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How Ouinex SocialFi Works

Please note: This article does not constitute investment advice. Laws governing crypto, derivatives, and other forms of trading and investments—as well as taxation—vary by region and are subject to change. You are responsible for complying with the laws in your jurisdiction. Ouinex’s services and offers, including those mentioned in this article—if any—may vary by location and are subject to change. All investments carry risk.

 

Ouinex takes the concept of SocialFi further by allowing users to farm crypto, not only by creating or sharing social content, but by performing trading and intellect quests. Learn to trade on demo and earn crypto as you go. Or tickle your brain cells and solve trading puzzles to earn.

Key Takeaways 

  • Ouinex SocialFi lets you earn crypto by performing quests/partaking in challenges
  • There are four kinds of quests: Social, Intellect, Referral, and Trading Quests
  • For each challenge you succeed with you're rewarded with NEX Points
  • At the end of each SocialFi campaign (usually lasting about 4-6 weeks) the NEX Points are converted to USDT
  • You can use your USDT to trade, stake, EARN, or withdraw and spend as you like
  • SocialFi is a way of rewarding the Ouinex community in a fun and rewarding way

 

What Is SocialFi? 

SocialFi is the concept of combining social with finance: Allowing people to earn tokens by sharing quality content on social networks. 

However, Ouinex has taken the concept of SocialFi further. With us you don't only earn when you share or create content about Ouinex, you can also take part in trading quests (both on demo and live), intellect quests, and referral quests to earn. 

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How Does Ouinex SocialFi Work? 

Every couple of weeks (usually 4-6 weeks) we set up a new SocialFi campaign. Each campaign comes with different challenges in your SocialFi dashboard. You can pick and choose which challenges you want to participate in and each task will have a set amount of NEX Points you can earn if you complete it. Some tasks remain throughout the campaign, others come with a time limit and we upload new ones all the time. 

At the end of each campaign, we exchange the NEX Points to crypto (USDT). The more points you have, the more USDT you get. As we have different pools set aside for different campaigns, the amount one NEX Point is worth will vary with each campaign. 

We also sometimes award other prizes to the top performers. You have to check the campaign that's currently live to see the details for what prizes (if any) we are giving away.

 

What Quests/Challenges Do You Offer on SocialFi?

You can choose from four kinds of quests. 

Social Quests

Like, share, and comment on Ouinex's social posts to earn. For more points, create your own content about Ouinex that you share on social media. You will find the different tasks to choose from on your SocialFi dashboard. 

Intellect Quests (Brain Teasers)

This is where it gets fun (we think): We post trading puzzles, riddles, and other little games on an almost daily basis on our social networks. If you solve them, you get points. You will find links to the relevant posts on your SocialFi dashboard on the Ouinex platform.

Trading Quests

Earn as you trade, both on demo and live. As demo is free, there's never a need to spend cash. Plus, you can learn to trade as you practice with demo...and earn crypto at the same time. Again, what you need to do to farm crypto can be found in your trading tasks on the SocialFi dashboard. 

Referral Quests

Once you sign up to Ouinex, you get a unique referral code for friends, family, and your extended network. You earn NEX points when referring...AND you earn 5% of the NEX Points of the person you referred. For life. And if they start using our Live trading platform and trade with a certain amount, you'll get a cash bonus, too. 

Pick your quests...or do them all. It's up to you. 

Watch the full tutorial below if you want to know exactly how Ouinex SocialFi works. 

 

Ouinex SocialFi Summed Up

SocialFi is a way of rewarding people who partake in the Ouinex community. You can earn crypto for free by partaking in social, intellect, referral, and trading quests. For each challenge you succeed with, you are rewarded with NEX Points. At the end of each SocialFi campaign (lasting, on average, about 4-6 weeks) the NEX Points are converted to USDT. You can withdraw the funds or trade with them on Ouinex. 

Get started with SocialFi now!

FAQs

Why does Ouinex offer SocialFi? 

It's a nice way of creating community involvement and spread the word about Ouinex. We're all about community, with a community model where the more people trade and stake with us, the lower everyone's fees gets (instead of us opting to sponsor sports stars, for example), to it also ties into that. Plus, we feel everyone should have a chance to trade and invest. There are people who don't have the funds for it. This is a way of allowing them to get the funds they need to trade, stake, and EARN. 

Do I need to do KYC to join SocialFi? 

No. We offer no-KYC trading with smaller amounts. However, if you start earning a lot of crypto and trading with us...earning more...you eventually have to do KYC to be able to trade with and withdraw larger amounts. 

When do I get my USDT?

Your NEX Points are converted to crypto (USDT) at the end of each campaign. A campaign usually lasts about 4-6 weeks. 

Is SocialFi a scam? 

No. Ouinex is a regulated CEX. 

How much crypto can I earn with Ouinex SocialFi? 

For each campaign there is a pool of USDT set aside. At the end of each campaign, the USDT is split amongst participants: Those who have the most NEX Points get the most crypto. There are often also other prizes for the top performers. There is no earning cap: You can participate in as many campaigns as you like. 

 

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