live perp with a smooth gamified trading ( + instant reward )
Their lootbox is opening in December 👀
A live gamified Perp with the backing of @hashed_official
This is not one of those bullshxt roadmap coming soon perp
This is a live perp with a smooth gamified trading ( + instant reward )
@merkle_trade
( Their lootbox is opening in December 👀 )
Content preview
🔹 What is Merkle trade
🔹 The USP of Gamified Perp
⭐ Actionable on getting the Gamified incentives
🔹 Summary & why am I so active
I hope I have provide you joy, alpha and value throughout my 179 post since Jan2023.
For my loyal readers & community, I apprecate all the dms & support msg throughout my ups & downs this year!
I will keep this substack free, but if you ever want to support me feel free to join my subscription
🔹 Merkle trade
is a Omnichain Gamified perp DEX powered by L0 & backed by @hashed_official
Their oracle is using @PythNetwork & LP is synthetic model with liquidity provider providing USDC as trader's counter party
This allow them to list new assets like $TIA $MEME $PYTH asap
🔹 The USP of Gamified Perp
TOO many perp, TOO little difference
You can speculate on the cheaper fork valuation, who shilled etc.
But as perp market matures USP ( unique selling point ) is required
I mean, bro when is the last time u checked a pancake or solidly fork?
⭐ Actionable on getting the Gamified incentives
So how does gamified part works?
TLDR is
2 main incentives Level up or weekly missions
⏺️ Weekly mission
Small task per week to earn loot box
⏺️ Level UP
Doing mission + tradings = XP
More EXP = Higher Level = Better loot box
What is Loot box
Each loot box would be given pMKL depending on rank of the box
$pMKL is basically a "pre" token that will receive $ MKL
⏺️ Weekly mission
Each week there are some simple basic mission you can take advantage of like 5% pnl ( u prob shouldn't trade if u cant do this lol )
Level UP ( XPs )
You earn XP as you are trading, every $ 1 usd in fees gives you 100XP and each new level gives you a box
I have also added a level & XP required to level up chart below
There is also a bonus in boosting XP in various activity like trading streak.
I haven't tested the boost yet, will try it out n update u guys in a few weeks
🔹 Summary & why am I so active
I have been less active on the perps comparing to Jan earlier this year.
But with the recent hype of HMX, Vertex, Goodentry i think the money & attention is rotating back into perps and Merkle position as a gamified perp will benfit from it
Just for reference, early traders of HMX & Vertex was both rewarded nicely ( but i faded them )
So as part of my bet on the upcoming perp market trend, trading on early perp is on of my bets
Will keep u guys update about this!
feel free to use my referral code
https://app.merkle.trade?ref=O5GFCV5I
I will keep this substack free, but if you ever want to support me feel free to join my subscription
