0xVDEX Tournament Boosts Referral Multiplier to 3x for $1 Million in Trading Volume

Participants in the 0xVDEX tournament, organized by xeet.ai, now have an enhanced opportunity to boost their competitive standing through an expanded referral program. The initiative, highlighted by crypto influencer Josh Ong, incentivizes users to refer new traders to the VDEX exchange, directly impacting their tournament performance.

The referral multiplier, previously offering a 2x bonus for generating $100,000 in referral trading volume, has been significantly upgraded. According to Ong, the program now extends to a 3x multiplier for those whose referrals collectively trade $1 million on the VDEX platform. This move aims to intensify user acquisition and trading activity on the exchange.

Josh Ong, a participant in the tournament, publicly shared his referral link, stating, > "If you want to stay competitive on the @0xVDEX tournament by @xeetdotai, you'll need to refer users who trade on their exchange." He emphasized the value proposition, adding, > "Add value, get rewarded," underscoring the direct correlation between referrals and competitive advantage.

0xVDEX operates as a decentralized exchange (DEX) built on the VDEX Chain, focusing on high-performance trading and liquidity. The platform positions itself as a robust environment for active traders, offering features designed for speed and efficiency. The tournament, powered by xeet.ai, serves as a strategic marketing tool to attract and retain users within the competitive decentralized finance (DeFi) landscape.

This enhanced referral structure suggests a strategic push by 0xVDEX and xeet.ai to rapidly scale their user base and trading volumes. By offering substantial multipliers, they aim to leverage their community to drive organic growth. Such incentive programs are common in the crypto space, often proving effective in fostering network effects and increasing platform adoption.