About Airdrop
Blackhole is a decentralized exchange (DEX) built on Avalanche, designed to support Web3 growth through sustainable liquidity and active community participation. It acts as a specialized hub where emerging projects, especially in gaming and AI, can launch and scale through meaningful DeFi incentives.
At its core, Blackhole introduces Genesis Pools, a novel system that allows projects and users to co-fund liquidity before a token generation event. Projects contribute their native tokens, while users supply paired assets like AVAX. This shared model jumpstarts liquidity and brings early user engagement.
Blackhole strengthens long-term value through an advanced vote-escrow tokenomics model. It offers two unique veNFTs: Singularity and Supermassive. Supermassive veNFTs require burning $BLACK tokens, creating permanent supply reduction. The protocol follows a decaying emissions schedule, rewarding long-term participation. In addition, team and partner allocations are burned or permanently locked, which removes sell pressure and builds trust.
Beyond liquidity, Blackhole includes an open incentives marketplace. Here, partners deposit weekly rewards to influence veNFT voter behavior, directing incentives to their pools. This aligns strategic goals with community governance.
Blackhole simplifies onboarding through Agglayer, ensuring seamless access. With ZK proofs, users can exit the chain quickly and securely. Backed by Avalanche, the project offers a powerful framework for transparent, community-led growth.
To reward early contributors, Blackhole launched a testnet campaign. By swapping tokens, adding liquidity, locking assets, and voting, users can qualify for a potential $BLACK token airdrop. Participation now secures a place in the next evolution of decentralized trading.
Follow our complete and simple step-by-step guide to participate!
Step-by-step guide
- Visit the Official Testnet site and connect your wallet.
- Go to the Blackhole testnet site and connect your MetaMask wallet.
- Allow it to auto-switch to Avalanche Fuji testnet.
- Get Test Tokens
- Request $BLACK from the official Discord faucet.
- Request $AVAX from the Avalanche Fuji faucet to cover gas.
- Start swapping test tokens Allow BLACK.
- Provide liquidity to one or more pools on the platform.
- Go to the Lock tab, click Create Lock, and lock a portion of your tokens to receive veNFTs.
- Use your veNFTs to participate in governance voting through the Vote tab.
- Deposit to Genesis Pool
- Go to the Genesis Pool tab and deposit liquidity.
- You’ll receive LP tokens that earn passive rewards.
- Swap different tokens, provide liquidity to various pools, and repeat the cycle.
- Report bugs or feedback in the Discord support channel to increase eligibility.