has been arrested.
Recently, OPNX announced that it has decided to cease operations and the platform will be deactivated by the end of February. Founded in 2023, the exchange primarily facilitated trading after the collapse of 3AC, which faced severe difficulties following its collapse in 2022 due to a series of unfavorable investments. This situation has led to a larger recession and numerous failures within the cryptocurrency sector.
OX.FUN continues its active development and engagement with users through token airdrops, reinforcing its commitment to incentives and user rewards despite recent turmoil surrounding the Open Exchange and its founders.
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Alisa is a reporter for Metaverse Post. She focuses on everything related to investing, AI, metaverse, and Web3. Alisa holds a degree in Art Business and her expertise lies in the fields of art and technology. She developed a passion for journalism through her work with VCs, notable cryptocurrency projects, and science writing. You can contact us at (email protected).
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alice davidson
Alisa is a reporter for Metaverse Post. She focuses on everything related to investing, AI, metaverse, and Web3. Alisa holds a degree in Art Business and her expertise lies in the fields of art and technology. She developed a passion for journalism through her work with VCs, notable cryptocurrency projects, and science writing. You can contact us at (email protected).
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