🔥 New Secret Airdrop Under-The-Radar 🔥 Must See 👀
Crypto Currency State
3 months ago
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Executive Summary
Here's a summary of the video about the What Exchange airdrop:
The video covers What Exchange, a relatively under-the-radar perpetual decentralized exchange (DEX) powered by the Orderly Network. It's highlighted as a potential source for a significant airdrop, confirmed by both the project's official comments and its founder, appealing particularly to those farming trading protocol airdrops.
Here are the key points discussed about What Exchange and its airdrop:
- What Exchange is a perpetual DEX that runs on Orderly Network, which is seen as a powerful solution for perpetual trading platforms.
- Orderly Network has secured significant funding, publicly disclosing $25 million, but it's believed the total funding is much higher, indicating a strong backing for the underlying technology.
- The project has explicitly confirmed an airdrop and emphasized its focus on the community. A specific comment mentioned rewarding farmers with 30% of the airdrop, referencing Hyperliquid's successful airdrop as a potential benchmark, which is exciting because it suggests a potentially large distribution.
- The founder of What Exchange has also publicly stated that the airdrop is live and encouraged farming during the "red market," reinforcing the confirmation.
- To get started, you need to go to the What Exchange app and connect your wallet. Using a referral link is encouraged and can offer benefits like rebates.
- A great feature is the ability to select from many different networks for trading, including popular Layer 2 solutions like Arbitrum and Optimism, as well as newer ones like Sonic, Story, and Verachain. This flexibility is impressive and not common on all platforms.
- You need to deposit funds, specifically USDC, into the platform to trade. The deposit and withdrawal process is straightforward, and you can withdraw your funds anytime, which is convenient.
- What Exchange boasts a very extensive list of trading pairs, which is one of the most complete seen on a DEX. They are constantly adding new pairs, giving traders lots of options.
- The trading interface is intuitive and keeps everything on one screen, making it easy to place orders. Standard features like market orders, limit orders, take profit, and stop loss are available.
- A significant benefit is the rebate system. By using a referral link, users can earn up to 40% in rebates, paid out in ORDER tokens (Orderly Network's token), based on their trading volume. This is a nice perk on top of potential airdrop farming.
- A strategy mentioned for airdrop farming on perpetual DEXs, especially if you're not an experienced trader, is to hedge your positions. You can open a long position on What Exchange and a short position on another platform like Hyperliquid with the same parameters. This minimizes trading risk (as price movement is offset) while still generating trading volume needed for airdrop eligibility, though you still pay fees.
- Joining the project's Discord is recommended to stay updated and engage with the community, which could be beneficial for airdrop tracking and eligibility.
- The presenter is very bullish on this airdrop opportunity because of the strong backing from Orderly Network, the explicit airdrop confirmation, and the project's stated focus on rewarding its community significantly, potentially following the successful model of Hyperliquid.
- Staking functionality is mentioned as coming soon to the platform, which could offer another way to interact with the protocol.
- Additional resources like the presenter's private Discord and an airdrop farming application are mentioned as tools to help track and manage various airdrop opportunities efficiently.
Transcript
Transcript
Hi crypto fans, welcome to CCS Cryptocurrency State. My name is Santiago and in today's video I'm going to share with you my secret airdrop that is very under the radar and that I started to farm recently and it's one of those airdrops that belong on one of the big airdrop niche categories that I covered in my last video, the best airdrops to do in March. If you remember from that video, one of the big categories of airdrops right now is trading protocols, DXs, perpetual protocol. So this project is in that category and it's very important because it's powered by Orderly Network. So let's go and cover everything about this. So the project is called WhatExchange. This is a perpetual airdrop powered by Orderly Network and WhatExchange is the first community-owned perpetual DX. Runs on Orderly Network, one of the best solutions for perpetual DXs. Remember that Orderly had a disclosed 25 million in funding but much more not publicly posted. So if you go to CryptoRank, you can search for Orderly and you can see the 25 million is from 2022 and 2024. But we have some amounts that were not disclosed here and we also have some launch pools over 2024. So the valuation here is 200 million. I think it's a lot more than that. But this is a powerful protocol that we covered in the past. Maybe you remember all over 2024 we have been covering the Orderly Airdrop and the Orderly project in many different cases and use cases. So on the important points, for me it's a big deal that is powered by Orderly. Also they have a very airdrop friendly comments like this one. You can see here on one of the posts that they did answering here on Kaito AI. This was on February 20 regarding a little of fat that was around the Kaito Airdrop and what they posted here, you can see is your project is 99% community focus plus you farm everyone's data for months to create the backbone for your product and then you reward them with only 10%. This is grateful. We will follow hype example and reward 30% to the community farmers. A project is nothing without its community. And this is a very powerful statement. This is a very powerful comment from the protocol itself. So this gives me a lot of hope because World Exchange is really focused on the community and the confirmation on this comment made me think that they could really follow the example of hype and hyperliquid and really make an amazing airdrop from this protocol. Also another important point is that the founder itself of World Exchange confirmed here the airdrop. The Twitter account is I'm not the Wolf, so you can follow him too. He is a very experienced crypto enthusiast with many projects on his back and you can see that he posted here the red market is the best time to farm World Exchange by orderly network. The airdrop is live and he posted this which is kind of a step by step from the initials on the airdrop of World Exchange. So from these two comments we can now confirm that the airdrop is active and that is why I added World Exchange as one of the the de-exit perpetual protocols that I am farming right now and enter my positions when I do trades and even with some strategies that I'm going to share with you. So the first step here is go to the World Exchange app. You have a referral link here. You support the channel using it. So go here and let's start checking how this protocol works. So once you are here on World Exchange, the first thing that you need to do is connect your wallet. And the important thing that you are going to see here that I put here on the point two is that you need to select the network where you want to trade and there are a ton of options for you. So when you click here you can see you can use Arbitrum Optimism, many of the layer two solutions, but also you can start using Sonic, for example, Story, Verachain. So very new networks are already available here on Mainnet. Remember to click here on Mainnet and bid Mainnet when you are starting to trade and selecting your network. So in my case, for the purpose of the video, I am selecting Arbitrum, but it's amazing that you actually can select many of these networks and you are not confined only to one or two or even into a Ethereum Mainnet. Now the point three is that you need to click on deposit and put the amount of USDC that you want into the platform. So here you can click on deposit. You are going to see, of course, the network that you are and what you are selected. You can see your available funds in that case. And here you can see your wallet exchange account. So it's very easy. Just approve the USDC and send the funds there. The same for withdraw. You don't have any period to withdraw. So you can withdraw anytime that you want the funds from the platform, which is also amazing. Once you do the deposit, you are going to see everything on your portfolio. And here you have also positions, orders, API keys. If you want to integrate this API key with something and your settings account. The other important thing is that the point four, where you can select from an extensive list of pairs. And this is one of the most complete token lists in DX Perpetuals that I saw. And they are constantly adding more pairs. For example, yesterday they posted this, which is a new listing. So they usually have a couple of lists per week. And this was from yesterday. They added comma and broccoli into the protocol. So you can already start trading using these tokens too. And when you check here on the left side of the panel, you have all the pairs. Of course, you can select and click here on the start to get your favorite. But the list is, I mean, come on, there are hundreds of tokens here listed already. And you can select any token that you want from the list to start trading. And like I said, you can check on their Twitter account. They are constantly adding more pairs. You also can check from market section, the information about the different perpetual pairs, the new listings. And this is important information, top gainers and top losers. So if you want to farm and make some trading strategy, you may want to check these tokens too. So in the dashboard section, you have more stats. One thing that is coming very soon is the staking functionality that is not live yet. So soon you will be able to use that. Now, in terms of the trading itself, it's really intuitive and very similar to many other DXs. But one thing that I like is that everything is in your screen. You don't need to start scrolling too much into any other part of the screen. So basically from here, let's do a quick market buy order. You can see we have a clear pattern of higher highs and lower highs. So this trend could continue a little bit more, even if we get some resistance here. This is a five minute chart. It's not what I used to use to trade, but just to show you how easy this is, let's put a very quick market order here. You have the take profit and stop loss functionality. If you want to put it, it's super, super recommended to do it. And also you have the reduce only functionality if you want and more details on your order. So once you're ready, you just need to set the order and confirm it. Now that we have some positions here running, one thing to comment is regarding the rebate system. All users that use a referral link can earn up to 40% rebates paid out in order tokens. You can earn between 30 and 40 orderly rebates by trading on what exchange with my link, which is the first one here. And you can check your orderly rebates here on the application of orderly network in the trading rewards. So basically, as much as you use the trading platform, you also are going to get one part back, which is amazing. And that is because it's powered by orderly. So guys, another strategy that Boris mentioned in many videos regarding perpetuals, if you are not experiencing trader, you also can do this strategy, which is use more than one perpetual trading platform. For example, I just opened a long position here on Ethereum at this exact value at 1,975. I could open a short position on Ethereum in, for example, Hyperliquid with the same characteristics of this long position. And that way, the only thing that I am paying are the fees on the platform. Because even if the price goes up or down, I have a position open. So I am not really losing any value on my trade. I will not be liquidated. I don't have a big risk. I will be only paying the transaction fees, which usually are not high on this kind of platform. So that is also a strategy. If you want to generate some volume for the airdrop and you want to minimize your risk. That, of course, is if you are not an experienced trader. And guys, and finally, the point six here is to join the discord. So if you want to be up to date with everything on what exchange is doing, you can follow them on Twitter, of course, but also follow him and participate, engaging the community on their discord account. I think that is all for this protocol. This is one of the perpetual DX that I added to my list of trading protocols that I will be farming right now. I am super bullish because of the comments that they put here on X account and the official announcement of the airdrop from the founder of what exchange. So hopefully this could be another hype airdrop during 2025. If you want to be up to date with everything related to airdrops, don't forget to join my community on my private discord. The subscriptions are really cheap. You can join to my discord or also you can add my application. This is an airdrop application that I created to facilitate all the work that an airdrop hunter has. So you can check this video on how it works. It will help you to just in a couple of hours, a couple of days per week, do all the actions that you need in all your airdrops that are active. You also will receive alerts on your email. So it's super, super convenient. You can check the video and also check the subscriptions here. That would be all for this video. This is my secret airdrop that is super, super under the radar. It's a very new perpetual DX powered by orderly network that is going to run an airdrop. So don't forget to use the application, trade, check for the new functionality soon. That will be all. Don't forget to like the video, subscribe to the channel, click the bell to get the notifications and I will see you in the next video. Bye!