Phoenix is a decentralized limit order book on Solana, supporting markets for spot assets. Phoenix has an instant settlement. Unlike existing order books on Solana, Phoenix doesn't require an asynchronous crank to settle trades.

Phoenix doesn’t have its token nor have they hinted at launching one but there’s a possibility that they launch one in the future. Users who trade on the platform may get an airdrop if they ever plan to launch one.

Step-by-Step Guide:

  1. Visit the Phoenix website.

  2. Click on “Start trading”.

  3. Now, connect your Solana wallet.

  4. You will need some SOL or other supported tokens to trade. You can get them on Binance.

  5. Now, make trades on the platform.

  6. They currently don’t have their token, but they could also launch their token in the future and do an airdrop for early users who’ve made trades.

  7. Please note that there is no guarantee that they will do an airdrop to early users or launch their token. It’s only speculation.

Airdrops can be a great way to get free cryptocurrency!

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