PopDEX fully opens, launching a weekly uncapped on-chain rolling prize pool for real traders.

October 19 - According to official sources, PopDEX has announced the official launch of its Open Beta, allowing users to trade on the platform without an invitation code. As a trader-centric decentralized perpetual contract trading platform, PopDEX was incubated and invested $30 million by Foresight Ventures, and is committed to providing real traders with an on-chain trading experience close to that of a CEX through lower net trading costs, a CLOB order book, transparent on-chain transactions, a unified account, and multi-asset markets.

At the same time, PopDEX has launched an on-chain trading lottery mechanism called MegaPop. The first-day prize pool was injected with 150,000 USDT by the team, and thereafter 40% of the platform's net trading fees will continuously flow into the prize pool; each week, the portion of the prize pool not won will automatically roll over to the next round, driving the prize pool to grow continuously without an upper limit as trading activity continues. Rewards are distributed weekly in stablecoins, recording users' trading credentials while users do not need to wait for points redemption or a future TGE.

Each MegaPop participation credential has an independent chance of winning, and small traders also have the opportunity to receive high-tier rewards. The draw results are generated based on public Bitcoin block data, making them open, transparent, and verifiable. During the first six weeks of the Open Beta, eligible trades can enjoy a 2x participation credential acceleration; when cumulative participation credentials reach 300,000, PopDEX will inject another 100,000 USDT into the pool.

Previously, during the Closed Beta phase, PopDEX completed six rounds of actual cash reward distributions and recorded over 4.5B+ in cumulative trading volume and an LP pool size of approximately 70M. The platform stated that MegaPop is the first long-term, public, and verifiable productized mechanism under its "100% Value Return" philosophy, and in the future it will continue to return value to real contributors through other mechanisms as well as rebates, community activities, and ecosystem incentives.