Dear Patrons of the Web3 Gaming Realm, the Mythos Foundation, a paragon of innovation in the digital age, has bestowed upon us the grand privilege of MYTH staking on the Mythos Chain. Holders of the fabled MYTH token may now stake their treasures and earn bountiful rewards, as if they were alchemists transmuting base metals into gold! 🪙Alchemy, anyone?
MYTH Staking Launches on Mythos Chain
The Mythos Chain, a blockchain forged in the fires of gaming optimization, now welcomes the launch of MYTH token staking. This noble endeavor allows the Mythical Games community to fortify the network’s decentralized node infrastructure, all while reaping the rewards of their loyalty. 🛡️💰
Have you staked your MYTH yet?
We’ve allocated 50M MYTH from our treasury as rewards to be distributed over the next 12 months.
You can stake right now on and accumulate rewards with a current APY of over 200%!
— Enter the Mythos (@EnterTheMythos) March 13, 2025
Staking rewards have been generously allocated from the Mythos Foundation treasury, ensuring that the MYTH token remains noninflationary, as befits its noble design. Indeed, the burning of gas fees on the Mythos Chain shall render MYTH deflationary, with the token burn increasing as network activity surges. 🔥✨
Mythical Games CFO Kasper Jørgensen, a man of discerning taste and wisdom, is elated by the new opportunity:
We’re excited to support the launch of MYTH staking by the Mythos Foundation and frankly, have been impressed by the level of engagement in the first 48 hours. This is only the beginning of what’s in store for Mythos Chain in the year ahead as Mythos continues building an ecosystem that will host the future of gaming for companies like Mythical.
Since the program’s inauguration on March 10, more than 30 million MYTH tokens have been staked by early adopters, who shall earn a share of 50 million MYTH tokens over the course of the year. 🎉,
Estimated Rewards Reach 30% in APY
Users are encouraged to use either Subwallet or Nova Wallet to partake in MYTH staking on the Mythos Chain. Staked tokens will accrue rewards linearly and can be claimed each day, like a daily allowance from a generous king. 🎁
After unstaking, there is a three-day cooldown before MYTH tokens can be claimed, with rewards dependent on the number of delegators of a given collator, but estimated to be around 30%. A fair and just system, indeed! ⚖️
As an interoperable utility token, MYTH plays a myriad of roles within the Mythos ecosystem. Beyond supporting staking and governance, MYTH is used for gas fees on the Mythos Chain and to facilitate transactions on the Mythical Marketplace, where in-game assets can be traded with the ease of a bustling bazaar. 🏪
The Mythical Marketplace, the first in-game blockchain marketplace on iOS and Android, empowers gamers with ownership and control over the purchase and sale of digital assets, while the Mythical Platform safeguards gamers new to blockchain through a custodial wallet for their digital treasures. 🛡️🌟
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2025-03-19 12:40