BaseTrade is an advanced decentralized futures exchange that prioritizes security and transparency. By connecting a DeFi wallet, users can access on-chain derivative trading with competitive rates. BaseTrade allows convenient trading of equities, BTC, ETH, and other cryptocurrencies directly from digital wallets. With up to 100x leverage, the platform supports spot swaps and perpetual futures similar to centralized exchanges. Notably, BaseTrade emphasizes user custody, ensuring full control over funds through decentralized wallets, enhancing security and independence.

Participants are invited to partake in the thrilling opportunity to engage with the Testnet and accumulate Points by accomplishing various tasks. The earned Points will subsequently be converted into an Airdrop reward upon the Mainnet launch.

The testnet is on Base Goerli Testnet:

Add network- chainlist.org/chain/84531

Request Faucet - faucet.quicknode.com/base/goerli

Alternatively, bridge Goerli ETH to Base - bridge.base.org/deposit

Get started with BaseTrade:

Visit https://app.basetrade.xyz/ https://app.basetrade.xyz/?referral_code=AIEUCJmi86#/mission and begin by connecting wallet.

Proceed to link Twitter to verify tasks.

Accomplish the designated tasks on a daily basis to accrue Points:

Sharing on Twitter to raise awareness: 50 Points/Day.

Simply click on “Share” and make the tweet.

Return the next day to claim another 50 points!

Opening a position: 50 Points/Day.

Claim Testnet Tokens:

Step 1. Open the "Buy" tab.

Step 2. Click on "Buy on BaseTrade (Testnet)."

Step 3. Click the "Faucet" option adjacent to the preferred testnet token and sign the transactions.

Open a Position:

1. Select the pair to trade.
2. Choose between Long or Short.
3. Select the order type (market, limit, or trigger).
4. Select the token to fund the trade with.
5. Input an amount.
6. Set the leverage.
7. Click “Enable Leverage”, then approve the token and open the position.

Confirm the trade details.

Monitor and manage the trade under “Positions”. Click “Close” to close the position fully or partially.

Return to the “Incentivized” tab to claim points.

Ascending the leaderboard:

Ranking based on PnL and Volume performance leads to extra Points at the end of the testnet.

Top Rank (1st): 10,000 points.

Ranks 2-10: 5,000 points each.

Ranks 11-100: 3,000 points each.

Ranks 101-200: 1,500 points each.

Total points allocated for each pool: 470,000.

Referrals: Invite acquaintances and associates, progress through referral levels for a +10% enhancement in point earnings per level.

Accumulate Points through task completion, with the accumulated Points being converted into an Airdrop reward on the Mainnet.

Also complete the Zealy Quest: https://zealy.io/c/basetrade/invite/CxwbdrL0xFmSjsOil_U2Y

That’s all for now!

Conclusion:

Basetrade's journey unfolds through distinct phases, from foundational research and team formation to the launch of a dynamic decentralized futures exchange. Development, testing, and strategic partnerships drive the platform toward its Mainnet Launch, characterized by security, transparency, and user-centricity. The roadmap extends with new features, multi-chain expansion, and innovative offerings like binary options, promising ongoing growth, and advancement in the evolving digital trading landscape.
Docs: https://docs.basetrade.xyz/

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