OKX is offering 34,000 NEO tokens, valued at over US $70,000, through its X Drops Club rewards program. The exchange announced the campaign on June 10, making it available to eligible users who hold $10,000 or more in crypto assets on the platform.
How X Drops works
X Drops Club is an OKX rewards program that distributes selected tokens to users who maintain qualifying crypto balances in their funding or trading accounts. Participants must complete advanced identity verification and opt into individual campaigns through the X Drops landing page.
Rewards accrue daily based on portfolio snapshots taken between 11:00 p.m. and 12:00 a.m. (UTC). Each user’s share is calculated as their eligible crypto balance, divided by the total eligible balance of all participants, multiplied by the daily reward pool. Distributions are credited automatically to users’ funding accounts. Fiat currencies and stablecoins such as USDC and USDT do not count toward the qualifying balance threshold.
OKX, Neo partnership history
OKX has an existing relationship with the Neo ecosystem through several collaborative initiatives. The exchange served as a strategic partner for the Neo APAC Hackathon, which spanned five Asian cities and offered more than US $1.1 million in prizes and funding. OKX Ventures has also appeared alongside Neo as a co-sponsor at BeWater’s AI x Crypto hackathon.
The OKX announcement can be found at the link below:
https://x.com/okx/status/2064842523798122527
About The Author: Dean Jeffs
Dean is a digital project manager who has worked extensively with start ups and agencies in the marketing space. Fascinated by the potential applications of blockchain technology, Dean has a passion for realising the new smart economy.
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