How to earn money by playing the DEX Rookie MYX airdrop event?

In addition to the sharp rise in Bitcoin prices recently, the core of the narrative in the crypto industry revolves around airdrops. This may be the AirDrop Summer that can bring huge wealth effects after DeFi Summer.

Previously, Solana came out of the trough, and its market value climbed to the fifth place among crypto assets. This was due to the airdrop expectations of its ecological project. The Solana ecological project, created in the last round of DeFi Summer, is airdropping tokens to the community. For example, Jito airdropped tokens worth more than US$200 million to the community, and Jupiter airdropped tokens worth more than US$700 million to millions of addresses, and both have been listed on leading platforms such as Binance and OKX.

By buying tokens to participate in the ecology, you can not only gain income from token increases, but also have the opportunity to enjoy ecological project airdrops. This is the new investment logic expectation under today’s narrative. Under the new narrative, not only Solana is the beneficiary, modularization, L2, re-staking and other tracks have also gained a lot of attention due to airdrops.

In addition, paying attention to projects with good backgrounds, large track dividends, and unissued tokens are also new wealth opportunities.

The decentralized sustainable trading platform MYX announced the recent launch of the "Origin Plan" airdrop of 20% of tokens, which has become the focus of market attention.

Reshape the transaction process

Unlike many projects, MYX gained from traditional A $5 million investment from top institutions in the industry and crypto industry, with a valuation of $50 million. HongShan (formerly Sequoia China) led the investment, with participation from Consensys, Hack VC, OKX Ventures, Redpoint China, HashKey Capital, Foresight Ventures, GSR Markets, Alti5, Leland Ventures, Cypher Capital, Bing Ventures, and Lecca Ventures.

In today's extremely competitive world of decentralized trading platforms, MYX's ability to obtain investment from well-known top institutions stems from its understanding of transactions and its ability to Reconstruction of the entire transaction process.

MYX proposed the Matching Pool Mechanism (MPM) mechanism, which can achieve zero slippage trading and efficiently match long and short positions. In traditional decentralized trading platforms, LPs directly bear counterparty risks on both long and short sides, and each transaction occupies a certain amount of liquidity. Under the MPM mechanism, LP will serve as a short-term passive trading position. When the system matches long and short traders, the exposure will be quickly released, thereby improving the liquidity and capital efficiency of LP.

In addition to the MPM mechanism, MYX also launched the MLP income swap fund to redefine the role of liquidity provider. MLP funds will connect market makers and users, providing market makers with a new fundraising channel. At the same time, users can also obtain stable income. An MLP fund is essentially an unlevered vehicle and has no risk of bankruptcy. It can be combined with third-party protocols such as lending and staking in the DeFi ecosystem to introduce leverage or create synthetic assets, thereby providing users with more diversified investment strategies and the possibility of increasing returns.

With the subsequent improvement of blockchain interoperability and the optimization of cross-chain technology, MLP funds will become an important part of the DeFi ecosystem. The high capital liquidity of MLP funds will boost the development of DeFi, and users of participating MLP funds will receive more potential benefits.

After completing the design of transactions and liquidity, MYX began to focus on how to empower token holders and LP pledgers. To this end, MYX introduces the decentralized component "Keeper System". Users can obtain token rewards and share transaction fees through the Keeper system, and users also have greater participation in the protocol, which helps to improve the decentralization and sustainability of the entire platform.

After the MLP fund is combined with the Keeper system, the LP value of MYX will far exceed that of other decentralized trading platforms.

MYX’s opening FDV may exceed US$500 million

Compared with MYX’s innovative mechanism , most users are obviously more concerned about the valuation of MYX.

Previously, MYX was valued at US$50 million when it was first raised, including many top institutions. At 10x earnings, MYX could open at $500 million in FDV. Of course, this calculation method cannot accurately measure current market sentiment and project value. For this purpose, projects that have recently been launched on OKX Jumpstart and Binance Launchpool can be used as targets for comparison.

In the past month, OKX Jumpstart has launched three projects, DMAIL, ZETA, and GPT. Binance has listed 5 projects, XAI, MANTA, ALT, PIXEL, PORTAL;

According to statistics, based on the opening price, the FDV of most projects is 5,000 Ten thousand U.S. dollars. However, this price is generally the lowest price of the project, and it is generally difficult for investors to buy at this price. If calculated based on the highest opening price, FDV can generally reach $3 billion. Of course, this also depends on the platform on which the project is launched. As far as the current data is concerned, the FDV of projects listed on Binance is generally higher.

By combining the background of investment institutions and the current situation from MYX Judging from the market sentiment, it is a high probability that FDV will reach US$500 million after MYX is launched on the trading platform. If liquidity is low in the early stage, FDV may also exceed US$2 billion and enter the US$3 billion range. This shows that the unit price of MYX may reach US$0.5 after it is launched, with a maximum probability of exceeding US$3.

Continuous 28 sky bets, how to participate to maximize profits

After completing the investment in MYX After valuation, you can better calculate how to participate in the "Origin Project" airdrop to obtain higher returns.

The first phase of the Origin Project event "Cambrian" was launched on March 4 and lasted for 28 days, with a total of 25.5 million MYX airdropped.

The retroactive airdrop in the "Cambrian" event, totaling 5.5 million MYX, is mainly airdropped to BMYX holders and early users who participated in the test network points . Previously, the MYX testnet had attracted 60,000 users to participate.

The remaining 20 million MYX will be used for mainnet incentive airdrops, and GEM rewards will be calculated based on each user’s transaction and LP holdings on mainnet products. . Early testnet users and BMYX holders can also enjoy GEM settlement bonuses. The number of GEM will determine the final amount of MYX airdrop received.

If you are a new MYX user, the easiest way to obtain GEM without bonus bonus is to trade. Without considering transaction losses, the main cost of transactions is transaction fees, of which Taker fees are 0.06% and Maker fees are 0.04%. However, if you are conducting a transaction that balances long and short positions, whether it is a market order or a current price order, you will enjoy the Maker fee. Otherwise, it will be regarded as a Taker order and the Taker rate will be paid. It is currently within one month after the mainnet goes online, so all users enjoy a one-month Tier3 discount, with Taker fees of 0.04% and Maker fees of 0.02%.

When the user’s trading volume is within 5 million USDC, the GEM cost is the lowest, and one GEM can be obtained for every 10 USDC trading volume. This also means that GEM costs as little as 0.002 USDC and as high as 0.004 USDC. Of course, after adding the settlement bonus, the GEM cost for some users will be less than 0.002 USDC. However, users need to pay an execution fee of 0.001 ETH for each transaction, and all execution fees are used for the execution of the contract. If the single opening volume is large enough, the contract execution fee will be negligible. However, when conducting small transactions, they need to be included in cost calculations.

For users who do not want to participate in trading, they can also choose to hold MLP of BTC trading pairs or MLP of ETH trading pairs. The system will calculate the MLP holdings of each trading pair based on the daily average In total, you can get 1GEM every day for every 10 MLP. This method has lower cost and higher stability, so it is recommended for prudent investors.

Users can also choose to join the fleet created by KOL. After joining the fleet, they can get an additional 12% settlement bonus.

Assuming a daily transaction volume of 100 million, the activity duration is 28 days, the transaction volume is 2.8 billion, and the points issued are 280 million. One point is equal to 0.071 tokens. If you open 10 times more of 1000u, you can get 1000 points, the handling fee + GAS is 8.8u, and 1000 points can be exchanged for 71 tokens. OKX + red shirt investment, there is basically no problem in getting on OKX. The market value of OKX new coins is normally around 100 million US dollars, the normal circulation is 20%, the opening token price is 0.5u, 71*0.5=35.5u, and the return rate is 403 %. Of course, fluctuations in MYX prices may lead to changes in calculated profits, so transactions need to be dynamically adjusted based on actual conditions and activity details.

Currently, MYX has been launched on the Arbitrum and Linea mainnets. Users can trade on the mainnets/hold MLP or join the fleet to invite team members to obtain deterministic airdrops. excitation. In addition, MYX's TGE time is expected to be around June, with higher returns and a shorter return cycle. In addition, MYX will continue to innovate and bring more substantial incentives to community users.