$LOGX Airdrop Update 2: Road to TGE

Important Update: 2,000,000 $LOGX tokens will be dropped every week from now

gm Loggers,

As promised, we're back with an update on the $LOGX airdrop program. First and foremost, we'd like to thank the Logger's community for their continued support. We just reached $5 billion in total trading volume and have welcomed over 114,000 users since our launch.

We are relentlessly pursuing our mission to provide an unparalleled on-chain perpetuals experience that outshines traditional centralized exchanges (CEX). Exciting times ahead as we roll out two major product updates this week:

1. LogX Pro - Our Lightning-Fast Orderbook DEX for Pro Traders (Already live on ARB & OP)

2. LogX OG - Lowest cost “Discrete Asset, Market Neutral” (DAMN) AMM based trading on upcoming EVM ecosystems (Significant fees cut planned this week)

With all these product upgrades, we are now very close to TGE. The total lifetime supply of $LOGX tokens will be 1,000,000,000 tokens. The team is finalizing the token launch details, and we'll share the updates with you shortly. Stay tuned!

TL;DR of Airdrop Program till now

1. Users will stop earning LogX points and gems from now.

2. Based on the activity defined in blog 1, users will be dropped bonus points and gems as a part of Loyalty drop. Loyalty drop will happen before March 20th, 05:00 UTC.

3. A snapshot of your final points and gems on March 20th, 05:00 UTC.

4. Your points and gems will be converted into $LOGX right before TGE.

5. Early users will be rewarded well for their contributions.

6. 12% of total supply allocated to airdrop before TGE: 120,000,000 $LOGX tokens

7. 12% supply includes points, gems and the final token drop program mentioned below.

Final Token drops before TGE

As we are inching closer to TGE, we are super excited to unveil our largest reward program till date.

Starting 6th March 05:30 PM UTC, users will be eligible for $LOGX drops every friday till TGE. $LOGX will be visible on the Rewards page and converted 1:1 at TGE

Drops per week : 3,000,000 $LOGX tokens

Tokens will be dropped based on the below criteria:

Note: Good trading behaviours like positive PnL, high OI, longer trading positions etc. will be incentivised slightly more than others. LogX team reserves the right to revoke tokens of bad actors who game the system and change the rewards as per their discretion.

Additional Rewards users can earn:

1. Earn chain airdrops for using LogX OG in the form of Double Mode points, Linea XP, Mantle Journey miles, Blast points and Kroma tokens.

2. Stand a chance to win a hypothetical something from Orderly Network by using LogX Pro!

3. Win Cash rewards and Royalty NFTs by participating in various campaigns.

Once again, your support fuels our mission to elevate on-chain trading beyond the limitations of centralised exchange.

Thank you! 🤍

Some Frequently Asked Questions

Where can I see my points and gems? Your Points and gems can be seen from the site below. Scroll to the bottom and you will see your points and gems https://pro.logx.trade/rewards

What happens to my points and gems?

Your Points and Gems are still valuable and will be converted to $LOGX. A final snapshot of points and gems will be taken on 20th March and details for conversion to $LOGX will be shared post that. You won’t be earning points anymore though.

Do I have to redeposit liquidity to get $LOGX? No, you don't have to redeposit liquidity. Existing liquidity will also earn $LOGX tokens. We will check the total liquidity provided by a user throughout the week.

What snapshot has been considered for the first $LOGX drop? We have considered snapshot from March 6th, 05:30 PM UTC to March 8th 09:00 AM UTC

When does the week reset for $LOGX drop?

The week resets 09:00 AM UTC Friday

When will $LOGX drop happen?

Every Friday 09:AM UTC

How long does the $LOGX Program last?

The $LOGX program will go on till the TGE

What happens on 20th March?

Based on the Snapshot taken on 5th March, users will be dropped bonus Loyalty points and gems as a token of appreciation from LogX for sticking with us throughout this journey

Where can I find more details on the $LOGX Program?

You can find all the details here : https://bit.ly/LOGXdrop