Leading decentralized spot and perpetual exchange KTX.Finance has recently applied for a 500,000 ARB (roughly equivalent to $980,000+) grant from Arbitrum. KTX plans to use the funds to slash trading fees, increase the rewards in its unique mini-games, offer extra perks to liquidity providers, and roll out incentives for other projects looking to integrate with its platform.

Through these strategies, the exchange aims to increase its daily trading volume to $15 million and its daily active users to 600. In alignment with Arbitrum's standards for data handling and transparency, KTX.Finance is committed to bi-weekly community updates and a comprehensive review at the end of the program.

The ultimate goal is to attract users from other blockchains while retaining existing traders and liquidity providers on Arbitrum. The grant will help them achieve their goal of becoming the top decentralized derivatives exchange while driving further adoption for the whole Arbitrum ecosystem.

As of March 2024, KTX.Finance has over 28,000 users, of which 3,000+ use the Arbitrum chain.

KTX also announced its first major trading event on Arbitrum called "KTX Probāre." Running from February 27th to March 11th, the event will subsidize a portion of trading fees and provide incentives for participants across two epochs. The total prize pool is over $60,000, allocated via fee rebates and open interest bonuses. 

Fee rebates are based on a user's proportional trading volume for the epoch. Meanwhile, open interest boosters are based on a user's average open interest over the epoch compared to the epoch average open interest.

KTX Probāre is KTX’s first major initiative on Arbitrum after previous success on BNB Chain and Mantle Network. It’s but the first of many of the platform’s plans to help lower barriers to decentralized trading. The team hopes to attract more activity by lowering costs and increasing rewards over the 2 week period. KTX token ($KTC) stakers will be able to gain up to 30% extra fee discounts during the event by staking their tokens.

Backed by a highly skilled team and geared up to fill a huge gap in the Southeast Asian crypto market, KTX aims to increase Web3 adoption through its innovative gamified approach to trading and staking. Unlike typical trading platforms, KTX allows its users to earn points and win prizes, making trading more engaging for all. 

Visit KTX.Finance to learn more and prepare your trading strategies to maximize rewards!

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