Recently, I seriously studied MYX and found that they are building a very complete positive flywheel model, and it’s not just talk; they are executing step by step. The more I look, the more it resembles those projects that 'no one noticed at first, but when you look back, they have already taken off.'

First, let’s mention a few key actions:

• Launched the Keeper node staking network, allowing both institutions and retail investors to participate;

• VIP discount activities launched simultaneously, with transaction fees reduced to even lower than Binance VIP;

• More importantly, both of these mechanisms are strongly tied to the MYX token—you must stake and be a VIP, which means buying tokens with real money from the market.

Logically, this is a classic price positive flywheel:

1. Node staking + VIP both require buying tokens, it’s not just 'take a snapshot and issue an airdrop', it requires true locking of assets;

2. Node rewards come from transaction fees, with 100% going to buy back MYX, which essentially allows the system to pump itself;

3. VIP transaction fees are extremely low, attracting users to trade, increasing trading volume, and thus raising transaction fee income, which in turn enhances node rewards;

4. Staking locks for 7 days + snapshot to maintain VIP eligibility = MYX circulating supply continues to tighten;

5. Adding another point: the tokens are not unlocked, the last round of institutional cost is 120 million, and they also have to buy from the market, and if they buy at a high price, they may not even get them.

This is very interesting. Institutions, retail investors, and nodes are all scrambling for tokens in the market, the supply side is being choked, while demand is expanding, this structure is typically easy to rise but hard to fall.

Also, don’t forget: MYX's daily trading volume has stabilized around 30 million USD, Alpha is automatically online, and the team’s execution is good; if they can also bring in Binance's contract/spot rhythm, an explosion is only a matter of time.

Currently, MYX’s circulating market value is almost at the bottom among Binance IDO projects, but the product is continuously iterating, and there are innovations in the mechanism. Personally, I believe: looking at a total market value of 200M first is not a big issue.

Ultimately, looking at MYX now is not about whether it is undervalued today but whether this mechanism can support a larger valuation space in the future. Based on my observations over the past few days: it looks promising.