MYTHx TOKEN
Unleash the Power of the Ecosystem
MYTHx is the driving force behind a dynamic ecosystem, spanning Play & Earn Gaming, Fantasy Content and Digital Publishing, Digital Collectibles, and Metaverse activations.
With a dual-token economy comprising MYTHx and Essence, the ecosystem offers a multitude of use cases and benefits across partner projects and platforms.
TOKENS
Tokenomics
The Mythx Token incorporates a wide variety of use cases, including partner projects within our ecosystem.
Staking MYTHx tokens will generate yield, based on the Ecosystems transactional volume
MYTHx Token staking in the Council staking pool, provides governance rights to community members
Additional exclusive benefits, will include generating secondary tokens through an open-ended staking concept through buying and holding selected partner NFTs, buying/selling selected NFTs and rewarding active community members
MYTHx tokens will be used for purchasing in-game upgrades or accessing exclusive events
MYTHx tokens will be utilized as a reward mechanism for Play & Earn in-game economics & for transacting and receiving discounts on the MYTH Marketplace
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Dual currency model: Mythx + Essence
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Essence internal, off-chain, cross Ecosystem currency
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Essence pegged to USD, backed by USDC, in-game, on platform currency
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Essence aids in preventing downward sell pressure on MYTHx
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MYTHx staking earns you revenue from platforms / Essence purchases
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MYTHx staking grants DAO voting rights on project direction
FEATURES
Key Features and Utilities
MYTHx Token
Utility Across Partner Projects: MYTHx serves as the on-chain utility token, providing diverse use cases across the expanding MYTH Alliance.
Engaging Fantasy Economy: Empowers players, creators, fans, investors, and influencers through unique tokenomics, partner reward programs, and compelling incentives.
NFT Marketplace Integration: Offers token utility for paying transaction fees, governance participation, exclusive NFT access, and rewards for users and traders.
Essence Currency
Versatile Utility: Essence drives transactions and activities across all MYTH Alliance partners within the ecosystem, fostering a seamless and rewarding user experience.
PILLARS
The Five Myth Content Pillars
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COMMUNITY DIRECTED PROJECTS
Partner and Creator Economy
The MYTH ecosystem embraces fantasy brands, creators, and artists, rewarding and incentivizing Alliance members based on their contributions. The tokenomics are designed to recognize and reward the network’s growth, with metrics based on user onboarding and Essence utilization by users for their digital goods (NFTs).
Fan-Centric Economy
The MYTH User economy revolves around the MYTH Rewards and Incentives Program and the MYTH Peer to Peer Marketplace. Participants are automatically enrolled in the program, earning rewards through community engagement and platform activities. The ecosystem fosters creativity and innovation, bringing fantasy projects to life.
RAVE+ Tokenomics Model
RAVE+ incentivizes influential stakeholders to drive ecosystem growth, promoting user transactions and community engagement while rewarding their contributions.
FEATURES
Staking Opportunities and Governance
NFT Pools
MYTHx holders can stake tokens into NFT Pools to access high-value NFT assets, contributing to ecosystem growth and development.
MYTHx Buybacks
Allocation of Essence revenue towards MYTHx buybacks, reinforcing ecosystem expansion and partner contributions.
Community Governance
The MYTH Council offers a unique four-tiered community governance system, providing contributors with opportunities to shape the ecosystem’s future.
FAQs
For more questions and information,
