$MYX What kind of cryptocurrency is it? Is it worth investing?
MYX Finance is a DEX launched in February 2024 that combines the speed of centralization with the security of decentralization for cryptocurrency derivatives trading. Its Matching Pool Mechanism (MPM) enables zero slippage and low-cost perpetual futures trading, offering up to 50x leverage. It operates in a non-custodial and user-friendly manner, connecting traditional finance and blockchain, attracting various traders, and runs on the BNB Smart Chain (BEP20) platform.
The current market capitalization of MYX is $7.44M, with a market ranking of 1214, and the market value of MYX has not yet been widely recognized; when the bull market arrives, MYX's market capitalization may have significant growth potential.
As a new currency with innovative cryptocurrency technology and novel application scenarios, MYX has vast market potential and development space. MYX's uniqueness and interest may attract the attention of specific groups, thereby driving its market value up.
Which institutions participate in staking?
Sequoia China, LINEA, FL Foundation, Woyong, and these institutions are now acting as 'miners' in MYX's node staking system.
This is not ordinary PoS mining; they have bundled transaction matching rights, governance rights, and profit distribution rights into the nodes. Every week, 21 active nodes are selected based on votes, and the on-chain matching and network operation rely on them, while staking users can also share in the transaction fees. This closed-loop design is quite impressive.
Is MYX worth investing in or holding for a while? How to purchase MYX from cryptocurrency exchanges?
If you want to buy MYX, the following data may serve as your investment reference:
In the past 7 days, the price of MYX has risen by 18.05%, and most MYX investors have gained some positive returns. Currently, the market holds an optimistic view on the price trend of MYX.
