How Xodex Acquired 1,217 Token Holders with a 79% CPA Reduction on Blockchain-Ads

Acquire high-value token holders and drive node license sales to grow token price
Xodex is a Layer 1 blockchain designed to eliminate gas fees and deliver high-speed transactions across its native ecosystem. The network initiated a node license sale featuring tiered pricing that increases every ten licenses sold, and offering $25 daily rewards for operators. Xodex ran a 60-day paid campaign on Blockchain-Ads to expand its token holder base, boost license sales, and create ongoing buying pressure on the token.
A note on attribution: Xodex's paid acquisition on Blockchain-Ads is managed through affiliate partners, each running independently with their own market focus and creative approach. This case study covers one such campaign and reflects what Blockchain-Ads can deliver for Xodex-aligned partners across Southeast Asia, Eastern Europe, and Latin America.
Xodex needed to reach crypto-native investors who would purchase node licenses and hold tokens for the long term, rather than casual buyers attracted by short-term price speculation. Three obstacles defined what that required:
Xodex needed a platform that could reach DeFi Protocol Users and Token Swappers through verified behavioural signals. It also required the ability to deliver node license and scarcity messaging in environments where those signals carried immediate relevance. Blockchain-Ads provided that through four capabilities:
The campaign launched across DeFi Protocol Users, Token Swappers, and Investing and Wealth Management interest segments simultaneously. Six creative angles entered the market:
All angles ran at equal weight to generate baseline performance signal. Opening CPA sat at $200 across 24 conversions as the algorithm established performance data across the new channel.
DeFi Protocol Users outperformed Token Swappers and interest-based segments on node license purchase conversion. This confirmed that verified DeFi activity was the strongest predictor of willingness to purchase infrastructure-layer products. The scarcity and price mechanic angles drove the strongest engagement. The 39 sold, only 11 left and price increases every 10 sold creatives produced the highest click-to-purchase rates among users familiar with on-chain supply dynamics. Three additional creative angles entered the rotation:
CPA fell from $200 to $98, a 51% reduction, with 219 conversions delivered across the phase.
The final phase concentrated spend behind DeFi Protocol Users and the scarcity and price mechanic angles as the primary conversion drivers. Retargeting activated against users who had engaged with Phase 1 and 2 creatives but had not yet purchased a node license. It used the limited sale and daily rewards angles to close the conversion gap. CPA compressed from $98 to $42, a further 57% reduction. 974 of the campaign's 1,217 total conversions were delivered in Month 2.
The 60-day campaign closed with:
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