MYX Finance has issued an official clarification regarding the 3% 'Binance Wallet Airdrop' allocation

BlockBeats News, August 7th, MYX Finance has released an official clarification regarding the distribution of 3% "Binance Wallet Airdrop." MYX Finance stated that this distribution is rather special and is difficult to reflect in a traditional token unlocking schedule. The specific details are as follows:

The entire 3% of the tokens will be reserved for MYX and Binance Wallet's joint community rewards program;

These tokens will be used specifically for future community activities and will not be immediately sold on the public market;

This batch of tokens was unlocked by 1.5% on August 5th, with the remaining 1.5% to be unlocked on November 6, 2025. After each unlock, Binance Wallet can decide to deploy these tokens in community activities. Before officially announcing such activities, the unlocked tokens will be held in a designated reserve wallet and will not enter circulation.

BlockBeats previously reported that the MYX perpetual contract on mainstream CEXs has reached the limit negative fee rate, with a 24-hour liquidation volume trailing only behind BTC and ETH. The current funding fee rate for MYX on Binance is -2%, with a settlement frequency of 1 hour.