Business News Report

OX.FUN Unveils OX Token Airdrop, Offering Rewards to January Users 

In Brief

The platform OX.FUN is set to provide OX tokens to users through airdrops, targeted at those who registered, made deposits, and were active in trading during January.

Perpetual contract trading platform  OX.FUN  The platform is poised to distribute OX tokens to all individuals who signed up, funded their accounts, and actively traded in January 2024. As highlighted by one of the co-founders  Su Zhu , the primary goal is to motivate and reward those who are actively engaged with the OX platform.

Individuals who registered on OX.FUN in January can look forward to receiving 1,000 OX tokens. Furthermore, those who engage in staking OX can earn an additional 1,000 OX, and anyone who has executed a perpetual contract trade will also be eligible for 1,000 more OX.

The airdrop rewards distribution is set to take place within the next week, giving users a compelling reason to take part in various activities on OX.FUN.

In a recent update on social media platform X, Su Zhu reassured users that more airdrops are on the horizon, signifying a strong commitment to continually reward and incentivize participants on the OX platform.

OX.FUN operates as a cryptocurrency  derivatives trading  The platform is designed to provide an engaging trading experience packed with features like gamified interaction, deep liquidity options, and attractive exchange tokenomics. Users can benefit from elements such as leaderboards, trading competitions, copy trading vaults, and daily challenges that can yield up to a 200% OX reward for completing these tasks, thereby increasing user involvement and offering additional incentives.

Having launched last month, the platform has recently wrapped up its inaugural OX token burn event, successfully removing 2.2 million OX tokens from circulation. 

Stay updated on the latest in cryptocurrency distributions by following our Airdrops Calendar .

OX.FUN’s Connection with OPNX

OX.FUN is the latest iteration from the cryptocurrency derivatives and claims trading platform, Open Exchange (OPNX), which is linked to Su Zhu, a co-founder of the now-bankrupt cryptocurrency lending institution  Three Arrows Capital  (3AC). Currently, Su Zhu is  under arrest

Recently, OPNX decided to  halt operations , planning to cease operations by the end of February. Established in 2023, this exchange primarily focused on trading bankruptcy claims, emerging after the downfall of 3AC, which faced significant issues after its collapse in 2022 due to a series of poor investment choices. These challenges further contributed to a pervasive downturn and many failures across the cryptocurrency industry.

Despite the recent challenges surrounding Open Exchange and its founder, OX.FUN is committed to ongoing development and user engagement through various airdrop initiatives, ensuring that user incentives and rewards remain a priority. 

Disclaimer

In line with the Trust Project guidelines , it's essential to emphasize that the information on this page should not be seen as legal, financial, investment, or any other sort of advice. Always invest responsibly and seek independent financial counsel if you have uncertainties. For more details, we recommend checking the terms and conditions along with the help and support resources offered by the issuer or advertiser. MetaversePost is devoted to delivering precise and impartial reporting, yet market conditions can shift without notice.

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