DYDX exchange issued its own token: maximum airdrop exceeded $100K
The dYdX decentralized derivatives exchange, which operates at the 2nd level of the Ethereum network, has surprised its supporters with retroactive rewards for its newly created token.
According to CoinGecko, on the first day on the market, the DYDX token, at the time of writing, was traded at $13.45. On the same day, but a little earlier, the token reached its first high of $14.24.
The number of tokens received by each user of the exchange was determined by their previous active trading on the platform. The lowest tier user earned 310 tokens for trading on the exchange for at least $1 million, and the highest tier user earned 9,529 tokens for a trading volume exceeding $1 million.
At a daily high of $14.24, the airdrop was worth between $4,414 and $135,692, with the average user trading between $1,000 and $10,000 on the platform and receiving 1,163 DYDX worth $16,561.
According to dYdX data, at the close of the first mining era, there were 32,700 DYDX holders, and the monthly trading volume on the platform was $13.8 billion, and the market maker’s capital was $141 million.