Friends, once again we remind you about an interesting project — Electra, a modern decentralized platform for trading perpetual contracts (perpetuals) based on blockchain technology. This project may attract the attention of those who follow the development of the cryptocurrency industry and are looking for new investment opportunities. Since security should always come first, especially when it comes to cryptocurrencies and futures trading, at the end of this material we will consider several key steps that will help you to maximally secure the process of farming points for the airdrop on the Electra exchange. Following these recommendations, you can minimize risks and increase the number of points for participation in the rewards program, so be sure to read the article to the end.
Surely, most of you missed a similar project — HyperLiquid, which became famous for one of the largest drops in the history of cryptocurrency, distributing $1.2 billion to its users in November 2024. Many participants then received significant profits and caught a Livechange. Now we have Electra — a project that also deserves attention.
Key Features of Electra
Electra offers a number of unique features that may interest experienced traders:
- Infinite Liquidity: This is the key aspect that distinguishes Electra from other platforms. The project promises to provide access to the liquidity of centralized exchanges, including giants like Binance. This significantly expands trading opportunities and reduces the risks associated with a lack of liquidity.
- High leverage: Up to x1000 (currently available up to x100), which allows traders to increase potential income with minimal investment.
- Low commissions (0.04%): The platform strives to offer competitive rates, which makes it attractive to active users. (A great point for scalping and filling volumes for a future drop).
- AI-powered tools: For market analysis and decision-making.
- No need to register and go through the KYC procedure: Which provides additional anonymity and ease of use. Since the exchange is DEX, you will trade from your Web3 wallet, for example Metamask or Bitget wallet.
Partnership with Lumia
It is worth noting that Electra is based on the Lumia L2 blockchain, which recently attracted $53 million in investment. Lumia acts as a main partner and supports the development of the project. The main feature of Electra is the ability to trade on DEX with liquidity from CEX (including Binance). This is why they call their liquidity UNLIMITED. And in fact, this is very important, important considering that many traders do not use DEXs due to very low liquidity and a limited number of pairs. Electra eliminates these problems, at least that's what they say.
Here's what awaits us next:
- Algorithmic trading and copy trading.
- Launchpad.
- A personalized Telegram bot with AI-powered analytics that provides trading signals and instant notifications about big players' actions and important news.
- On-chain analysis and events calendar.
In addition, the interface will include Social-Fi elements: built-in chats, leaderboards, trading competitions within a specialized league and other interesting features.
Two Airdrops and Methods of Farming Them:
The project team is actively preparing for the launch (planned for March, although the timing may change) and the upcoming distribution of $ELT tokens. Tokens will be distributed among participants who accumulate project points. At the moment, there are two ways to accumulate points, each of which is described below.
1. Mini-application in Telegram
Since the project is aimed at the Telegram audience, the developers created their own mini-application, which became a powerful tool for attracting new users. The application was launched back in September, so now it is worth focusing on the second method, but let's look at the main steps of working with the mini-application:
- Open the ELECTRA mini-app.
- Check in daily in the app and earn points. The more often you participate, the more points you can accumulate.
- Price prediction: try to predict the price of bitcoin in six hours. For the correct answer, you will receive a double reward, and for the wrong one, you will receive the base amount of points.
- Bulls'n'Bears game: your goal is to score as many points as possible in a certain time. Manipulate the bitcoin price chart and try to reach the $1 billion mark. It's quite simple: tapping the screen increases the price, and not tapping it decreases it. Collect various boosters and avoid obstacles.
- Completing tasks in the Tasks section.
- Inviting friends: for each friend you invite, you will receive 10% of the points they earn.
This method is a free way to receive the Airdrop from Electra. However, the main amount of the drop will be distributed among the participants of the second method, namely among those who are already trading on their exchange, accumulating trading volumes and earning points.
2. Trading on DEX Electra
At the moment, the exchange is undergoing a closed test of the trading terminal, only a few hundred people have access. You can also join the testing of the Electra exchange and filling trading volumes and points for the future Airdrop using our link.
The point is this: you trade futures and earn points for this, for which the drop will eventually be filled. And in fact, these points, unlike those that can be farmed in tapping game, will have a much higher value when distributing the reward. If you trade futures on any cryptocurrency exchanges, then this is an ideal activity for you, in addition to regular trading on futures, you will also farm the Drop, and you will also have a chance to receive prizes in the trading tournament from BitGet Wallet, which we wrote about quite recently.
What needs to be done?
- Go to the ELECTRA trading terminal.
- Connect the EVM wallet (we recommend Bitget Wallet, so you can also participate in the $50,000 tournament) and make a deposit in USDT to the BSC network.
- Start trading, increase volumes and earn points.
There are about 60 trading pairs available on the platform, so the choice is quite wide. There is even a pair with $TRUMP.
This is what the terminal looks like.
To make the trading process easier, we recommend enabling the "one-click trading" function to avoid multiple confirmations of requests. With minimal commissions (approximately 0.04%), you can quickly increase your trading volume with minimal costs. While there are few participants, you have a great opportunity to take a leading position in the rating.
Lifehack.
And now what we promised in the introduction, namely a life hack on how to farm points for the Electra Airdrop safely and without losses.
Advice: if you are not a professional trader, do not try your luck. It is better to open delta-neutral positions on other platforms. For example, if you opened a long position on Bitcoin on Electra, you can simultaneously open a short position on another exchange, such as Bybit, to hedge your trade and reduce the risks to zero.
It would be even smarter to hedge positions on other futures exchanges, where there are also point accrual programs. This way, you can participate in two programs at the same time! For example, the second season has recently started on Avantis, and you can earn XP in parallel. It is worth noting that Avantis is a worthy project supported by such major players as Pantera, Galaxy and Base Ecosystem Fund.
Conclusion.
So, if you are looking for ways to effectively manage your positions and minimize risks, using delta-neutral strategies across exchanges can be a great solution. This will help you not only reduce potential losses, but also increase your chances of successfully participating in several software offers at the same time. It is important to remember that each platform has its own characteristics and conditions, so it is necessary to carefully study the rules and requirements of each of them before making a final decision. Good luck with your trading!
