Ordovician Launch, 23 Million MYX Prepared for Distribution

MYX.Finance
3 min readApr 10, 2024

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To express gratitude to early community supporters and to accelerate the growth of the trading ecosystem, MYX has initiated the Origin Plan, deciding to airdrop 20% of its tokens to community members and supporters. Our first phase event, the “Cambrian” campaign, has successfully concluded with the support of our community partners.

We are excited to continue with the MYX Project Origin into its next phase, the “Ordovician” This phase represents our gratitude for the community’s support and our unwavering commitment to the project’s future growth.

Event Details:

The Ordovician Campaign will distribute a total of 2.3%, equivalent to 23,000,000 $MYX tokens, with 20,000,000 allocated for campaign incentives and 3,000,000 designated for BMYX airdrop incentives.

The campaign will commence on April 10th at 13:00 UTC and conclude on May 22nd at 13:00 UTC. It will encompass four stages. The first stage is named “Voyage”, during which 0.4% of the tokens will be airdropped over one week.

1. Adjustment in 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 12% bonus on Gems.
  • 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 members will also enjoy an additional 12% in settlement bonuses, as detailed below:

The fleet will go live at 13:00 UTC on the 12th.

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

We look forward to your active participation as we embark on a new chapter of the MYX project origin and strive to reach new heights with MYX as a third-generation innovative DDEX.

Happy trading!

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For collaboration: marketing@myx.finance

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