Learn more about the $LOGX airdrop and how much users were able to gain!
LogX
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Rewards
Reward Results
0 0
Details
Minimal cost
~$100
Time required
60 min.
Category
Mainnet
Rating
5/10
Risk
Medium
LogX conducted airdrop to reward its early users and DeFi power users overall. Eligible participants could claim their $LOGX tokens on the Arbitrum.
Airdrop Overview
LogX allocated 12% of the total 1 billion $LOGX supply (120 million $LOGX) for its initial airdrop (Season 1).
Eligibility & Qualifying Actions
- Testnet Participants: Users who engaged with LogX’s testnet and V1 trading competitions received a majority of the allocation. Users earned Log Points based on their activity, which translated into their $LOGX rewards.
- DeFi Power Users: Selected users from major DeFi protocols like Uniswap, Aave, and GMX received surprise allocations as recognition for their contribution to the DeFi space.
- Liquidity Providers: Testnet liquidity providers shared a reward pool of allocations proportional to contributed liquidity.
The airdrop was performance-based. Meaning that users who actively traded, provided liquidity, or participated in community programs, received a proportional amount of tokens.
Alongside initial airdrop, LogX launched the** Fair Play Rewards Program** post-TGE to incentivize trading activity.
Token Distribution Average
Team Linity conducted this analysis on the first 5,000 addresses that claimed the token.
The bottom 10% of airdrop recipients (who claimed the fewest tokens), received an average of approximately:
- 5 $LOGX tokens worth $0.3
The top 10% of users (who claimed the highest number of tokens), received an average of approximately:
- 17,770 $LOGX tokens worth $960
The dollar values are based on the $LOGX token price of $0.054 when CoinGecko began tracking it.
Pros
Earning Options
You can make money by trading or providing funds to the platform, offering rewards later.
Funding & Investors
Flint Labs, which owns LogX, got investment from big names like Sequoia Capital and Coinbase Ventures.
Airdrop Confirmed
LogX has started giving away free tokens since August 2023, with various tasks to qualify.
Low Competition
Only 2,900 people have used LogX, so there's less competition for the airdrop.
Cons
Expensive Trading
To earn rewards, you must trade a lot, which could cost them.
Trading Risks
Trading, especially with perpetual products, comes with the risk of losing money.
How to participate?
- Trade and Provide Liquidity: To be eligible for the LogX airdrop, participate in trading and providing liquidity on Linea and Mantle.
- Trading Points: Earn points by trading. Currently, $100 traded on Arbitrum gets 0-1 points, while the same on Linea and Mantle earns 3-4 points. Accumulate these points.
- Liquidity Gems: As a liquidity provider, you earn Liquidity Gems. $1 provided on any platform earns 0-1 points. After $10,000, each $1 equals 1.2 gems. Gather these gems.
- Extra Campaigns: Complete additional campaigns to earn points multipliers towards the future airdrop.