Proposal : Revive the Ecosystem through Real Competition

General Discussions
1

:bullseye: Purpose

The goal of this proposal is to revive activity around $MEX and $XMEX by launching a 30-day liquidity contest tied to the current leaderboard and reward structure. This would encourage real liquidity, activate dormant holders, and bring positive attention back to xExchange.

:magnifying_glass_tilted_right: Context

Currently:

  • Only two MEX-related pools are active:

    • MEX/EGLD

    • MEX/USDC

  • The $XMEX energy leaderboard exists but sees very little movement.

  • Many users hold XMEX without incentive to act — MEX is largely stagnant.

  • There is untapped energy in the community just waiting for the right spark.

Let’s give users a reason to come back.

:light_bulb: The Idea: “MEX LP Leaderboard” Contest

A 30-day competition rewarding liquidity providers (LPs) based on the amount of XMEX farmed on MEX/EGLD and MEX/USDC.

:bar_chart: How it works:

  • LPs on MEX/EGLD and MEX/USDC are automatically entered.

  • A real-time leaderboard tracks the top 1,000 LPs based on total XMEX earned through farming during the event.

  • No changes to the energy system required — this uses existing mechanics.

:trophy: Rewards – Top 1,000 Get Incentivized

Rank Range Reward
:1st_place_medal: Top 10 5xxx XMEX + Exclusive NFT
:2nd_place_medal: Top 11–50 25xx XMEX + Exclusive NFT
:3rd_place_medal: Top 51–200 1xxxx XMEX
:small_orange_diamond: Top 201–500 5xxxx XMEX
:small_blue_diamond: Top 501–1000 2xxxx XMEX
  • Rewards could be non-locked or partially locked XMEX to allow immediate use or long-term participation.

:fire: Why This Will Spark the Ecosystem

  • Users will compete to climb into the top 1,000.

  • Some might buy XMEX to stake and farm, pushing demand.

  • Others may burn XMEX to reduce competitors’ influence or reset position.

  • It introduces game theory + competition back into xExchange.

This is not just about liquidity — it’s about waking up a sleeping ecosystem.

:seedling: Bonus Suggestion: New Incentivized Pairs

To attract external liquidity and broader engagement, we recommend adding new incentivized pairs with competitive APYs (temporary boosted):

  • MEX/ETH

  • MEX/BTC

  • MEX/SOL

These would:

  • Help bring in new capital

  • Improve trading options on xExchange

  • Expand MEX’s utility and exposure

:white_check_mark: Summary

This proposal is:

  • Simple to implement using existing farming + leaderboard systems

  • Inclusive — rewards go to the top 1,000, not just whales

  • Gamified — adding excitement, progression, and competition

  • Effective — increased demand, revived volume, and stronger community energy

:ballot_box_with_ballot: Let’s bring life back to MEX and XMEX. Support this proposal and let’s rebuild momentum together.