OKX review: X Drops Club includes 15 million token airdrops
OKX announces the launch of the X Drops Club program, offering users access to regular token airdrops. The initiative targets clients holding digital assets on the platform and includes token accrual through the app.
The program is positioned as a mechanism for early access to new tokens and projects. According to the platform, club members can participate in asset distributions that comply with local regulations, with accruals directly credited to users' accounts.
How X Drops Club works
The participation mechanism is built around holding cryptocurrencies on the exchange. To join the program, users must:
2. Create a portfolio worth at least $1,000
3. Join the X Drops Club.
4. Connect to a specific airdrop and hold the assets until the campaign ends.
The share extracted depends on the volume of assets held: the larger the balance, the higher the potential share of the airdrop. In visual materials, the platform shows an example of the distribution of up to 15 million tokens within one of the drops.
Why it matters: Increased competition for liquidity retention
OKX is a global cryptocurrency platform offering trading, storage, and participation in Web3 projects.
The launch of X Drops Club reflects the significant competition among crypto exchanges to retain client assets. The minimum participation threshold of $1,000 and the reward size based on asset retention volume create an incentive to store funds within the ecosystem.
The regular airdrop format and token accrual could increase user engagement and raise average balances in accounts.
In addition, we wrote that OKX offers Valentine’s Day promotion with cashback and trading bonuses.
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