The airdrop season of Pear Protocol is scheduled from January 3 to April 3, 2025. User participation in this one-click, decentralized pairs trading platform is based on trading on the platform and earning NFTs. Pear Protocol traders can earn Soulbound NFTs by trading $5,000, $25,000, or $50,000 in volume. You can trade tokens in pairs by choosing one token too long and one too short with leverage.
This article explains in detail the Pear Protocol, the tokenomics and use cases of its b=native token $PEAR, and the ways to participate in its ongoing airdrop event.
What Is Pear Protocol?
Pear Protocol is a decentralized trading platform for cryptocurrency pair-trading. Pear Protocol ensures high-end risk management with the trading pairs consisting of one long and another short-positioned currency within a single on-chain transaction.
The Pear protocol reduces the risks associated with pair trading and increases its usability. If not carefully strategized, pair trading can result in convoluted portfolio management and intricate profit-and-loss calculations. The Pear Protocol automates the calculations, thus eliminating the possibility of manual errors. Moreover, its decentralized make eliminates the the custody and trust issues associated with centralized exchanges (CEXs).
Here are the technical features of the Pear Protocol.
- Simplicity: The simplicity of the Pear Protocol is marked by long and short-positioned currencies included in a single, consolidated transaction.
- Flexibility: Pear Protocol seamlessly integrates various on-chain liquidity sources and Decentralized Finance (DeFi) platforms to ensure flexibility of transactions.
- Scalability: An upcoming feature will assure scalability by focusing on cross-chain expansion to facilitate efficient and rapid trading in multiple ecosystems.
- Optionality: Traders can choose from different trading engines to cater to their needs to accommodate different trading pairs.
- Ease of Use: The user-friendly interface of Pear Protocol helps you make straightforward transactions with reduced manual interference, which, in turn, reduces the chances of errors.
What Is A $PEAR Token?
$PEAR token is an ERC-20-compliant token with a maximum supply of 1,000,000,000 tokens. It is a utility token that can also earn a passive income for its holders through staking. The ultimate onus of governing the Pear Protocol lies on the shoulders of the token holders.
The main utility of $PEAR tokens is detailed below.
- Establishment of the UK Limited Liability Development Company
- Pear Protocol, which is the decentralized front-end hosted by the community
- Pear DAO(Decentralized Autonomous Organization) which oversees all day-to-day governance of the protocol and protocol fees.
The allocation of the total supply of $PEAR tokens for various use cases is as per the following ratio.
- FJORD Participants: 10%
- Airdrop: 2.5%
- Early Supporters: 5.45%
- Private and Strategic Round: 13.91%
- Team and Advisors: 20%
- Liquidity Protocol: 4%
- Treasury: 44%
How to Participate in the Pear Protocol Airdrop?
Here are the steps to participate in the ongoing Pear Protocol airdrop and earn free $PEAR tokens.
- Visit the official airdrop page on the Pear Protocol website.
- Connect your wallet to the airdrops page.
- Fill your wallet with enough USDC and ETH to take care of the trading needs and payment of Ethereum gas fees.
- Start trading using either isolated margin or cross-margin modes
Traders can claim three kinds of NFTs based on their trading activity.
- NFT1: Pear Trad00r that can be used for a cumulative volume >$50,000.
- NFT2: Pear Quant that can be used for a cumulative volume >$100,000.
- NFT3: Hypear Bro that can be used by those who trade on http://intent.pear.garden.
The Bottom Line: Should You Invest in $PEAR Tokens?
$PEAR tokens will be a valuable investment if you are planning to leverage the benefits of pair-trading. You can augment your earnings by staking the $PEAR tokens you have collected. Staking of $PEAR tokens will help you earn 195.96% APR. Moreover, $PEAR tokens will make you eligible to govern the protocol and vote for major development decisions.
Therefore, you should make use of this airdrop event to gain as many $PEAR tokens as you can, stake them, and earn a passive income along with the right to govern the platform. Educate yourself about the use cases of the Pear Protocol and its native token $PEAR to efficiently plan your future in decentralized finance.
