PopDEX launches Open Beta and introduces the MegaPop rolling prize pool
BIBIBI
AT A GLANCE
PopDEX announced the opening of its public beta and introduced the MegaPop on-chain prize pool, which settles weekly and rolls over unclaimed prize money.
Article
PopDEX fully opens, launching an unlimited weekly on-chain rolling prize pool for real traders
BlockBeats reported that October 19, according to official information, PopDEX announced the official launch of Open Beta, and users can now enter the platform to trade without an invitation code.
At the same time, PopDEX launched MegaPop, an on-chain trading lottery mechanism. The team seeded the first-day prize pool with 150,000 USDT, and subsequently, the platform's 40%in net trading fees will continuously enter the prize pool; prize money not won each week will automatically roll over to the next round, with rewards distributed weekly in stablecoins.
Each MegaPop entry has an independent chance of winning, and results are generated based on public Bitcoin block data,Open Beta prior to 6 weeks, eligible trades can receive a 2 x entry acceleration; once cumulative entries reach 300,000, PopDEX will inject another 100,000 USDT.
Previously, PopDEX completed six rounds of actual cash reward distributions during its Closed Beta phase, recording more than 4.5B+ in cumulative trading volume and a pool size of approximately 70M LP.
Original link https://m.theblockbeats.info/flash/372529
Key points
01
According to official information relayed by BlockBeats, PopDEX announced on October 19 the launch of Open Beta, allowing users to enter the platform and trade without an invitation code.
02
The original article states that PopDEX was incubated and invested in by Foresight Ventures. 30000000 USD。
03
PopDEX launched MegaPop, an on-chain trading lottery mechanism, with the team injecting 150,000 USDT。
04
The original article states that subsequently, the platform's 40%in net trading fees will continuously enter the prize pool, and prize money not won each week will automatically roll over to the next round.
05
Rewards are distributed weekly in stablecoins, and each entry has an independent chance of winning.
06
The original article states that the results are generated based on public Bitcoin block data.
07
Open Beta During the first 6 weeks, eligible trades can receive 2 x entries; once cumulative entries reach 300,000, PopDEX will inject another 100,000 USDT。
08
The original article states that PopDEX completed six rounds of actual cash reward distributions during its Closed Beta phase and recorded more than 4.5B+ in cumulative trading volume and a pool size of approximately 70M LP.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
Open Beta It indicates that the platform has entered the public beta phase and no longer requires invitation codes. MegaPop places the initial funding and a portion of net trading fees into a prize pool, with drawings held weekly; prize money not won in the current round remains for the next round. Trading participation can earn lottery entries, but the original article does not provide complete eligibility criteria, winning probabilities, or claim restrictions.
Why it matters to readers
This announcement also concerns the platform's public opening, trading incentives, and a verifiable lottery mechanism. For those following the platform, the key points to monitor are whether prize-pool funding, fee injections, lottery results, and reward distributions can be verified on-chain as announced.
Beginners should distinguish prize-pool rewards from trading returns: receiving an entry does not mean winning, and participating in perpetual contract trading does not eliminate risk because of the lottery mechanism. The original article does not provide complete campaign terms; eligibility and rules should be checked before participating.
Risks and unknowns
The content is based on BlockBeats' relay of official information; prize-pool funding, historical rewards, and trading data have not been independently verified.
The original article does not specify the units of denomination for the 4.5B+ cumulative trading volume and 70M LP pool size.
Related Developments
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The original article does not provide complete participation eligibility requirements, entry calculation methods, winning probabilities, prize structure, or claim conditions.
40% The calculation basis and duration for net trading fees have not been specified.
“Unlimited growth” describes the mechanism; the actual prize pool size still depends on trading activity and whether the rules continue to be implemented.
Related concepts
Open Beta
This term is not in the glossary yet. Browse related concepts in the glossary.
A derivative contract with no expiration date, designed for continuous holding, whose funding rate mechanism helps keep its price close to that of the underlying asset.
