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-1 Airdrop details
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Airdrop: esMOX
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Claim Time: 2024/09/05 02:00:00 PM (UTC), no expiration on claim time.
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Eligibility: Points ≥ 300
Distribute Mechanism
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Total airdrop: 3,000,000 $esMOX
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Distribute mechanism: Distribution Based on the Power Function Proportion of Points by Address
The formula of points calculating:
According to the power function proportion based on points:
user points = (original points)^p, where p = 0.85
Example: Assume there are 5 users: A, B, C, D, and E, with a total reward of 100,000 esMOX.
The power function proportion based on points:
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User A: 100^0.85 = 50.11
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User B: 500^0.85 = 196.84
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User C: 1000^0.85 = 354.81
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User D: 5000^0.85 = 1393.55
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User E: 10000^0.85 = 2511.89
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Tota Points: 4310.35
The total esMOX airdrop will be distributed proportionally based on points calculated using a power function.
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User A: (50.11 / 4310.35) * 100000 = 1162 esMOX (1.16%)
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User B: (196.84 / 4310.35) * 100000 = 4566 esMOX (4.57%)
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User C: (354.81 / 4310.35) * 100000 = 8231 esMOX (8.23%)
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User D: (1393.55 / 4310.35) * 100000 = 32330 esMOX (32.33%)
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User E: (2511.89 / 4310.35) * 100000 = 58275 esMOX (58.27%)
🎁 How to Claim
First Step: Claim your rewards on the Earn page in the Rewards section:
Claim Link: https://dapp.modemax.io/#/earn
Second Step: Stake for fees rewards
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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