Key Features of MYX Network
Every address-to-address transactions reduces the total supply of the token at a rate of 5%.
Less = More
As $MYX burns, there will be less tokens in circulation, increasing the price of each remaining token.
When you stake, half of the burned tokens are distributed to you in proportion to the amount of tokens you have staked.
The Decentralized Autonomous Organization will give token holders the ability to vote on the direction of the project and receive incentives.
MYX focuses on incentivizing tokens holders to participate in the DAO via staking and other vital communal functions. Every token transfer adds funds to the DAO which is then distributed proportionately to stakers.
Periodic airdrops will be completed over a series of weeks for MYX holders who have staked their tokens.
1 Billion tokens will be the max supply. No more tokens are minted, they are only burned.
100 Million tokens will be the total supply at the end of the deflationary stage.
5% Burn Ration
Every token transaction results in a 5% burn. These tokens are deleted, removed from the circulating and total supply.
2.5% Staking Rewards
When ANY user stakes, 2.5% of the 5% burned tokens, is distributed in rewards proportionately to each users based on their staked amount.
Users who stake will qualify to receive DAO rewards. This incentive based system promote staking, reduces the amount of tokens in circulation and rewards users for their participation. Token holders will be able to vote using MYX on important advancements and platform progression. Decentralized voting will be vital to the overall health of the community and platform. The MYX DAO will also serve as a investment fund for external projects. This means that MYX can be used to help with initial start-up projects.
MYX Network has a functioning dApp built into the token smart contract, which is the Staking mechanism. Aside from that, two other dApps will be officially released by the MYX team which will include a hourglass staking system and a PvP DeFi dApp. Developers are also welcome to integrate MYX into their own applications or build custom ones.
680 Million MYX Tokens have been distributed to token holders. This represents 68% of the Max Supply.
50 Million MYX Tokens will be allocated and staked for the initial DAO fund. This represents 5% of the Max Supply.
Uniswap Liquidity Pool
170 Million MYX Tokens will fund the Uniswap Liquidity Pool. The Liquidity Pool tokens will be locked immediately upon Uniswap listing.
Marketing and Team Fund
50 Million Team tokens (5%) are locked for 300 days. 50 Million Marketing tokens (5%) are liquid to help market the project.