The world of decentralized finance (DeFi) continues to innovate, and Lynx Finance's latest offering on Celo is a game-changer for forex enthusiasts. Now, users can gain exposure to major forex pairs such as JPY, NZD, AUD, EUR, CHF, and GBP, with more to come. With the power of Galxe, this campaign is designed to guide users through the process of trading forex on a decentralized perpetuals exchange and earn rewards along the way. Whether you’re new to forex trading or an experienced trader, this quest offers a seamless entry into a thriving ecosystem.
What Makes Lynx Finance Unique?
Lynx Finance, powered by Celo, allows users to trade forex in a decentralized manner by utilizing perpetuals. Traders can use USDT or CELO as collateral to open leveraged trading positions, providing a flexible and accessible way to participate in the global forex market.
This initiative is a landmark moment in combining blockchain technology with forex trading, offering transparency, security, and accessibility. With Galxe at its core, participants can track their progress, earn points, and unlock exclusive rewards by completing tasks and engaging in on-chain activities.
How to Participate in Lynx Finance’s Galxe Campaign
Participating in the Lynx Finance campaign on Galxe is straightforward and designed to help you make the most of your forex trading journey. Follow these steps to unlock rewards, earn points, and explore the innovative world of decentralized perpetuals trading:
Step 1: On-Chain Activities
1.Fund Your Lynx Finance Account
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Deposit USDT or CELO into your Lynx Finance account. Minimum deposit requirements:
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8 USDT for USDT deposits.
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10 CELO for CELO deposits.
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Completing this task will earn you 5 Points and get you started on the platform.
2. Open a Forex Trading Position (Optional but Highly Rewarding)
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Use your deposited USDT or CELO as collateral to open leveraged forex trading positions.
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Requirements for eligible trading positions:
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A minimum position size of 1000 CELO (e.g., 10 CELO collateral at 100x leverage).
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A minimum position size of 800 USDT (e.g., 8 USDT collateral at 100x leverage).
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Eligible trading pairs include:
- EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY, USD/CHF.
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Additional rewards for higher trading volumes:
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Earn 1 Point for every additional 200 CELO in position size.
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Earn 1 Point for every additional 100 USDT in position size.
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Step 2: Social Media Engagement
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Follow and Engage with Lynx Finance
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Follow @Lynx_Protocol on Twitter to stay updated and earn 5 Points.
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Follow @StabilaFnd on Twitter to further your engagement and earn another 5 Points.
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Retweet the campaign tweets from these accounts to help spread the word and earn additional 5 Points.
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Step 3: Refer Your Friends
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Invite Friends to Join the Quest
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Share your unique referral link with friends and encourage them to participate in the campaign.
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For each successful referral, you will earn 3 Points.
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Referrals not only help you earn more points but also contribute to the growth of the Lynx Finance community.
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Step 4: Explore Educational Resources
- Visit the Lynx Quickstart Guide to familiarize yourself with the platform and understand how to maximize your trading experience.
Additional Notes
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Make sure to complete all tasks accurately to ensure eligibility for points and rewards.
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Galxe will track your progress in real time, providing updates on your accumulated points and tasks completed.
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If you use multiple addresses linked to your Galxe account, your trading volume may not display correctly. However, this is purely a display issue and won’t affect your ability to earn points or claim rewards.
Why Trade Forex on Lynx Finance via Galxe?
This campaign isn’t just about earning points and rewards – it’s about unlocking the potential of forex trading in a decentralized ecosystem. Here’s why Lynx Finance is worth your attention:
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Global Market Access: Trade popular forex pairs like EUR/USD and GBP/USD in a decentralized manner.
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Flexible Collateral Options: Use USDT or CELO as collateral to suit your preferences.
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Transparency and Security: Built on Celo, Lynx Finance offers secure and transparent trading with blockchain’s inherent benefits.
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Scalable and Rewarding: Through Galxe’s campaign tracking system, participants can enjoy a structured and rewarding experience while exploring new trading opportunities.
https://app.galxe.com/quest/StabilaFoundation/GCyrUtVh97
Claiming Your Rewards
After completing the tasks, users can check their earned points and rewards directly on the Lynx Finance campaign page. With no upper limit on trading volume-based rewards, the potential for earning is substantial.
Conclusion
The Lynx Finance campaign on Celo, powered by Galxe, is more than an introduction to decentralized forex trading – it’s a gateway to a revolutionary way of engaging with global financial markets. By participating in this quest, you’ll not only enhance your trading skills but also become part of an innovative community shaping the future of forex trading.
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