HMX is a premier decentralized perpetual exchange with a cross-margin and multi-asset collateral support on Arbitrum Public beta is open for 2–4 weeks & participants will earn $esHMX token.
For more earning opportunity & airdrop updates, please join our Telegram Channel. Also I am always there to support you guys.
This protocol offers a multitude of features and rewards. It is therefore necessary to dedicate an informative part to this tutorial The thread will be composed as follows :
Introduction to HMX
Tokenomics & Airdrop Distribution
How to earn the Airdrop
Introduction to HMX HMX unique features :
Leveraged Trading Users can open up to 1,000x leveraged positions on many asset classes including Crypto, FX, Equity & Commodities HMX is the 1st pool-based perp DEX that offers cross-margin & multi-asset collateral support
What does it mean?
You can put up multiple asset as collateral (GLP, BTC, ETH, Stablecoins) & the collateral value can move based on market movement This allows you to implement trading strategies : i.e. Carry a trade or max Long (e.g. collateral in ETH to long ETH)
Leveraged Market Making (HLP Vault)
Users can deposit assets into HLP, an unique vault built on top of GMX’s $GLP token, to become market makers on HMX
This week’s HLP’s APR is at 38%, while GLP is at 15%
14% comes from GMX’s GLP & 24% from fees generated at HMX
HMX’s HLP yields will never be lower than that of GMX’s GLP because HLP also accrues yields from the underlying GLP This is why HMX’s HLP is such an attractive opportunity for market makers
Take some minutes to learn more here :
Link: https://twitter.com/HMXorg/status/1669302171928793089
Rewarding Incentive Programs HMX offers an incentive 4-part rewards program, detailed below
Incentive rewards are not live on beta, but will come after the full launch, expected to be around mid to late July
Tokenomics & Airdrop Distribution
$HMX token is the Governance token of HMX Protocol. It has a total fixed supply of 10,000,000 tokens 40% is dedicated to community incentives The majority of community incentives will be distributed in the form of esHMX (escrowed HMX)
Other Platform Tokens
There are a total of five platform-issued token at HMX : $HLP, $HMX, $esHMX, Dragon Points (DP), and Trader’s Loyalty Credits (TLC) The document below explains the characteristics of these 5 tokens in detail
esHMX Airdrop
HMX plans to distribute an airdrop of $esHMX tokens to :
Users of Perp88 The snapshot for this category has already passed It’s an airdrop for users making a deposit into Perp88 or achieving a specific total trading volume by June 1st, 2023
Main Part
Participants in the public open beta
Complete Airdrop Campaigns on HMX’s zealy These are the two categories we’ll be presenting to qualify for the airdrop
The total amount of rewards will be determined based on the total cumulative trading volume of HMX
How to earn the Airdrop
To qualify for $esHMX airdrops, there are two ways avalaible now :
Participate in the public open beta
Complete Airdrop Campaigns on HMX’s zealy These options are not mutually exclusive, you can participate in all of them if you wish
The more tasks you complete, the larger your share of the airdrop
Open a leveraged trading position on any :
Cryptocurrency market
Equity market
FX market
Commodity market
Make a deposit into the HLP vault
Complete Airdrop Campaigns on HMX’s zealy
Go to https://zealy.io/c/hmxorg/invite/1yO4ppIp1JDzh7dQhVK-H
Complete airdrop campaigns to earn points
Each campaign will have assigned points that contribute to calculating your final share of the airdrop received
Collect Mirror:
I know a lot of people don’t like doing tasks, zealy. But it’s a completely free way to qualify for airdrop
HMX will release new campaigns up until the end of Phase 1 : Public Open Beta, so be sure to follow them Zealy Now you’re ready to hunt
For more earning opportunity & airdrop updates, please join our Telegram Channel. Also I am always there to support you guys.