On August 5th, HashKey Global launched the 6th project on the HashKey Launchpool – Matr1x (MAX).

This Launchpool differs from previous campaigns by introducing a dedicated contract mining pool. Users can earn MAX rewards for 3 days based on their net contract positions. Users holding contract positions could register for the contract mining pool starting from August 2, 2024, at 08:00 (UTC), with earnings starting to accumulate from August 5, 2024, at 10:00 (UTC).

Introduction to Hashkey Global’s Holding Contract Launchpool

HashKey Global Launchpool is a financial product designed for all cryptocurrency traders. In previous Launchpool activities, participants staked a token (such as ETH or a newly listed token) to receive tokens from a new project, offering substantial returns, creating a seemingly risk-free opportunity for users.

In this new phase of Launchpool activities, a new gameplay involving holding contracts has been introduced alongside token staking. Essentially, the Holding Contract Launchpool distributes Launchpool tokens as rewards based on the user’s net futures positions. The net futures position is calculated as the absolute difference between the value of a user’s long positions and short positions.

Compared to previous Launchpool rules, the Holding Contract Launchpool truly rewards trading enthusiasts, not just token holders. This innovation by Hashkey Global distinguishes itself from other exchanges where Launchpool participants must qualify by staking the exchange’s platform token. The platform ensures that profits are genuinely shared with traders, enabling them to earn additional income outside of traditional exchange trading.

For projects participating in the Launchpool, the Holding Contract Launchpool gameplay helps them expand their investor base. With a diverse base of investment users, Hashkey Global provides projects with an opportunity to interact directly with investors through the Holding Contract Launchpool, thereby accelerating market acceptance of the projects.

Earnings Analysis: Participation in Hashkey Global’s Holding Contract Launchpool

Since its launch, HashKey Global’s Launchpool mining activities have delivered impressive returns and attracted significant market attention. The annualized returns (APY) for native mining of $UXLINK and $ATH have exceeded 500%, well above the average level.

The profit calculation method for the Holding Contract Launchpool is as follows:

Hourly yield for futures pool = [(Value of your net futures positions) / (Total value of net futures positions of all participants)] × (Hourly MAX Prize Pool)

Net futures positions = | Σ(Value of long positions) – Σ(Value of short positions) |

APR = Estimated mining rewards / Margin balance in the user’s futures account.

For this Holding Contract Launchpool, there is no minimum requirement for the net futures holding value, and the maximum net futures position value is $50,000. The Holding Contract Launchpool reward pool offers a total of 350,000 MAX in rewards.

Compared to earning Launchpool rewards by staking tokens, the Holding Contract Launchpool has a higher threshold as it requires users to engage in actual trading. Therefore, for each participant in the Holding Contract Launchpool, the potential returns per unit of capital may be higher than the previous staking method, increasing capital efficiency.

User Guide: How to participate in Hashkey Global’s Holding Contract Launchpool

1) Account Login (KYC required)

For new users, you need to register, log in, complete KYC, further proceed with deposits and contract trading to ultimately participate in the Holding Contract Launchpool activity.

Step 1: Register an Account

Step 2: Log in to your account

Step 3: Complete KYC

After uploading basic KYC information, you can participate in the Launchpool activity upon completion of verification.

2)Trading Process

Step One: Deposit funds and transfer them to the “futures account.”

Step Two: Go to the Launchpool page, select the “futures pool.”

“Register” button on the new pool page to participate. After registration, all net futures positions will be used for mining in the new pool.

Step Three: Enter the contract trading page, select your preferred trading pair, choose the leverage, and confirm the trade.

Note: There are no restrictions on leverage or capital amount for opening positions. Earnings are calculated based on the proportion of your net position to the total position amount participating in the activity. In other words, if you hold both long and short positions to hedge risk, the calculation considers the absolute difference between the two positions rather than the sum of them.

3）Viewing Earnings

You can check the real-time APR of the activity on the Launchpool event page.

https://global.hashkey.com/en-US/launchpool/detail/1092561

Risk Management

Hashkey Global’s contract trading involves trading digital asset derivatives with high leverage and high risk. Therefore, before opening contract trades, users must fully understand the risks associated with contract trading and the trading rules of Hashkey Global’s contracts. By engaging in contract trading, users indicate that they fully understand and are willing to assume the risks associated with contract trading.

Risks associated with contract trading include but are not limited to: price fluctuation risk, forced liquidation risk, and trading risk.

In particular, when users use high leverage, they expose themselves and the market to significant risks, potentially leading to forced liquidation and financial losses in the face of extreme market conditions.

Latest Launchpool Project Overview: Matr1x (MAX)

Matr1x Project Overview

Matr1x is an innovative cultural and entertainment platform that combines Web3, AI, and esports. Matr1x aims to revolutionize the global gaming and digital content industries through blockchain and AI technologies, with the goal of benefiting all stakeholders in the global entertainment industry.

Currently, the MATR1X platform features four native Web3 games: FPS mobile game MATR1X FIRE, Battle Royale mobile game MATR1X BATTLE, RPG+Roguelike AAA game Castile, and MOBA mobile game Evermoon. The platform also includes the esports platform GEDA and the game blockchain M1-Chain based on the OP stack. On the Android platform alone, MATR1X FIRE has been downloaded globally over 2.5 million times.

Matr1x has raised over $20 million in funding. Seed and Series A-1 funding: $10 million led by Hana Financial Investment, with follow-on investments from Hashkey Capital, Amber Group, SevenX Ventures, and others.

Series A-2 funding: over $10 million led by Folius Ventures and SevenX, with participation from ABCDE, Find Satoshi Lab, Jambo Ventures, and strategic investments from OKX Ventures, Animoca Brands, and Makers Fund.

MAX New Coin Pool Details

$MAX is the governance token of the MATR1X platform, with a total supply of 1 billion tokens, designed to support applications and services within the ecosystem. The specific allocation is as follows:

1. Platform incentives: 27.6% (276,000,000 tokens)
2. Ecosystem: 16% (160,000,000 tokens)
3. Community: 10% (100,000,000 tokens)
4. Airdrop to NFT: 9.4% (94,000,000 tokens)
5. Early bird activities: 5.5% (55,000,000 tokens)
6. Team and investors: 30% (300,000,000 tokens)
7. Advisors: 1.5% (15,000,000 tokens)

$MAX Utility

1. Community governance: Participate in MATR1X community governance, including proposing and voting on decisions.
2. Ecosystem value acquisition: Participate in platform treasury allocations, MATR1X Launchpool, and receive airdrops from other projects.
3. Exclusive privileges: Enjoy exclusive benefits such as releasing games on the MATR1X platform and competing for club membership.
4. Staking and rewards: Stake $MAX to become an ecosystem node, earn rewards, and participate in governance decisions of the MATR1X blockchain, including profit distribution.

Terms and conditions

1. The yield earned will be deposited into clients’ Custody Account every 24 hours after the Launchpool starts. Clients’ yield will be refreshed hourly.
2. For Futures Pool, users need to have net futures positions to be eligible for yield calculation. And users must click the “Sign Up” button on the Launchpool page to participate. After signing up, all net futures positions will be used for Launchpool mining.
3. For MAX pool, locked assets can be unlocked anytime. No yield will be generated on the hour when clients withdraw their locked tokens.
4. Clients participating in the campaign should abide by all rules and guidelines. Any behavior that may be inconsistent with the rules or affect the experience of other clients (as determined by HashKey Global in its sole discretion) will result in disqualification from participating in the campaign and the cancellation of rewards obtained during the campaign. Violations include opening multiple accounts and other activities suspected of being illegal, fraudulent, or harmful.
5. HashKey Global reserves all rights to interpret the campaign terms. Please stay tuned for further announcements from HashKey Global.
6. By opting to participate in any campaign, you confirm that you have read, understood any applicable disclaimers and risk warnings, and agreed to abide by the campaign rules and terms.

Disclaimers:

HashKey Global is a digital assets exchange platform operated by HashKey Bermuda Limited under a Class F license granted by the Bermuda Monetary Authority.
The information provided in this communication is for general information purposes only and may be modified or changed at our sole discretion. The information does not constitute any solicitation or investment advice. Please be aware that digital assets, including cryptocurrencies, are highly volatile and subject to market risks.
Participation in this campaign does not guarantee eligibility, acceptance, or receipt of any rewards, benefits, or incentives. HashKey Global may impose certain criteria, requirements, or limitations for participation, and it reserves the right to deny or disqualify individuals or entities from participating in the program. HashKey Global reserves the right to make changes, modify, or cancel the campaign or the eligibility of any participant at any time at its sole discretion, including due to internal control, system issues, rules and regulations, or other circumstances, including adjusting rewards to be received, without any prior notice or liability.
To the maximum extent permitted by law, HashKey Global, its affiliates, partners, and employees shall not be liable for any direct, indirect, incidental, consequential, or special damages arising out of or in connection with your participation in the campaign, including but not limited to any loss of funds, profits, data, or reputation.
In order to comply with local regulations, this campaign, the relevant tokens and HashKey Global may not be available in your region, including but not limited to Crimea, Cuba, Donetsk, Iran, Luhansk, North Korea, Syria, Malta, United States, mainland China, and Hong Kong. It is your responsibility to ensure that your participation in the program is lawful in your jurisdiction and that you meet any required legal and regulatory obligations.
No guarantee of token listing: participants understand and agree that HashKey Global does not guarantee and there is no assurance that the tokens under this campaign will be listed, traded, or made available on HashKey Global. The decision to list the token is at the sole discretion of HashKey Global and may be subject to various factors, including but not limited to internal approvals, regulatory compliance, market conditions, and exchange policies.