The Road to The Order is Live!!! But where should I trade to earn my merits?
Gm everyone! Today marks a huge day in the history of Orderly Network, as we officially begin The Road to The Order campaign, which will end with the TGE for Orderly Network!
This event is an oppurtunity for traders to compete with each other and gain merits for their activity. Going on for at least 10 weeks, this campaign is a great oppurtunity to encourage traders to explore the entire Orderly Network broker ecosystem, some of which have their own points and early trader rewards available (to be discussed below).
In this article, I wanted to give a brief overview of the new DApp that will track all your activity and offer some tips and hints that might help you make the most points/rewards when you are trading with Orderly Network!
Orderly Network — The Road to The Order
A new DApp has been created for the event which will track your merit allocation and show where you currently sit on the leaderboard! This is live now and you can check it out here.
As you can see, this is a way to track what your current trading volume is and see the estimated merit allocation — with this however it is worth noting that the estimate will become more close to your true epoch allocation as each epoch progresses.
So if you trade first thing in the early hours of the morning when a new epoch starts and you see you have earnt 20% of the available merits for that epoch, just remember that this will likely decrease as more volume is traded through the epoch by other users!
Rules
On The Road to The Order DApp, you can also find the rules associated with the campaign which can be seen below:
As you can see, there are different tiers for traders — with the highest tier being “The Order”. We do not currently know what volumes are required to enter into different tiers, but as time progresses and I get a better understanding of the allocations and tiers I will be sure to update you all on my X/Twitter (CoolestG_123).
Another point to note is that the number of merits in each epoch is variable, so although epoch 1 has 2M merits up for grabs that is not to say that epoch 10 will have the same number of merits! If I were you, and you were primarily trading to gain exposure to the Orderly airdrop, then I would be sure to assess how the allocations vary each week and try to trade primarily in weeks with the highest merits on offer (although this will be a bit of a guessing game, as we won’t know until the start of the epoch!)
The First Riders
The current campaign does not track previous activity on Orderly Network powered platforms. Orderly Network has been live since the start of November 2023, so the team has made a conscious decision to reward early users seperately to this campaign under the “First Riders” group!
Although we do not know the details yet, I have faith that the Orderly team will remember those who first supported the platform and helped with it’s growth, and am hopeful that a sizeable allocation will be granted to the First Riders upon TGE!
Where to trade to get the most bang (or points) for your buck!
There are currently a number of options for where you can trade, each with their own attractive offers in place. To detail some of the events on offer currently at each broker:
WOOFi Pro
This is my personal port of call. WOOFi Pro was the first DEX to launch on Orderly Network and has established itself as the leader of the pack.
Currently, there is an ongoing Galxe campaign where users can earn NFTs based on the volumes they generate through WOOFi Pro, each of which may have a benefit in the future! 👀
LogX Pro
LogX Pro also has an ongoing Galxe campaign and activity on their platform will count towards your allocation of LogX tokens which are rumoured to be dropping very soon!
Although the value may be unknown currently, accruing these tokens may be a great way to earn some of your trading fees back through $LogX tokens!
EMDX
EMDX has an ongoing “Early Trader” event running until April 10th, where users can earn both fee rebates and $EMDX tokens!
$EMDX is a token that is currently on Avalanche, trading at ~$0.02, so if you trade $100,000 volume, you will incur $100 in fees (maker/taker is 0.1% on this platform), of which $50 will be reimbursed and then you have the $EMDX tokens on top that which you have earnt!
However, be aware that this offer is limited and only runs until 10th April so if you do intend to leverage this platform doing so during epoch 1 may make the most sense!
Bitoro
Bitoro also has an upcoming token launch for $BTORO, which you can earn a share of through trading on their platform. You can earn 1 $BTORO per trade and 1$BTORO per $100 of volume generated on their platform, so combining this with Orderly Network merits may be a good play!
Summary
As you can see, there are a lot of options for trading with Orderly Network and the benefit of Orderly’s new campaign is that regardless of where your volume is generated, you earn merits!
I hope you have found this article useful and if anyone does have further questions, then please feel free to reach out to me on X/Twitter (CoolestG_123) where I will be sure to help out!
Happy trading all and good luck on your quest for merits! I hope you are all rewarded well for your participation!
