BULK

BULK is a decentralized perpetuals exchange built on the Solana blockchain, engineered to provide centralized exchange-level trading speeds within a fully on-chain environment. To achieve this, the platform utilizes a custom execution layer integrated directly with Solana validators alongside an ultra-low latency orderbook, catering to traders seeking leveraged crypto derivatives without sacrificing self-custody or censorship resistance. The project successfully secured an $8 million seed funding round in September 2025, which was co-led by Robot Ventures and 6th Man Ventures. Other notable backers include Wintermute Ventures, Mirana Ventures, and Chapter One, alongside angel investment from Solana co-founder Anatoly Yakovenko. A co-founder of the platform has officially confirmed via X that 30% of the total token supply will be distributed to users through an upcoming airdrop. Currently, the platform is live on testnet, with its mainnet launch expected at a later unconfirmed date.

How to Participate in the BULK Airdrop

To position yourself for the confirmed token distribution, you can engage with both the live testnet and the active Season 1 pre-deposit initiative by following these steps:

1. Participate in Season 1 Pre-Deposits: Navigate to the pre-deposit portal and deposit Solana-based USDC. Please verify the token approval amount; authorize only the specific amount required for the transaction. Deposited funds can be withdrawn at any time and will automatically convert into usable trading margin once the mainnet launches. Weekly AURA distributions began on Saturday, June 6th, and are calculated based on the total amount of USDC held multiplied by the duration it remains in the portal.
2. Access the Testnet: Open the BULK testnet interface and click the wallet connection option located in the top-right corner.
3. Connect a Solana Wallet: Connect a compatible Solana wallet, such as Phantom, and approve the connection request to gain entry to the exchange dashboard.
4. Link Your Social Account: Connect your X account when prompted during the leaderboard onboarding flow to tie your social identity to your on-chain trading behavior.
5. Acquire Testnet Capital: Utilize the built-in application faucet to mint testnet USDC and other collateral assets. These tokens possess no real-world value and are meant solely for platform evaluation.
6. Execute Perpetual Trades: Open Long and Short positions across the available perpetual markets. The leaderboard rewards users based on Cashflow ROI from realized trades, meaning you should prioritize closing profitable positions rather than generating raw, unprofitable trading volume. Maintain consistent activity across multiple competition cycles to establish a reliable history.
7. Stake SOL Assets: Visit the staking module and choose between two paths: liquid stake your SOL to receive transferable BulkSOL tokens that earn yield, or natively delegate your SOL directly to the BULK validator. Staking natively to the protocol's validator is highlighted as a more efficient path to accumulate Aura.
8. Leverage Referrals: Retrieve your unique referral code from the Pre-Deposit Dashboard. You will earn 1 AURA for every eligible $100 deposited by users who sign up through your link.
9. Join the Community and Provide Feedback: Join the official BULK Discord server to keep track of upcoming trading competition announcements, risk engine updates, and margin mode rollouts. Test new features as they ship and submit bugs or UI feedback in the designated channels. Active contributors may also secure specific community roles like OG or Contributor.

Potential Reward

A co-founder of the project has officially confirmed that 30% of the total BULK token supply is dedicated to user allocations via the airdrop. Additionally, users participating in the pre-deposit phase receive a weekly allocation from a pool of 1 million AURA rewards, which are distributed based on the volume and duration of their USDC deposits. A retroactive initial AURA allocation has also been distributed to ecosystem participants, including historical stakers, BulkSOL holders, Alphanet/Testnet Trading Competition participants, and users of Exponent Finance, Loopscale, and Project0.

Airdrop Requirements

While the exact snapshot date, official eligibility criteria, and points-to-token conversion formulas have not yet been published by the team, the historical and ongoing requirements for building allocation weight include:

• Depositing Solana USDC into the Season 1 pre-deposit contract.
• Achieving a positive Cashflow ROI on closed trades during testnet trading competitions.
• Staking SOL natively to the BULK validator or utilizing liquid staking for BulkSOL.
• Linking a verified X account to the testnet leaderboard.
• Maintaining active platform usage and submitting developmental feedback during the testnet phase.

Latest BULK Airdrop Updates

BULK has officially launched its Season 1 pre-deposits, distributing 1 million AURA rewards each week to Solana USDC depositors until the platform goes live on mainnet.

Risk

The primary risks center around smart contract vulnerabilities within the pre-deposit portal and the custom execution layer, as real Solana USDC must be locked into the protocol to earn the weekly AURA distribution. Furthermore, because the mainnet launch date remains unconfirmed, user capital deposited into the pre-deposit system could face prolonged lockup periods before converting into active trading margin, exposing assets to opportunity costs. Users must also manage standard wallet security risks when interacting with testnet faucets and connecting to web3 interfaces.

FAQ

Has the BULK token and airdrop been officially confirmed?

Yes, a BULK co-founder confirmed via X that 30% of the token supply is allocated for the user airdrop, though the precise eligibility criteria and snapshot schedule remain unpublished.

Can I participate in the BULK testnet for free?

Yes, the perpetual trading platform runs on testnet tokens obtained freely from an in-app faucet, meaning trading activity incurs no real asset costs aside from minor Solana network gas fees; however, participating in the pre-deposit or staking programs requires real USDC and SOL assets.

When will the BULK mainnet go live?

As of mid-2026, the project is operating exclusively in a testnet environment with no firm mainnet launch date announced, as the team continues development on core risk engines and margin modes.

[Data sources: official website / source JSON / project social links]