IoTeX, OKX and Gate Wallet jointly launch DePIN Super Ecosystem Season
A number of DePIN + DeFi projects were brought together to launch a joint incentive campaign with a total value of up to 10 million US dollars.
You can earn BinoBits (hereinafter referred to as BB) points. Users of OKX wallet will receive an additional 20% points bonus to share the 100 million coins with a total value of up to 10 million US dollars.
Key Points!!! How to get BB points guide
Through simple sign-in/interaction
1) Download IoPay wallet: https://iopay.me
iopay wallet: (check-in to get 10 BB points, swap to get 5 BB points, transfer to get 5 BB points) once every 24 hours
2) Log in to https://okxevent.iotex.io
Enter and click the sign-in button. Jump to the task interface and complete any interactive task, such as participating in activities, transactions, etc., to automatically sign in and increase points.
3) Participate in tasks on the Gate platform to win free airdrops and draw 1,000 BB points
Through pledge
1) Stake the node in iopay: 5% annualized IOTX currency-based income. Number of BB points = number of stakes x number of staked days 0.05 (a new stake bucket must be opened and locked for at least 90 days). Points are issued in one go. To redeem, you need to turn off automatic staking and wait for 94 days.
2) Staking on bedrock: 5% annualized IOTX coin-based income. 4 BB points for every uniIOTX minted. You can also participate in defi with uniIOTX to earn secondary income. Redemption takes 94 days.
By participating in the#IoTeXEcosystem DeFi event, a simple evaluation
1) Mimo: Currently the largest DEX on IoTeX, with deep liquidity and small slippage, you can try manual scoring (with gas + 0.3% handling fee). The ioUSDT/WIOTX pool APY (24hrs) is up to about 6.7%.
2) iZUmi: A multi-chain DEX with deep liquidity and the highest APR of uniUSDC/WIOTX pool is around ~3.16%.
3) Loxodrome: An additional 7m $veLOXO airdrop has been launched. Perp trading can add 50x leverage to increase trading volume and brush BB points. Although the reward is high, you should pay attention to the risk of opening a position.
4) Quenta: It has a contract trading function that can increase leverage to increase scores. There are many trading pairs, and the maximum leverage can be up to 100 times to increase scores, but the risk is greater and there is no additional airdrop.
5) PinSwap: Similar to Mimo, but the liquidity is not high yet.
Activity details and reward distribution
What are BB points used for?
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 BB points held, as follows:
1) The top 40% of users in BB points 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
According to the 14 days since the start of the activity, a total of 277 million points were generated, which is less than 20 million points per day, and about 1.8 billion points in three months. If 100 million IOTX are divided proportionally, 1 point is about 0.06 IOTX.
Participation Methods and Benefit Calculation
Activity income:
If you take 100,000 IOTX, the current high-yield interactions are:
Beginner players - free points for zero-cost interaction:
For each DeFi protocol, you can get 50 points for the first 10 interactions every day, with no limit on the amount. You can score points for every 1U traded on DEX. There are a total of 7 protocols, and you can get 350BB every day. The gas on the IoTeX chain is very low, and the cost of each interaction is basically negligible, which is equivalent to earning 10,500 BB at a very low cost per month, which is equivalent to 630 IOTX, nearly 30 U of benefits.
The first batch of 20 DePIN projects' social tasks are basically free, and 30% of the total DePIN prize pool of 2 million US dollars will be allocated to users who complete social tasks. Several of these projects are about to hold TGE, and this is the most direct and simple way to obtain their tokens (according to the pool added according to the VC valuation of the previous round of TGE). In addition to the activity income, this part may bring unexpected benefits.
Ultimate Player - Trading Volume Points:
If you like to increase transaction volume directly, the pool depths of Mimo and Izumi are good. Loxodrome and Pinswap also have token airdrop expectations, so you can try to interact with them. Quenta can open contracts. If the amount of funds is not large, you can directly open a contract to trade.
If you trade 100,000 IOTX to earn points, and end up losing 10,000 IOTX, you can get about 130,000 points. The profit is about 600 IOTX, with a rate of return of 3%.
After completing the transaction, you can also get position incentives:
DEX participating in the event can earn 1 point per day for holding 1U of the designated pair. If you have 100,000 IOTX, you can earn 4,500 points per day at the current price of 0.045U, and 130,000 points per month. And there is no transaction loss. The points earned in this part are about 7,800 IOTX, which is equivalent to a rate of return of 7.8%, an annualized rate of over 90%;
In addition, staking LP in many DEX Farms can provide incentives of more than 100% annualized, so the annualized rate is expected to reach nearly 200%.
Players who pursue high returns - the highest return is the incentive of staking IOTX:
You can get 0.05 points for every IOTX staked for 1 day. Example:
If you stake 100,000 IOTX for 100 days and enable stake lock, you can get 500,000 points at one time, which is equivalent to 30,000 IOTX. The annualized rate of return is 100%, which is combined with the 6-8% annualized return of IOTX stake, and you can eventually reach an annualized rate of return of more than 105%.
OKX offers an additional 20% points bonus to its users.
The above benefits depend on the final total amount of BinoBits points and the fluctuation of IOTX coin price, for reference only
Event time: October 30, 2024 ~ January 29, 2025
(The anti-scientist mechanism is a boon for retail investors)
