BSX is a decentralized exchange (DEX) focused on crypto derivatives, utilizing a self-custodial approach. It’s developed on the Base L2 platform and supported by the Base Ecosystem Fund. BSX combines off-chain execution with on-chain settlement, ensuring both security and transparency commonly found in decentralized exchanges, while also providing the speed and ease of use typical of centralized platforms.
The design of BSX incorporates an orderbook model, collaborating with various market makers to ensure a broad and liquid selection of assets, quick trade execution, and significant throughput facilitated by an advanced technical infrastructure.
The initial two seasons of BSX’s points airdrop garnered impressive results, with trading volumes surpassing $4.3 billion. Additionally, they successfully secured $6.2 million in a seed funding round led by a prominent blockchain capital firm.
During the second season, BSX allocated 16 million points and is now excited to introduce season 3, offering an additional 10 million points, along with a weekly bonus and a biweekly competition for participants.
- Head over to the BSX official site.
- Click on “Launch App.”
- Connect your wallet and switch to the Base network.
- Proceed to deposit USDC and begin trading.
- BSX can be used in two different modes:
- BSX (with leverage options between 100x and 1000x).
- BSX1000 (providing opportunities to gain entries for Win or Spin draws).
- Navigate to the “Referral” section for your referral code. By inviting friends, you earn 10% of their points, and they receive a 10% bonus on their trading points.
- Points are awarded on a weekly schedule. You can check your earned points weekly under the “Points” section.
- You can earn up to 1,000,000 points every week.
- Points distribution is structured as follows: 75% for trading, 20% for liquidity contributions, and 5% for enhancing open interest.
- Also, traders who execute trades totaling $100,000 or more in a week are eligible for a +10% bonus during that period.
- A biweekly competition will also take place, with details shared on Discord.
- BSX participants can earn points from future events, including an NFT collection, mini-games on Telegram, and new product unveilings.
- For further details regarding the airdrop, refer to the official announcement.
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