Introduction
The esMOX airdrop will run for 30 days per phase. Users can earn points by participating in various tasks in the points center. When the campaign ends, we will airdrop a significant amount of esMOX based on the points you have accumulated. The basic rewards model is to earn points to receive the esMOX airdrop, then vest the esMOX to stake and earn MOX. So points are equivalent to MOX. Once MOX is listed on DEX/CEX, you can swap it as you wish.
The amount of esMOX airdrop will be reduced after the TGE. Therefore, this is the best time to accumulate more esMOX to maximize your benefits, including MOX, esMOX, and other special rewards.
Phase-2 Airdrop Details
Points collection time
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Start time：2024/09/05 00:00:00 AM (UTC)
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End time: 2024/10/10 00:00:00 AM (UTC)
Airdrop Eligibility
Who must meet at least one of the following criteria:
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Total trading volume is at least $100.
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Provide at least $20 in liquidity within 24 hours.
You can verify whether you meet the airdrop criteria at any time on the Points page
Distribute Mechanism
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Total airdrop: Will be determined after points collection ends
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Distribute mechanism: Allocation in proportion to the power function of address points
Why Earn Points
After each phase of point collection ends, the esMOX airdrop will be distributed in proportion to the power function of address points. This means that the more points you have, the more esMOX you will receive. According to the dual-token growth model of ModeMax, esMOX not only earns 20% of fee revenue but also vests MOX over a 365-day period in a linear manner.
How to Claim esMOX
After the points collection is completed, the airdrop rewards will be in the previous page, and you can claim the airdrop rewards directly in the points page.
What the esMOX
The esMOX is the escrowed MOX token that can be converted into $MOX through a vesting process. There are two types of esMOX in ModeMax:
1. Airdropped esMOX
Airdropped esMOX can be obtained through points tasks by month basis. There are three purposes for the airdropped esMOX:
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Stake to earn fees revenue
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Generate additional vested esMOX at 1:1 ratio through a linear vesting period of 365 days. For example, if you are airdropped 10 esMOX, you will receive 10 vested esMOX with a linear vesting period of 365 days, resulting in a daily allocation of 10/365 esMOX.
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Special benefits
Note: Airdropped esMOX can not be claimed directly or converted into MOX.
2. Vested esMOX
Vested esMOX is kind of regular esMOX can be generated from airdropped esMOX at a 1:1 ratio, with a linear vesting period of 365 days and can be earned through staking $MOX with a 100% APR.
There are 2 purposes for the vested esMOX:
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Stake to earn fees
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Stake to convert to MOX(after TGE) with a linear vesting period of 365 days
How to Earn Airdropped esMOX
Airdropped esMOX can only be earned through the points tasks panel:
We have curated various task panels to help users earn points by participating in the ModeMax mainnet. Activities include:
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Swapping tokens
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Trading with leverage
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Providing liquidity
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Participating in the referral program
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Engaging in various competitions
How to Earn More Efficiently on ModeMax
The most efficient way to earn on ModeMax before the TGE is by participating in points tasks. The points you earn can be converted into airdropped esMOX. Then, you can generate vested esMOX from the airdropped esMOX. Finally, stake your vested esMOX to earn MOX.
The more points you earn, the more $MOX you receive!
Join the ModeMax community, explore the platform's features, and start earning your share of $MOX today
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