Tokenomics
One token, MYTHx, will power an entire Ecosystem of Play & Earn Gaming, Fantasy Content and Digital Publishing, Digital Collectibles and Metaverse activations.
Last updated
One token, MYTHx, will power an entire Ecosystem of Play & Earn Gaming, Fantasy Content and Digital Publishing, Digital Collectibles and Metaverse activations.
Last updated
Universal Rewards System
A cross-platform rewards system where activities in one MYTH product unlock benefits across the entire ecosystem. For example, completing a quest in Hex Mythica can earn discounts on the NFT marketplace or free entries in Myth Arcade games.
Advanced AI and Data Analytics
Personalized user experiences powered by AI, offering tailored content, market insights, and gameplay recommendations. For partners, MYTH provides predictive analytics on user behavior, helping them optimize their offerings.
Cross-Economy Integration
Partnerships with other gaming projects allow for token swaps and shared NFT utilities, enhancing the utility and liquidity of in-game assets across multiple ecosystems.
Core Utility of MYTHX Token:
The MYTHx token serves as the central utility token within the ecosystem, crucial for various functionalities and rewards.
A finite supply of 100,000,000 MYTHX tokens will be minted as an ERC20 token, with no further issuance, ensuring scarcity and value preservation.
Use Cases Across the Ecosystem:
MYTHx tokens have a broad range of applications across numerous partner projects, enhancing their demand as new partners join the MYTH Alliance. Use cases include staking for community participation, governance through the MYTH Council, and facilitating exclusive NFT transactions. Each use case is designed to enhance user experience and engagement within the ecosystem.
Incentives and Rewards:
Staking MYTHx tokens allows users to participate in the ecosystem's governance and access exclusive features, incentivizing long-term involvement and community investment. Rewards are distributed based on user activity and contributions.
Rewards active community members and facilitates Play & Earn in-game economics as well as Engage & Earn, alongside purchasing exclusive in-game and platform upgrades and memberships granting access to special events.
Marketplace Transactions and Discounts:
Enables transactions and offers discounts within the MYTH marketplace, fostering a vibrant trade environment for users and partners.
Dual-Token Economy with Essence:
Operates alongside the off-chain currency Essence, contributing to a dual-token economy that addresses liquidity issues common in tokenized projects.
Essence acts as the native ecosystem currency, a settlement medium, and supports gaming metaverse and platform utility along with specific contribution protocols.
Sustainable Economic Model:
The dual currency model ensures a healthy, sustainable economy by reducing sell pressure on MYTHX tokens, as neither partners nor the project itself need to liquidate tokens, maintaining strong market demand.
In summary, the MYTH Ecosystem's strength lies in its dual-token economy, with the MYTHx token at its core offering extensive utility and incentives. This is supported by Essence, which complements MYTHx through additional use cases. Together, they create a sustainable economic model that enhances liquidity and fosters market demand.
Our ecosystem has been designed to empower Players, Creators, Fans, Investors, and Influencers through a unique tokenomics model, a partner reward program, and a compelling incentives system featuring real-world and digital rewards.
The Ultimate Game Economy Experience:
Hex Mythica introduces an unparalleled game economy designed to maximize fan engagement, rewarding dedication, skill, and strategic gameplay. Delve into a realm where your actions directly influence your success and rewards.
Trade and Prosper within the MYTH NFT Marketplace:
Seamless Asset Trading: Operate within the robust MYTH ecosystem, facilitating the smooth exchange of game assets among players. Your prowess can turn into profit as you trade valuable assets on the MYTH NFT Marketplace.
Key Features of Our Revolutionary Economy System:
A Balanced Dual-Token System: Experience a game economy that harmonizes incentives and drives secondary market value for game assets, all without compromising the integrity of game mechanics.
Inclusive Play for All: Whether you're invested or playing for free, share your triumphs with guildmates. F2P players boost their Guildmasters' rankings on competitive leaderboards, making every player's contribution valuable.
Merit-Based Rewards: Showcase your skills and cooperative strategies within Hex Mythica to earn NFTs, MYTHx tokens, and a plethora of tradable assets. Rewards are based on merit and active participation, ensuring compliance with regulatory guidelines.
All activities within the ecosystem are designed to adhere to relevant security classification criteria, ensuring MYTHx remains a utility token.
Exclusive Rewards and Recognition:
Climb the Leaderboards: Ascend the ranks in both Solo and Guild Leaderboards each season. Your preparation and skills could secure you top rewards when the season concludes.
Win Coveted Prizes:
Exclusive Seasonal NFTs: Claim unique digital treasures that signify your achievements.
Unique Cosmetics: Stand out with items that showcase your elite status.
$MYTHx Tokens: Earn currency to enhance your gameplay or trade in the marketplace.
Seasonal Essence: Special currency for exclusive in-game enhancements and experiences.
Continuous Growth and Excitement:
Ever-Expanding Universe: Stay engaged with ongoing game expansions that introduce new layers of economic depth and opportunities. Your adventure in Hex Mythica evolves, bringing fresh challenges and rewards.
Pay for transaction fees: Users can use the token to pay for transaction fees on the platform at a discounted rate.
Governance: Token holders can participate in decision-making processes like feature implementation, token burns, and more.
Access to exclusive sales: Holding and Staking of tokens grant the holder early access to exclusive NFT drops.
Rewards: Regular users and high-volume traders may receive rewards in tokens.
Access to presales: Token holders can get early access to NFT project launches.
Voting rights: Token holders can vote for their favorite projects to be launched on the platform.
Staking: Users can stake tokens to earn rewards, which could include a higher allocation in popular project launches.
Holders of the MYTH token essentially become participants in the entire MYTH ecosystem. For holders, MYTHX has three primary functions:
To earn rewards based on platform engagement.
To receive various MYTH ecosystem incentives, including additional partner tokens.
To participate in the decision-making processes of the MYTH ecosystem as initiated by MYTH Central.
Platform Engagement Rewards:
Earning Rewards: MYTHX holders can earn rewards based on their engagement with the platform's various activities and transactional volumes. These rewards are structured to enhance the utility and participation within the ecosystem rather than providing financial returns.
Ecosystem Incentives:
Participant Rewards: Holding MYTHX tokens allows participants to receive various ecosystem incentives, such as additional partner tokens. These rewards are designed to encourage deeper involvement and engagement within the ecosystem, promoting a vibrant community.
Governance Participation:
Decision-Making: Investors can participate in the MYTH ecosystem's decision-making processes through initiatives by MYTH Central. This ensures they have a voice in the ecosystem's development and strategic direction.
Essence and Engagement:
Essence Utility: Holding MYTHX tokens provides access to Essence, our ecosystem-wide currency utilized by partners for a wide range of digital and real-world asset sales and experiences. Essence is a stable, non-crypto digital asset that exists only via direct purchase or in-game/on-platform earning.
Fantasy brands, creators, and artists will form the foundation of the MYTH ecosystem. Commercial partners who join the MYTH ecosystem and utilize Essence as part of their projects or platform offerings become MYTH Alliance members.
Partner Incentives:
Incentivizing Contributions: Our tokenomics are designed to reward and incentivize these Alliance members based on their contribution to the network, measured by metrics such as users onboarded and Essence purchased by users for their digital goods (NFTs).
Long-Term Commitment: MYTH Alliance members earn access to MYTHx rweard pools to further enhance their commitment to creating engaging campaigns and activities for platform users as well as access to unlimited Quest creation.
Collaborative Growth:
Network Value: This structure incentivizes MYTH Alliance partners to work together to grow the entire network's value and transactional volume. The collaborative approach ensures that all partners are aligned towards the common goal of enhancing the ecosystem’s growth and sustainability.
The MYTH User economy will be primarily centered on two things:
The MYTH Rewards and Incentives Program.
The MYTH Peer-to-Peer Marketplace.
MYTH Rewards and Incentives Program:
Users participating in the MYTH ecosystem by playing partner games, buying MYTH NFTs, indulging in platform experiences, or taking part in community-created projects are automatically enrolled in the MYTH Rewards and Incentives Program. This program operates on a points system with associated levels and status. Users have the opportunity to earn the following rewards:
Exclusive NFTs: These include gaming assets, art and collectibles, access passes, and more from all our Alliance members.
Real-World Goods: Including merchandise, art, and collectibles.
Badges and Platform Status: Recognizing user engagement and contributions.
Essence or Other Secondary Tokens: For versatile use within the ecosystem.
Airdrops from Partner Projects: Enhancing user engagement with new opportunities.
MYTHX Tokens: As a reward for active participation in the ecosystem.
The Gamefi Quest platform will drive traffic, players, and engagement, ensuring users are continually motivated to participate.
Users will also be able to transact across an ecosystem wide peer to peer marketplace. This will be in the form of a central aggregated MYTH marketplace that connects to all participating partner marketplaces.
Peer to Peer transactions will be able to be conducted in a variety of to be determined crypto currencies and using the native MYTH Token, which will include discounts on marketplace fees. Transacting in the marketplace will also result in the awarding of MYTH Rewards and Incentives Program Points to the user.
Influencers and Ambassadors are rewarded based on their ability to drive meaningful interactions and participation from their communities, focusing on community-building activities rather than purely on transactions.
Motivation and Rewards: Influencers are motivated to foster a vibrant, engaged user base that benefits from the ecosystem’s features and services. This approach ensures that tokens provided to influencers are primarily for utility purposes, such as governance participation, exclusive access, and engagement tools.
MYTHX token holders can choose to contribute their tokens into NFT Pools established by Alliance partners as a method of delivering high-value NFTs. Each pool generates a specific, pre-defined NFT asset after a set period of staking time for a specific amount of MYTHX staked. A portion of the staked MYTHX is allocated to the Alliance partner hosting the NFT pool and to MYTH Central as the cost of the NFT. The remaining balance of staked MYTHX is then sent back to the contributor’s wallet.
Every purchase of Essence has a chance of generating MYTHX in a user's wallet drawn from the reward pool. This gamification element encourages ongoing participation and engagement within the ecosystem.
MYTH Central will allocate 20% of its gross Essence-generated revenue towards buybacks of MYTHx from exchanges. These buybacks allow MYTH Central to contribute MYTHx into the ecosystem, making room for more partners (e.g., contributing artworks, characters, etc.). The MYTHx acquired through buybacks will be allocated as follows:
50% to the Rewards Pool: To incentivize and reward users.
30% to the Partner Pool: Supporting partner contributions and collaborations.
20% Burn: Ensuring MYTHx becomes a deflationary asset.
The value of MYTHx tokens is not guaranteed and can fluctuate based on market conditions.
MYTHx tokens do not represent shares, ownership, or entitlements to profits from the MYTH ecosystem or its partners.
Participation in staking or rewards programs should not be viewed as an investment but as an engagement within the ecosystem.
