QFEX is a hybrid perpetual futures exchange for traditional assets (US equities, indices, commodities and FX). It operates 24/7 with an institutional-grade CLOB, external market makers, anti-HFT protections and USDC cross-margining, targeting the $100 billion traditional exchange and clearing industry.
As of November 2026, the QFEX crypto exchange hasnât announced an official token, points program or airdrop. Community speculation is driven by CEO Annanay Kapilaâs September 2026 essay, which argues that exchanges should airdrop unvested tokens to their earliest users, and by claims of an ongoing âSeason 0â, in which user activity isnât shown as points but is still tracked by the QFEX company.
QFEX hasnât confirmed an airdrop, points system, or token allocation yet. For now, the only way to position yourself is to use the platform. To start, sign up on QFEX (use a referral link from QFEXâs Twitter to get a 10% fee discount), complete KYC and deposit funds.
And youâre set! Now you can trade any of the 230+ perp markets, including stocks, indices, commodities, FX and pre-IPO contracts, and position yourself for a potential QFEX airdrop. There are two core strategies for building activity on QFEX startup:
đ„ Active farming strategy
Aim for steady weekly volume rather than one big spike. Hit the $100K taker threshold early in each Loss Refunds period, and register for every new week separately.
Spread your activity across asset classes, because QFEX crypto exchange weights its fee-tier âEffective Volumeâ: single stocks count 5x, commodities and indices 2x, and FX 1x. Trading stock perps is therefore the fastest way to climb fee tiers. Keep an eye on the founderâs âSeason 0â hints on X, as a points program may launch with little notice.
đ§ Passive farming strategy
If you prefer lower activity, trade with limit (maker) orders. Theyâre cheaper, and Tier 1 makers pay zero fees. Keep a modest balance on the exchange and use low leverage on less volatile markets like gold or the US 500 index, so you stay active without heavy liquidation risk.
You can also share your referral link to earn 30% of your direct referralsâ fees, plus 3% and 2% from the second and third levels. Referral activity may also count as an eligibility signal if a token launches. However, as of November 2026, you have to apply for a referral link by submitting your socials and projected volume.
Finally, you might want to join the weekly Loss Refunds Program in the Rewards Hub. To qualify, link your X account, deposit at least $100, and generate $100K+ in taker volume. If you end the week with a realized loss, you may be among the 20% of eligible traders randomly selected for a full refund of up to $2,000.
Good Luck!
Sign up on QFEX exchange using a referral link for a 10% fee discount (find on projectâs X), and complete the mandatory KYC.
Deposit at least $100 in USDC, USDT or via USD bank transfer, then open the Rewards Hub.
Register for the current weekly Loss Refunds period and link your X account. You need to register again for every new week.
Generate at least $100,000 in taker volume before the weekly period ends. Use low leverage to keep liquidation risk in check.
Apply for a personal referral link and, if approved, invite other users to join the platform.
If you end the week with a realized loss, you may be among the 20% of eligible traders randomly selected for a full refund of up to $2,000.