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PopDEX Launches Open Beta and $150,000 Weekly Rewards Pool

BullishMedium impact

PopDEX has officially opened its perpetual decentralized exchange to all users. Alongside the open beta launch, the platform introduced MegaPop, a weekly on-chain reward pool initially funded with $150,000 in USDT. Going forward, the prize pool will receive 40% of net platform trading fees, as well as any unclaimed reward balances rolled over from previous weeks.

The move marks a transition from a closed testing phase into public operations. During its closed beta, PopDEX generated $4.5 billion in trading volume while accumulating a liquidity provider pool of $70 million. By directing a portion of transaction fees into recurring payouts, the exchange aims to build an incentive mechanism designed to encourage active trading and retain platform users.

Moving forward, key indicators for the platform include whether public access can maintain trading volume and liquidity growth over time. Market participants will also monitor the execution and clarity of the weekly reward distributions as activity scales.

Key points

  • PopDEX opened its perpetual decentralized exchange to all users in an open beta release.
  • The platform launched MegaPop, a weekly on-chain reward pool seeded with $150,000 in USDT.
  • The reward pool is funded by 40% of net trading fees along with unclaimed rollover funds.
  • PopDEX accumulated $4.5 billion in trading volume and a $70 million liquidity pool during closed beta.

Written by our AI from expert market sources across the web. It can contain mistakes: check the facts before acting on them. Write-ups powered by the free AI API at FreeTheAI.org

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Questions and answers

What is PopDEX MegaPop?

MegaPop is a weekly on-chain reward pool on PopDEX seeded with $150,000 in USDT and funded by 40% of net trading fees plus unclaimed rollovers.

How much trading volume did PopDEX generate in closed beta?

PopDEX recorded $4.5 billion in total trading volume during its closed beta phase while building a $70 million liquidity provider pool.