RabbitX to Reward Early Loyal Users and Improve Liquidity of its Platform

On March 31st, RabbitX, a decentralized and sustainable contract trading platform, announced that it would provide incentives to early loyal users and improve the liquidity of the trading platform by distributing Tokens to active traders. The snapshot will end on April 9, 2023. Air drop distribution will take place in the second quarter. In addition, this air drop is only applicable to early primary network users, and there is no air drop on the test network.

RabbitX will issue airdrop incentives to early users, and the snapshot will end on April 9th

RabbitX, a decentralized and sustainable contract trading platform, has announced on March 31st, 2023, that it will provide incentives to early loyal users and boost the liquidity of the trading platform by distributing tokens to active traders. This article will discuss the snapshot period and air drop distribution timeline, as well as the conditions under which users can participate.

Snapshot Period and Air Drop Timeline

The snapshot period for this loyalty program will end on April 9, 2023. During this period, RabbitX will record the number of tokens held by each user on the primary network of the platform. The air drop distribution of the incentives will take place in the second quarter of the same year.

Participant Eligibility

To be eligible for this air drop program, users must be early adopters and hold tokens on the primary network. This is not applicable to users on the test network. RabbitX aims to increase user engagement and activity on the platform, while enhancing overall liquidity.

Why Incentivizing Early Loyal Users is Important

Incentivizing early loyal users is crucial in establishing an engaged and active community on the platform. This creates a virtuous cycle where liquidity increases as more users participate, and the platform can attract more institutional investors to drive further growth.
With RabbitX, the impact of incentives is even more significant as the platform operates on a sustainable business model. This means that the platform does not rely on transaction fees alone, and instead rewards users for their participation and engagement on the platform.

How the Air Drop Works

The air drop incentivizes active traders on the platform by distributing tokens to hold inversely proportional to trading volume. This ensures that users who are trading frequently are rewarded more than those who are not actively engaging with the platform. The tokens distributed can be used for future trading or staked to earn even more rewards.

Conclusion

RabbitX’s loyalty program is another step towards building a sustainable and community-driven contract trading platform. By rewarding early loyal users and incentivizing engagement, the platform aims to boost its overall liquidity while providing users with valuable incentives. The air drop program shows the platform’s commitment to its community and aims to build a loyal user base that can grow with it.

FAQs:

1. What is RabbitX?
RabbitX is a decentralized contract trading platform.
2. What is the incentive being offered by RabbitX?
RabbitX is incentivizing early loyal users by distributing tokens to active traders on its primary network.
3. Why is it important to incentivize early loyal users on a trading platform?
Incentivizing early loyal users creates an engaged and active community, which increases liquidity and attracts more investors. It also helps to establish a sustainable business model that is not solely reliant on transaction fees.