$MYX staking has exploded! Institutions are banding together for a big bet, will retail investors be left behind?
Sequoia China, Linea, FL Foundation, and Woyong, these four big players, have jumped directly into MYX's node staking system! This system operates on the principle of “using all transaction fees to buy $MYX,” with the money made by the nodes being used to repurchase coins and then distributed to stakers! The circulating supply keeps decreasing, so it's no surprise that the coin price isn’t rising!
Binance Wallet conducted MYX's TGE subscription on May 6, with an oversubscription rate skyrocketing to 30,000 times! At that time, the coin price was only 0.1u, and now it has surged 34% in 24 hours, with institutions making a killing on this bottom fishing! Even more impressively, Binance has featured MYX on Binance Alpha, with a 24-hour trading volume exceeding 50 million; retail investors want to take over? Not a chance!
Now, by staking $MYX, not only can you earn node rewards, but you can also share in the transaction fees! At this pace, the amount of coins locked by institutions is increasing, and the circulating supply is shrinking. Currently, the circulating supply is only 94.31 million coins, with a total issuance of 1 billion, and 90% of the coins haven’t been released yet! If institutions continue to increase their holdings, the circulating supply could drop below 5% in no time, and then the price surge will be like child's play!
The MYX technical team is truly getting things done! The unique pairing pool mechanism (MPM) allows for zero slippage trading, with capital efficiency soaring to 125 times, complemented by dual Oracle anti-attack measures, ensuring maximum trading security! Now they’ve introduced “holding coins equals VIP,” where having 10 $MYX allows you to enjoy CEX-level fee discounts; the more you hold, the greater the discount, up to 81% savings!
It's still not too late to get on board!
The current coin price is only 0.1u, with a circulating market value of less than 70 million; even a slight pull from institutions could double it! Moreover, the staking mechanism forms a closed loop of “trading-repurchase-destruction,” with the higher the coin price, the more coins are destroyed, a typical deflationary model! Retail investors entering now can enjoy staking rewards while betting on institutional price pumps, a sure “Davis Double”!
