Deposit funds and trade on TanX to be eligible for any potential rewards!
tanX.fi
Progress mission: 0 of 8
Rewards
Rewards
TBA
Past rewards
$1,400 $9,400
Details
Minimal cost
~$50
Minimum deposit
$500
Time required
15 min.
Category
Mainnet
Rating
6/10
Risk
Low
This project raised $16.5 million, with Pantera Capital leading the funding. Other big investors are also involved.
The tanX.fi team, known for Krypto, is hinting at a new "$SALT" token.
Since its mainnet launch in April 2023, its Total Value Locked (TVL) is still under 1 million as of December 2023. This means a chance for early adopters.
But, joining needs a financial investment. The main activities are about trading, more suitable for experienced users.
Rebranding
BrineFi was recently rebranded and is now known as tanX.
Pros & Cons
Why is it worth it?
Verified Token
Token existence is confirmed in both the app and documentation.
Major Funding
Successfully raised $16.5 million, notably from Tier-1 fund Pantera Capital.
Experienced Team
The team has a strong background in creating successful web3 projects.
New Opportunity
Launched in April 2023, offering a chance to be among the first users.
Limited Users
Only 3,000 unique users as of December 2023, suggesting a less crowded space for early adopters.
Risks to consider
Costs to Participate
Users need to spend money to engage with the DEX on the mainnet.
Trading Focus
Main activities are trading-centric, better suited for those with more experience.
Required Funds
To efficiently participate, you need to use at least $500 to generate sufficient volume.
How to participate?
Every opportunity has its own rules. Following these closely can significantly increase your chances of qualifying for rewards. Here’s a list of recommendations from our team to help maximise your chances of benefiting from this opportunity.
- Trading for Experienced Users: If you're more experienced in cryptocurrency, focus on making trades on this DEX (Decentralized Exchange). Aim for a trading volume of at least $10,000, as higher volumes are better.
- Hedged Positions: Experienced users can reach the $10,000 volume mark by opening hedged positions. This means making two opposite trades at the same time, one on BrineFi and another on a different exchange.
- Participate in Trading Competitions: If you're experienced, join regular trading competitions on the platform for additional engagement and potential rewards.
- Quest Campaigns and Social Activities for Beginners: Novice users can engage in various quest campaigns and social activities offered by the project.
- Active Social Media Participation: Stay active on the project’s social media channels. This helps in staying informed and connected with the community.
- Join Referral Programs: Participate in the project’s referral programs, which can offer additional benefits for bringing new users to the platform.