A couple of days ago, there was an event on Binance Wallet: trade on standX to earn an extra 10% trading points.

Just as a fan asked in the chat room, I explained it to him in detail. I happened to organize this content and share it with everyone.

1. What kind of activity is this?

First, StandX is a decentralized perpetual contract exchange (Perp Dex), just like Hyperliquid and Aster.

Trading on Perp Dex means the money is in your own wallet, so you need to log in to Perp Dex with your wallet.

Recently, StandX is running a promotion where trading earns points, and the points can be proportionally exchanged for airdrops when the testnet goes live. So some users are trading on StandX for the airdrop.

This activity of the Binance wallet is saying: if you log into StandX to trade using other wallets, you can only earn points based on the normal trading volume; but if you log into StandX with the Binance non-custodial wallet, you can earn an additional 10% in points.

Second, can this activity be participated in?

So the question arises: is there any benefit to participate? How valuable is the airdrop? Can we participate?

In fact, this activity was popular once when everyone was grabbing the airdrop of $ASTER . At that time, points were given just for deposits, and I even specifically wrote an article about it. Let me first explain the previous situation.

Firstly, StandX was created by former Binance employees. The founders are Aaron Gong, the former head of Binance contracts, and Justin, the former director of Binance contracts, both of whom left Binance last year. It is estimated that this collaboration is due to the resources from Binance.

This is also why the second phase of the Aster airdrop activity was too competitive in the past two months, leading some big players to recommend StandX. At that time, you could earn points just for deposits, which was basically 'zero wear and tear'; the airdrop was purely profit.

But later, because the Aster activity was indeed too competitive, many did not receive significant benefits, so the enthusiasm for grabbing airdrops gradually declined. Of course, this is quite normal; after all, in places with many people, there are no significant benefits, and even Alpha is like this.

Moreover, because StandX has not issued any tokens, early participants have not received any airdrops, and there is only a point inquiry feature, so eventually everyone stopped participating. After all, this method of earning points through trading is already the third phase of the activity.

(This automatic translation is just amazing)

So StandX and Binance Wallet are collaborating on this activity, which is a perfect match: the participants from the first two phases have all finished, StandX needs to attract new users, and Binance Wallet has a large traffic entry; Binance Wallet also needs to expand its ecosystem and encourage users to develop the habit of using the Binance Wallet, and this kind of activity can engage users.

So back to the initial question: can this activity be participated in?

From the current perspective, it is still possible to participate, and it is more suitable for friends who are familiar with earning points through trading:

  1. Wear and tear is manageable. Now I see that most of the early participants have basically finished, and now is just the right time not to participate;

  1. The proportion of points earned from trading is not high, and deposits can still yield a lot of points, so the cost of earning points is very low.

But is it significant? I don't think so. This project has already missed the best timing for issuing tokens; if they issue tokens later, the price is likely to be low without enthusiasm, so the chance of significant benefits is relatively low. Especially since the Prep Dex has $HYPE looming over it, other projects find it hard to achieve high valuations.

Third, how to participate if you want to?

For friends who want to participate, if you are a beginner, please make sure to check these important points:

  1. This is a decentralized exchange that requires logging in with a wallet, so it is essential to find the correct official website and not to be misled into a fraudulent site. For those who don’t know how to find the official website, please recognize this URL:

    https://standx.com/referral?code=zhuge

  2. There are 2 methods to increase points at zero cost, which must be done: one is to enter the invitation code 'zhuge' for an additional 5%; the other is to use the Binance non-custodial wallet for an additional 10%.

  3. When opening contracts, be sure to use low leverage to avoid liquidation. Don't risk your principal for a few points from an airdrop.

Next, I will introduce three ways to earn points:

  1. First is trading to earn points; the higher the trading volume, the more points you earn. Plus, you can enjoy an additional 5% for entering an invitation code and 10% for using the Binance wallet. You can directly buy and sell on their Prep Dex.

  1. Secondly, holding DUSD can earn points. The more DUSD you hold, the more points you can earn daily, corresponding to 1.2 times the amount, and you can also enjoy an additional 5% for entering an invitation code.

  1. Finally, if you make 2 trades daily with a total trading volume exceeding 100u, you can earn 10 points. You can also enjoy an additional 5% for entering an invitation code. However, these points are a bit less compared to trading volume and holding DUSD.

If you find the above useful, please help by giving a thumbs up. #猪脚饭 #撸空投