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The third-generation derivatives trading platform MYX Finance is about to issue a token. How to get the airdrop at a low cost?

BlockBeats2024/07/17 05:01
By:BlockBeats

MYX Finance has the potential to be a third-generation on-chain derivatives exchange. It has an original MPM mechanism model and adopts matching pool transactions, which enables it to have the capital efficiency of CEX exchanges and enjoy 0 slippage transactions, perfectly making up for the shortcomings of the LP model of GMX and GNS, and meeting the needs of future on-chain derivatives.


In November last year, it announced that it had received investment from Hongshan, OKX and Consensys, and as the first batch of investment projects of the Linea Ecological Alliance (the son of Linea), it had previously announced the MYX Origin Plan, which is expected to airdrop 20% of tokens. This period, their activities and airdrops are carried out at the same time, and they held a large joint event with ZKPASS (invested by Binance). After completing it, you can get MYX tokens and ZKP tokens at the same time. And you can also get airdropped gems, which can be 0. This is almost the last event, and the coin issuance is imminent, so there is no need to wait. The cost of opening MYX Finance institutions is $0.05, and these top institutions have no problem with the $0.5 target at the opening.


Foreword: Dex track, the income has been stable and high


Recent derivative track coin issuance projects: Aevo, Bluefi, Aark, after obtaining points to exchange tokens, the calculation cost has generated several times the airdrop income. DEX is a [short, flat and fast] airdrop, it is easy to make a big profit.


How to eat three fish in MYX Finance


There are currently two major task sections: Airdrop page and campaign page, and the activities are carried out at the same time.


There are two types of tasks on the Campaign page: regular trading mining, completing social media task draws (follow Twitter and DC to draw blind boxes), you can do 0 by doing task draws, you can also get gems on the Airdrop page by completing trading tasks, and you can get additional airdrop rewards during TGE.


The two prize pools of the Campaign are separate, trading mining tasks and task draws reward 2,500,000 MYX and ZKP tokens respectively, with a total reward of 5,000,000 MYX and ZKP tokens


Social media draw


· Enter the official website, find "Campaign" and bind your information, follow the official Twitter accounts of MYX Finance and ZKpass, and you can get a blind box



· Use Twitter (@官推) to post content or comments about MYX, and you can get a blind box every day



· Meet the trading conditions for the lucky draw


Complete at least $1,000 in transactions on the mainnet. $60 10x leverage opening and closing positions once will do, and you can get a blind box once a day


In addition, MYX Finance has a joint event with ZKpass. Go to ZKpass this website , complete the certification, and obtain different levels of SBT. You can get more blind boxes by completing tasks every day.



· Invitation Task


By inviting new users to participate in the event, both the inviter and the invitee can get extra blind boxes.


Enter through the invitation code and complete the binding task to get an extra blind box.


Ordinary Transaction Mining


Transaction Task: For every $10 traded, you can get 1 gold coin, and finally divide the token reward according to the total number of gold coins


You can get the VIP level by completing the ZKpass binding (Link) to reduce the handling fee.


· Users who have completed KYC on Binance, OKX, Bybit, and Gate exchanges will be given vip1


· Users who have completed KYC on Binance, OKX, Bybit, and Gate exchanges and whose contract trading volume is greater than $1,000,000 will be given vip3


· Users whose VIP level reaches VIP1 or above on Binance, OKX, or Bybit exchanges will be given vip4


How to maximize the benefits of airdrops at low cost


There are 0 airdrop tasks in the big task 1. Needless to say, just open more and do it. It is relatively risky, but according to the valuation, it is not a big problem to have a pig's trotter meal.


(I) Profits from trading and mining


Currently, the daily trading volume of the platform is about 200 million, and the total number of gold coins generated in a month is about 600 million.


Because of the LP model, 0 slippage entry, we only need to calculate the handling fee and open more, and only this part is our wear and tear principal.


If $1,000 in transaction fees is used up, and the highest average fee is 0.05%, with a transaction volume of 2 million, 200,000 gold coins can be obtained, which can roughly divide 3,000 MYX and ZKP. We can spread the transaction volume to brush, so that we can also complete the transaction lottery task of Task 1. Finally, it is estimated that 5,000 MYX and ZKP will be obtained, which is close to $5,000 in income, and a profit margin of 5x.


(II) Multiple Opening Method


If you are manually brushing, it is recommended to brush against each other. We cannot afford the risk of the contract. It is safest to hedge the two accounts against each other. Because the prices of orders submitted in the same block are the same.


· You can use two devices to switch in opposite directions at the same time


· It is recommended that account A invite account B, and you can also get rebate rewards, and then hedge, the method is as follows:


Open a long order in browser A, enter the opening amount, then the wallet will pop up a confirmation window, do not click to confirm first;


Open account B, open a short order, enter the same opening amount, then the wallet will pop up a confirmation window, do not click to confirm first;


After both sides are ready, first click the confirmation of the Buy pop-up window, and then click the confirmation of the Sell pop-up window, so as to ensure that your closing transaction follows your opening transaction.


Transaction mining is the most convenient way, and the cost is controllable.


This article comes from a contribution and does not represent the views of BlockBeats



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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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