The DePIN track must keep up this time!
IoTeX @iotex_io @iotex_cn has launched the DePIN Super Ecological Season in collaboration with OKX and Gate wallets, gathering over 20 DePIN and 10 DeFi protocols, bringing users a reward pool of over 10 million USD! We must take advantage of this!
IoTeX has raised 50 million USD in this year's capital market, making it the leading project in the DePIN track. The coin price is still at a low point, with the current price of $IOTX at 0.045 USD and a total market value of 450 million USD, showing great potential for doubling. $IOTX is already fully circulating, with no risk of unlocked selling pressure.
This event is launched in partnership with OKX, but $IOTX has not yet been listed on OKX. It will definitely be listed on major exchanges in the future.
Event duration: October 30, 2024 - January 29, 2025
What is the use of BB points?
The total reward pool is 100 million IOTX, part of which is directly used for LP mining rewards.
The remaining rewards will be distributed according to the BB points held, as follows:
1) Users ranked in the top 40% of BB points will share half of the IOTX reward pool.
2) Users ranked in the bottom 60% of BB points will share the other half of the IOTX reward pool.
Currently, the event produces an average of 10M points daily, generating approximately 900M points over three months. If we divide 100 million IOTX proportionally, about 1 point can be exchanged for 0.11 $IOTX after the event.
Event earnings:
If you hold 100,000 IOTX, the high-yield interactions currently available are:
Beginner player - Zero cost interactions to earn points:
For each DeFi protocol, the first 10 interactions each day can earn 50 points, with no amount limit. You can score even by trading 1 USD on DEX. There are a total of 7 protocols, allowing you to earn 350 BB daily. The gas on the IoTeX chain is very low, and the cost of each interaction can generally be ignored. This translates to a very low cost of 10,500 BB in a month, equivalent to 1,155 IOTX, nearly 50 USD in benefits.
The social tasks of the first batch of 20 DePIN projects can basically be done for free, with a total value of 2 million USD in the DePIN reward pool allocated 30% to users who complete the social tasks. Several of these projects will have TGE soon, making this the most direct and simple way to obtain their tokens (based on the valuation pool from the previous round of VC before TGE). Besides the event earnings, this part may bring unexpected gains.
Ultimate player - Trading volume points:
In several DEXs, the BB trading basically allows you to earn 1,000 BB for trading 1,000 USD, with a fee of about 3 USD. The 1,000 BB earned is expected to be convertible to 110 IOTX, currently priced at about 5 USD, yielding a 66% return.
If you prefer to directly boost trading volume, Mimo and Izumi have good pool depths, while Loxodrome and Pinswap have expected token airdrops. You can interact with them, and Quenta allows contract trading. If your capital is not large, you can directly open contracts for trading.
If you have 100,000 IOTX for trading to earn points, and you generate a trading volume of 150,000 USD, you can earn 150,000 points, approximately consuming 450 USD, eventually exchanging points for 16,500 IOTX. At the current price of 742 USD, the pure profit will be nearly 300 USD.
After completing the trades, you can also earn holding incentives:
For DEXs participating in the event, holding 1 USD of a specified pair can earn 1 point daily. If you have 100,000 IOTX at the current price of 0.045 USD, you can earn 4,500 points daily, totaling 130,000 points in a month. Additionally, there are no trading losses. The points earned from this part is approximately 14,850 IOTX, resulting in a yield rate of 15%, annualized to approximately 180%;
Moreover, by staking LP in many DEX farms, there are incentives that exceed 100% annualized returns, potentially bringing the annualized rate to nearly 200%.
High-yield players - The highest rewards come from staking IOTX incentives:
For every IOTX staked for one day, you can earn 0.05 points. For example:
If you stake 100,000 IOTX for 100 days and enable staking lock-up, you can earn 500,000 points; equivalent to 70,000 IOTX; this translates to an annualized rate of 255%, combined with the inherent 6-8% annualized yield from staking IOTX, the final annualized return may exceed 260%.
OKX provides an additional 20% point bonus for its users.
III. About IoTeX and this event:
1. IoTeX raised 50 million USD this year. As a leading project in the DePIN track, it has been deepening in the DePIN field for many years. The coin price is currently relatively low, at 1 $IOTX = 0.045 USD, with a market value of only 450 million USD. Doubling this market cap in a bull market is very healthy. In addition, IOTX is already fully circulating, with no unlocked selling pressure.
2. This event is conducted in collaboration with OKX, but $IOTX has not yet been listed on OK. There are expectations for listings, including on the South Korean UPBIT exchange, which may have expectations for trading pairs in KRW or USDT.
3. DePIN is a clearly visible track with explosive potential in this bull market. IoTeX has been deepening in this industry for many years. This $IOTX + DePIN + DeFi triple mining event is the largest ever in the DePIN field, with rewards including 4.5 million USD worth of $IOTX, along with popular projects like Avalon and Pell participating.
4. The first batch of this event includes 10 DeFi projects and 20 DePIN projects. Each project will contribute 25k-200k USD to the reward pool. Several of these projects will have TGE soon, making this the most direct and simple way to obtain their tokens (based on the valuation pool from the previous round of VC before TGE). Besides the event earnings, this part may bring unexpected gains. The reward pool for the first batch of DePIN projects is about to open, with a total amount of 2 million USD to reward users participating in social activities and DeFi trades. Specific rewards from each can be referenced in the following tweets. Upcoming TGE projects include Grass, which is in the same track, the recently hot Network3, as well as Nubila, PowerPod, WatchX, Roam, and other popular DePIN projects.
https://x.com/iotex_io/status/1854665589647708193…
5. A new product ioID will be launched by the end of the year. If enough devices are integrated, the new tokenomics will lead to significant token burning and deflation.
6. IoTeX 2.0 was only released in July and is no longer a pure public chain track, but a modular platform for DePIN, collaborating with Polygon to create a DePIN layer serving all chains, and has strategic cooperation with TON. The entire IoTeX platform presents us with a long-term healthy, secure operation and thriving ecosystem of an L1 blockchain platform: nearly 200 million USD in on-chain assets, 113 nodes, 6.18 transactions per second, 670k wallet addresses, 104 applications, 12k deployed smart contracts, and over 10k daily active wallets.
