OmenX

Latest Update: OmenX Goes Live on Base Mainnet

OmenX, a prediction market platform built on Base, is now live on mainnet. Follow these steps to start trading:

1. Visit the OmenX events page and set up your account.
2. Fund your account using one of three methods: a connected crypto wallet, card payment, or direct transfer. If funding with crypto, you can buy ETH or USDC from Binance or bridge funds to Base using the Rhino.fi bridge.
3. Select the market you want to trade.
4. Choose your direction: go long if you expect the probability to rise, or go short if you expect it to fall.
5. Enter your position size and set your leverage if you’re using it.
6. Confirm the trade to open your position.

OmenX Points accrue from trading, campaign and event participation, and general platform activity, and can be redeemed for rewards once details are announced through official OmenX channels. Each user also gets a unique referral link that earns a percentage of the trading activity from anyone who signs up and trades through it.

How to Join the OmenX Testnet (Ended)

Step 1: Go to the OmenX Beta Platform

To connect a compatible Web3 wallet (MetaMask or WalletConnect), go to OmenX. Before you connect, make sure your wallet is set to the Base Sepolia network.

Step 2: Get your Testnet Money

Once you have signed in with your wallet, go to the Rewards Centre and claim 20 points for registering. Then click on ‘Get Trial Funds’ button. You need to redeem points to get trial funds and open leveraged positions. There are no real assets needed.

Step 3: Trade Leveraged Event Markets

You can open positions on real-world event markets, such as the outcomes of sports events, political events, crypto price changes, and more. To build up your trading volume and get the most points from market activity, actively enter and exit positions.

Step 4: Complete the Tasks in the Reward Center

Go to OmenX and click on the Reward Center. There, you can do tasks to earn more points. Tasks change, so check back often so you don’t miss out on chances that only last a short time.

Step 5: Share Your Referral Link with Friends

Get your referral link from the dashboard of the platform and send it to others. You get points for every qualified referral who signs up and uses the testnet. Points for referring someone are added to points for trading.

Step 6: Keep an Eye on Your Leaderboard Standing

You can see how many points you’ve earned and where you stand on the platform dashboard. Beta carryover from Alpha has been confirmed, so your current balance shows how far ahead you are of any future reward distributions.

Frequently Asked Questions

Has OmenX said for sure that there will be a token airdrop?

No, OmenX has not made an official announcement about a token or an airdrop. The active Points System and the fact that it carries over between testnet phases suggest that early activity is being tracked, but no distribution has been confirmed.

What is the OmenX Points System and how does it work?

You can earn points by trading on the testnet, doing tasks in the Reward Center, and bringing in new users. Alpha points have already moved to Beta, which shows that tracking is done over multiple phases.

What kind of blockchain does OmenX use?

OmenX is built on Base, which is an Ethereum Layer 2.

If OmenX launches a token, what will happen to my points?

There has been no official word on how or if points will turn into tokens. The carryover precedent shows that points are important, but the mechanics of distribution have not yet been made public. Early interaction is likely to be rewarded.

Conclusion

OmenX gives you a chance to earn points on the mainnet. If the team moves toward a token distribution, you will be in a good position if you already have a lot of points from trading, completing tasks in the Reward Center, and referring others.