On November 5th, according to an official announcement, the MSX S1 points season and M-Credit incentive mechanism, the first on-chain decentralized exchange for US stocks, officially launched today. The MSX platform will statistically analyze real trading and holding activities in US stock spot trading, cryptocurrency futures, and US stock futures, automatically settling the previous day's points at 10:00 AM (UTC+8) daily. M-Credit, as a core indicator of user trading activity and contribution, will also be used for the distribution and incentives of the platform token $MSX in the future. M-Credit calculation considers not only trading volume but also position duration, profit and loss performance, and team Boost level to ensure fair incentives. Team Boost uses a T+2 update mechanism, automatically synchronizing bonuses. Historical trading points are retrospectively incorporated into community incentives.

Core Mechanism: Driven by Real Trading, Rewarded by Quantitative Contributions

It is understood that M-Credit is the sole core unit of revenue used on the MSX platform to measure a user's actual contributions. The system comprehensively tracks the user's:

• Actual transaction volume ;
• Position size (position value × holding time) ;
• Profit and loss performance ;
• Teamwork and Boost levels.

These multi-dimensional data will collectively determine a user's M-Bean points, ensuring "more work, more pay; real transactions, real rewards." Compared to the traditional single-dimensional "volume-based" points system, the M-Bean mechanism judges contributions through comprehensive dimensions, preventing arbitrage through inflated volume and ensuring that genuine participants benefit.

Calculation rules: Daily settlement, open and transparent, data traceability

The points system only covers three core products : US stock spot trading, cryptocurrency futures, and US stock futures , ensuring that all data is verifiable and quantifiable.

The system will automatically identify abnormal trading behaviors (such as extremely short holding periods, repeated matching, etc.) to ensure fair incentives.

• Daily settlement mechanism: The system automatically updates the previous day's points at 10:00 (UTC+8) every day;
• Team Boost Mechanism: It adopts a T+2 update rhythm, that is, the points are settled on the day after the transaction, and the team level and bonuses are updated on the third day;

For example: October 1st transaction → October 2nd points settlement → October 3rd Boost update.

The entire points process is fully automated, transparent, and data is traceable , allowing users to view their daily contribution changes in real time.

Team and historical incentives: Ensuring contributions are "valuable in the past and sustainable in the future."

In addition to individual trading contributions, team collaboration is a key highlight of this mechanism. Collaborative trading activity among team members will increase the overall Boost level, enabling the team to grow together and share profits. Simultaneously, MSX will retrospectively analyze historical trading data to automatically identify the contributions of long-term active users and include them in the community incentive distribution . Users do not need to apply; the system automatically screens and allocates incentives, ensuring that early contributors also receive fair rewards.

All points rules and incentive standards are based solely on official platform announcements . MSX has also upgraded its customer service and community communication systems to ensure consistent information delivery and eliminate any room for misleading or shady practices. The platform is committed to a systematic approach to governance upgrades, ensuring that every user receives the incentives they deserve under clear and fair rules.

Future Outlook: Long-term Incentives × Ecosystem Co-construction × Governance Transparency

M-Beans are not just a type of points; they are the anchor of value within the MSX ecosystem, serving as an incentive for the future distribution of the platform's token, $MSX, and becoming a long-term credential for users and the platform to grow together. M-Beans transform trading from a matter of price differences into a process of long-term value accumulation for users, creating a reliable reward system for genuine participants.

With the full launch of the S1 points season, MSX will continue to optimize its incentive model and strengthen community governance, striving to create an open, transparent, and sustainable trading incentive standard.