X Drops Club FAQ
What is X Drops Club?
Earn rewards by trading eligible assets during the campaign period. The more you trade, the more you earn.
How does it works?
Step 1: Join the drop
Join X Drops Club during the campaign period.
Step 2: Trade to Earn
Earn a share of the total rewards by trading eligible pairs. The larger your eligible trading volume, the more rewards you earn.
Step 3: Receive your reward
Rewards are automatically deposited to you daily at the time of the next drop, based on your eligible trading volume.
Important: The calculation of your daily reward is based on your eligible trading volume accumulated from the time you join until just before the next drop.
FAQ
1. Who can join X Drops Club?
X Drops Club is open to Singapore customers who have successfully qualified as Accredited Investors. You must complete identity verification and Accredited Investor verification before joining an ongoing drop.
2. How do I join X Drops Club?
Log in to your OKX account, navigate to the OKX tab and click the Menu (top left button) → X Drops Club → Join.
On the campaign page, you will be able to view:
Your eligible trading volume
Estimated reward that you will receive in the next drop
3. How are X Drops Club rewards calculated?
Your daily reward = (Your Eligible Trading Volume ÷ Total Eligible Trading Volume of all participants) × Total daily reward
The calculation of your daily reward is based on your eligible trading volume accumulated from the time you join till before the next drop.
Example: Trading volume calculation | |
|---|---|
Day 1 Eligible trading volume | $10,000 |
Accumulated Eligible trading volume used for Day 1 rewards calculation | $10,000 |
Day 2 Eligible trading volume | $5,000 |
Accumulated Eligible trading volume used for Day 2 rewards calculation | $15,000 ($5,000 + $10,000) |
Each participant's daily reward may be capped, and the cap varies by campaign. Check the campaign page for the applicable daily reward cap.
Example: Application of daily reward cap | |
|---|---|
Total reward, over 10 days | 100 tokens |
Total daily reward | 10 tokens |
Per participant reward cap | 0.5 token |
Your eligible trading volume | $15,000 |
Total eligible trading volume | $150,000 |
Your reward, before reward cap | 1 token (15,000/150,000 × 10) |
Your reward, after reward cap | 0.5 token |
4. What is my eligible trading volume and which trades are eligible?
Your eligible trading volume is calculated from trading eligible crypto pairs during the campaign period. The following are excluded:
Trades with zero or negative fees
Trades between any 2 of the following tokens below (e.g. USDT/SGD)
SGD, USD, USDC, USDT, USDG, RLUSD, USAT, USDS, PYUSD
The campaign may also offer a multiplier on your trading volume when you trade specific crypto pairs.Check the main campaign page for more details.
Example: 3x volume multiplier for trading Token B | |
|---|---|
Eligible trading volume for Token A | $10,000 |
Eligible trading volume for Token B | $30,000 |
Eligible trading volume for Token B (3x volume multiplier) | $90,000 |
Total Eligible Trading volume | $100,000 ($10,000 + $90,000) |
5. Does derivatives trading volume count towards my eligible trading volume?
No. Derivatives trading volume does not count towards your eligible trading volume.
6. When will I receive my X Drops Club rewards?
Rewards are automatically deposited to you daily at the time of the next drop. Check the main campaign page for more details.