欧易NFT

欧易NFT

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Nanny-level tutorial to obtain EdgeX early alpha project airdrop points

Introduction to edgeX Background#

What is edgeX#

This tutorial will introduce the recently launched edgeX—

  • edgeX is the first MVP product in the market, adopting an order book model, aimed at allowing users to enjoy the experience and trading features of centralized exchanges while self-custodying their assets.
  • edgeX focuses on on-chain financial infrastructure for liquidity and trading, integrating the performance of CeFi with the security and transparency of DeFi, with the goal of building a complete on-chain financial system.
  • The edgeX team members come from well-known exchanges such as Barclays, Morgan Stanley, Bybit, HTX, and are currently developing multiple applications based on trading and liquidity.

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Security of edgeX#

The edgeX account system is built on the Ethereum mainnet, and to facilitate users, it supports low gas fee deposits on the ARB chain, and cross-chain transfers of user funds to the mainnet for free through its own liquidity pool. Regardless of which chain users deposit through, the final funds are stored on Ethereum ETH, maximizing the security of user funds.

The Next Hypeliquid?#

It can be said that edgeX occupies a favorable position; it is the only product that has not yet issued tokens and offers an experience comparable to the current number one DEX exchange, Hyperliquid.

After the launch of the super popular project Hyperliquid in 2024, the edgeX product is also gradually maturing. edgeX is supported by the well-known market maker Amber Group, which is well-versed in trading, user needs, and liquidity strategies, and its product capabilities are on par with Hyperliquid.

Trivia: Amber Group is a leading global provider of digital asset trading, asset management, and infrastructure. As a core participant in the market, Amber Group is also one of the largest liquidity providers and validators for mainstream exchanges and hundreds of crypto projects.

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Following Hyperliquid, edgeX is expected to become the next dark horse. In the past few months, many users have achieved wealth growth through trading points on Hyperliquid. Currently, the user base of edgeX is relatively small, making it the best time to enter. During the event, deposit $100 and trade to receive 5 points, which may be exchanged for tokens at a 1:1 ratio in the future. The off-market predicted token price is about $5 each.

Recent activities of edgeX: The edgeX Points Alpha season is ongoing, and users who missed Hyperliquid can pay attention to edgeX trading to earn early points. The iOS, Android App, and web version are all online, and users are encouraged to experience its smoothness (comparable to CEX) and earn point rewards in preparation for future airdrops.

Here are the specific operation steps—

Detailed Tutorial for edgeX#

Step 1 Email Registration#

Open the official website in a mobile browser. Note: You must use a mobile browser; the email input box may not be displayed on a computer.

  1. Enter a commonly used email and click the “Confirm” button—> Enter the 6-digit verification code received in the email to complete registration.
  2. Click the “Android APK” download link at the bottom to install the App as prompted. iOS users need to download TestFlight first, then install the trial package.
  3. After installation, click “Connect” on the homepage and select “Email Login.”

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Step 2 Complete Initial Deposit#

After logging in, click the green “Deposit” button in the upper right corner to enter the deposit page. edgeX defaults to supporting low-fee deposits on the Arbitrum chain, and the platform automatically generates a unique wallet address, for example: 0x93c57911d2eE4B3cB9C12e31c3Be2f3eD71d52ba (user addresses may vary).

It is recommended that beginners deposit at least $100 to receive a 5-point reward. Points are valuable and can be exchanged for token airdrops at a 1:1 ratio in the future, so do not waste your new user status.

Method 1: Deposit from Wallet#

edgeX is a decentralized exchange and only supports on-chain deposits. If you have a cryptocurrency wallet such as MetaMask, TokenPocket, Rabby, Backpack, and hold assets (like USDT), simply switch to the Arbitrum chain and transfer to the edgeX address.

Method 2: Deposit from CEX#

If you are new and do not have the above wallets, you can deposit from centralized exchanges (like OKX, Bitget) to edgeX. Refer to the article https://heiyetouzi.xyz/zhifubao-btc/ Register --> Identity Verification --> Bind Bank Card or Alipay/WeChat --> Deposit RMB.

It is recommended that new users choose Method 2, as wallet deposits involve cross-chain and bridge operations, which are complex and have high fees. For example, withdrawing $101 from OKX to the edgeX address 0x93c57911d2eE4B3cB9C12e31c3Be2f3eD71d52ba takes about 10 minutes, and the steps are simple:

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Note】 When withdrawing, be sure to select the Arbitrum chain, and the address must be the edgeX address, with USDT amount greater than $100 (approximately 700 RMB).

Step 3 Trade to Earn Points#

Once the deposit is credited, you can start trading. Set the leverage multiplier (up to 100x) and choose the direction (buy/long or sell/short). Note the risks: Although trading has point airdrops, you need to pay fees and may lose your principal, so avoid over-investing.

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Step 4 Airdrop Points#

Click the “Points” tab at the top to view trading points. Points are updated every Wednesday (UTC timezone), showing the total trading volume for the week, points, and rankings. Currently, there are fewer users, and normal trading can yield considerable points (for example, 225 points, ranking 117), with fee losses of about $5, making it a good value.

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Common Questions about edgeX#

  1. I am a beginner and not very familiar with contracts. Does edgeX have spot trading?
    Beginners are advised to try contract trading with small funds and low leverage. If contracts are not suitable, you can wait for spot trading to launch in February 2025.

  2. Can edgeX open both long and short positions?
    You can achieve simultaneous long and short positions by creating a sub-account (Sub-Account). Switch to the corresponding account during operation for a good experience.

  3. Why can’t I deposit to edgeX even though my wallet clearly has a USDT balance?
    Check if your wallet holds a small amount of Arbitrum chain ETH for gas fees. If not, you need to cross-chain or swap from another chain. If you are unfamiliar, it is recommended to use Method 2 to deposit from CEX (refer to Step 2).

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