Aark Digital Token Airdrop Guide: LIVE NOW!
Aark Digital is a decentralized perpetuals exchange built on Arbitrum. The team has mentioned on Discord that there will be an airdrop for the community in the future. In this article, we will briefly explain what Aark Digital is and what you can do to position for the airdrop.
Aark Digital Airdrop Step-by-Step Guide
Here’s how to get the Aark Digital token airdrop:
Add Arbitrum Goerli to Wallet
Complete Tasks to Claim Testnet Tokens
Deposit on Aark Testnet Futures Account
Place Futures Orders
Provide Liquidity
Deposit Insurance Fund
Deposit on Nitro LP (Mainnet Action)
See below for more in-depth details!
What is Aark Digital?
Aark Digital is a derivatives decentralized exchange (DEX) built on Arbitrum. It is the first Peer-to-Pool perpetuals DEX custom built for professional traders. It offers abundant liquidity with 50+ trading pairs and any whitelisted assets as collateral. Cross-margin trading is also available. For liquidity providers, it offers leveraged LP, delta neutral LP and insurance fund.
It is designed to provide a solution for the pain points of perp DEXs. Traders on the Aark platform are not required to sell assets they own to open a position. They can instead deposit these assets as collateral, which will be held until the user’s position is liquidated due to a loss.
Does Aark Digital have a Token?
Aark Digital does not have a token yet, but they have mentioned on Discord that there will be an airdrop for the community. This means that a token launch is highly likely, and the team will announce more details soon.
How to Get the Potential Aark Digital Token Airdrop?
You will need to interact with the Aark Digital Testnet OR deposit USDC in the mainnet liquidity pool in order to be eligible for a future token airdrop. Here’s a step-by-step guide:
Add Arbitrum Goerli to Wallet
You can add Arbitrum Goerli via Chainlist on your MetaMask or other supported wallets. It is the testnet network for Arbitrum.
Complete Tasks to Claim Testnet Tokens
You will need to complete some easy tasks on Zealy (Crew3) to claim testnet tokens on Aark’s Discord:
Connect your MetaMask wallet, and get the Crew3 role by following their Twitter, Discord, Telegram, and Medium.
Afterwards, go to the “verify crew” channel on Aark’s Discord and submit your wallet address. Then, go to the “faucet” channel and claim testnet tokens (test BTC, WETH, USDC).
Deposit on Aark Testnet Futures Account
Go to Aark Testnet. Start by depositing some of your testnet tokens on your Futures account. Try not to deposit all as you will need some for the other features.
Place Futures Orders
Now you can start trading at the Futures page. Choose a trading pair to trade located at the left side of the screen. Then, place a market order or limit order on the right of the screen. Set the leverage ratio by moving the slide bar.
You can see all of your created orders under the Position tab located at the bottom of the screen. Additionally, you can keep track of your previous orders under the Trade History tab.
Provide Liquidity
First, deposit some of your testnet tokens on your Liquidity Provider account. Then, go to the Liquidity page and open an LP position. Set the leverage ratio by moving the slide bar, and then place order to confirm.
Deposit Insurance Fund
You can also deposit test USDC in the Insurance Fund page. This feature allows you to earn from liquidation fees.
Deposit on Nitro LP (Mainnet Action)
If you wish to interact with more than just the testnet, you can provide liquidity to the Aark Digital Liquidity Pool on Arbitrum mainnet. Connect your wallet to the Nitro LP page, and switch the network to Arbitrum One.
Once you’re in, scroll down and you’ll see different tiers of LP products. Select a tier and approve USDC to deposit. Learn more about the risk ratio on their Medium article.
Airdrop Review
When reviewing an airdrop, there are several factors to consider. First, the likelihood the project will even do an airdrop in the first place. Then, to look at how many tokens the project intends to allocate towards airdrop campaigns, as well as the difficulty in participating in their airdrop. It is also important to look at the utility of the token so that there will be an actual use and purpose in participating in the airdrop in the first place. Finally, a factor to consider when reviewing an airdrop is whether the airdropped tokens are subject to any lockup period.
Likelihood of Airdrop: The Aark Digital team has mentioned on Discord that there will be an airdrop for the community. More details soon to follow.
Airdropped Token Allocation: There is no tokenomics yet.
Airdrop Difficulty: The testnet is very user-friendly and easy to use. For depositing liquidity on the mainnet, please do your own research as it involves real funds.
Token Utility: There is no details of the token utility yet.
Token Lockup: There is no tokenomics yet.
The post Aark Digital Token Airdrop Guide: LIVE NOW! appeared first on Boxmining.
Filed under: Bitcoin - @ April 13, 2023 10:03 am