MYX Project Origin is Set to Launch Soon

MYX was crafted from the ground up with the goal of boosting capital efficiency to offer a superior trading experience for its community. The community stands at the core of MYX’s ethos. Thus, in a gesture of appreciation for the early backers and to expedite the growth of the trading ecosystem, MYX is rolling out an airdrop incentive scheme, dubbed “Origin.” This initiative is set to distribute 20% of its tokens, totaling 200,000,000 tokens, to its community members and supporters across several incentive campaigns.

The project origin’s first campaign, “Cambrian”, is set to launch on March 4th and will continue for 28 days. A total of 25,500,000 MYX tokens will be distributed to community users through retrospective airdrops of BMYX and Shells, in addition to incentivized airdrops associated with MYX’s mainnet products. The specific rules are as follows:

Part I. BMYX Holding Airdrop and Incentive: 3,000,000 MYX

BMYX is a narrative inscription token launched on the BTC network by the MYX project. To reward its holders. MYX will distribute an airdrop of 3,000,000 MYX tokens, which represents 0.3% of the total token supply. Moreover, BMYX holders will benefit from an additional bonus during the campaign, receiving a one-time extra 20% Gem settlement on the final day of the event. The specific airdrop rules include:

• Participants need to prove ownership of their BTC and ETH wallets with signatures to confirm their eligibility for the airdrop. Further details will be announced;
• MYX will airdrop MYX tokens to confirmed BMYX holders at a ratio of 1 BMYX to 0.03 MYX.
• At the Token Generation Event, recipients will immediately access 50% of the airdropped tokens, with the remaining 50% unlockable based on their level of participation in the campaign. Unlocking 1 MYX token from the airdrop requires earning 2 Gems, and any portion not unlocked by the end of the activity will be reclaimed;
• Besides the benefits from Season 1 campaign, BMYX holders will receive additional rights or benefits in the future, enjoying continuous empowerment from MYX.

Part II. Testnet Shells Retrospective Airdrop and Incentive: 2,500,000 MYX

Shells, points issued by MYX during the testnet phase to acknowledge early community supporters' contributions, will now see a retrospective airdrop of 2,500,000 MYX tokens, accounting for 0.25% of the total token supply. The Shells airdrop will be based on a snapshot of Shells holdings, with the following rules:

• Users need to complete a trading volume of 1000 USD during the campaign period to activate this portion of the airdrop quota.
• Users who qualify for the Shell airdrop will enjoy an additional bonus in the “Cambrian” campaign, receiving a 15% Gem bonus on the final settlement day.

Part III. Mainnet Product Incentive Airdrop: 20,000,000 MYX

During the campaign, MYX will reward GEMs based on each trading volume and LP holding on the mainnet. The MYX airdrop amount will be settled on the settlement day according to the number of GEMs held by users. The detailed rules are as follows:

1.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:

2.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.

3.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.

4.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.

5.Settlement Rules

We look forward to the exciting interactions with you during the event, as we embark on a new chapter of Perp DEX trading together. If you have any questions about the event or product, please feel free to contact us.