Don’t miss out on the four giants of APT, ARB, and other airdrops, and don’t miss out on MEKE.

Don't miss out on the APT, ARB, and other airdrops, as well as MEKE.

opBNB has just concluded the Odyssey event from the testnet to the mainnet from August 10th to August 25th. Participating in this event had the chance to win an NFT and share a $50,000 airdrop. For those who missed it, don’t be discouraged. The opBNB ecosystem is just getting started. Several star projects on the BSC have already announced their entry into opBNB. These are all opportunities.

What is more important is to pay attention to the high-quality projects that are deployed and issued on opBNB for the first time. They have huge potential and relatively generous returns, such as MEKE – a decentralized derivatives trading platform developed by a US team in 2021. It mainly supports perpetual contract trading of mainstream cryptocurrencies such as BTC and ETH. In the future, it will also expand to futures of physical assets such as gold, oil, and US bonds, entering the trillion-dollar RAW market.

1. Why MEKE?

In terms of L2 networks, the narrative story of the crypto world in 2023 is L2. Platforms with a large number of users have all laid out their plans on L2 this year, such as Coinbase’s Base and Binance’s opBNB. In order for L2 networks to remain active, there need to be enough users to use and contribute liquidity. Binance is the largest exchange platform in terms of global user volume, and BNBchain has a high level of user activity. With the massive user flow of Binance and the large-scale ecosystem of BNB, opBNB attracted global attention as soon as it was launched. Naturally, projects launched on opBNB will attract market attention, such as MEKE – the first decentralized derivatives trading platform on opBNB.

In terms of DEX development, DEX has risen since 2020 and has accumulated a considerable trading volume over the past two years. Looking at monthly data, the trading volume in November 2022 reached $91 billion, which is a 460% increase compared to $16 billion in November 2020. Compared to CEX, DEX only accounted for 1% of CEX trading volume in 2020. After the FTX incident last year, this number rose from 10% in September 2022 to 16% in November, showing a clear upward trend. This trend is also confirmed by Coinbase’s second-quarter financial report in 2023, showing a clear migration of cryptocurrency trading volume from CEX to DEX. MEKE is a decentralized derivatives trading platform, in line with the rising trend of DEX and has unlimited potential in the future.

In terms of the potential of the cryptocurrency derivatives market, it is currently one of the largest markets in the cryptocurrency industry, with regulatory pressure and rapid market growth providing favorable conditions for its development. According to a recent DeFi derivatives report released by Binance, the cryptocurrency derivatives market currently accounts for 74.2% of the total trading volume, with a monthly trading volume of $1.9 trillion. Data analyst Emperor Osmo predicts that the revenue of the cryptocurrency derivatives market will increase from the current $960 million to $231.2 billion by 2030. Therefore, MEKE, as a derivatives exchange relying on transaction fees as the main source of income, will undoubtedly gain huge profits and development space.

From the perspective of platform performance, unlike traditional perpetual contract exchanges, MEKE is deployed on the BNB L2 network opBNB, which gives MEKE a high degree of decentralization: first, it ensures that every transaction is recorded on the blockchain, eliminating the bad behavior of CEX’s opaque operations and misappropriation of user funds; second, it relies on smart contracts to complete all transaction operations, making the entire transaction process open, transparent, and traceable, and no one can tamper with it; and the code has been reviewed by the security institution Certik, providing a strong guarantee for the security of user assets; finally, in terms of performance, MEKE also balances security and efficiency well. On the basis of ensuring the security of user assets and transactions, it can process over 4,000 transfer transactions per second and keep platform transaction costs below 0.005U, allowing MEKE users to enjoy high throughput and low fees at the same time.

2. MEKE Public Beta, How to Seize the Opportunity?

Currently, MEKE is undergoing public beta testing on the testnet, and the public beta is expected to have three rounds. The first round has ended on August 14th, and the second round of public beta is currently in progress and will end on September 6th.

According to the market feedback from the first round of public beta, MEKE users already have over 35,000 independent wallet addresses on the opBNB testnet, with a 24-hour trading volume in mid-August approaching 300 million USDT, demonstrating its popularity. Participating in MEKE’s public beta has benefits comparable to early participation in dYdX, Optimism, and Arbitrum testing. There are two ways to receive airdrops:

(1) Trade with USDT during the public beta, and if the total value of the traded assets (calculated in test USDT) is greater than or equal to the obtained test USDT, you can receive a corresponding amount of MEKE airdrops. If the total value of the traded assets is less than or equal to the obtained test USDT, the airdrop quantity will be equal to the USDT value of the total traded assets.

(2) Calculate airdrop points based on completing airdrop 1. For each additional point, the additional airdrop quantity will increase by 1% of the obtained quantity. The condition for participation is to obtain at least 100,000 USDT in test USDT.

① Increase 0.3 points for daily trading volume ≥ 1 million USDT

② Increase 1 point for participating in the activity through an invitation link

③ Increase 0.1 point for successfully inviting users to participate in the public beta, and the invited user obtains at least 100,000 USDT in test USDT

④ Reward the inviter with additional MEKE airdrops for successfully inviting users to participate in the public beta. The additional airdrop quantity is equal to 2% of the airdrop quantity obtained by the invitee.

From APT to BLUR, to ARB; from ordinals to PEPE to BALD, and then to friend.tech. Each airdrop in the crypto world has swept the entire network at an unprecedented speed, bringing wealth legends that countless crypto users envy. Now MEKE has emerged and may be the next hot spot to ignite the market. Everyone can subscribe to the MEKE community to closely follow the dynamics of MEKE and seize the opportunity to participate in this highly potential project.

Long press to copy and click to subscribe to the MEKE official community to grasp the rewards of the second phase of the public beta;

Official Website:

https://meke.fun

Telegram:

https://t.me/MEKE_club

Discord: 

https://discord.gg/meke

Twitter: 

We will continue to update Blocking; if you have any questions or suggestions, please contact us!

Share:

Was this article helpful?

93 out of 132 found this helpful

Discover more

Blockchain

I left the project side and went to the exchange.

In the first article of "Industry Reflection", we briefly reviewed the secondary market conditions of the f...

Blockchain

Hacker's "honeypot": the exchange has been stolen 1.36 billion US dollars, accounting for 59.2% in 2018 alone

Bitrue, a Singapore-based cryptocurrency exchange, today announced a hacking attack that cost $4.3 million worth of X...

Blockchain

The data is good for the stock market of the sudden market: Which is the liquidity of the exchange?

This paper analyzes and compares the liquidity of major exchanges on April Fool's Day. In the short time from 12...

Blockchain

Number said | In the first half of 2019, blockchain private placement financing of 11.851 billion yuan exceeded 60% of funds invested in the US market

As the cryptocurrency undergoes the “Bear Bull” conversion, the blockchain private equity financing mar...

Market

Three days after listing, trading volume is lackluster. The first-ever leveraged BTC ETF in the US did not have a good start.

First leveraged cryptocurrency ETF in the US underperforms expectations three days after listing.

Blockchain

Raise $130 million! Encrypted exchange INX will issue securities tokens via IPO

According to Coindesk's August 20 report, the incremental exchange startup INX Limited plans to raise $129.5 mil...