Variational is a P2P trading platform on the Arbitrum network, currently in the testnet phase, providing users an opportunity to get early access and potentially earn airdrops. So, how can you claim an airdrop? Let’s explore this in a simple and straightforward way with Bnbfaucets!
What is Variational?
Variational is a Peer-to-Peer (P2P) trading platform on the Arbitrum ecosystem that enables users to trade perpetual contracts, futures, and derivatives without intermediaries. The platform is currently developing two main products:
Omni: Aimed at general users, Omni makes it easy to trade leveraged financial products, including crypto pairs, points, pre-market, prediction markets, memecoins, and more without complex procedures.
Pro: This advanced platform is designed for professional traders, allowing them to execute complex derivative trades like options and futures on any token, even those not yet listed. Pro also enables users to customize trade conditions such as margin, liquidation, and settlement.
The Variational’s Team
Variational was founded by experienced experts in technology and finance, including co-founders who previously worked with major financial and crypto entities such as:
– Genesis: Once a major “crypto bank,” Genesis was well-known for significant loans and partnerships with names like Three Arrows Capital and Alameda Research. However, after the LUNA collapse and partner failures, Genesis declared bankruptcy in early 2023.
– Qu Capital: This investment management firm specializes in statistical methods to identify and capitalize on trading opportunities across various assets, acquired by Genesis in September 2019.
The project has garnered $10.3 million in seed funding from major investors, including DragonFly Capital, Coinbase Ventures, HackVC, Bain Capital, and Peak XV.
This is a huge investment for a DeFi project in the Seed round, especially in a market that is already flooded with Perp DEXs.
Project of Variational Timeline
Variational plans to launch the Mainnet for Omni, Pro, and the VAR token in early 2025. The project has confirmed an airdrop for active participants in both the Testnet and Mainnet.
Steps to Participate in the Variational Airdrop
Variational is currently in the testnet phase, with a confirmed airdrop for users who actively contribute. You can interact with the Variational testnet by following these steps:
Step 1. Access the Project’s Testnet Page
Connect your Rabby wallet, which will automatically switch you to the Arbitrum Sepolia testnet. If you’re using another wallet, add the Arbitrum Sepolia network via Chainlist.
Step 2: Deposit USDC
After connecting your wallet, you’ll receive a faucet amount of USDC. Transfer this USDC to the platform by selecting “Deposit” in the top-right corner, entering the maximum amount, and confirming.
Step 3: Place Buy/Sell Orders
Trade pairs like BTC-USDC, ETH-USDC, SOL-USDC, etc., and experiment with market and limit orders. The goal is to create as much volume and activity as possible.
Note: As Variational is in the testnet phase, you can freely open and close orders to accumulate volume and transactions without worrying about fees. Since the criteria for airdrop eligibility are not yet disclosed, focus on exploring the platform and providing feedback.
For any errors or feedback, join Variational’s Discord and use the Feedback section. All contributions will be recorded and could improve your chances for future airdrops. You can also follow the project’s X page for the latest updates.
Summary
We hope this guide gives you a clearer understanding of Variational’s products and how it works. By exploring the platform, you not only gain trading experience but also a chance to receive a VAR token airdrop from the project!
