KTX announces the launch of the “Arbitrum Atlas” airdrop program for 500,000 KTC tokens

Following KTX.Finance’s airdrops on Mantle Network and BNB Chain, Arbitrum also welcomed KTX’s exclusive airdrop plan, Arbitrum Atlas. It is reported that KTX.Finance is a decentralized spot and perpetual exchange that uses a single multi-asset pool to achieve leveraged trading. Traders can enjoy low swap fees, up to 50x leverage, and no counterparty risk. Essentially, traders trade with the KTX.Finance native liquidity pool or KLP pool. The current token KTC price is 1.03 USDT, with a market value of 7.81 million US dollars.

The following is an introduction to the Arbitrum Atlas event officially announced by KTX, compiled by Odaily Planet Daily.

We announced the launch of the "Arbitrum Atlas" airdrop plan, which mainly airdrops a total of 500,000 KTC tokens to Arbitrum users and related ecological projects.

Since entering Arbitrum in 2024, KTX has achieved a series of milestones, including total trading volume exceeding US$6.5 billion, total TVL reaching US$10 million, total fee income of approximately US$5.5 million, we have become the highest-earning project on Mantle, and are always in the top 5 PerpDex in terms of 24-hour revenue on all EVM chains.

KTX has also recently partnered with BounceBit and successfully entered the Bitcoin ecosystem, pioneering on-chain perpetual transactions for Bitcoin native users. With our efforts to continuously provide more value to users, we aim to become the cross-chain PerpDex of choice for emerging ecosystems.

Why launch the KTX Arbitrum Atlas airdrop program?

We do airdrops every time we expand to a new chain. For example, Mantle Network and BNB Chain in the early days. As KTX has been operating on Arbitrum for nearly half a year, we have been looking for the best time to express our gratitude to users.

After Eigenlayer launched the much-anticipated EIGEN points mining event, the former airdrop plan was not favored by the majority of users. The team decided to provide a more transparent and fair airdrop for users who played a role in the development of the KTX project.

Our priorities include the token KTC, a transparent mining schedule, and a reasonable airdrop distribution. As for the mechanism behind Atlas, it is as follows:

Arbitrum Atlas will launch a points system - Atlas Rings, and allow users to participate in the KTC token airdrop plan within 2 weeks.

Users can accumulate Atlas Rings in four ways:

1. All users using KTX Protocol on the Arbitrum mainnet before April 21, 2024;

2. All Vaultka Leveraged KLP (Tequila Vault) participants as of April 21, 2024;

3. All eligible PYTH Stakers as of April 22, 2024;

4. Users who participated in KTX between 00:00 on May 7, 2024 and 23:59 on May 21, 2024 (UTC+8).

Snapshots have been taken for the first three items. Arbitrum Atlas activities will focus primarily on the fourth item, with the specific criteria described below.

How to participate in Arbitrum Atlas

When the Arbitrum Atlas campaign officially begins on May 7, 2024, users will be able to view in real-time the number of Atlas Rings they have accumulated, as well as 4 key statistics:

• Trading volume;

• Profit and loss;

• The amount of KTC tokens pledged;

• The amount of KLP tokens pledged.

These criteria will be the key indicators of the final KTC token allocation per user.

If the user has interacted with KTX, Vaultka, and Pyth before, they can see the corresponding Atlas Rings statistics on the KTX.Finance rewards page.

• Eligible Vaultka users include: those who have deposited KLP Leverage vault in Vaultka, or voters who support the issuance of esVKA tokens in vault within the latest epoch.

• Eligible Pyth users: Pledge more than 5,000 PYTH tokens.