To celebrate the successful completion of the Cancun upgrade, MYX launched the 0-fee airdrop event "Cambrian Explosion". The event time is from 7:00 UTC on March 15 to 13:00 UTC on April 1. During the event, users can enjoy the limited-time zero handling fee privilege when trading on the mainnet. In addition, from the launch of the MYX mainnet to the launch of this "Cambrian Explosion", all transaction fees paid by users (excluding execution fees and GAS fees) will be fully refunded during the event.
In other words, currently, MYX is launching zero-fee trading activities. The main costs of transactions are execution fees and gas. With the Cancun upgrade, gas and execution have been significantly reduced by about 80%, basically costing zero. MYX Cambrian plans to issue 2,000 W tokens in 28 days, with an average daily distribution of 72W, calculated based on the use of 1WU principal and 20X leverage
● You can get 200,000 trading volume by completing the opening order, and GEM will get 20,000.
● Get another 200000U and 20000GEM by closing the position.
● A total of 40,000 points can be obtained for this draw operation.
● Based on the daily transaction volume of 50 million, a total of 140 million GEM will be distributed; 1GEM=0.14 MYX.
● 40000GEM can be exchanged for 5600MYX.
● Calculated based on FDV500 million, the single currency is estimated to be 0.5U; 5600*0.5U=2800U.
● The cost GAS fee and execution fee are around 1.1U, and the expected return rate is thousands of times, basically 0 cost, hurry up!
The following is an introduction to the MYX airdrop plan:
TL;DR
MYX officially launched an airdrop incentive program with a total amount of 200,000,000 tokens, codename: Origin. The plan will distribute 20% of the total token supply to community members and supporters through multiple rounds of incentive activities. From the beginning, MYX was designed to provide the trading community with a better trading experience by improving capital efficiency. The community is the root of everything in MYX. Therefore, in order to thank the early community supporters and to achieve the rapid development of the trading ecosystem, MYX has a special Launch of Project Origin.
The first phase of the "Origin Project" event "Cambrian" was launched at 13:00 UTC on March 4 and lasted for 28 days. A total of 20,000,000 MYX tokens were awarded through the retroactive airdrop of BMYX and Shells and the incentives of MYX mainnet products. The airdrop will be distributed to community users. The specific rules are as follows:
Mainnet product 20 million MYX incentive airdrop
During the event, MYX calculates GEM rewards based on each transaction and LP position of the user on the main network product, and settles the MYX airdrop amount through the number of GEM held by the user on the settlement day. The detailed rules are as follows:
Transaction incentives
MYX will settle GEM in real time in a tiered manner based on the user’s cumulative transaction volume during the event period. The specific calculation method is as shown in the table below:
LP incentives
MYX will settle GEM daily based on the user's daily average LP holdings during the event. The specific calculation method is as follows:
● Users can participate in this event regardless of whether they hold MLP of BTC trading pair or MLP of ETH trading pair;
● Based on the daily average sum of MLP holdings of each trading pair, 1GEM can be obtained per 10mlp per day, with daily settlement.
fleet rewards
MYX welcomes KOLs to form their own fleets to obtain more benefits, which will increase as the level of the fleet increases. Team members who join the fleet will also receive an additional 12% settlement bonus, as shown in the following table:
The operating rules of the fleet are as follows:
● Fleet Captain click on the official link to apply;
● The maximum number of people in the fleet is 50, and each address can only join one fleet;
● Any non-fleet captain user can sign up to join the fleet by submitting an address to the fleet captain. After joining the fleet, you cannot leave the current fleet;
● The fleet level is determined by the total transaction volume and the highest level of total LP pledged;
● Fleet Captain’s Gem rewards will be distributed in one go on the event settlement date.
Coefficient addition rules
○ Pre-heating incentives: From February 27th to March 2nd, if you complete a transaction volume of 10,000 USDC in a single day or hold 10,000 MLP, it will be regarded as signing in. If you sign in for 3 days in total, you will get an additional 10% GEM during the official event. Settlement bonus.
○ BMYX holders: Users with BMYX air investment qualifications will receive a 20% GEM settlement bonus at the end of the event.
○ Shell bonus: Users who are qualified to invest in the test network Shell will receive a 15% GEM settlement bonus at the end of the event.
○ Fleet bonus: After joining the fleet, fleet members can also enjoy GEM bonuses based on fleet activity. Users who join the fleet can get an additional 12% GEM settlement bonus.
○ All the above bonuses can be superimposed. After the official event starts, you can check your real-time coefficient on the event page
settlement rules
The decentralized derivatives protocol MYX is about to conduct airdrops in stages according to 20% of the total token supply. MYX not only rewards early supporters, but also provides active community members with the opportunity to obtain token rewards. Through this series of innovative incentives and acceleration mechanisms, MYX aims to deepen the participation of community members while promoting the development and prosperity of its ecosystem. We look forward to the positive response from community members and jointly promote the MYX protocol to new milestones.
MYX is a decentralized perpetual contract exchange that uses an original MPM mechanism to achieve 0-slippage trading and efficiently match long and short positions, making capital efficiency up to 125 times. It is committed to breaking through the capital efficiency bottleneck on the chain. Previously, MYX has received US$5 million in early stage financing, led by HongShan (formerly Sequoia China), Consensys, Hack VC, OKX Ventures, Foresight Ventures, Redpoint China, HashKey Capital, GSR Markets, Alti5, Leland Ventures, Cypher Capital, Bing Ventures, Lecca Ventures and others participated in the investment.
For more information, please click:
https://linktr.ee/myxfinance