Ventuals Testnet Guide: Trade Pre-IPO Derivatives & Qualify for Airdrops
What Is Ventuals?
Ventuals is a decentralized derivatives platform that allows users to trade perpetual futures tied to the valuations of pre-IPO companies like OpenAI, SpaceX, and Kraken. It’s one of the first projects launched on Hyperliquid using the HIP-3 protocol, which enables permissionless perp markets.
Ventuals aims to democratize access to private equity by transforming off-chain valuation data into on-chain tradable assets. It’s currently live on Hyperliquid Testnet, with a potential airdrop for early users.
Why Participate?
- Potential Airdrop: Early testnet users may be rewarded retroactively with Ventuals tokens
- HYPE Token Eligibility: Activity on Ventuals may also count toward a future airdrop from Hyperliquid
- Low Competition: The testnet is new, so early users have a better chance of standing out
- No Real Funds Needed: All trading is done with mockUSDC
How to Join the Testnet
🔗 Step-by-Step Guide
- Visit the Platform
👉 https://testnet.ventuals.com/trade (https://testnet.ventuals.com/) - Create an Account
- Click “Log In”
- Sign up with your email or connect an EVM-compatible wallet (MetaMask, WalletConnect)
- A Privy wallet will be created for you automatically
- Receive Testnet Funds
- You’ll be credited with 1,000 mockUSDC for trading
- This is your margin balance on Ventuals
- Start Trading
- Choose a company (e.g., OpenAI, SpaceX, Kraken)
- Open long or short positions using up to 10x leverage
- Monitor market metrics like volume, open interest, and price movement
- Stay Active
- Trade regularly
- Explore different leverage settings
- Provide feedback if possible
- This activity may be tracked for future rewards
Available Markets
| Company | Symbol | Market Cap | 24H Change | Status |
|---|---|---|---|---|
| OpenAI | vOAI | $965.42B | +14.15% | Live |
| SpaceX | vSPACEX | $1.75T | +51.17% | Live |
| Kraken | vKRAKEN | $71.02B | −4.60% | Live |
| Stripe | vSTRIPE | — | — | Coming Soon |
| Anthropic | vANTHRPC | — | — | Coming Soon |
| Anduril | vANDRL | — | — | Coming Soon |
| Cursor | vCURSOR | — | — | Coming Soon |
Source: Ventuals Testnet Markets (https://testnet.ventuals.com/trade)
Ventuals Token: What to Expect
🔍 Current Status
- No token is live yet
- No presale or tokenomics have been announced
- The team has hinted at a future token and potential airdrop for active users
🎯 Likely Token Utility
While details are speculative, a future Ventuals token could be used for:
- Governance over new markets and platform upgrades
- Fee discounts or staking rewards
- Incentives for liquidity providers and traders
🪂 Airdrop Potential
- Users who trade actively on the testnet and provide feedback may be eligible for retroactive rewards
- Participation might also count toward a future HYPE token airdrop from Hyperliquid
Final Notes
- No token is live yet, but the team has hinted at future rewards for active testers
- Trading volume and feedback may influence eligibility
- Ventuals is pioneering a new asset class—pre-IPO derivatives—on-chain
