KTX announced the launch of the "Arbitrum Atlas" Airdrop of 500,000 KTC Tokens

Following the KTX. After Finance released Airdrops on Mantle Network and BNB Chain, Arbitrum also welcomed KTX's exclusive Airdrop Program, Arbitrum Atlas. It is reported that KTX.Finance is a Decentralization Spot and perpetual exchange that utilizes a single pool of long assets to achieve Margin Trading. Traders can enjoy low swap fees, up to 50x leverage, and no counterparty risk. Essentially traders are working with KTX. Finance native liquidity pool or KLP pool. The current Token KTC price is 1.03 USDT and the market capitalization is $7.81 million.

The following is an introduction to the Arbitrum Atlas event officially announced by KTX, compiled by Odaily.

We announced the launch of the "Arbitrum Atlas" Airdrop Program, which mainly airdrops a total of 500,000 KTC Tokens to Arbitrum users and related ecological projects.

KTX has reached a series of milestones since its foray into Arbitrum in 2024, with a total volume of over $6.5 billion, a total TVL of $10 million, and a total fee income of approximately $5.5 million, making us the highest-grossing project on Mantle and consistently the top 5 PerpDex for 24-hour revenue across all EVM on-chains.

KTX also recently partnered with BounceBit and successfully entered the Bitcoin ecosystem, creating a precedent for on-chain perpetual transactions for native Bitcoin users. With our continuous efforts to provide more long value to users, we aim to become the cross-chain PerpDex of choice for emerging ecosystems.

Why start the KTX Arbitrum Atlas Airdrop Program?

We do Airdrops every time we expand to a new chain. For example, the early Mantle Network and BNB Chain. With KTX operating in Arbitrum for almost half a year, we're always looking for the best time to say thank you to our users.

After Eigenlayer released the highly anticipated EIGEN points mining event, the former's Airdrop plan was not favored by the majority of users. The team decided to provide more transparent and unbiased airdrops for users who play a role in the development of the KTX project.

Our priorities include Token KTC, transparent Mining schedule, and reasonable Airdrop distribution. As for the mechanics behind Atlas, it looks like this:

Arbitrum Atlas will open a point system - Atlas Rings and within 2 weeks, allow users to participate in the Airdrop program of KTC Tokens.

There are four ways for users to accumulate Atlas Rings:

1. All users using KTX Protocol on the Arbitrum Mainnet before April 21, 2024;
2. All Vaultka Leveraged KLP (Tequila Vault) participants, as of April 21, 2024;
3. All eligible PYTH Stakers, as of April 22, 2024;
4. Users who participate in KTX from 00:00 on May 7 to 23:59 on May 21, 2024 (UTC+8).

Snapshot of the first three items. The Arbitrum Atlas activities will focus primarily on the fourth, with specific criteria as described below.

How to Participate in Arbitrum Atlas

When the Arbitrum Atlas campaign officially starts on May 7, 2024, users will be able to see the number of Atlas Rings they've accumulated in real-time, along with 4 key stats:

*Trading volume; *Profit;

• Stake KTC Token Amount;
• Stake the amount of KLP Tokens.

These criteria will be key indicators of each user's final KTC Token allocation.

If you have previously interacted with KTX, Vaultka, and Pyth, you can use KTX. Finance's Rewards page sees the corresponding Atlas Rings statistic.

• Eligible Vaultka users: KLP Leverage vault deposited into Vaultka, or voters who support esVKA Token issuance in vault within the latest epoch.
• Eligible PYTH users: Stake more than 5,000 PYTH Token.