NovaDEX($NVX) Token Airdrop Information
NovaDEX is a decentralized cryptocurrency exchange built on Solana. They recently launched their testnet and confirmed that they will be conducting a token airdrop to reward early users. The NovaDEX token airdrop guide is as follows:
What is NovaDEX?
NovaDEX is a decentralized exchange that allows users to trade any token on the Solana blockchain with low fees and high speeds. Additionally, users can create their own liquidity pools and provide liquidity within custom price ranges, improving efficiency and reducing slippage. NovaDEX is governed by NVX, a native token that allows users to participate in the decision-making of the protocol and benefit from its growth. Users can also exchange and add liquidity to NovaDEX pools to get the best rates and earn high returns. NovaDEX aims to become Solana’s central trading and liquidity hub, providing a simple and user-friendly interface to engage in DeFi activities. NovaDEX also has a unique AMM curve for stable pull, optimizing the curve to minimize slippage and provide the best speed.
What is NovaDEX ($NVX) token?
NovaDEX has a native token called $NVX. The team has not announced the usefulness of the $NVX token or what the token economics will be. However, NovaDEX has been running various campaigns and has promised to reward users with $NVX once the token is launched.
Is there a NovaDEX ($NVX) token airdrop?
NovaDEX has confirmed that it will be conducting a token airdrop. There are also several campaigns and tasks that users can perform to earn $NVX.
How to receive NovaDEX ($NVX) token airdrop?
necessary time: 1 hours
Here’s how to receive a potential NovaDEX ($NVX) token airdrop:
- Solana Wallet Settings
NovaDE is built on Solana, so you’ll need a Solana wallet like Phantom, OKX, or Trust Wallet. We recommend using the most popular Phantom wallet. To set up Phantom Wallet, download the Phantom Wallet Chrome extension here. Click the button in the top left corner, then click Settings. Go to developer settings, enable testnet mode and select Solana Devnet mode.
- Get testnet token
Connect your wallet to https://app.novadex.io/. Then click on “Faucets” in the left bar. Paste your wallet devnet address and click “devnet” to receive 1 testnet SOL token.
- Token Exchange on NovaDEX
Go to “Swap” in NovaDEX. Exchange approximately 15-20% of testnet SOL for Mock USDT and Mock USDC.
- Add liquidity
Go to “Pools” to add liquidity to the SOL-Mock USDT and SOL-Mock USDC pools. To do this, select a pool and click “New Position.” Click ‘Preview’ to check the details and then click ‘Confirm Deposit’.
- Get NovaDEX Tester NFT
Like and retweet this tweet and tag 3 friends. Then join the NovaDEX Discord channel. The tweet states that tokens need to be swapped and liquidity added. However, you should have already done that in steps 3 and 4 above. You will be able to receive NovaDEX NFTs when the NovaDEX testnet campaign ends at 6:00 PM (GMT +8) on November 30, 2023.
- bonus task
Go to NovaDEX’s Zealy board to get the job done. Some tasks overlap with those in the steps above, but others include liking and retweeting posts or writing articles about NovaDEX on Medium.
NovaDEX Airdrop Review
There are several factors to consider when reviewing airdrops. First, there is a possibility that the project will conduct an airdrop in the first place. We will then look at how many tokens the project will allocate to the airdrop campaign and the difficulty of participating in the airdrop. It is also important to look at the utility of the token to ensure that it has an actual use and purpose when participating in the airdrop in the first place. Lastly, a factor to consider when reviewing an airdrop is whether a lock-up period applies to the airdropped tokens.
Airdrop possibilities: NovaDEX airdrop has begun live.
Airdropped token allocation: Airdropped token allocation is unknown.
Airdrop Difficulty: NovaDEX airdrop operations are not that difficult to complete. Operations include exchanging, adding liquidity, and social operations.
Token Utility: Token utility unknown.
Token Lockup: Token lockup is unknown.
