MYX Finance (MYX) Officially Lists on Bittime — An Innovative BEP20 DeFi Project

Bittime - After attracting attention on various networks such as Linea, Arbitrum, and BNB Chain, now MYX Finance (MYX) officially listed on Bittime, opening up opportunities for users in Indonesia to more easily access these DeFi assets.

MYX Finance is known for its innovative concept in providing a more efficient, transparent, and secure derivatives trading experience.

Through a non-custodial approach, MYX allows users to trade futures contracts directly on the blockchain without having to give up control of their assets.

With MYX's presence on Bittime, opportunities for local investors to learn about and participate in the DeFi ecosystem are increasingly wide open.

What is MYX Finance (MYX)?

MYX Finance is a decentralized derivatives exchange platform that enables trading of futures contracts (perpetual contracts) for various types of tokens.

Different from conventional exchanges that require intermediaries, MYX uses a systemnon-custodial, meaning users retain full control over their assets during transactions.

The protocol is designed to lower the cost of capital for liquidity providers, remove network barriers for traders, and make derivatives trading as easy as spot trading.

MYX is one of the DeFi projects that strives to bridge user convenience with modern, efficient, and transparent financial technology.

Read also: What is Common Protocol (COMMON)? Features, Tokenomics, and Pricing

How MYX Finance Works

MYX Finance operates on a system calledMatching Pool Mechanism (MPM)Instead of using an order book like a traditional exchange, MYX combines all liquidity into a single pool that serves as collateral for transactions.

When a user opens a buy or sell position, the system will automatically match the order with the available funds in the liquidity pool.

Each transaction is secured by a smart contract, ensuring that all trades remain fully secured without third-party risk.

Interestingly, MYX also implements two layers of accounts which separates asset storage and trading activities.

This means that users retain full control over their assets, while trading activities are conducted with separate authorizations for greater efficiency and security.

In addition, MYX uses technologychain abstraction, which allows users to make cross-network transactions without the need for bridging manual. 

Assets held on over 20 networks such as Ethereum, Solana, and BNB Chain can be used directly as collateral on this platform.

Read also: What is a Piggycell (PIGGY)?

About MYX Token

Token MYXis the core asset of the MYX Finance ecosystem. This token serves several important functions, from protocol governance to providing user incentives.

MYX token holders can participate in the decision-making process within the platform through mechanisms/governance. 

By locking tokens for a specified period, users can gain voting rights to determine the direction of MYX's development. This includes adjusting transaction fees, risk limits, and the list of new assets to be supported.

In addition, MYX also provides an opportunity for token holders to get a share of trading fees through the staking program.

This provides a double benefit, where users not only play an active role in the ecosystem, but can also earn passive returns from trading activities on the platform.

Tokenomics Token MYX

The total supply of MYX tokens is set at 1 billion tokens, with distribution designed to support sustainable ecosystem growth. The breakdown is as follows:

• Ecosystem Incentives: 40% (divided into two stages)

• Private Sale Investor: 17,5%

• Team, Advisors and Contractors: 20%

• Airdrop and Bounty: 11,7%

• Initial Liquidity: 4%

• Community Round: 2%

• Treasury: 1,8%

• Future Airdrop (Binance Wallet): 3%

This distribution shows that MYX's primary focus is on community development and long-term growth through strong ecosystem incentives.

MYX Latest Price Movement

Price MYX Finance (MYX)currently located around $2.64or equivalent to Rp43.000, with daily trading volume reaching $40 million. Based on data from CoinMarketCap, MYX is ranked#103with a market capitalization of around$544 million.

Currently, the number of MYX tokens in circulation reaches 206 million tokensof the total maximum supply1 billion tokens. Although there was a slight decrease of 0.04% in the last 24 hours, MYX trading activity continues to show high interest from the global DeFi community.

With MYX listing on Bittime, investors in Indonesia can now more easily buy, sell, or store these tokens directly through an officially supervised platform.

Read also: What Is SnapX (XNAP)? A Guide, Price, and Token Information

Conclusion

MYX Finance presence in Bittime is a significant step in expanding DeFi adoption in Indonesia. With innovations like the Matching Pool Mechanism and cross-chain support, MYX offers a new way to participate in the derivatives market without losing control of your assets.

Through its transparent tokenomics model and community-driven governance system, MYX has the potential to become a robust and sustainable DeFi project. If you're interested in exploring the world of on-chain derivatives trading, MYX could be a project worth considering.

How to Buy Crypto on Bittime

Want to trade sell buy Bitcoins and crypto investment easily? Bittime is here to help! As an Indonesian crypto exchange officially registered with Bappebti, Bittime ensures every transaction is safe and fast.

Start with registration and identity verification, then make a minimum deposit of IDR 10,000. After that, you can immediately buy your favorite digital assets!

Check the exchange rate BTC to IDR, ETH to IDR, SOL to IDR and other crypto assets to find out today's crypto market trends in real-time on Bittime.

Also, visit the Bittime Blog for interesting updates and educational information about the crypto world. Find reliable articles about Web3, blockchain technology, and digital asset investment tips designed to enrich your crypto knowledge.

FAQ

What is MYX Finance?

MYX Finance is a decentralized derivatives trading platform that allows users to trade futures contracts directly on the blockchain.

What makes MYX different from other DeFi platforms?

MYX offers a centralized liquidity system through the Matching Pool Mechanism and supports over 20 blockchain networks without the need for manual bridging.

Where can I buy MYX Token?

You can buy MYX token di Bittime, one of the most trusted crypto asset trading platforms in Indonesia.

What is the current price of MYX?

The current price of MYX is around $2.64with market capitalization reaching $544 million.

Is MYX safe to use?

Yes, MYX uses a non-custodial system that ensures users retain full control over their assets during transactions.