What is KiloEx (KILO)? Instructions for hunting airdrops for the top project MVB VI of Binance Labs
MVB is a program organized by Binance Labs to find potential projects on the BNB Chain. KiloEx is one of the outstanding projects that reached the top in MVB's 6th edition. So what is KiloEx? What is the project's tokenomics like?
What is KiloEx?
KiloEx is a decentralized perpetual contract exchange (perpetual DEX), built and developed on the BNB Chain ecosystem, providing users with a variety of features such as: derivative trading, earn, bridge , copy trading... with leverage up to 100x.
Different from most other exchanges, KiloEx operates according to the Peer-to-Pool model, with the participation of two main components, including: Traders and Liquidity Providers, of which:
- Trader: Those who participate in trading on the floor to make profits from trading activities.
- Liquidity Provider: Those who provide liquidity to the exchange and earn profits from transaction fees.
Users can access the KiloEx homepage at: https://www.kiloex.io
Highlights of KiloEx
KiloEx is a decentralized exchange participating in the 6th MVB program organized by Binance Labs and reached the top projects in 2023 with some of the following highlights:
- Friendly interface: KiloEx's goal is to focus on the user's trading experience, therefore, the platform interface is designed to be intuitive and user-friendly, allowing anyone to use it with ease. simple operations.
- Low transaction fees: Compared to many other DEXs on the market, KiloEx's transaction fee is quite low, only about 0.1% while Uniswap is 0.15%, or Pancakeswap is 0.2%... KiloEx charges low transaction fees. can attract new users, help them save costs and increase profits when using the platform.
- Fast order matching mechanism: Using the Peer-to-Pool model, the platform allows faster order matching speed, thereby ensuring users' trading strategies and activities.
- Diverse trading methods: Another highlight of KiloEx is providing users with flexible trading methods such as market, limit, conditional with many types of supported assets, including: crypto, foreign exchange (supported). in the future)... to meet the diverse needs of users.
Instructions for hunting KiloEx airdrop
According to the project's tokenomics, KiloEx will set aside 10% to airdrop tokens for early users of the platform, therefore, users can participate in the experience to increase their chances of receiving tokens in the future in the following ways :
Method 1: Participate in trading on KiloEx
- Step 1: Access KiloEx floor here.
- Step 2: Connect the wallet to the platform, KiloEx currently supports a variety of wallets for users such as Coin98 Super Wallet, MetaMask, OKX Wallet...
- Step 3: Perform derivative trading steps. Users should trade with a minimum total volume of 10,000 USD to increase their chances of receiving the airdrop.
Method 2: Provide liquidity
- Step 1: Access KiloEx's vault here.
- Step 2: Select Deposit and enter the amount of USDT you want to provide liquidity. After depositing USDT, users will receive kUSDT back at the rate of 1 USDT = 0.83 kUSDT. Users can withdraw USDT at any time.
During the process of experiencing the platform, users can send positive feedback or bad points about KiloEx according to the following steps:
- Step 1: Access the KiloEx Feedback Form here.
- Step 2: Fill in the information the user wants to contribute and select the Submit button.
Method 4: Join social networks
Users can interact and chat directly with the platform by joining KiloEx's Discord, or and participate in events organized by KiloEx at Galxe. Galxe currently has 3 events for KiloEx users to participate in, including: KiloEx Vault Role, KiloEx Trading Role Campaign, KiloEx Bug Contributor.
KiloEx has two types of tokens, including: utility token (KILO) and escrowed token (xKILO). xKILO is the platform's margin token, has lower liquidity than KILO and is non-transferable. Users can use xKILO to deposit into the platform's staking pool and earn rewards distributed in USDT.
KILO Token Key Metrics
- Token Name: KiloEx
- Ticker: KILO
- Blockchain: BNB Chain Token
- Standard: ERC-20 Contract: Updating…!
- Token type: Utility Total Supply: 1,000,0000,000 KILO
- Circulating Supply: Updating…!
KILO Token Allocation
KiloEx announces the KILO token allocation rate as follows:
- Ecosystem: 34%
- Team: 20%
- Airdrop: 10%
- Staking Reward: 10%
- Private Sale: 10%
- Strategic Investment: 10%
- Advisor: 5%
- Liquidity Provider: 1%
KiloEx announces the KILO token release schedule as follows:
According to the project, the development roadmap in the third quarter of 2024 is as follows:
- Q1 2024: Click-trading/Multi-asset Vault/TPSL system upgrade/Hedge Tool V1
- Q2 2024: Forex Trading/Fee Discount Coupon/KiloEx APP/KiloEx Genesis Pass
- Q3 2024: Hedge Tool V2/Decentralized Copy Trading/Multi-asset
Margin Team, Partners, Project
Investors Project team
KiloEx was developed by founder Zhebin (Joey) Ni, who graduated with a Bachelor of Science in Physics from Xiamen University, Hong Kong.
During the period from 2015 to 2018, Ni continuously received certificates in Finance and technology. By 2018, Ni worked at MSQ as Blockchain Manager, Research and Investment.
Then, from August 2018 to June 2019, Ni became Senior Sales Director at Blue Helix.
In April 2020, Ni moved to the position of Senior Business Development Director at OKX.
In February 2023, Ni built and developed KiloEx.
Investors
KiloEx is the exchange that won the MVB competition organized by Binance Labs and received an investment, with an undisclosed amount.
