In our sale event, our gamers will be able to purchase tokens of Mystic, called $MYT. Learn everything to know about $MYT token by reading this article.
What is MYT Token in Mystic Treasure?
In the universe of Mystic Treasure, the MYT token serves as the utility type. Once purchased MYT, users can earn more with the in-game mechanism which we will cover in some posts later.
MYT is a BEP-20 token that serves as the foundation for all transactions and interactions in the Mystic Treasure ecosystem.
Mystic Treasures uses the BEP-20 standard, and MYT is the token used within it which is familiar for us, gamers, and crypto enthusiasts. However, before we can talk about the MYT token, how it operates, and all of its useful features, we must first understand what a smart contract is.
MYT Smart Contract – Binance Smart Chain? What is it?
BEP20 is the industry standard for developing Binance Smart Chain or generating tokens on BSC. Tokens are an important part of any blockchain-based system, decentralized application, platform, or the entire economy. They help track every activity on the blockchain and ease the movement of value.
"Binance Smart Chain Evolution Proposal" is the abbreviation for "Binance Smart Chain Evolution Proposal." Binance designed the BEP-20 token standard for Binance Smart Chain, a smart contract network that operates alongside the original Binance Chain.
Mystic Treasure is supposed to run on the Binance Smart Chain blockchain and it serves as a traditional agreement. It's a computer system that assures transactions are performed without involving a third party. Because it is stored on the BSC blockchain, the code is unchangeable. As a result, it's an excellent tool for managing valuable assets such as ETH and some other ones like $MYT token.
About MYT Token – Supply, Distribution, Release
Mystic Treasure consists of 500,000,000 MYT. This number is finite so there will be never more than 500,000,000 tokens existed in-game.
MYT Distribution
- 100,000,000 MYT (∼20%) are available for sale in total.
- 110,000,000 MYT (~22%) will be reserved for the team, strategic partners, and advisors.
- 290,000,000 MYT (~58%) are allocated as in-game incentives, marketing, and development.
More specifically with the allocation of MYT for investors and gamers to explore: