MYX Project Origin — Ordovician Phase Two Alliance Launch

MYX.Finance
3 min readApr 17, 2024

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The first phase of the MYX Ordovician campaign, Voyage, has successfully concluded! The MYX totals for Phase One will be announced soon — stay tuned.

Now, we are gearing up to enter the second phase of the Ordovician campaign — Alliance. During this phase, we will airdrop 0.4% of the tokens.

The Alliance campaign will run from April 17 at 13:00 UTC to April 24 at 13:00 UTC.

In this phase of the event, there are exciting enhancements: Fleet captains will enjoy a higher tier of gem rewards, while fleet members will benefit from the highest level of a 20% gem bonus.

1. Gem Acquisition Rules:

  • Trading Gems: For every 10U of trading volume, participants earn 1 Gem, with no cap on the number of Gems that can be earned.
  • MLP Dynamic Gems: The number of Gems awarded will dynamically adjust based on the previous day’s trading volume.

2. Coefficient Bonus Rules:

  • Users who join or form a fleet enjoy a 10% bonus on Gems.
  • During this phase of Alliance, fleet members will enjoy the highest level of a 20% gem bonus.
  • Holders of MYX’s OAT tokens enjoy a 10% Gem bonus.
  • Participants of the Cambrian Campaign or shell holders enjoy a 10% Gem bonus.
  • These bonuses also apply to the BMYX incentive plan.

3. Ordovician BMYX Incentive Plan:

  • Participants are required to bind their BMYX on the official website beforehand.
  • BMYX snapshots will be taken every Wednesday at 13:00 UTC for settling the previous week’s Gem earnings and the distribution of MYX tokens.
  • At the campaign’s conclusion, the MYX token airdrop will be based on the average holding amount over six weeks, with each BMYX holder receiving 0.03 MYX tokens per BMYX held.

Bound addresses cannot be changed. If you need to modify it for special reasons, please open a ticket in Discord, or transfer your Bmyx to a new address and rebind.

BMYX Coefficient Bonus Rules

4. 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 Rules:

  • Fleet captains will create their fleet on the official page.
  • The maximum number of members per fleet is 50, and each address can only join one fleet.
  • Any non-captain user can join a fleet by entering the captain’s invitation code on the MYX fleet page. Once joined, it is not possible to leave the current fleet.
  • The fleet’s level is determined by the highest tier of total trading volume and total LP staking.
  • The Gem rewards for fleet captains will be distributed in a lump sum on the day of event settlement.
  • The fleet affiliations from the Cambrian period will be preserved.

5. Ordovician Settlement Rules

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For collaboration: marketing@myx.finance

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