Charlie Garcia
What is Synquote?
Synquote is a decentralized platform for trading derivatives that provides users with direct access to institutional-quality liquidity, specifically for perpetual futures and European-style options involving major cryptocurrencies such as Bitcoin and Ethereum. It connects traders directly with leading crypto institutions, aiming to alleviate common challenges related to liquidity and pricing within decentralized derivatives trading.
A key feature of Synquote is its strong infrastructure, which facilitates smooth trading on various networks, including Arbitrum, Base, Optimism, Polygon, and the Ethereum mainnet. This multi-chain capability ensures that traders can access the platform’s functionalities across different networks while enjoying the security and transparency benefits of decentralized trading.
Synquote airdrop Details
Synquote has introduced an exciting opportunity for early users through its Genesis Pioneers Points program. Although there is no confirmed token airdrop yet, the platform has announced an event for distributing points set for December 27th, 2023, at 17:00 UTC. This points system may hint at future token distribution, making it vital for interested participants to engage early in Synquote’s ecosystem.
The points earning system consists of two parts: users can earn points by actively trading on the platform as well as taking part in the referral program. The referral program features an attractive 10% bonus structure; referrers receive 10% of the points earned by those they invite, while referred users also gain a 10% increase in their own points.
How to Join the Synquote Points Program
- Access the Synquote Platform
- Head to the official Synquote webpage
- Click on the “Login” option at the top right corner
- Select either email login or wallet connection
- Create Your Synquote Keys
- Once your wallet is connected, navigate to the Perps section
- Hit “Generate Synquote Keys”
- Authorize the transaction using your wallet
- Fund Your Account
- Transfer USDC or USDT from any supported network
- Supported networks include Arbitrum, Base, Optimism, Polygon, and the Ethereum mainnet
- If you need to acquire USDC or USDT, you can buy them on Binance
- Begin Trading
- Start trading perpetual contracts or options
- Work on building a considerable trading volume prior to the December 27th deadline
- Track your points accumulation through the platform
- Enhance Your Earnings with Referrals
- Go to the “Rewards” section
- Obtain your unique referral link
- Share this link with other traders to rack up more points
Tips for Optimizing Your Points
- Engage in frequent trading to steadily accumulate points
- Prioritize higher volume trades to boost your points earnings
- Leverage multiple supported networks to diversify your trading activities
- Actively promote your referral link to make the most of the 10% bonus structure
- Keep abreast of Synquote’s updates by following their X (Twitter) account
Important Considerations
It is essential to understand the risks and opportunities linked to derivatives trading to participate successfully:
- Start with smaller trades to get accustomed to the platform
- Be aware of trading fees and how they might affect your strategy
- Keep an eye on the points distribution deadline
- Note that while points distribution is definite, the details of a token airdrop remain uncertain
Frequently Asked Questions
When is the Points Distribution?
The distribution of Genesis Pioneers Points will occur on December 27th, 2023, at 17:00 UTC.
Which Networks Are Supported by Synquote?
Synquote supports trading on Arbitrum, Base, Optimism, Polygon, and Ethereum mainnet.
How Does the Referral System Operate?
Referrers can earn 10% of their invitees’ points, and referred users receive a 10% enhancement on their points earnings.
What Can I Trade on Synquote?
Users have the ability to trade perpetual futures and European-style options on major cryptocurrencies, including Bitcoin and Ethereum. Perpetual futures are also available for Solana, Dogecoin, and Ripple.
Conclusion
Synquote presents a unique chance to engage in a potentially rewarding points program through its decentralized derivatives trading platform. By actively trading and strategically referring others before the December 27th distribution, users can significantly enhance their chances of participating in any future token distribution.
Be sure to follow Synquote’s social media for the latest news and updates regarding the points program and potential future initiatives.
Are you looking for more projects without any tokens yet that could potentially offer a governance token airdrop to early users in the future? Explore our list of potential retroactive airdrops so you don’t miss out on the next DeFi airdrop!
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Overview
- Website: https://www.synquote.com/
- Documentation: Visit now
- Twitter:
- Discord Chat: