Binance Alpha project painless score brushing, taking you to explore early memes - MYX What should I do if I can't resist short selling? Many perpetual contracts for new currencies have not yet been listed on mainstream exchanges, but are in a market called @MYX_Finance's dex saved my dog's life. Why is it said that it may become Uniswap in the field of perpetual contracts? I first noticed MYX because of a coin that has not yet been listed on CEX. I noticed that there were too many mouse positions on the chain and they were constantly selling, but I could only buy and not short. I made money with MYX. MYX is still before IDO, and the project team has updated the roadmap: anyone can create their own contract trading pairs like Uniswap, without the need for review or permission. This breaks the logic of traditional sustainable markets, where in the past it was the market that decided whether you could trade, but now it is the market that decides for itself. It's a bit like after the emergence of Uniswap, the spot market changed from a "listing review system" to a "clear eyed system for the public". Where is the innovation point of the mechanism? At present, most on chain perpetual protocols are still imitating the order book model of centralized exchanges, but MYX uses a mechanism called MPM-AMM, which means that market makers do not need to bet on direction, but only earn transaction fees based on market fluctuations. It is much more user-friendly for ordinary users and also lowers the threshold. I actually tried it out and a few experiences left a deep impression on me: Opening a position with almost zero slippage and a good trading experience; LP has low risk and is not prone to liquidation; Adding email login has lowered the user experience threshold. How to earn points and engage in low-cost arbitrage on Binance Alpha Binance's recently launched Alpha Double Points campaign is quite interesting, with a 3.5 million U prize pool and a point boosting mechanism. There are many gameplay options and potential airdrops. For those who have some medium to low-risk funds on their side, it is possible to consider the scenario of "brick and mortar arbitrage". In this round of activities, my focus is on MYX's reasons, which are actually quite direct: A large prize pool, few people, and a large share. The MYX prize pool exceeds 5.1 million, but there are only 5000 spots available, and each person can win thousands of them, directly crushing other projects. The coin price is stable, the sliding point is low, the entry and exit are fast, and it is very comfortable to brush. It is not easy to be trapped and is particularly suitable for climbing the charts. The contract can open short positions, match multiple orders to offset points, and hedge risks, achieving the goal of "brushing points without losing money", and even making profits while playing. After becoming MYX VIP, the transaction fees are extremely low, even cheaper than Binance market makers, and the efficiency of point brushing is directly maximized. Some people use a "half brush, half stay" approach, competing for rewards while also seeking potential increases or airdrops in the future. This combination strategy is quite flexible. From the perspective of the project itself, MYX has recently launched a staking network, where node staking requires a 7-day lock up period, which has a certain compression effect on the overall flow. At the same time, the threshold for node participation has also created a wave of buying support. The daily trading volume of the platform is currently around 30M, which is considered active, and the mechanism is still gradually improving. At present, the circulating market value is 7.5M, and the total market value is 80M. Compared with similar projects like GMX FDV, which once surged to 600M, MYX is still in its early stages. We dare not say if there is a future, but there is still room for exploration. Potential opportunities and risks coexist MYX is like a "radar station" that captures the early market trends of meme coins. For example, before a certain animal coin was launched as a perpetual contract on CEX recently, MYX had already gone through a round of speculation. Its multi chain strategy is also very interesting. Initially based on Linea, it now focuses on expanding BSC, which can not only enjoy the technological dividends of Ethereum Layer2, but also access Binance's traffic. Now it is clearly stated that we want to expand to Solana, which looks like taking advantage of the sky high traffic of meme. However, the liquidity depth of MYX is not as good as that of traditional large exchanges, and the clearing mechanism needs to be tested in extreme market conditions. Community autonomy may bring risks of abuse, such as project parties building contracts and smashing them. But overall, it provides a more flexible and open derivatives market, allowing us to participate in the market of some potential currencies earlier. Differentiation in horizontal comparison The biggest difference between MYX and other projects is that anyone can issue contracts in the market like issuing coins, and liquidity providers do not have to bet on direction. They only rely on market activity to make money, which is equivalent to http://Pump.fun The idea has been moved to perpetual contracts. It is becoming the earliest place for meme contracts to take off. If we really do it later, the current valuation of 100 million is not the ceiling, but the floor. Of course, it also depends on whether the market's liquidity is sustainable, whether there will be problems with community autonomy, and whether real users can be retained in a bear market. The possibility of industry evolution If the MYX mechanism really works, it may change the pattern of on chain trading. Coin issuance projects will be directly synchronized with contracts, and the on chain contract market will become a barometer for judging the popularity of new coins. Arbitrage methods will also be more flexible. The most important thing is that it may enter an era of universal participation in the perpetual contract, as Uniswap did when it ignited the local dog craze. Although there will be a foam in the process, it may also hide new opportunities.