TechFlow news — To reward the active contributions of its community members, the decentralized derivatives protocol MYX has officially announced its token airdrop initiative, the "Origin Program," allocating 20% of its total token supply for airdrop activities. The program will roll out in multiple phases. The first phase, named "Cambrian," will distribute 20 million MYX tokens, offering community members an excellent opportunity to easily earn token rewards by participating in related activities.
The first incentive airdrop event, "Cambrian," will officially launch on March 4 and last for 28 days. During this period, users can earn GEMs through various activities such as trading, holding MLP, forming or joining teams (fleets), which will then be used to share the MYX token airdrop rewards. Additionally, mechanisms to accelerate GEMs accumulation will be available for early sign-ups, BMYX holders, and verified early seed users.
MYX is a decentralized perpetual contract exchange that utilizes its proprietary MPM mechanism to achieve 0-slippage trading and efficiently match long and short positions, achieving up to 125x capital efficiency—aiming to overcome on-chain capital efficiency bottlenecks. Previously, MYX secured $5 million in early-stage funding led by HongShan (formerly Sequoia Capital China), with participation from Consensys, Hack VC, OKX Ventures, Foresight Ventures, Redpoint China, HashKey Capital, GSR Markets, Alti5, Leland Ventures, Cypher Capital, Bing Ventures, and Lecca Ventures.
