hmxintern

[hmxintern @hmxdegen]

Reasons why $HMX is currently undervalued:

- $3.7B total trading volume in the first 3 months
- 0.36 Mcap/TVL ratio
- $1,3M in fees that'll be distributed among $HMX & $esHMX stakers
- 228K $HMX tokens vested for a year. (implies ~625 $HMX inflation rate ($5K) per day
- 4x lower than the daily generated fees assuming that the daily selling pressure of HMX is 625 $HMX (~$5K)
- $33M 24h hour trading volume

and last but not least, HMX's novel tokenomics compared to other notable players in the perp sector:

[HMX 🐉 @HMXorg]

Two weeks ago, we highlighted a few mechanics that make the tokenomics of $HMX unique 🪙

Now, let's take a closer look at how the tokenomics of $HMX compare to other tokens in the perpetual protocol sector! 👀

[hmxintern @hmxdegen]

How does HMX continuously expand its user base even in the current market?

@HMXorg’s novel Tokenomics is designed to reduce immediate sell pressure while driving & retaining users and engagement.

Users who trade on HMX will receive "Trader's Loyalty Credit" from their trade-to-earn program, which earns them $esHMX rewards weekly.

$esHMX is the escrowed version of $HMX, and requires one-year of linear vesting before becoming liquid.

This Tokenomics model establishes a flywheel effect to achieve two key objectives:

Real yield generation & token price sustainability.

[HMX 🐉 @HMXorg]

The tokenomics of $HMX were carefully designed to achieve two main objectives:

🔸 Real yield generation
🔸 Sustaining the token price

Today, we'll shed some light on the mechanics incorporated in our tokenomics design that aim to accomplish these objectives 😎

1/🧵

[hmxintern @hmxdegen]

The community asked and @HMXorg listened.

Ever thought about how you can benefit even more from HMX?

The answer is here: the HMX Referral Program.

HMX just launched its much-anticipated referral program!

https://t.co/swIhXekYax

Participants can enjoy:
→ Up to 15% trading fee rebates for referrers based on the weekly accumulation of Trader’s Loyalty Credits ($TLC) & the number of active users using their code.
→ Discounts on trading fees for those who use a referral code, determined by their $TLC balance.

Key Points:
→ Rebates & Discounts are settled every Thursday at 00:00 UTC based on the prior week's data.

Take a deep dive into the referral mechanics here:
https://t.co/fp2gFOifqD

Why is this bullish? 👇

The introduction of the HMX Referral Program is more than just rewards. It indicates a proactive approach to incentivizing platform adoption and user retention.

The network effect:

Benefit from the referral system >  promote HMX to your network > platform growth.

Coupled with tangible monetary incentives, HMX is poised for an uptrend in user activity and trading volume.

Referral link:
https://t.co/BDwGBQ1IfO

[HMX 🐉 @HMXorg]

Dragons 🐉, our referral program is officially LIVE! 🟢

You can now earn weekly rebates and enjoy discounts on fees through our referral program 💸

Refer now 🔽:
https://t.co/sYm4HBEEBm

[hmxintern @hmxdegen]

There are multiple variables transcending HMX above its competitors.

Let's dive into why HMX remains ahead of the competition from other CEXes & DEXes:

👇
--------------------
1⃣ HMX vs CEXes
--------------------

33% of Binance's futures trading happens on mobile.

One of the major advantages is UI/UX of the Binance mobile interface.

@HMXorg is changing the game with their new PWA with CEX-like features.

https://t.co/pFubdCbqzG

Combined with unique features such as:

→ Advanced order types
→ Subaccount support
→ 1-click Trading via Account Abstraction

$HMX not only to elevates UI but also redefines industry standards in terms of usability and functionality among LP-based perpetual platforms.

HMX's trading fees for $BTC & $ETH are only 0.04% of the position size.

This makes HMX's fees one of the lowest in the industry when compared to the top CEXes.

https://t.co/Y3PnGONKQ1

Last, but not least, HMX is a Next-Gen Decentralized Perpetual Exchange, allowing users a 'best of both worlds' trading experience.

--------------------
2⃣ HMX vs DEXes
--------------------

HMX is geared to convert users from the perp-giants like GMX, Synthetix, and dYdX.

https://t.co/yi9wiCVVGQ

Stand-out features of HMX > other DEXes include:

→ 0.06% difference in fee between $GMX and $HMX is a lot for whales
→ Cross-margin collateral management to enhance capital efficiency
→ Multiple assets as collateral, including $BTC, $ETH, $ARB, and more
→ PWA with CEX-like functionality, features, & UI/UX.

[Kaduna @KadunaBull]

$HMX just hit $2B in trading volume and is once again number 1 on Arbitrum in daily trading volume.

Thanks to the cheaper trading fees, I'm expecting more $GMX and $GNS users to make the switch.

There is 0 reason to pay more in fees. My thesis is playing out.

[hmxintern @hmxdegen]

There’s no reason to pay more in fees, and HMX's numbers keep back every week.

$GMX & $GNX users will slowly but surely make the switch to $HMX.

[hmxintern @hmxdegen]

HMX is ignoring market conditions in every way possible.

$1B trading volume in 60 days is good.

Doubling it to $2B in just 3 weeks is truly impressive. 🤝

Here is an update on the recent metrics from @HMXorg - $HMX ↓

[hmxintern @hmxdegen]

Trader's PnL is negative, so LPs are making monies.

[hmxintern @hmxdegen]

33% of Binance's futures trading happens on mobile. @HMXorg could change this with their new app.

Expect regular updates post-launch.

[hmxintern @hmxdegen]

CEXs have dominated perp DEXs for these reasons:

→ Better UX/UI
→ Lower fees
→ Mobile support

@HMXorg's solution: A Progressive Web App (PWA) with a mobile-friendly UI that offers:

[hmxintern @hmxdegen]

→ CEX-like UX & features
→ Capital Efficiency
→ 1-click trading
→ Cross-Margin
→ Multiple collateral options
→ On-chart trading
→ Account Abstraction

[hmxintern @hmxdegen]

@HMXorg Data:
▪️ Reaching $1m in fees
▪️ Currently at the 3rd place for daily vol of @arbitrum perps.
▪️ Over $40m in Open Interest
▪️ $21m in TVL
▪️ $19m in $HLP AUM

HMX is on pace to reach $5B in volumes by End Of Year.

[hmxintern @hmxdegen]

HMX launched 75 days ago & has almost reached $2B in trading vol.

While the first billion was incentivized, the second billion was reached organically, (and even faster than the first), showing that the platform is actually liked by its users (now close to 4,000).

[hmxintern @hmxdegen]

In the past two months, @HMXorg has only gone up:

→ $1B trading volume goal passed.
→ TVL breached the $20M mark.
→ Over $600K in trading fees generated.
→ 24h trading volume beat both GMX & GNS.
→ #1 for 24h Derivatives volume on Arbitrum.
→ Substantial traction on CT.