Grasp the opportunity of MEKE public beta and seize the core of Binance Chain Odyssey.
Seize the opportunity of MEKE public beta and grasp the core of Binance Chain Odyssey.As one of the most watched L2 projects in the second half of this year, Binance Chain’s official L2 opBNB started its own Odyssey event on August 10th. In recent years, the start of the Odyssey event has become a horn for L2 projects to expand their market. The most influential airdrop project in the cryptocurrency world, Arbitrum, started its Odyssey event last year and brought huge surprises to its participants. Participants received airdrops of ARB ranging from a few thousand to tens of thousands, worth thousands to tens of thousands of USDT.
The current opBNB Odyssey event’s main task is to complete the transfer of assets between Binance Testnet and opBNB Testnet. Users need to claim BNB from the Binance Testnet faucet, transfer it to the oPBNB testnet, and then perform various operations such as withdrawals and transfers on the opBNB testnet. Binance provides NFT rewards and $50,000 worth of airdrop rewards for event participants. Although this event did not mention whether there will be an airdrop of the opBNB platform token, based on past L2 cases, there is a high probability that opBNB will airdrop the opBNB platform token.
With the support of Binance exchange, the opBNB Odyssey event is naturally lively. When many cryptocurrency users flock to the Odyssey, a decentralized derivative trading protocol called MEKE also attracts attention! Because MEKE is the first on-chain derivative trading platform on oPBNB, users who participate in the MEKE public beta basically complete most of the tasks of the opBNB Odyssey plan and can also receive airdrops of MEKE platform tokens.
MEKE is a decentralized derivative trading protocol developed by a team from the United States. It has been deployed on the opBNB testnet and has started a public beta, which ended on August 14th. MEKE can be used for perpetual contract trading of various mainstream cryptocurrencies such as BTC and ETH. In the future, it will also consider trading gold, foreign exchange, US bonds, and other assets. The main functions of MEKE are deployed on the opBNB chain, and all transactions can be queried on the opBNB chain. It has characteristics such as tamper-proof and traceability, ensuring the transparency of the entire transaction.
- Analyzing the Landscape of Investment DAOs Definitions, Categories, Structures, and Design Space
- Exploring the Potential of SocialFi Decentralized Social Media
- 5 key risks of USD stablecoins that the Federal Reserve is most concerned about
Since MEKE is deployed on the opBNB testnet, participating in the MEKE public beta can not only complete most of the tasks of the Odyssey event but also interact with the oPBNB testnet for contract interaction. Interacting with the oPBNB testnet can greatly increase the probability of obtaining rewards. In the two L2 projects Arbitrum and Optimism that have already distributed airdrops, an important criterion for obtaining more airdrops is to interact with the network. MEKE, due to its multiple efficient contract constructions, allows participants in the MEKE public beta to obtain more interactions with the oPBNB testnet.
Why choose to participate in the MEKEpublic beta?
On the one hand, MEKE is the first on-chain derivative trading protocol on opBNB, and participating in MEKE can increase the chance of receiving greater opBNB Odyssey rewards. On the other hand, MEKE itself has considerable strength.
In the entire cryptocurrency industry, derivative trading is a significant market, with daily trading volume in perpetual contract trading alone reaching nearly billions. According to data from Binance, the cryptocurrency derivatives market currently holds a 74.2% market share in total trading volume. The monthly trading volume of cryptocurrency derivatives has tripled in the past three years. With the booming development of the cryptocurrency derivatives market, it is expected that the market revenue will increase to 231.2 billion US dollars by 2030. Currently, perpetual contracts and other cryptocurrency derivatives trading have become the main source of income for centralized exchanges such as Binance and OKEX.
However, with increasing regulatory pressure and people’s desire for transparent trading, users are more inclined to use decentralized perpetual contract exchanges that provide real trading data, traceable transactions, and tamper-proof data. MEKE is precisely providing users with such a decentralized perpetual contract trading service.
On-chain perpetual contract trading has been mentioned by some technical experts for a long time, but due to technical limitations, most on-chain perpetual products are complex to use and cannot keep up with processing speed. Due to the emergence of opBNB and MEKE’s strong technical capabilities, MEKE not only realizes traceability throughout the entire trading process but also provides a smooth experience similar to centralized exchanges.
Whether from the perspective of the overall cryptocurrency world or the demand of traders, decentralized perpetual contract trading is the trend of the entire industry. It can be imagined that in the future, the on-chain cryptocurrency derivatives market will give rise to leading products like Binance and Coinbase. MEKE may be one of them.
The first phase of MEKE’s public beta will end on August 14th. Participants in the MEKE public beta will receive platform tokens MEKE airdrops and increase their chances of winning opBNB. For more details, please long-press to copy and click to enter the MEKE official community.
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!
Was this article helpful?
93 out of 132 found this helpful
Related articles
- From Isolation to Collaboration The Significance of Data Pipelines in Web3
- Analyst The top 15 performing stock ETFs of the year are all related to cryptocurrencies.
- POW track turns red and heats up Dynex, coin price soars several times, facing multiple community doubts behind
- Can tech giants bet on Web3 wallets to become a leverage point in the industry?
- What is the impact of improving the token economics of $RLB? What is its potential?
- Analyzing the first zk-fraud-proof system, the combination of Optimistic Rollup and ZKP
- The Metaverse applies continuous decoding of the ‘hard technology’ of the Hangzhou Asian Games.