Phoenix Exchange
Airdrop (Retrodrop)

🐦‍🔥 Phoenix has successfully secured $23.3M in funding from top-tier investors, including Paradigm and Electric Capital, positioning itself as a major player in the on-chain order book space. 

Many in the crypto community recall Jupiter’s highly rewarding airdrop, where users earned hundreds of dollars for minimal interaction. With Jupiter now preparing for its second snapshot, anticipation is growing for similar opportunities in other high-profile projects.  

All indications are that we may suffer the same fate with the Phoenix Airdrop. The project has substantial backing, and Paradigm, known for supporting generous airdrops, remains a key investor. Given these factors, Phoenix stands out as a project with strong fundamentals and a high probability of rewarding early adopters. 

Now, let’s dive into the activities that could position us for the much-anticipated Phoenix airdrop!

📖 Guide 📖

Since Phoenix is a DEX on Solana, we’ll need to set up a Solana wallet — for example, Phantom. After installing the wallet, fund it with SOL tokens. Then, visit the Phoenix website and connect your wallet by clicking the button in the top right corner.

On the platform, you’ll see various trading pairs. The SOL/USDC pair is the most liquid pair there, offering the lowest slippage..

On the right, you’ll find the trading interface. Select "SELL", choose a market order, enter the number of tokens you want to sell, and click "PLACE MARKET ORDER". Then, confirm the transaction in your wallet.

If the transaction is successful, you’ll see it recorded under the "My Trades" tab at the bottom of the page, including the trade volume.

Now that we have some USDC tokens, we can trade them for Ethereum. Switch to the WETH/USDC pair, select "BUY", and place a limit order. After entering the trade details, confirm the transaction.

❕Since it is a classic DEX, the main criterion for a Phoenix airdrop will likely be trading volume on the platform.

🍀 GL, astronauts! 🚀