Cambrian Launch,20 Million MYX Prepared for Distribution
MYX was crafted from the ground up with the goal of boosting capital efficiency to offer a superior trading experience for its community. MYX has successfully launched its mainnet on both Arbitrum and Linea, marking a new milestone for us. We fully recognize that our community is the cornerstone of MYX’s development.
We are proud to announce the MYX Project Origin Season 1 Cambrian Launch. In appreciation of user loyalty and active participation, we will distribute a total of 20 million MYX tokens. This event will last for 28 days, during which you can earn gems and share in the token rewards !
Trading Rewards
MYX will settle GEMs in real-time during the campaign based on the users’ cumulative trading volume in a tiered manner. The specific calculation method is as follows:
MLP Rewards
MYX will reward GEMs to LPs based on the average daily LP holdings during the campaign period, with rewards settled daily. The specific calculation method is as follows:
- Participants holding MLP in either BTC or ETH pairs are eligible for this campaign.
- Based on the daily average total holdings of each MLP trading pair, holders will receive 1 GEM daily for every 10 MLP held, with settlements occurring daily.
Fleet Rewards
MYX invites Key Opinion Leaders (KOLs) to create their own Fleets to secure more benefits, with rewards escalating with the Fleet’s level. Fleet members will also enjoy an additional 12% in settlement bonuses, as detailed below:
- Fleet leaders apply through an official link.
- Fleet members are capped at 50, with each address allowed to join only one Fleet.
- Any user, except Fleet leaders, can apply to join a Fleet by submitting their address to the Fleet Captain. Once joined, members cannot leave their current Fleet.
- Fleet levels are determined by the highest tier of total trading volume and total MLP held.
- Gem rewards for Fleet leaders will be distributed in a lump sum on settlement day.
Multiplier Bonus Rules
- Warm-up Incentive: From February 27 to March 2, completing a daily transaction volume of 10,000 USDC or holding 10,000 MLP counts as a sign-in. Accumulating 3 sign-in days grants an additional 10% GEM settlement bonus during the “Cambrian” campaign.
- BMYX Holders: Users eligible for the BMYX airdrop will receive a 20% GEM settlement bonus at the end of the campaign.
- Shell Bonus: Users eligible for the testnet Shell airdrop will receive a 15% GEM settlement bonus at the end of the campaign.
- Fleet Bonus: After joining a Fleet, members can enjoy additional GEM bonuses based on Fleet activity. Joining a Fleet grants an extra 12% GEM settlement bonus.
- All the above bonuses are cumulative. After the official start of the campaign, participants can check their real-time multiplier on the campaign page.
Distribution Method
At the end of the activity, the accumulated number of Gems obtained by users will be used to proportionally distribute the 20,000,000 MYX Tokens
Join our community to stay in the loop.
For collaboration: marketing@myx.finance
