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A detailed guide on how to participate in the MegaETH Odyssey event
Original Title:How to farm MegaETH,Author: wale.moca (@waleswoosh)
Compilation|Odaily Planet Daily (@OdailyChina);Translator|Asher (__@Asher 0210__)_
MegaETH will launch TGE today and synchronize the launch of the Terminal Odyssey event. Over the next 8 weeks, MegaETH will distribute a total of 2.5% of the MEGA tokens as airdrop rewards.
This event adopts a points ranking mechanism. Users can earn points by using MegaETH ecosystem applications, completing interactions, providing liquidity, or participating in different gameplay, and share the airdrop rewards based on their final rankings. In other words, MegaETH has entered a new Farming Season, and Terminal will become the main entry point for the next 8 weeks.
This article will outline how to participate in the MegaETH Odyssey event from four aspects: Terminal setup, key applications in the first week, specific interaction paths, and participation strategies.
Setting Up MegaETH Terminal
In the next 8 weeks, MegaETH Terminal will be the core entry point for user interactions. On the Terminal page, users can see this week’s featured applications, total points, and leaderboard rankings. Additionally, there are some other functions at the bottom of the page, which will be introduced one by one later.
First, access the interaction website (link: MegaETH presale, which can be done using the wallet used at that time**). After completing registration, you can enter the Terminal homepage.
Next, before starting interactions, complete some preliminary setups as follows:
MegaETH Ecosystem Applications Overview
Simply put, points are mainly earned by using applications within the MegaETH ecosystem. How exactly points are calculated has not been publicly disclosed, but it’s roughly related to participation level and the amount of funds used. Also note that all applications are open for participation, and it’s recommended to cover as many as possible, but each week Booster can only be allocated to 3 applications. You can do this in the top right corner of the Terminal. A safer approach is to first try out different applications, determine the most suitable ones for focused investment, then allocate Boosters accordingly.
This article mainly introduces the applications that the official highly recommends during the first week of the points activity, as well as several other noteworthy applications.
Kumbaya
Type: DEX
Official website:
Currently, Kumbaya is expected to be the main DEX used on MegaETH.
To earn points, you can perform basic operations like swaps. Or, a more effective way is to provide liquidity for USDm (MegaETH’s native stablecoin). The steps are as follows:
Additionally, you can interact with Kumbaya’s Launchpad, such as buying one or two already-launched Meme coins.
HitOne
Type: Perps / GameFi
Official website:
HitOne is an interesting contract-based application. Simply put, each round allows investing from $1 to $50, and HitOne will randomly open a high-leverage position, which could be long or short, with leverage usually over 400x. The steps are:
Monster
Type: Trading cards
Official website:
This application’s gameplay is similar to opening Pokémon card packs. Users open packs, choose to hold or sell cards. I’ve bought a few $250 packs, with average returns being modest. But the main purpose of participating isn’t to make money, but to earn MegaETH points.
Pack prices range from $50 to $1250. Generally, each pack might lose about 20%, unless very lucky. The steps are:
Nextrare
Type: Trading cards
Official website:
Nextrare’s gameplay is similar to Monster, also opening card packs to earn points, each pack costs $50, steps as follows:
Topstrike
Type: Fantasy Football
Official website:
In Topstrike, buy football players you believe have potential. You can trade these players—buy and sell; or hold them to participate in matches to earn points. The steps are:
ITS
Type: Trading card game
Official website:
This is a trading card game where users buy Booster Packs and use these cards in the game.
Booster Packs have a dynamic pricing mechanism, meaning each purchase increases the price. So, early participation might be more cost-effective. The steps are:
That’s all for the featured applications of this week. The following applications are not the main featured ones this week, but they may play important roles during this points season, mainly because they are part of MegaETH’s accelerator projects.
PrismFi
Type: DEX / Prediction Market
Official website:
PrismFi is built by the BadBunnz team, steps as follows:
Cap
Type: DeFi
Official website:
Users can earn yields by depositing USD assets, steps as follows:
World Markets
Type: DeFi
Official website:
Steps as follows:
Choosing Key Applications to Focus On
While using all applications daily might yield the best ROI, a smarter approach is to select 3 key applications each week and focus on them, which is also the purpose of the Booster mechanism.
Points are allocated based on actual usage, not based on the MegaETH team’s subjective preferences. So, the best strategy might be to choose applications you’re willing to use even outside of the Farming Season.
MegaETH Odyssey Participation Strategy
This is a long-term game, play it with a long-term mindset
Season 1 lasts 8 weeks, which isn’t very long but enough for many to lose patience after week 2. The truly high ROI approach isn’t to rush in the first week and then switch to other things, but to maintain steady activity throughout the cycle.
It’s recommended to perform some on-chain operations on MegaETH daily. Also, the points shown in Terminal mainly come from past USDm deposit activities. So if your current points are low, don’t worry too much.
Spend money wisely, but don’t waste it
Participating in staking for points often requires spending some funds, unless you choose very conservative methods like providing liquidity only for USDm/USDT0.
Games like Pokémon card packs, Fantasy Football, Perps are expected to involve losses. That’s not necessarily a problem because there will be airdrops eventually, but the key is not to blindly burn money.
Find ways to earn money
Meanwhile, earning points through staking doesn’t necessarily mean losing money. The MegaETH ecosystem has many profit opportunities, such as MegaETH NFTs, which once surged 10x after related posts, and there may still be opportunities now.