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Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: hbdrypto on January 18, 2024, 08:44:19 AM

Title: Qualifying for Airdrops: Does Stablecoin Swapping Count?
Post by: hbdrypto on January 18, 2024, 08:44:19 AM
To qualify for several airdrops, most crypto experts say to achieve a minimum trading volume of $5,000-$10000 on DEXs.

Now most of the DEXs (as seen on defiLAMA) I have checked out for a specific chain I am hoping for an airdop for only provides a SWAPs feature between tokens. Is swapping from USDT to USDC and repetitions of this counted as trading volume on the chain? Does that add up to both the number of transactions as well as the transaction volumes to give me the best chance for the airdrop?
Title: Re: Qualifying for Airdrops: Does Stablecoin Swapping Count?
Post by: MrSpasybo on January 18, 2024, 11:22:16 PM
To qualify for several airdrops, most crypto experts say to achieve a minimum trading volume of $5,000-$10000 on DEXs.

Now most of the DEXs (as seen on defiLAMA) I have checked out for a specific chain I am hoping for an airdop for only provides a SWAPs feature between tokens. Is swapping from USDT to USDC and repetitions of this counted as trading volume on the chain? Does that add up to both the number of transactions as well as the transaction volumes to give me the best chance for the airdrop?
You should check Retro active's regulations, this question should be sent to the project supporters to get a clear answer for all of participants. If you join Retro Active of a DEX project, all trading volumes including stablecoin/stablecoin as USDT/USDC can be counted. On the contrary, some projects only count the trading volume related to that project's token or a few specifically designated tokens.