IoTeX is back with a bang, launching the DePIN Super Ecosystem Season. This season features over 20 DePIN projects, with 10 DeFi protocols deployed on IoTeX Layer 1 making a collective appearance. Users can engage in double mining or even 'triple mining', simultaneously earning rewards from IoTeX, DeFi protocols, and DePIN protocols, accumulating BinoBits (hereinafter referred to as BB) points!
1⃣️ How to earn BB points?
1) Beginner Player - Zero-cost Interaction Points:
For each DeFi protocol, the first 10 interactions per day can earn 50 points, with no monetary limit; even trading 1U on DEX can score points. There are a total of 7 protocols, allowing for 350 BB to be claimed daily!
2) Ultimate Player - Trading Volume Points:
The BB trading on several DEXs generally allows for trading 1000U to earn 1000 BB, with transaction fees around 3U. The 1000 BB earned is estimated to be exchangeable for 110 IOTX, with the current price around 5U, yielding a return of 66%.
3) After completing the trades, hold positions to receive holding incentives.
Stake IOTX to earn up to 105% annualized returns. For each IOTX staked, you can earn 0.05 points daily, plus an annualized staking return of 6-8% on IOTX, resulting in substantial earnings.
2⃣️ What are the uses of BB points?
The total reward pool is 100 million IOTX, part of which is directly used for LP mining rewards.
The remaining rewards will be distributed according to the held BB points, as follows:
1) Users ranked in the top 40% of BB points will share half of the IOTX prize pool.
2) The bottom 60% of BB points will share the other half of the IOTX prize pool.
The activity currently produces an average of 10M points per day, and is expected to generate about 900M points over three months. If we proportionally divide 100 million IOTX, after the activity ends, approximately 1 point can be exchanged for 0.11 $IOTX.
📅 Event Duration: October 30, 2024 - January 29, 2025
#IoTeX #DePIN
