Nado

Nado is a central-limit orderbook (CLOB) decentralized exchange running on Ink, the blockchain developed by the team behind Kraken. Unlike AM-based DEXs, Nado operates a full orderbook engine that merges spot and perpetual trading under a unified margin system, letting traders manage collateral dynamically across multiple positions from a single portfolio. The platform has confirmed that its points program converts to INK tokens at the Ink network's token generation event, currently expected around Q3 2026. Season 2 of the points program is live with open access—no invite code required. While no separate native token has been announced, Nado has confirmed the points-to-INK conversion path, making it one of the clearest airdrop opportunities on the Ink chain right now.

How to Participate in the Nado Airdrop

1. Prepare a wallet and bridge funds to Ink. You need ETH on the Ink network for gas fees and USDT0 as your primary trading and deposit asset. Use Rhino Bridge or another Ink-compatible bridge to move funds from Ethereum mainet. Keep a small ETH reserve for ongoing transaction costs.
2. Connect your wallet to Nado. Visit the Nado app and connect an EVM-compatible wallet such as MetaMask or Rabby. Season 2 is open to all users without a referral code, so you can register immediately.
3. Deposit USDT0 as collateral. Transfer USDT0 into your Nado account. The unified margin system means a single deposit backs all your spot and perp positions—no need to split funds across sub-accounts. Please verify the token approval amount; authorize only the specific amount required for the transaction.
4. Trade across spot and perpetual markets. Open positions to accumulate weekly points. The system rewards genuine market participation: trading, posting limit orders as a maker, and supporting liquidations all earn points. Avoid wash trading or self-matching, as these behaviors can reduce or zero out your weekly allocation.
5. Deposit into the NLP Vault. Supply USDT0 to the NLP vault. Points accrue based on your average proportional share during each weekly epoch. The vault also earns a cut of trading fees and liquidation proceeds, providing yield alongside the points accumulation. Please verify the token approval amount; authorize only the specific amount required for the transaction.
6. Use tokenized equities as collateral. Deposit xStocks like SPYx or QQQx to hold spot exposure to US equity markets while simultaneously trading crypto perpetuals. Nado evaluates spot balances, perp positions, and borrowed liabilities under a single portfolio margin, so tokenized equities (APLx, METAx, GOOGLx, TSLAx, NVDAx) double as productive collateral.
7. Refer active traders. Share your referral link from the Referrals page. Referal points only accrue when invited users actually trade, so the system tracks real usage rather than sign-up count alone.
8. Monitor your Trading Tier weekly. Check the points page for your current weekly points, ranking, and Trading Tier. Tiers range from Breeze at the lowest to Tornado at the highest. Higher tiers influence future NLP eligibility, so consistent weekly activity across multiple epochs matters more than a single large trading session.

Sustained strategy: Treat this as a multi-week commitment rather than a one-time deposit. Weekly point snapshots reward consistency. Rotate between trading, NLP deposits, and maker orders each epoch to diversify your point sources and maintain a rising Tier.

Potential Reward

Nado Points convert to INK tokens at the Ink network token generation event, expected around Q3 2026. The conversion has been confirmed by the team, but the exact formula and per-point INK value have not been published yet. Points accrue weekly from trading activity, NLP vault deposits, and referals. Season 1 balances, Trader Tier history, NFT multipliers, and referral relationships all carry forward into Season 2, meaning early participants retain their cumulative position.

Additionally, Nado previously airdropped the Templars of the Storm NFT collection to top users, which may signal further reward campaigns during Season 2.

Airdrop Requirements

• An EVM-compatible wallet (MetaMask, Rabby, or similar) connected to the Ink network.
• ETH on Ink for gas fees and USDT0 for trading and deposits.
• Active trading participation—points reward genuine activity, not idle capital.
• For the trading competition ROI contest: minimum $100 balance and $250,000 in trading volume during the event window.
• For the trading competition Volume contest: minimum $100 balance with no volume threshold beyond participation.
• No invite code needed for Season 2—open access for all users.

Latest Nado Airdrop Updates

Nado's second trading competition opens June 15, 2024 (14:00 UTC) through June 25 (13:59 UTC), splitting $100,000 across ROI and Volume leaderboards, while Season 2 of the points program continues with open access and xStocks now live as tradeable assets and collateral.

Risk

• TGE timeline uncertainty: The INK token generation event is estimated for Q3 2026, which is over a year away. Project direction, tokenomics, or conversion rates could change significantly before then.
• Conversion formula undisclosed: No per-point INK value has been published. Your accumulated points could convert at rate that underperforms expectations relative to the capital and gas spent.
• Smart contract risk: Depositing into the NLP vault and approving tokens exposes funds to smart contract vulnerabilities. Nado operates on Ink, a relatively new chain with less battle-tested infrastructure compared to Ethereum mainnet.
• Liquidation and leverage risk: Trading perpetuals with unified margin means adverse price moves can affect your entire portfolio, including spot collateral. Tokenized equity collateral adds cross-asset correlation risk.
• Point penalties: Wash trading or self-matching can reduce your weekly allocation to zero. Aggressive farming strategies that trigger detection could wipe out accumulated progress for that epoch.
• Bridge risk: Moving assets to Ink via third-party bridges introduces additional counterparty and technical risk.

FAQ

When will Nado Points convert to INK tokens?

Points are scheduled to convert at the Ink network token generation event, which is expected around Q3 2026. The exact conversion rate and distribution date have not been finalized and will be published before TGE.

Do I need to spend money to earn the Nado airdrop?

Signing up is free and Season 2 requires no invite code. However, earning meaningful points requires real capital—you need USDT0 to trade or deposit into the NLP vault, plus ETH on Ink for gas fees. There is no purely free path to accumulate significant points.

Does my Season 1 activity still count toward the airdrop?

Yes. Season 1 balances, Trader Tier history, NFT multipliers, and referral relationships all carry into Season 2. Early participation remains credited toward your total point accumulation.

[Data sources: airdrops.io source listing, Nado official website (app.nado.xyz), Nado Twitter (@nadoHQ)]