A recent on-chain perpetual contract project created by a former senior executive of a leading exchange has gained attention. The project is backed by well-known institutions, with the total locked value surpassing $200 million, currently in an early stage.

The main feature of the project is to encourage user participation through a points system. According to feedback, new users can earn hundreds of thousands of points by completing basic tasks, which can later be exchanged for airdrop tokens of the project. Compared to traditional financial derivatives, on-chain perpetual contracts offer more flexible trading mechanisms, and the points system design lowers the participation threshold for ordinary users.

For users interested in the DeFi derivatives sector, early-stage projects like this typically require close attention to their token distribution logic and liquidity design. Interested users can learn more about the detailed participation rules through official channels.