Trading volume, position, holding time, profit/loss are the basic points, team Boost is the multiplier, and referral rewards are additional bonuses.

Written by: Tyler

The decentralized RWA trading platform MSX officially launched its points season plan today, aimed at rewarding loyal users who have made positive contributions to the development of the MSX ecosystem. Users can earn M Beans (M Credit) by trading MSX's US stock spot, contracts, and cryptocurrency contracts, which can be directly used for future MSX token distribution.

This guide will deeply analyze the impact factors, distribution mechanisms, team Boost, and the detailed algorithms for the two-tier referral commission of the MSX S1 season, along with calculation examples. Whether you are an active trader or a long-term holder, you can learn the absolute maximization techniques for point generation through this tutorial, preparing for future ecosystem incentives and token distribution.

1. MSX Points Season S1 and "M Beans"

1. Introduction to MSX Points Season S1

The MSX Points Season is a long-term incentive program launched by MSX for active users, aimed at rewarding users who make real contributions to ecosystem growth and trading activity.

S1, as the first season, lasts for 28 days (4 weeks), officially starting from November 5 at 00:00 and continuing until December 2 at 23:59 (UTC+8).

2. What are "M Beans"

M Beans (M Credit) are the core unit of rights used by the MSX platform in the S1 season to measure and incentivize users' real contributions, which can be directly mapped to future MSX token distribution and ecosystem rights.

There is no upper limit on the total amount of M Beans in the S1 season, but the system allocates them based on trading and contribution data, using a multi-dimensional comprehensive incentive model. The output not only depends on trading volume but is also influenced by position value, holding duration, profit/loss performance, team collaboration, and referral contributions.

3. "M Beans" Calculation Logic

MSX will daily tally users' trading, position, and activity data, focusing mainly on the three core behaviors of users: trading, holding (position/time/profit/loss), and activity (team Boost/referral). Trading and holding are considered the basic points, while activity points are key to achieving "excess returns" on the basic points:

Total Score = (Trading Points + Position Points + Average Profit Points + Average Loss Points) * Team Boost Multiplier + Referral Commission Contribution, where M Beans are derived by multiplying this total score by a fixed factor (assumed to be 10000 in this article).

Basic Points (Trading Points + Holding Points)

During the S1 season, any user trading in US stock spot, US stock contracts, and cryptocurrency contracts will earn trading points based on actual trading volume, with both opening and closing positions counted towards total trading volume. In short, the more you trade, the more points you earn; this is the only truth of the S1 season.

In addition, there are holding points, specifically divided into daily position points (position value + holding time) and daily realized profit/loss. If multiple positions are involved, both need to be calculated separately for each position to derive the daily average.

• Daily Position Points: The value of the user's daily held position, calculated as Σ (Average Asset Valuei Time Periodi)_0.01, where asset value is in unit U and time period is in minutes. This means the larger the position and the longer the holding time, the more points earned;

• Daily Realized Profit/Loss: Calculated based on daily realized profit/loss (excluding funding fees/miscellaneous fees), where profits add points positively, and losses also have a corresponding ratio (not 1:1), increasing the fault tolerance. This means that every real trade and every market participation is considered part of the ecosystem contribution;

In summary, the points for each trade are directly linked to trading volume, holding time, and daily realized profit/loss. The more you trade, the larger the position, the longer the holding time, and the greater the profit/loss, the more points you earn.

Team Boost Multiplier

Additionally, the team Boost multiplier is an amplifier for achieving point multiplication in the S1 season, allowing for "excess returns" on basic points. Simply put, your personal basic points (trading volume + position points + profit/loss points) are just the first layer, while team Boost can amplify these earnings.

The level of Boost depends on the total daily snapshot of M Beans for the entire team. The higher the team contribution, the higher the level, and the corresponding multiplier also increases. Currently, the Boost range is approximately 1.05×—1.5×, and as the overall team activity and trading volume increase, the multiplier will also rise.

In other words, you not only need to "earn for yourself," but also drive the team to "earn together"—the more team points, the higher the personal points can be amplified, which is one of the most leveraged aspects of the S1 season.

Referral Rewards

In addition to trading and team bonuses, the referral mechanism is also an important part of the M Beans system.

The current season supports a two-tier invitation relationship: L1 (directly invited users): you can earn 10% of their basic points; L2 (indirect users): you can earn 5% of their basic points.

The invitation mechanism itself is not complicated, but the potential for earnings is huge because as long as your lower-level users continue to trade, hold positions, and earn points, you can continuously receive "passive point flow." Therefore, early team building and inviting real trading users is one of the key strategies to enhance long-term point rankings.

Other Subsequent Activities and Historical Trading Review

It is reported that the official will periodically launch limited-time tasks, trading theme activities, etc., where completing specified actions can earn additional M Beans bonuses; there will also be historical trading reviews (completed snapshots, specific conversion criteria, coverage, and distribution rhythm will be subject to subsequent announcements).

2. M Beans Beginner's Guide: From Acquisition to Viewing

Currently, the cyclical recovery of the US stock market is bringing a new round of structural opportunities, especially as the Nasdaq and S&P continue to rise, on-chain RWA US stock trading has become an important channel for investors to capture market Alpha, and the MSX points season conveniently provides a "dual Alpha" opportunity to capture US stock returns and platform incentives.

This multi-dimensional mechanism ensures that every real trade by users can receive reasonable returns, making M Beans reflect both "trading contribution" and "long-term incentives." This chapter will also guide new users on how to start trading quickly on the MSX platform from scratch and begin accumulating and viewing their M Beans.

First, open the MSX official website, click on "Connect Wallet" in the upper right corner, select any address from the commonly used networks (supporting Solana, BNB Chain, Ethereum, Base), and sign in the wallet pop-up to automatically register or log in without needing a phone number/email.

Then click "Recharge Now," select the network to recharge, and transfer USDT/USDC to the corresponding account's independent recharge address. Once the recharge is complete, you can engage in the three core trading behaviors, and each trade will automatically count towards the M Beans points system:

It is important to note that to maintain the fairness of the points system and prevent ineffective machine volume and high-frequency trading from diluting the rights of real users, the MSX points system has set up key anti-cheating mechanisms, including not counting any holding time below 5 seconds for holding behaviors—the time interval from buy execution to sell execution (for the same asset).

Upon entering the "Rewards - Points" page, you can see detailed information about the M Beans earned in the S1 season and your overall ranking (as shown in the image below), including:

• "Team" page: displays user team information, invitation code/invitation link, member details; 

• "Leaderboard" page: displays the overall M Beans points ranking, as well as detailed breakdowns of trading points, position points, holding points, referral commission points, etc.;

Note that binding the invitation code is a prerequisite for activating team Boost and referral commissions, so it is recommended to complete the binding before the first trade (you can use the invitation link to complete registration and trading, which will automatically bind).

M Beans are settled daily—automatically updated at 10:00 the next day (UTC+8), with the system recalculating based on the actual trading and holding situation from the previous day; team Boost multipliers use a T+2 update mechanism: T+1 day at 10:00 settles M Beans points, and T+2 day at 10:00 updates team levels and Boost multipliers.

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