Charlie Garcia
What is AZEx?
AZEx is a decentralized perpetual decentralized exchange (Perp DEX) that is closely connected with blockchain technologies. Using smart contracts, AZEx ensures decentralization, transparency, and automation, effectively linking traders with liquidity providers (LPs).
The funds on the platform are strategically directed to leading DeFi protocols within the Berachain ecosystem—such as decentralized exchanges (DEXs), lending services, perpetual contracts, and yield farming platforms. This strategy enhances the use of on-chain assets, while AZEx motivates participants with validator rewards and its proprietary token, AZT, aiming to boost user profits.
AZEx Airdrop Event Details
AZEx is hosting a Testnet event that allows early users to acquire allocations of the $AZT token, the platform’s native currency. This event runs from December 5th to December 19th, 2024, utilizing a raffle ticket system that enables participants to enhance their chances of winning by actively engaging with the platform.
The IDO Allocations reward those who take part in the testnet phase of the platform. To participate, users must possess $AZT test tokens in their wallets, which can be obtained by swapping with $HONEY on the Bartio exchange.
The amount of allocation is directly linked to user engagement—more active users receive greater opportunities for larger allocations.
How to Participate in the AZEx Testnet
- Follow AZEx on X (Twitter).
- Retweet the announcement post.
- Join the AZEx Discord community.
- Access the AZEx alpha testnet program.
How to obtain testnet tokens?
- Create a wallet compatible with BeraChain.
- Acquire $AZT test tokens by swapping $HONEY on Bartio.
- Access the AZEx alpha testnet platform.
- Connect your wallet to get started.
- Refer to their medium announcement for all campaign details.
Key Participation Activities
- Trading Requirements
- Achieve $1,000 in trading volume.
- Utilize any available trading pairs.
- Engage in both long and short trades.
- Providing Liquidity
- Offer liquidity to pools to earn $ALP tokens.
- Stake $AZT to earn $BGT and additional $AZT through “Yield”.
- Advanced Participation
- Act as a Fund Manager or investor.
- Utilize your personal referral code.
- Invite active traders to the platform.
- Share your experiences on X with @azex_io using #AZEx #AZExTestnet.
Improving Your IDO Allocation Chances
Optimizing Your Strategy
The testnet provides rewards based on combined participation—each task completed increases your chances for allocation. Here are some tips for building a strong position:
- Trading Strategy
- Trade with multiple pairs.
- Balance long and short positions.
- Make consistent trades rather than a single large trade.
- Managing Liquidity
- Explore various pools for the best yields.
- Experiment with earning $ALP and staking $AZT.
- Modify positions according to market trends.
- Building Community
- Engage in Discord discussions.
- Produce valuable content regarding your experiences.
- Assist new users in navigating the platform.
Common Questions
How are allocation distributions determined?
For each action completed, you receive raffle tickets that accumulate to enhance your chances of winning.
Is participation limited by location?
The platform is accessible worldwide, but it is advisable to verify your local crypto trading laws.
How long should I remain active?
The event occurs from December 5th to 19th, 2024. Ongoing activity during this timeframe can enhance your chances for allocation.
This strategic participation approach assists users in aiming for testnet allocations while helping in platform development. Each step enhances your visibility in the ecosystem and strengthens your position for token distribution.
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