Vertex Protocol is a cross-margin AMM DEX built on Arbitrum, supporting spot, perpetual, and cash markets on one integrated trading platform. They have 60.5k followers on Twitter, among which many top influencers can be noticed.
Investments: The project raised $8.5 million from Dexterity Capital, Hack VC, GSR, Huobi Ventures.
What interests us in the project's tokenomics?
Currently, there is an opportunity to trade on the platform and accumulate their tokens, $VRTX, as well as various NFTs, as a reward. We receive approximately 11 $VRTX tokens for every $1 spent on fees. According to the dashboard, there have already been 13.5 million tokens traded as rewards, but trading for tokens will still be available until September 12th. Token withdrawals to your wallet happen instantly, within a couple of minutes.
What could we do? Access the Vertex Protocol website. Connect your wallet. Deposit USDT on the Arbitrum network. Trade futures/spot. Earn rewards in the form of spent fees. Rewards update every 24 hours.
The rewards will be distributed in several stages: ~ 9% of the tokens within the 6 months preceding the TGE. ~ The remaining 37% will be distributed over 6 years.
Total supply of $VRTX is 1 billion tokens, with 8.5% sold to investors for around $8.5 million - investors bought at $0.1/token. On the other hand, we spend fees and receive tokens at approximately the same price. It is especially profitable if you are already involved in trading with a positive P&L. If you want to try the platform and obtain tokens at the lowest possible price, you can purchase tokens you like on the spot market (for short positions, you can utilize futures with 1x leverage). Show Less
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