What is Project X?
Project X is a decentralized exchange (DEX) built on Hyperliquid’s HyperEVM ecosystem, designed to serve as an automated market maker (AMM) with ambitious cross-chain expansion plans. The project positions itself as a community-driven platform that prioritizes user experience and efficient point-based reward systems. What sets Project X apart is its commitment to avoiding traditional venture capital funding, instead relying on community support and self-funding to maintain true decentralization. Created by pseudonymous developers
@Lamboland_ and
@BOBBYBIGYIELD, Project X emphasizes transparency and community engagement. The platform has undergone
security audits by PeckShield and 0xQuit, and integrates Privy wallet for enhanced user accessibility. The project’s roadmap includes 3 phases, with Phase 1 currently active and Phase 2 planned to expand into full EVM aggregation capabilities.
Project X Airdrop Details
Project X operates a speculative airdrop through its point-based reward system, where users can earn points by participating in various platform activities. The airdrop follows a daily distribution model, allocating one million points every 24 hours to active participants. Points can be earned through multiple activities including trading, providing liquidity, and referring new users to the platform. The reward structure includes several incentive mechanisms to encourage participation. Users can receive a 10% point boost by using the referral code “
teamairdrops” when signing up. Additionally, successful referrals earn users 10% of their referred friends’ points, creating a compound earning opportunity. The platform also features a special multiplier for the top 100 daily point earners during the first month, providing extra rewards for the most active participants. While no official token launch date has been announced, the point system suggests preparation for a future airdrop distribution based on accumulated points.
Step-by-Step Guide: How to Participate in Project X Airdrop
- Acquire USDC: Purchase USDC from Binance, as you’ll need this to obtain HYPE tokens required for Project X participation.
- Transfer to Arbitrum: Withdraw your USDC from Binance to your wallet via the Arbitrum network to minimize transaction fees.
- Deposit to Hyperliquid: Transfer your USDC to Hyperliquid by depositing it into your Hyperliquid account.
- Buy HYPE Tokens: Use your USDC deposit to purchase HYPE tokens from Hyperliquid‘s spot market.
- Transfer HYPE to EVM: Move your HYPE tokens from Hyperliquid to the HyperEVM network to interact with Project X.
- Connect Your Wallet: Visit Project X’s app and connect your wallet using the integrated Privy wallet system.
- Use Referral Code: Enter the referral code “teamairdrops” to receive a 10% boost on all your earned points.
- Start Earning Points: Begin participating in platform activities to earn points through trading and liquidity provision.
Maximizing Your Point Earnings
- Trading Strategy: Execute regular swaps on the platform to earn trading points. Focus on consistent activity rather than large single transactions, as the system rewards ongoing participation.
- Liquidity Provision: Add liquidity to various trading pairs to earn continuous points. Liquidity providers typically receive higher point allocations due to their contribution to platform functionality.
- Referral Program: Share your unique referral link with friends and community members. You’ll earn 10% of all points generated by your successful referrals, creating a passive income stream.
- Daily Engagement: Check your point progress regularly and maintain consistent platform activity. The daily distribution of one million points rewards active participants.
- Top Performer Bonus: Aim to be among the top 100 daily point earners during the first month to benefit from the additional point multiplier.
Understanding the Point System
Project X distributes exactly one million points every 24 hours across all active participants. The distribution algorithm considers various factors including trading volume, liquidity provision, and consistent platform engagement. Points accumulate in your account and can be tracked through the platform’s dashboard. The referral system operates on a percentage basis, where successful referrals generate 10% of their total points for the referring user. This creates a network effect that benefits early adopters and active community builders. The platform also implements anti-abuse measures to prevent manipulation through self-referrals or wash trading.
Frequently Asked Questions
What is the minimum amount needed to participate?
There’s no official minimum amount required, but you’ll need sufficient HYPE tokens to cover transaction fees and meaningful trading or liquidity provision activities.
How often are points distributed?
Points are distributed continuously based on activity, with the total pool of one million points allocated every 24 hours across all participants.
Can I participate from any region?
Project X appears to be globally accessible, but users should verify local regulations regarding DeFi participation in their jurisdiction.
When will the airdrop tokens be distributed?
No official timeline has been announced for token distribution. The point system suggests preparation for a future airdrop, but participants should monitor official announcements for updates.
What happens if I stop participating?
Point accumulation stops when activity ceases, but previously earned points remain in your account. The competitive daily distribution favors consistent participants.
Conclusion
Project X represents an interesting opportunity in the HyperEVM ecosystem, combining DEX functionality with a comprehensive point-based reward system. The platform’s community-driven approach and impressive early traction suggest strong potential for participants. Success in the Project X airdrop requires consistent engagement, strategic use of the referral system, and active participation in both trading and liquidity provision activities. The one million daily point distribution creates a competitive environment that rewards dedicated participants while the referral system provides additional earning opportunities. As the project evolves through its planned phases toward full EVM aggregation, early participants may benefit from their accumulated points when the eventual token distribution occurs. You're interested in more projects that do not have any token yet and could potentially airdrop a governance token to early users in the future? Then check out our
list of potential retroactive airdrops to not miss out on the next DeFi airdrop!
Airdrop unconfirmed
PawProfitForum does not endorse communities that promise unrealistic returns through potentially unethical practices. We are committed to promoting safe, informed, and ethical participation in the cryptocurrency space. We urge our audience to remain cautious, perform thorough research, and consider the broader implications of their investment decisions. All the above reviews include unverified information. Please conduct your own research. Share your feedback
