Introducing MYX Finance and $MYX Tokenomics
In 2024, MYX Finance has achieved remarkable milestones in just one year since launching our mainnet in February. We’ve reached nearly 200,000 cumulative trading addresses, with 3,460 MLP addresses and a Total Value Locked (TVL) of $10 million USD. Our trading volume has skyrocketed to an impressive $47 billion USD, and we’ve distributed over 60,955,200 $MYX through various campaigns to reward our amazing community. Our community continues to grow, with 37,764 users on Discord and over 180,000 followers on Twitter. To further boost our global presence, we’ve established ambassador teams in key regions like CIS, Vietnam.
Thanks to your incredible support, we’ve become the fastest-growing multi-chain Perpetual DEX and the largest DEX in the Linea ecosystem. We’re also excited to share that MYX Finance recently closed a $5 million strategic funding round, backed by top investors like FL Foundation, Woyong, D11 Labs, DWF Labs, HashKey Capital, and Meta Alpha.
It’s your support that fuels our growth and improvement! As we approach the upcoming Token Generation Event (TGE) and launch the $MYX token, MYX Finance is set to take a major step toward decentralization, empowering users to share in the potential value and future of MYX Finance!
$MYX — Connecting the MYX Ecosystem
At MYX Finance, our mission is to create a seamless, chain-abstracted liquidity layer for the decentralized world. Our MYX token ($MYX) is central to this vision, driving governance, rewards, and essential utilities in our ecosystem.
Launching $MYX isn’t just about introducing a new asset; it’s about empowering our community to take control of MYX Finance’s future. This token will enhance liquidity, optimize our MPM model, and enable us to roll out exciting new features. Together, we’re set to deliver a next-level on-chain trading experience for all MYXers. Let’s make it happen!
$MYX Distribution
The $MYX token plays a key role in the growth and success of MYX Finance. The distribution of $MYX has been carefully crafted to reward early supporters, ensure community participation, and empower investors for the long-term development of the ecosystem.
The total supply of $MYX is 1,000,000,000 tokens. Here’s how it is distributed：
- Community Reward — 45% | 450,000,000.00 $MYX
We’re excited to share that so far, we’ve distributed 60,955,200 $MYX in community rewards — about 13.55% of the total 450,000,000 $MYX set aside for you, our amazing community!
This allocation includes several exciting initiatives:
- Staking rewards for participants in the decentralized Keeper system;
- Airdrops for early adopters and active users;
- Exclusive up to 4% airdrops for BMYX token holders (This allocation will be distributed through dedicated campaigns and initiatives, ensuring that the $BMYX holders who supported us from the start receive the rewards they truly deserve);
- And long-term incentive programs to be deployed post-TGE.
2. Team and Advisor — 20% | 200,000,000.00 $MYX
20% of the total $MYX supply is allocated to the MYX Finance Team and Advisors, dedicated to supporting the long-term stability and development of MYX Finance. Following a 12-month lock period, this allocation will be unlocked gradually over the next 24 months, ensuring fair and sustainable growth for the team and the project.
3. Institutional Investors — 20% | 200,000,000.00 $MYX
20% of the total $MYX supply has been sold to institutional investors, helping to support the growth and stability of the MYX Finance ecosystem. This allocation will be unlocked over the next 18 months, following a 6-month lock period, to ensure institutional support aligns with the long-term vision of the project.
4. Initial Liquidity to Community — 10% | 100,000,000.00 $MYX
To ensure smooth price discovery and seamless trading, 10% of the $MYX supply will be allocated as liquidity for exchanges. This entire allocation will be unlocked at TGE to provide immediate liquidity for the community.
5. Reserve for Future — -5% | 50,000,000 MYX
5% of the total $MYX supply is reserved for future development, allocated via community voting to support long-term initiatives. These tokens will be available for strategic use, with no specific lock or vesting period.
The launch of the $MYX token is a huge moment for all of us, giving MYXers the power to shape our future. Thank you for your unwavering support. let’s keep this momentum going! Exciting times are ahead!
