IoTeX is collaborating with OKX and Gate Wallet for the DePIN super ecological season, with attractive rewards available!
🟧 Event Introduction:
This DePIN super ecological season has over 20 DePIN projects participating, with 10 DeFi protocols deployed on IoTeX Layer 1 making a collective appearance. Users can engage in dual mining or even 'triple mining' during the event, earning rewards from IoTeX, DeFi protocols, and DePIN protocols (many of which are about to have TGE, such as Network 3, Nubila, etc.), accumulating BinoBits (abbreviated as BB) points for profits.
📅 Event Duration: October 30, 2024 ~ January 29, 2025
🟧 About BB Points:
The total reward pool is 100 million IOTX, divided into two parts:
▪ LP mining rewards.
▪ BB points ranking rewards
1) The top 40% of users in the BB points ranking will share half of the IOTX prize pool.
2) The bottom 60% of the BB points ranking will share the other half of the IOTX prize pool.
Since the event launched, an average of about 20 million points are generated daily, resulting in approximately 1.8 billion points over three months. If equally divided among 100 million IOTX, each point is worth about 0.06 IOTX.
🟧 Event Strategy:
1⃣ Free play method: Earn points by completing interactions + social media tasks.
For each DeFi protocol, the first 10 interactions each day can earn 50 points, with no amount limit; even trading 1 USD on DEX can earn points. There are a total of 7 protocols, allowing a daily earning of 350 BB, and the gas fees on IoTeX chain are very low, meaning the interaction cost is basically negligible. This equates to a very low cost of about 10,500 BB per month, which translates to 630 IOTX, roughly valued at 30 USD.
Completing 20 DePIN project social tasks can share 30% of the 2 million USD DePIN prize pool.
2⃣ Trading volume play:
You can trade on Mimo and Izumi, or go to Quenta for contract trading. If you use 100,000 IOTX for trading to earn points, with a loss of 10,000 IOTX, you can approximately earn 130,000 points. The earnings are about 600 IOTX, with a yield of 3%.
3⃣ Holding play:
Participating DEXs allow users holding a designated pair of 1 USD to earn 1 point daily, with no loss, resulting in a monthly yield of about 7.8% and an annual yield exceeding 90%; many DEX Farms also have LP staking incentives exceeding 100% annualized, which long-term players may consider.
4⃣ Staking play:
For every 1 IOTX staked for 1 day, you can earn 0.05 points. For example:
If you stake 100,000 IOTX for 100 days and enable staking lock, you can receive 500,000 points at once; equivalent to 30,000 IOTX; this translates to an annualized return of about 100%, combined with the 6-8% annualized yield from staking IOTX itself, resulting in a final annual yield of over 105%.
Note: OKX provides an additional 20% points bonus for its users.
🟧 Recommendation Index: 🌟🌟🌟🌟
IoTeX has raised 50 million USD this year. As a leading project in the DePIN sector, its potential is promising, and IOTX has been fully circulated with no unlock pressure. Currently, the event is quite strong, making it a good opportunity to earn.
#Depin #IOTX #IoTeX