opBNB Odyssey has launched, why is MEKE public testing one of the necessary project interactions to participate in?

Source: MEKE

(This content contains only HTML tags and punctuation marks, which will be returned as is.)

As one of the most anticipated L2s in the second half of this year, opBNB, the official L2 of BNB Chain, launched its own Odyssey activity on August 10th. In recent years, the launch of Odyssey activities has become a clarion call for L2 projects to expand their market. The most influential airdrop project in the cryptocurrency world, Arbitrum, launched its Odyssey activity last year and brought huge surprises to its participants. Participants received thousands to tens of thousands of ARB airdrops, worth thousands to tens of thousands of USDT.

The main task of the current opBNB Odyssey activity is to complete the mutual transfer of assets between the BNB test chain and the opBNB test chain. Users need to receive BNB from the BNB test chain faucet, transfer it to the oPBNB test network, and then perform various operations such as withdrawal and transfer through the opBNB test network. Binance provides NFT rewards and a $50,000 airdrop reward for activity participants. Although this activity did not mention whether there will be an opBNB platform coin airdrop, based on previous L2 cases, there is a high probability that opBNB platform coin will be airdropped.

Due to MEKE being deployed on the opBNB testnet, participating in the MEKE public beta not only allows completion of most tasks for the Odyssey event, but also enables contract interaction with the opBNB testnet. Interacting with contracts on the opBNB testnet greatly increases the chances of receiving rewards. In the two L2 projects, Arbitrum and Optimism, which have already distributed airdrops, an important criterion for receiving more airdrops is contract interaction on the network. MEKE is built from multiple efficient contracts, so participating in the MEKE public beta allows for more contract interaction on the opBNB testnet.

Why choose to participate in the MEKE beta test?

On the one hand, MEKE is the first on-chain derivative trading protocol on opBNB, and participating in MEKE can provide greater opportunities for opBNB Odyssey rewards. On the other hand, MEKE itself has impressive strength.

In the entire cryptocurrency industry, derivative trading is a rather huge market, with a daily trading volume of nearly hundreds of billions of dollars in perpetual contract trading alone, and this number is still expanding. According to data from Binance's survey, the cryptocurrency derivatives market currently accounts for 74.2% of the 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 grow to 231.2 billion US dollars by 2030. Currently, trading of cryptocurrency derivatives such as perpetual contracts has become the main source of income for centralized top-tier trading platforms such as Binance and OKEX.

However, with the increasing regulatory pressure and people's desire for transparent trading, users prefer to use decentralized perpetual contract trading platforms that have real trading data, traceable transactions, and immutable data. MEKE is providing users with such a decentralized perpetual contract trading service.

Perpetual contract trading on the chain 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. However, with the emergence of opBNB and MEKE's strong technical capabilities, MEKE has not only achieved the characteristics of traceability throughout the entire transaction process, but also has a smooth experience similar to centralized trading platforms.

Whether viewed from the overall environment of the cryptocurrency world or from the perspective of trader demand, decentralized perpetual contract trading is the trend of the entire industry. It can be imagined that in the future, a leading product in the on-chain encrypted derivatives market will emerge, just like Binance and Coinbase today. MEKE may be one of them.

MEKE's first public beta will end on August 14th. Participating in the MEKE public beta will entitle you to receive the platform's token, MEKE, and increase your chances of winning opBNB. For more details, please long-press to copy and click to enter the MEKE official community.

Telegram：https://t.me/MEKE_Club

Discord：https://discord.gg/meke

Twitter：https://twitter.com/MEKE_PROTOCOL

This article is from a submission and does not represent the views of BlockBeats. Participation in the new ecosystem should be cautious, and users should handle their personal assets properly.  

Welcome to join the official BlockBeats community:

Telegram Subscription Group: https://t.me/theblockbeats

Telegram Discussion Group: https://t.me/BlockBeats_App

Official Twitter Account: https://twitter.com/BlockBeatsAsia