📝Introduction
NeonNexus is a cutting edge decentralized spot and perpetual exchange on Rollux. Allows up to 50x leverage which enhances traders position and guarantees high return on investment.
NeonNexus is native to Rollux as it will be the first perp exchange to natively support SYS, PSYS, ETH etc and various other crypto assets offering cross margin support, low swaps, and low price impact trades.
✨ Overview of Testnet Campaign
NeonNexus is excited to announce testnet campaign! We're seeking participants who are DeFi enthusiasts to join us and help shape the future of seamless and efficient crypto trading.
Participants will help test features on the protocol which will primarily include trading [long and short positions, swaps], staking, liquidation, fee structure and providing liquidity on the protocol.
🚩 Testnet campaign Rules:
1. Duration/Campaign Dates
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Start Date: [04-02-2024]
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End Date: [04-20-2024]
2. Rewards
REWARD POOL [2,000,000 esNOX]
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LP Airdrop Pool [500,000 esNOX]
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Trader Airdrop Pool [1,000,000 esNOX]
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Trade Profit Airdrop Pool [500,000 esNOX]
Earn Page: https://dapptest.neonnexus.io/#/airdrop
What is Escrowed NOX [esNOX]
Escrowed NOX (esNOX) can be used in two ways:1. Staked for rewards similar to regular NOX tokens2. Vested to become actual NOX tokens over a period of one year
Each staked Escrowed NOX token will earn the same amount of Escrowed NOX and SYS rewards as a regular NOX token.
For more information check out: Docs
LP Airdrop Pool
Participants are required to provide liquidity on NeonNexus. The reward for providing liquidity is directly proportional to the stake duration. The longer the liquidity is staked, the higher the percentage of rewards it can earn.
Trader Airdrop Pool
Participants need to engage in trading activities on NeonNexus which includes swaps, opening and closing positions. Rewards are calculated by the total volume traded over the course of the campaign with higher volume traded standing higher chances of getting rewarded.
Trade Profit Airdrop Pool
Rewards will be distributed among the top participants with the highest win rate against other traders.
NOTE:
Winners will have their rewards distributed to their wallets upon mainnet launch.
Rewarding of participants is at the sole discretion of the protocol as the protocol will take all appropriate measures to detect and eliminate sybil/bot accounts
How to Participate?
STEP 1: ADD ROLLUX TESTNET TO METAMASK
Head over to Chainlist.
Connect and add Rollux Testnet network to metamask.
STEP 2: ClAIM TEST TOKENS
Faucet Link: https://dapptest.neonnexus.io/#/faucet
STEP 3: EXPLORE PROTOCOL FUNCTIONS
Head over to NeonNexus
Participants need to engage in trading activities on NeonNexus which includes swaps, place trades [LONG/SHORT/SWAP] using any of the protocol features [Market, Limit, TP/SL].
Rewards are calculated by the total volume traded over the course of the campaign with higher volume traded standing higher chances of getting rewarded.
Competition Rules
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No transferring balances between wallets or trading accounts. Any transfers of collateral will disqualify your address from the rewards pool.
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Participants can trade anytime between the start date of [04-02-2024] and the competition end date of [04-20-2024].
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Any removal of liquidity from the LP before the competition end date will result in forfeiture of rewards and disqualifies the wallet from receiving rewards.
✨That’s it!
NeonNexus is committed to building a user-friendly decentralized perp exchange. By participating in this testnet campaign, you'll be playing a vital role in our success.
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