(P1) Onchain.cc, a self-custodial trading terminal, has launched a points-based incentive program that could lead to a retroactive token airdrop for early participants. The platform, built by Latin American crypto exchange Bitso, is currently running its Colosseum Season 1 with a confirmed prize pool of over $300,000 in USDC.
(P2) While the Onchain.cc team has not officially confirmed a token, the platform's structure points toward rewarding early adopters. "The Colosseum points system, sessions, and seasonal leaderboards point toward a possible retroactive reward for early traders, similar to how other trading terminals have rewarded volume contributors before launching a token," according to airdrops.io.
(P3) The platform aggregates spot, memecoin, and perpetual futures markets across more than 14 chains, including Solana, Ethereum, Base, and Arbitrum. Perpetual futures run on Hyperliquid’s Layer 1, offering access to over 300 markets. Points are calculated based on trading volume, quest completion, social scoring from posts on X, and rank multipliers within the Colosseum competition.
(P4) The ongoing Season 1 offers immediate rewards, with weekly USDC payouts distributed to top traders on the session leaderboards. This provides a tangible incentive for participation, while traders also accumulate points that could determine their allocation in a potential future airdrop, positioning them for a dual benefit.
How to Farm the Potential Onchain.cc Airdrop
Participation is structured around an 8-step process designed to encourage platform engagement and trading activity.
- Visit Onchain.cc: Start by heading to the official terminal and selecting “Start trading.”
- Authenticate with Privy: Sign in using an email, Google account, or an external EVM wallet like MetaMask. Privy manages key management without taking custody of funds.
- Fund Your Wallets: Deposit USDC, SOL, or ETH into your generated Solana and EVM wallet addresses to begin trading.
- Place Your First Trade: Use the Degen Feed, contract address search, or the Discover tab to find a market. Points accrue automatically based on trade volume.
- Climb the Colosseum Leaderboard: Monitor the Colosseum tab for active sessions and Bonus Windows, which offer point multipliers (typically 2x or 3x) to accelerate ranking.
- Earn Points from X Posts: Connect your X account and tag @Onchaincc in posts about the platform. An AI scorer evaluates posts for quality and engagement, awarding points accordingly.
- Trade Perpetuals: Utilize the perps tab to trade on Hyperliquid's markets. This volume contributes to your Colosseum points just like spot trading.
- Stack Sessions and Refer Friends: Participate in weekly reset sessions, each with its own prize pool, and use your referral link to earn additional points.
Tips for Maximizing Allocation
To maximize potential rewards, traders should focus on a few key strategies. Trading during "Bonus Windows" is crucial, as the 2x or 3x multipliers significantly increase points earned from the same trading volume. Spreading activity across the week is also rewarded more than concentrating it on a single day. Finally, completing daily and weekly quests provides a low-effort way to add points and entries into prize pools.
This article is for informational purposes only and does not constitute investment advice.