Binance @binancezh's #alpha really is giving away money to everyone. As long as you are not lazy and are willing to trade actively, you can qualify for airdrops or participate in TGE in just 15 days. And as for the wear and tear everyone talks about, if you find good targets, not only will there be no wear, but you can also make money. A few days ago, I traded @MYX_Finance's $myx, and by trading in an upward channel or a wide fluctuation, it is possible to make a profit.
Now let’s talk about why I choose to trade $myx to earn trading points, while minimizing or even making a profit from wear and tear.
1. MYX Finance is a decentralized derivatives exchange with an MPM model that uses smart fee structures and risk hedging mechanisms to ensure protocol stability and provide sustainable high returns. Moreover, its trading has 0 slippage. The $MYX token is part of Binance's alpha trading event. After the MYX trading pool activity ends, the top 5000 users will receive MYX token airdrops, which is about 530,000 USDT in rewards, approximately 105 USD per person.
2. $myx has great trading depth, consistently ranking among the top five in trading volume in the alpha sector, and its pool depth is substantial. Its trading fee is 0.01%, so for quick in-and-out trades, there is basically no wear.
Large volume trading: When we are trading with large amounts, if you are worried about the token dropping, you can hedge by shorting $myx on their platform. After participating in VIP discount events, trading fees are significantly reduced. The significance of large volume trading is that it saves time and effort, without fear of price fluctuations.
3. Small amount high frequency trading: Trade in the upward channel of $myx's 1-minute line. After entering the amount, refresh a few times, set a slippage of 0.1. When the displayed token amount is slightly higher than usual, place the order immediately. When selling, use the same method. I have personally tested it, and not only is there 0 wear, but there is also a profit.
If you need to quickly accumulate points, it is better to choose BSC tokens, as there is currently a double points event. Additionally, trading MYX within the top 5000 can also earn you airdrops of hundreds of USD, achieving two goals at once.
Moreover, I personally feel that $myx is currently undervalued. After launching alpha, its trading volume has always been good, and its circulating market cap is only around 10 million, with an FDV of only 100 million USD. It is about the same price as the last round of institutional investors, and institutions have not yet acquired the tokens, so I feel there is a high probability of future price increases.
Furthermore, with MYX launching the Keeper node staking network and VIP discount events, both institutional and retail tokens will enter the staking phase, with a 7-day lock-up period, which also reduces circulation. Coupled with the launch of its perp launcher, the positive flywheel starts.
Among the tokens from Binance's TGE, MYX currently has the second lowest market cap. After its innovation and the addition of some activities, the positive cycle stimulus combined with the expectation of launching Binance contracts in the future, it should definitely experience a significant price increase.
So this is also why I am optimistic about MYX. Whether it's trading volume to earn double points for more rewards, or holding the MYX token long-term, both are excellent choices.