Most people have not even heard of X7 Finance, let alone understand the airdrop opportunities that appear to be unfolding. So let me take a step back and tell you:
- what X7 Finance is
- how X7's multi-chain strategy is likely to generate rolling airdrops
- what X7 has said about airdrops,
- why I believe these rolling airdrops could extend long into the future, and
- the unique opportunity these rolling airdrops represent for X7 to gain long term loyalty and usage, creating even more value for airdrop recipients.
What is X7 Finance?
X7 is decentralized exchange with a unique lending capability built in. X7 is designed to serve:
- millions of DeFi traders
- crypto project launchers looking for liquidity capital to launch their token
- investors seeking a better return on their ETH.
Traders
- Get the best price. Everytime. The X7 routing algorithm selects the most advantageous route to take on leading DEX's or across multiple pairs on multiple exchanges.
- High liquidity X7 searches for the deepest liquidity pools to reduce slippage on your orders.
- Privacy first X7 will never track or store any of your trading history. Everything is handled on-chain.
- Trustless transactions Experience secure, trustless transactions in the world of decentralized finance.
Crypto Project Launchers
- Initial liquidity loans X7 provides initial seed capital to crypto projects. No loan is too big. No loan is too small.
- You are already approved That's right, there is no complicated applications and no approval process. The whole system is permissionless. If you want an initial liquidity loan for your project, you can have one.
- No mortgages or liens Even better, X7 is not going take a mortgage on your house or take a lien over your assets.
- Your credit score does not matter X7 does not even look at your credit report and an initial liquidity loan will have no impact on your credit score or even appear on your credit report. Their technology is that good.
- Optimal liquidity for your token By borrowing liquidity from X7 to launch your token, you'll have the ability to attract larger investments early with healthier liquidity levels.
- The perfect loan for your project Choose how you want to pay off your loan or just let X7 redeem it from your liquidity pool at an agreed upon time.
- Make a splash with your launch on X7 Seamless launches for maximum impact.
Investors
- Put your idle ETH to work By contributing to the X7D lending pool, you have the opportunity to earn an attractive yield.
- Zero Counterparty Risk X7D is pegged 1:1 to the price of ETH, ensuring that your investment maintains its value.
- Flexibility and Control With X7D, you have complete control over your investment. You can withdraw your ETH at any time without penalty, providing you with the flexibility you need.
Multi-chain strategy
Now you know what X7 is, lets talk about X7's multi-chain strategy and how that lays the foundation for rolling airdrops.
X7 is currently running on the following chains:
- Ethereum
- Arbitrum,
- Polygon (MATIC)
- Optimism, and
- Binance Smart Chain (BSC) is expected before September 7th
- Other ERC-20 compatible chains are expected later
However to date, the family of X7 tokens have only being launched for the Ethereum chain. The tokens for the other chains are expected to be airdropped to the Ethereum X7 token holders in the future, some in the near future.
What X7 has said about airdrops
As part of X7's decentralization strategy, each chain will have it's own DAO and family of X7 tokens. The tokens for those other chains will not be airdropped and go live until X7 has built up a sufficient amount of initial liquidity for the tokens on any particular chain.
Why I believe these rolling airdrops could extend long into the future
How that liquidity builds justifies a discussion in itself, but the important thing to note with respect to this discussion about rolling airdrops is:
- there are a lot of ERC-20 compatible chains that X7 may choose to launch on
- many new ERC-20 compatible chains are expected to launch in the future
- each chain X7 launches on will have it's own DAO and family of tokens airdropped to X7 ETH tokenholders
- The timing of these launches are highly unlikely to be simultaneous and are likely to extend for a long time into the future. Hence the expectation of rolling airdrops.
Long term loyalty, support and usage of X7
Unlike most "one and done" airdrops which often see recipients quickly dump their tokens, these rolling airdrops give community members a strong incentive to stay involved and hold their tokens long into the future to continue benefiting from the rolling airdrops. Indeed I suspect as word spreads about how valuable these rolling airdrops become, more and more people will join the X7 community.
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This is not investment advice