IoTeX has launched an amazing DePIN super ecological season! Here are over 20 DePIN projects and 10 DeFi protocols, with total rewards worth 10 million USD. Everyone can earn a lot of BinoBits (BB) points and reap unexpected returns by participating in dual or triple mining to receive rewards from IoTeX, DeFi protocols, and DePIN protocols (like Network 3, Nubila, and other projects with upcoming TGEs).
The event runs from 2024.10.30 to 2025.1.29. The reward pool has 100 million IOTX, with a portion allocated for LP mining, and the rest distributed based on BB points. The top 40% of users will share half of the reward pool, while the remaining 60% will share the other half. Currently, about 10 million points are generated daily, which can reach 900 million points in three months. By the end of the event, 1 point can be exchanged for approximately 0.11 USD. The returns are impressive! Beginner players can earn points at zero cost by interacting with DeFi protocols, receiving 50 points for the first 10 interactions daily regardless of the amount. With 7 protocols, one can earn 350 BB in a day. The interaction cost on IoTeX is low, allowing one to easily earn 10,500 BB in a month, equivalent to 1,155 IOTX, which is about 50 USD. Additionally, social tasks for DePIN projects can yield rewards, with 30% of the 2 million USD DePIN reward pool allocated to task participants. Many projects are nearing TGE, making this a great opportunity to acquire their tokens. Ultimate players can also earn points by trading; for example, trading 1,000 USD on DEX can yield 1,000 BB, with transaction fees around 3 USD. 1,000 BB can be exchanged for 110 IOTX, worth about 5 USD, resulting in a 66% yield. Pools like Mimo and Izumi have good depth, while Loxodrome and Pinswap have token airdrop expectations, so it's worth trying them out. If you have 100,000 IOTX and trade with a volume of 150,000 USD, you can earn 150,000 points by spending 450 USD, ultimately exchanging for 16,500 IOTX, netting nearly 300 USD in profit. After trading, holding positions also brings incentives: in participating DEXs, holding 1 USD of a designated pair earns 1 point daily. Holding 100,000 IOTX can yield around 4,500 points daily based on price, resulting in 130,000 points in a month, which can be exchanged for 14,850 IOTX, yielding a 15% return, annualized at 180%. Adding the DEX farm staking LP's annualized return of over 100%, the total annualized return approaches 200%. To pursue high returns, stake IOTX, as staking 1 IOTX yields 0.05 points per day. For instance, if you stake 100,000 IOTX for 100 days while locked, you could earn 500,000 points, equivalent to 70,000 IOTX, leading to an annualized return of up to 255%, in addition to the staking itself, which provides an annualized return of 6-8%, resulting in a total annualized return of over 260%.
IoTeX raised 50 million USD this year, being the leader in the DePIN track. Currently, the coin price is low, at only 0.045 USD, with a total market value of 450 million USD, which is sure to rise in a bull market. Moreover, it is fully circulated, with no unlocking pressure. The DePIN track has huge potential in a bull market, and IoTeX has been deeply involved for many years. This event is the largest in the DePIN field, with rewards including 4.5 million USD in $IOTX, as well as popular projects like Avalon and Pell participating. The first batch of DePIN project reward pools is about to open, with 2 million USD rewards for those participating in social activities and DeFi trading. Many projects with upcoming TGEs, such as Grass, Network3, Nubila, PowerPod, WatchX, and Roam, are also involved.
