Key Takeaways
- PERPTools has confirmed a future $PERP airdrop, with points earned before its planned late-Q4 2026 token launch converting into tokens.
- Season 2 began on October 2 with fresh point balances, adding spot trading alongside perpetual futures, AI agents and referrals.
- Farming requires trading capital, and users face fees, liquidation risk and an unknown final token allocation despite the confirmed airdrop.
Disclaimer: Crypto airdrops are promotional events in which tokens are distributed to existing cryptocurrency holders or individuals who meet certain criteria. While airdrops can be a way to acquire tokens at no cost, they also involve risks. There’s no guarantee that the airdropped tokens will increase in value, and there may be associated fees or requirements. Airdrops can also be susceptible to scams and phishing attempts. Always exercise caution and verify the legitimacy of any airdrop opportunity before participating.
The PERPTools airdrop is confirmed, and users can currently earn points toward a future distribution of the platform’s native $PERP token.
The project launched Season 2 on October 2, 2026, resetting active point balances and introducing spot trading as another way to earn rewards. Users can also participate through perpetual futures trading, AI agents and referrals.
According to the official PERPTools documentation, points accumulated before the token generation event (TGE) will convert proportionally into $PERP. However, the project has not announced the total token supply, airdrop allocation or exact conversion rate.
The TGE is currently targeted for late Q4 2026.
PERPTools is a self-custodial perpetual futures DEX developed by the team behind DEXTools.
The platform runs on Orderly Network’s shared order book, giving it access to liquidity across exchanges through the same infrastructure.
Instead of relying entirely on liquidity deposited on its own platform, PERPTools can execute trades against Orderly’s broader trading network. Its main products include the following:
- Perpetual DEX: A trading platform offering market and limit orders, margin trading and leverage of up to 100x.
- Spot trading: Token swaps between supported trading pairs.
- AI Arena: A platform where users can create automated trading agents or deposit funds into existing agents.
- Tap Prediction: A gamified product where users make short-term price predictions using platform points.
PERPTools also partners with DEXTools for discovery and distribution, connecting traders researching tokens with markets available on its exchange.
According to its official documentation, standard perpetual markets charge 0.01% maker fees and 0.046% taker fees.
PERPTools has raised $8 million across two funding rounds, supported by investors from the crypto trading, infrastructure and venture capital sectors.
The project initially raised $3 million in a pre-seed round at a $30 million fully diluted valuation (FDV). DEXTools Ventures and Orderly Network led that round.
A subsequent $5 million seed round valued the project at $80 million FDV, bringing in additional investors including BigBrain Holdings, NEAR, Animoca Brands, Sfermion and Shima Capital.
| Funding Round | Amount Raised | Valuation |
| Pre-seed | $3 million | $30 million FDV |
| Seed | $5 million | $80 million FDV |
| Total | $8 million | — |
Table 1. PERPTools Funding Rounds
The funding gives PERPTools additional resources to expand its trading infrastructure and AI products ahead of the planned token launch.
PERPTools has confirmed that points earned before TGE are intended to convert proportionally into its native $PERP token.
The project’s documentation also identifies a community and airdrop allocation as part of its planned token distribution. However, the exact percentage allocated to users has not yet been disclosed.
| PERPTools Airdrop Detail | Current Status |
| Native token | $PERP |
| Airdrop | Confirmed |
| Points conversion | Proportional allocation at TGE |
| Season 2 launch | October 2, 2026 |
| TGE target | Late Q4 2026 |
| Exact TGE date | Not announced |
| Airdrop allocation | Not announced |
| Token supply | Not announced |
| Conversion rate | Not announced |
| Network infrastructure | Orderly Network |
Table 2. PERPTools Airdrop and Token Details
The project’s published plan is to convert accumulated points into tokens at launch, but users cannot currently calculate how many $PERP tokens they will receive.
That will depend on the final tokenomics, total qualifying points and any rules published before distribution.
The PERPTools airdrop is tied to the platform’s points program. Season 2 began on October 2, with new point balances and additional opportunities to earn through spot trading.
The main qualifying activities identified in the campaign include the following:
- Perpetual futures trading
- Spot trading
- Maintaining open positions
- AI agent trading
- Depositing funds into AI agents
- Referring other traders
The points system ranks users based on activity relative to other participants rather than awarding a fixed number of points per dollar traded.
PERPTools has not published its complete scoring formula as of this writing.
Users can participate through the official trading platform. The steps below cover the main activities available during Season 2.
Connect Your Wallet
Visit the official PERPTools app, and click Connect Wallet and choose a supported wallet.
During the first connection, PERPTools requires a one-time onchain registration signature to create your trading account.
Review the wallet request before approving it, and confirm you are on the official website.
Deposit Funds
After connecting your wallet, select Deposit.
The campaign lists USDC, USDT and SOL among supported funding options, depending on the relevant wallet and product.
The platform does not state a minimum trading deposit or platform deposit fee, but network transaction fees may still apply.
For perps trading, deposited collateral supports your open positions and determines how much exposure you can maintain.
Only deposit funds you can afford to lose, especially when using leveraged trading products.
Trade Perpetual Futures
Open the trading terminal and choose an available perpetual market.
Users can place market or limit orders.
Trading volume and open interest both contribute to the points calculation, as the program considers not only completed trades but also qualifying open positions.
Standard trading fees are:
| Order Type | Trading Fee |
| Maker | 0.01% |
| Taker | 0.046% |
Table 3. PERPTools Standard Perpetual Trading Fees
For example, executing $10,000 in maker volume would incur approximately $1 in execution fees at the standard rate, compared with $4.60 for the same amount of taker volume.
These figures exclude funding payments, other applicable costs and potential trading losses.
Trading larger amounts solely to earn points can become expensive, especially when using market orders.
Earn Points Through Spot Trading
Season 2 introduced spot trading as another activity that contributes to points. Open the spot trading interface and choose a supported pair.
According to the campaign information, PERPTools currently charges 0% trading fees on spot swaps, making spot trading potentially less expensive than perps activity from an execution-fee perspective.
However, zero trading fees do not eliminate price volatility, spreads, slippage or network-related costs.
Users should also remember that the exact points weighting assigned to spot volume has not been publicly disclosed.
Participate in AI Arena
PERPTools also rewards eligible activity through its AI trading platform.
Open AI Arena using a supported Solana wallet.
Users can either create their own AI agent or deposit USDC into an existing one. To create an agent:
- Select the option to create a new trading agent.
- Configure its risk and leverage limits.
- Describe the trading strategy.
- Fund the agent using USDC.
Alternatively, users can review an existing agent’s performance, trading history and risk settings before depositing.
Both qualifying agent trading and deposits can contribute to points.
Do note that simply creating an unfunded agent does not earn rewards. The campaign also states that agent withdrawals cost 1 USDC and can take up to 24 hours to process.
Automated trading does not remove financial risk, as AI agents can still make losing trades or get liquidated.
Invite Other Traders
Open the Referral page and copy your personal referral link.
The current program provides two referral benefits:
- Points equivalent to 10% of the points earned by referred users.
- A base 10% share of their trading fees, paid in USDC.
Referral points are part of the wider weekly points system, while USDC commissions are a separate reward.
Referring inactive users does not necessarily generate rewards because qualifying platform activity determines earnings.
Check Your Points Every Friday
PERPTools distributes points on a weekly schedule.
Its published documentation describes a fixed pool of 1 million base points, distributed every Friday at 13:00 UTC among qualifying participants.
However, those documentation pages still refer to Season 1. An independent October 9 check of the Season 2 dashboard reported a weekly pool of 500,000 points.
The current live dashboard should therefore be used to confirm the actual Season 2 pool and distribution time rather than assuming the older 1 million-point figure remains unchanged.
After each distribution, open the Points page to review your allocation, rank and accumulated balance.
PERPTools uses a contribution-based scoring system. Under the published original program, a fixed weekly pool of 1 million points was divided among eligible participants.
The scoring considers multiple activity types, but the platform does not publish the exact weight assigned to each.
| Activity | How It Contributes |
| Perpetual trading | Trading volume and open interest |
| Spot trading | Eligible spot volume during Season 2 |
| AI agent trading | Qualified automated trades |
| AI agent deposits | Capital allocated to qualifying agents |
| Referrals | Share of qualifying referees’ points |
Table 4. PERPTools Points-Earning Activities
The difference between fixed-pool rewards and fixed rewards per action matters because if more traders compete for the same weekly pool, an individual user’s share may decline even as their personal activity increases.
A trader generating $10,000 in volume therefore cannot assume that volume will always produce the same number of points.
Other participants’ total activity influences the outcome.
PERPTools launched Season 2 on October 2, 2026, after its first points season concluded.
The new season introduced two notable changes.
Points Balances Were Reset
Season 1 balances were snapshotted and archived.
New and returning participants began Season 2 with fresh active points balances.
The project has indicated that archived Season 1 points may still count toward future rewards, including TGE-related distributions.
However, it has not disclosed how Season 1 and Season 2 points will be weighted against each other.
Spot Trading Now Earns Points
Season 2 expanded qualifying activity to include spot trades.
Previously, the main documented earning methods focused on perpetual trading, AI agents and referrals.
Spot trading offers another way to participate without opening leveraged perpetual futures positions.
However, the final points calculation remains undisclosed, so users cannot yet compare the exact reward efficiency of spot and perpetual trading.
PERPTools operates a separate ticket system alongside its points program. The two reward mechanisms serve different purposes.
| Feature | PERPTools Points | PERPTools Tickets |
| Main purpose | Future $PERP airdrop | Entries into funded-agent draws |
| Distribution | Weekly | Hourly |
| Token conversion | Planned at TGE | Not applicable |
| Transferable | No | No |
| Rewards | Future token allocation | Chance to win a funded AI agent |
Table 5. PERPTools Points Versus Tickets
Tickets can be earned through activities including trading, agent deposits and Tap Prediction.
You then use them to enter draws for funded AI trading agents.
According to the official Ticket System documentation, points and tickets operate under separate rules. Some activities can qualify for both, but do not confuse earning Tickets with earning additional $PERP allocation.
PERPTools currently targets late Q4 2026 for its TGE, but the project has not announced an exact launch date.
Its official token documentation states that accumulated pre-TGE points will convert proportionally into $PERP at launch. The final tokenomics paper is expected to disclose the following:
- Total $PERP supply
- Community and airdrop allocation
- Distribution percentages
- Vesting schedules
- Emission mechanics
What Will the PERP Token Be Used For?
The $PERP token is intended to support activity and governance across the PERPTools ecosystem.
The planned utilities include trading fee discounts, staking access, governance participation and access to advanced AI trading features.
Notably, staking $PERP may also offer higher rewards or point multipliers after the token launches. The official documentation identifies the following uses:
| $PERP Utility | Planned Function |
| Trading discounts | Reduced fees for token holders |
| Staking | Access to advanced AI Arena features |
| Governance | Voting on selected platform parameters |
| Ecosystem participation | Involvement in future platform incentives |
Table 6. Planned $PERP Token Utilities
The project has not disclosed final staking requirements, lock periods or token distribution percentages.
Although connecting a wallet does not necessarily require a trading deposit, the main points-earning activities involve trading or allocating capital to AI agents. Perps trading introduces several costs and risks, including:
- Maker and taker fees
- Funding payments
- Liquidation risk
- Market volatility
- Smart contract exposure
- AI agent trading losses
Spot trading currently offers a lower-fee alternative, but it still requires users to hold and trade assets.
Users should not assume that spending more on trading guarantees a larger or more valuable token allocation.
The most efficient approach depends on how PERPTools weighs each activity, which remains undisclosed. However, users can control several of their expenses.
Consider Maker Orders
Standard maker orders carry a 0.01% fee, compared with 0.046% for taker orders. Using maker orders where appropriate can reduce execution costs, although limit orders may not fill.
Compare Spot and Perpetual Trading
Spot trading currently has a stated 0% platform trading fee.
For users who do not need leveraged exposure, spot trading may carry less risk than opening perpetual futures positions solely to accumulate points.
However, spot trading still carries market risk and execution costs, but it is generally safer than futures trading.
Avoid Unnecessary Leverage
Higher leverage does not guarantee a proportionately higher points allocation. It does increase liquidation risk and can lead to rapid losses.
Review AI Agents Before Depositing
Users should examine an agent’s historical performance, risk settings and trading strategy before allocating USDC.
Past performance does not guarantee future results, particularly when an automated strategy encounters different market conditions.
PERPTools is worth considering for experienced traders who already trade on futures or want to explore automated trading strategies.
The confirmed points-to-$PERP conversion gives the campaign more clarity than speculative airdrops without announced tokens. Season 2 also provides a fresh opportunity to accumulate points, with spot trading offering another way to participate.
However, the final token allocation remains unknown, and users cannot currently calculate whether their trading expenses will be recovered through the airdrop. Leveraged positions and AI agents can also lose capital.
For users who do not normally trade derivatives, taking on extra risk solely for points may not be worth it. You can compare other confirmed and potential opportunities through our crypto airdrops page.
Frequently Asked Questions
Need a refresher? Here are the questions most readers ask about the PERPTools airdrop and Season 2 points program.
Is the PERPTools Airdrop Confirmed?
Yes. PERPTools has confirmed that points accumulated before TGE are intended to convert proportionally into $PERP tokens. However, the exact airdrop allocation and conversion rate have not been announced.
When Is the PERPTools Airdrop?
The project targets late Q4 2026 for its TGE, when the first points-based token distribution is planned. No exact date has been published.
How Do I Earn PERPTools Season 2 Points?
Users can earn points through perpetual futures trading, spot trading, AI agent activity, agent deposits and referrals. The final allocation depends on the project’s scoring system and other users’ activity.
What Happens to Season 1 Points?
Season 1 point balances were snapshotted and archived when Season 2 began on October 2. The team has indicated that archived points may count toward future rewards or the TGE, but their exact weighting has not been disclosed.
Is the PERPTools Airdrop Free?
No. Most qualifying activities require trading capital or deposits into AI agents. Perpetual trades incur fees and liquidation risk, while automated trading strategies can also lose money.
How Much Will One PERPTools Point Be Worth?
The value of one point is unknown. PERPTools has not published its final token supply, airdrop allocation or conversion formula, so users cannot accurately estimate the number or value of $PERP tokens they will receive.
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