MYX Project Origin Season 1 LIVE- 20 Million MYX Rewards

🚨 Confirmed airdrop backed by SEQUOIA, @Consensys, @OKX_Ventures, @GSR_io - $MYX 🚨
@MYX_Finance recently launched the Cambrian Explosion
With 20,000,000 $MYX tokens up for grabs 🪂
Open this 🧵👇 to get all the details

1/
MYX
- A decentralized derivatives protocol
- Attracted over 60k users during testnet
- zero slippage transactions and unmatched capital efficiency with their MPM mechanism
- Claims performance comparable to CEXs
In the following tweets let's understand their Gem System

2/
BMYX Token Airdrop & Bonus
BMYX: a narrative inscription token launched on BTC
Reward: 3,000,000 MYX tokens (0.3% of total supply)
Bonus: Extra 20% Gem settlement bonus on the final day of the event

3/
Note:
• Participants must verify ownership of BTC and ETH wallets through signature confirmation for eligibility
• Airdrop at a ratio of 1 BMYX to 0.03 MYX
At TGE: Recipients will get immediate access to 50% tokens
Remaining 50% unlockable based on campaign participation

4/
Testnet Shells Retrospective Airdrop
Reward: 2,500,000 MYX (0.25% of the total supply)
Allocation: Refer to image
Note: Complete trading volume of 1000 USD during the campaign to unlock airdrop quota and enjoy a 15% Gem bonus on the final settlement day of the campaign
5/
#MYXProjectOrigin
Season 1: Cambrian Explosion
Start Date: 4th March 2024
Duration: 28 days
Reward: 20 Million MYX tokens
Note: All trading fees paid by users since the mainnet launch until this event will be refunded
6/
Cambrian Explosion Rewards
Split into three:
- Trading Rewards
- MLP Rewards
- Fleet Rewards

7/
Trading Rewards
- MYX will settle GEMs in real-time based on users’ cumulative trading volume in tiers
- Specific calculation method detailed below
8/
MLP Rewards
- LPs holding MLP in BTC/ETH pairs are eligible
- Daily average LP holdings determine rewards: 1 GEM for every 10 MLP held
- Settlements occur daily

9/
Fleet Rewards
- KOLs can create Fleets
- Application via official link; capped at 50 members
- Fleet levels based on highest tier of trading volume & MLP held
- Fleet members receive 12% settlement bonus
- Gem rewards for Captain distributed in lump sum on settlement day

10/
Campaign Settlement Rules Summarized
https://twitter.com/EverythingB0x/status/1767588187894088068?s=20

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