OKX Wallet has recently been upgraded to the OKX DEX decentralized exchange aggregator and started charging a service fee for transactions (previously there was no fee).
OKX Wallet is recognized as one of the most powerful hot wallets in the cryptocurrency world, and now it has launched "OKX Boost" within the wallet and an X Launch airdrop campaign to reward early and real DEX users.
Simply put, users can earn points for trading and holding assets on the chain within a specified period of time, and the project's token rewards will be divided according to the number of points.
As soon as many people see OKX's Boost, they immediately think of Coin's Binance Alpha.The gameplay is almost the same, relying on "points" to exchange for airdrops, the same design cycle to brush up the amount of points, and the same "early participation ROI is extremely high, and later gradual involution" to create a topic.
So many netizens speculate that OKX is actually trying to trigger traffic by airdrops to attract users to open and use OKX Web3 wallet and DEX for a long period of time. what's more important is that OKX has its own ambitions this time, they have just launched theOur own Layer2 "X Layer".Boost is behind a $100 million eco-fund.Users' liquidity, volume and attentionAll of them are pulled into OKX's ecosystem, creating the FOMO effect of "if you don't participate, you'll miss the huge dividend".
Participate in Boost first step: prepare OKX wallet
Throughout the Boost campaign, you will be trading constantly and the fees will accumulate over time. If you don't bind an invitation code, you will have to pay the original level of fees, which is like sending profits back to the platform for nothing.
Exclusive invitation to link to registration:Click here to bundle 20% service fee discount now!
This step is very crucial, but you need to have a wallet before you can complete it, so Step 1-3 below will teach you how to create a wallet, then Step 4 will teach you how to bind it (if you have a wallet, you can skip to Step 4 directly)!
Step 1. Download Wallet App
leave for Google Chrome App Store Download OKX Web3 wallet. Both desktop plugin version and mobile version are available. It is recommended for newbies to install the plugin in their computer browser first to complete the setup, and then synchronize it to the mobile terminal.
Step 2. Create/Import Wallet
After installing and opening the application:
- If you don't have a wallet, select "I don't have a wallet" to create a new wallet and the system will generate a set of helpers.
- If you already have a wallet, you can import the auxiliary directly.
Note: When creating a new wallet, the system will not automatically back up, so be sure to keep the aide-memoire (preferably transcribed offline) immediately to avoid being unable to retrieve the assets if the device is lost or the password is forgotten.
Step 3.
Switch to the desired host (e.g. Ethereum, Solana, Base, etc.) and top up USDT / USDC to your wallet address as principal.
Remember to make sure that there is also a small amount of the chain's host currency used to pay for the Gas handling fee, for example, the Solana chain requires SOL as Gas, so if you want to participate in the OKX Boost airdrop campaign, it's cheaper to use the Solana chain in the process of brushing up your trading volume, so basically, the deposit must be both SOL and USDT/USDC at the same time.
Step 4. Binding Invitation Code (the most important step to save cost!)
Click Enjoy 20% handling fee waiver discount code: MB002. Go to the Invitation Code page and click on the icon in the picture."Join me now.and connect to the wallet you just created, the page will then let you confirm theUnlock our exclusive 20% handling fee waiver by bundling an invitation code for your current wallet by pressing[Confirmation]After that, the binding will be successful!
This is the most basic "hidden buff" for Boost volume, without which all subsequent operations will cost more.
If you are going to open multiple wallets to brush up your volume participation at the same time, be sure to repeat the binding in Step 4 for each new wallet.MB002The invitation code ensures that all account transactions are discounted and counted towards the Boost effect.
20% is the highest discount available to users today, so if you miss it, you'll be stuck with the original price. What's more, with our dedicated link you're not only guaranteed to get the cap, but if additional codes become available in the future, they'll also be posted on the Telegram Community Notice!
Why are OKX Boost airdrop opportunities so great?
The most important thing to consider when participating in masturbation is to have a large reward pool and strong financial strength, followed by the cost and complexity of participation, i.e., a high price-performance ratio. OKX DEX's Airdrop campaign has an advantage in all these aspects:
Strong financial backer
OKX Exchange is one of the top platforms in the world, and with the recent moves towards compliance, and even considering going public in the US, there is a strong incentive to expand its global user base in the near future. In order to promote its decentralized business, OKX is willing to invest a lot of money. The official announcement of $100 million for the development of the X Layer chain ecosystem is closely related to the promotion of OKX DEX. For a product with such a high sunk cost, the market incentive budget is naturally not small.
Great rewards and fair rules
OKX Boost campaigns use point rankings to award prizes, with early participants receiving a larger share of the rewards and higher yields due to the smaller number of participants. This type of incentive is usually"Early High Yield, Late Inward Declining"The earlier the threshold, the lower it is. The earlier the threshold, the lower the threshold. Officials often intentionally give early users a bright income to create a FOMO effect and attract more people to participate, which is actually not a problem for users because it is also one of the marketing tactics.
The results of the first Linea airdrop, which just wrapped up the week of 9/9, proved this to be true, with many low-cost participants receiving tokens that far exceeded their costs.
It's relatively easy to get started.
Participation in the program is not complicated and there are no tedious tasks or technical thresholds. All you need to do is to keep a certain amount of assets on the chain for a specified period of time and make some trades to earn points. OKX DEX Aggregator supports multiple chains, has a user-friendly interface, and operates like a centralized exchange list. Some newbies may not have used a centralized wallet before, but through this activity, they can learn and earn at the same time, killing two birds with one stone.
So whether you're a new user looking to open your first self-managed wallet or an experienced airdrop hunter, this event on OKX DEX is well worth keeping an eye on!
Engaging Boost Step 2: Understanding the Playbook
Before I really share the strategy with you, I hope you understand the principle play: According to the official announcement of OKX, the OKX Boost campaign measures user contribution through two metrics:Transaction Volume, Wallet Balance
Simply put:Deposit money to OKX Wallet and start trading volume!
*Volume refers to the converted value of on-chain trades made through the OKX DEX aggregator in the last 15 days.
*The balance is the average daily balance of the specified assets held in the wallet over the past 15 days.
Users who meet the minimum qualifications will be able to split the rewards based on the points calculated from these two figures. The first phase of the $LINEA campaign, for example, requires an average daily balance of at least $10 and an average daily trading volume of at least $32. The threshold is very low, and it is easy for most people to meet it!
So remember:Transaction volume, wallet balance!
How is the trading volume calculated?This part needs special attention, OKX classifies different token pairs into three categories and assigns different volume weighting factors, you can refer to the official Boost Volume Calculation List > https://web3.okx.com/zh-hant/boost/records
Category 1: Mainstream mainnet currencies (e.g. ETH, BTC, etc.), stablecoins (USDT, USDC, etc.) and mainstream pledge-derived tokens (LSD)
Category 2: Large and medium market capitalization tokens (e.g. UNI, DOGE, etc.), excluding Category 1 assets.
Other: All tokens other than those categorized above (small and mid-cap coins, MEME coins, new item tokens, etc.)
According to the official rules, there are different points coefficients for different types of combinations of transactions, which are calculated according to the formula:Boost Scoring Volume = Actual Dollar Volume × Number of Relationships。
I'll list the specific multipliers for you (same as above)
Category 1 vs Category 2 Transactions: 0.25x (Points are calculated as 25% of the actual transaction amount)
Category 2 to Category 2 transactions:: 0.25x
Category 1 for Other (other currencies) transactions:: 1.0x (with 100% as an integral)
Category 2 to Other (Other) Transactions: 1.0x
Category 1 to Category 1 Transactions: Not counting bonus points
Other vs.: Not counting bonus points
Simply put.To avoid swiping in the wrong direction, remember that there are two things that never count: stablecoin to stablecoin (C1↔C1) does not count, and smallcoin to smallcoin (Other↔Other) does not count. At least one of the sides should be Category 2 or Other in order to get the coefficient.
How is the wallet balance calculated?Boost balance refers to the Category 1 assets held in the wallet (averaged daily), in principleThe more mainstream or stablecoins you holdHowever, there is a minimum balance threshold (e.g. $10 for Phase 1) to screen inactive wallets. However, there is a minimum balance threshold (e.g. $10 for the first period) to filter inactive wallets.
It is recommended to hold at least some OKB or USDT/USDC in your wallet.You will be able to fulfill the requirements and earn a certain amount of bonus points. More quality assets may be included in the statistics in the future.
What is a Trading Score Position?
In OKX Boost, tier means that based on your average daily trading volume, the system will categorize you into different levels (tiers) and give you the corresponding points limit.
Simply put, the more trades you make each day, the higher your stall, and the more points you can get. But be careful.More swipes don't mean more money.！
According to the data in the first period, the middle range(Approx. files 3-6, average daily volume of $256-512)Instead, the price/performance ratio is the highest. Further up the brush, although the absolute value of points increases, due to higher handling and wear-and-tear costs, theMarginal gainsIt will go down. So the point of understanding stalls is to help you find the most cost-effective balance, rather than blindly pursuing the highest stall.
Participate in Boost Step 3: Get started!
Going back to the Boost airdrop campaign, the idea at the heart of it is [Deposit some money to get bonus points, then trade back and forth to get bonus points.However, swiping transactions incurs handling and slippage costs. However, swiping transactions incurs handling and slippage costs, and if the costs are too high, the value of the final airdrop may not justify the expense.
So we need to choose the method with the highest price/performance ratio. Based on OKX DEX's current rate and points rules, I have organized the following 2 Key low-cost strategies：
Strategy 1: Stable Currency vs. Large Cap Currency (x0.25x)
Suitable Users: Players with small capital who want to participate with low risk.
Method: Use stablecoins to exchange Category 2 coins (mainstream coins) defined by the platform. Although the multiplier is low (only 25%), the cost is very low and the price fluctuation is small.
The actual operation:Prepare 5-10 low security numbers, save 20-50u for each number, and finish $32/day transaction volume in a few days (total $500 transaction volume can reach 1 point).
Revenue: If each point is worth ~$50, then each number can earn 40-50u, ROI > 100%
Remember the time and source of funds to avoid round-tripping of the same funds and reduce the risk of being convicted as a "witch".
1) 20% Handling Fee Rebate = Estimated cost of 25u per 10000u(each number/purse)
2) 40% Handling Fee Rebate = EstimatedIt costs about 15u per 10000u (per number/purse).
Here can explain the principle: If you get 20% commission, applied to the original official service fee benchmark rate of 0.25%, you only need to pay 80% commission, that is, after the discount of 0.20%.Handling fee of approximately 25u per 10000u transactionIf you get a 40% Handling Fee RebateThe handling fee will be reduced to about 0.15%.Handling fee of approximately 15u per 10000u transaction。
Add in additional costs of about 0.05% (~5u / 10000u) for on-chain Gas fees, transaction slippage, etc., and the total cost is about 0.2% (40% discount) to 0.25% (20% discount).
Strategy 2: Stabilization vs. other small currencies(x 1x)
Suitable for: Players who have a certain amount of capital and are willing to take risks.
Method: Use stablecoins to exchange "other types" of small currencies, every 1U transaction volume = 1 point, the efficiency of points is higher than strategy one.
Actual strategy:Assuming 10 boutique numbers (focusing on wallets), each number puts ~300u of inventory, and swipes ~128u of transaction volume per day (cost ~$1/day, 15 days ≈ $15). Estimated in the first period, each number is about 4 points, worth 200u, ROI is still very considerable.
Big money players directly pull large trading volume. For example, each wallet brush 10000u (with 40% rebate), the cost ~ 70-80u, a wallet / number can rush to dozens of points. Although the ROI of a single number declines, the total revenue is absolutely high, and spread over many numbers is more stable.
1) 20% Handling Fee Rebate = Estimated cost of 80u per 10000u
2) 40% Handling Fee Rebate = EstimatedIt costs about 60u per 10000u.
Although the cost of Strategy 2 is higher than that of Strategy 1, because the multiplier is 1x, compared to Strategy 1 which requires 4x the trading volume to get the same amount of points, the actual "cost per point" is almost around 0.8%. The difference is that Strategy 1 is more low risk and suitable for small capitalization to roll out, while Strategy 2 is highly efficient, but requires a larger capital and risk tolerance.
If you still don't get it, let's find out more about it (it's hard to understand because of all the data and costs involved in airdrops):
There are two common rates for official UI services:
0.25% (mainstream currency trading)
0.85% (other small currency transactions)
20% Handling Fee Rebate will be offered after bundling the referral code:
0.25% × (1 - 0.2) = 0.20%
0.85% × (1 - 0.2) = 0.68%
If you get a 40% rebate:
0.25% × (1 - 0.4) = 0.15%
0.85% × (1 - 0.4) = 0.51%
Look at the UI handling fee before you place the order, if you don't see the discounted number, it means you haven't tied it up successfully, then you have to pull back to Step 4 above! HereIt's good to understand the relationship between rebates and costs, basically at the top of the articleI've already told you exactly how much it's gonna cost.。
To summarize: Strategy 1 is better in terms of stability and low cost, which is suitable for bottom-gathering, while Strategy 2 is better in terms of high single points, which is more suitable for impacting high scores. Players with small capital can accumulate a lot of base points by brushing a small amount on each of their multiple accounts. If you are a well-capitalized and experienced player, then you can try brushing a large amount on a small number of accounts in order to hit a higher score bracket. However, no matter which strategy you follow, you should be sure to keep your costs under control!
Last great tip!!!
When choosing a network and trading pair for OKX DEX's Boost campaign, it is recommended to maximize the selection of Low gas cost, high mobility chains, such as Base and Solana, which are extremely low-cost and ideal for small, frequent operations.
In terms of currency pairs, stable coins are the most convenient for mainstream coins, but if you adopt the strategy of swiping small coins, you must pay attention to the risk of slippage and spreads, and it is best to choose a stable currency. Large market capitalization and high degree of activity tokens with a stable price trend.
However, Boost is not a sure thing. The final value of airdrops depends on the market price of the tokens. For example, although $LINEA has a large prize pool, if the price of the tokens is lower than expected after the launch, the cost of brushing up the volume may outweigh the benefits. The rules may also be adjusted over time, for example, by raising the minimum balance or trading volume thresholds, rendering previous trumpet strategies ineffective.
Although multi-account operation is popular, there is also a risk of risk control. OKX may detect knocking behavior and disqualify it, so the safest approach is to spread out your time, spread out your currency pairs, and mimic normal users with real trading behavior.
Overall, Boost is indeed one of the rare airdrop opportunities with high price-performance ratio in recent times, especially among early participants. Strategically, you can minimize costs and reduce risks to a manageable level by taking advantage of rebate discounts, picking the right chains and pairs, and diversifying across multiple numbers. At the same time, be prepared: as the number of participants increases, the probability that the value of each point will decline, so "early participation, low-profile participation" is the key to seize the dividends.
If there is still something unclear after reading this, please join in! Telegram Community Ask a question and share it with other OKX Boost players!
Relevant Handling Fee Reference
https://web3.okx.com/zh-hans/dex-fees/tokens?page=18
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