As a seasoned blockchain enthusiast with years of experience under my belt, I find the recent developments surrounding the MYTH token absolutely captivating! It’s fascinating to see how the Mythos blockchain gaming ecosystem, with its partnership with Mythical Games, is leveraging the power of multi-chain interoperability.
Zug, Switzerland, October 1st, 2024, Chainwire
The MYTH Airdrop Distributes Rewards to Polkadot Users in a Large and Transparent Airdrop Event
Yesterday marked the beginning of a token distribution event, where approximately 10 million MYTH tokens were given out to more than 450,000 Polkadot (DOT) wallets as a joint effort between Mythos and the Polkadot ecosystems. This is their first collaborative action.
The airdrop is in line with the prior partnership between the two organizations and signifies a significant achievement in the field of blockchain gaming and Web3 advancement, spearheaded by these industry pioneers. Users can secure their rewards and transfer their tokens to the Mythos Chain using the airdrop platform located at https://airdrop.mythos.foundation, converting the airdropped tokens into native MYTH, the currency that fuels the Mythos gaming network.
The airdrop distribution began on Sep. 30th and will conclude within seven days.
Airdrop Overview
This airdrop isn’t just about dispersing tokens; it’s the result of numerous iterations influenced by feedback from the Polkadot community, making it the most transparent airdrop ever developed. The airdrop was shaped through collaboration with the Polkadot community, involving contributions from significant players in the Polkadot ecosystem and leaders hailing from organizations such as Scytale Digital, The Kusamarian, OpenGov.Watch, ChaosDAO, PermanenceDAO, and BlockDeep Labs.
The airdrop was arranged and shared through Dune Analytics, managed by the blockchain services company Colorful Notion. Parity Technologies carried out the audit, ensuring complete transparency and community understanding at every stage of the process.
Users can access the airdrop platform via desktop (mobile compatibility arriving soon), allowing them to transfer the MYTH tokens to their native Mythos chain wallet. Once they have MYTH, they are able to engage in activities on the Mythical Marketplace, conduct transactions within the Mythos network, and prepare for additional rewards planned to be unveiled over the next few weeks. The 10 Million MYTH airdrop serves as an enhancement to the ongoing Mythical Forest initiative, where holding native MYTH tokens boosts reward earnings. This means that users have a higher chance of earning from a 2 million MYTH token pool, which is designed to motivate social tasks and quests.
Airdrop Criteria Looking to Reward the Most Active Users
The aim of the two ongoing initiatives is to stimulate involvement, where the Mythical Forest Campaign primarily centers around social tasks, and the MYTH airdrop concentrates on recognizing actively involved Polkadot users – those who have been participating in key activities such as staking, voting in governance, and executing cross-chain transactions (XCM), which showcases Polkadot’s unique interoperability trait. In total, 128,796 active wallets are being rewarded, with individual wallets potentially receiving up to 1,337 MYTH tokens depending on their level of involvement.
As a researcher, I found that those users who engaged more actively within our study were disproportionately represented in the total reward distribution. In simpler terms, the more active participants tended to receive a larger portion of the overall rewards.
- If one had staked their DOT, they could have received additional MYTH tokens.
If one had engaged in cross-chain transactions (XCM)—Polkadot’s unique feature allowing seamless transfers across different chains.
Even more rewards were available for voting in Polkadot’s governance system (OpenGov) and participating in crowdloans.
The airdrop encourages both active and non-active contributors within the Polkadot system, offering rewards to those who wholeheartedly support Polkadot’s distinctive features. Even users who just owned DOT without actively engaging were included in this distribution, as they received MYTH tokens. This way, everyone with a vested interest in Polkadot profited from this community-led project. However, it’s important to note that for both types of participants, their wallet had to contain at least 10 DOT and no more than 5000 DOT during the snapshot moment.
The MYTH token: Expanding Across Chains
The gaming ecosystem built around Mythos blockchain, in conjunction with Mythical Games’ backing, is showcasing the strength of multi-chain compatibility. The Mythos chain and its MYTH token are now compatible across four blockchains, with three of them relying on Polkadot for security.
- Mythos – The native blockchain of the Mythos blockchain gaming ecosystem. Users can interact with projects like the Mythical forest campaign by holding their MYTH here. [
- Hydration – Polkadot’s leading DeFi chain and most advanced decentralized exchange.
- Ethereum – Home of the MYTH ERC20 token, which can be bridged to the Mythos chain via Snowbridge.
- Asset Hub – A Polkadot system chain, which acts as the focal point of liquidity entering the Polkadot ecosystem and a hub to connect all parachains.
This versatility across multiple blockchain networks underscores Mythos’ dedication to being compatible with all types of blockchains, mirroring Polkadot’s aim for cross-blockchain connectivity. Users can interact and control their tokens via popular wallet interfaces such as Nova Wallet, SubWallet (for mobile users), and Talisman, SubWallet (on desktop). Initially, the airdrop portal will be supported on Talisman and SubWallet for desktop devices.
Future Campaigns and Gaming Incentives
Beyond the ongoing initiatives, the Mythos Foundation has set aside numerous extra MYTH tokens for fostering community growth, rewarding gamers, and much more. These tokens are accessible to users with active accounts on the native Mythos Chain, aimed at sustaining the long-term interaction of token holders and gaming enthusiasts.
More on the Mythical Forest Campaign: 2 Million MYTH Tokens Up for Grabs
Accompanying the airdrop is the Mythical Forest Campaign, where individuals have the chance to engage in social activities and accumulate points towards a massive 2 million MYTH token prize pool. The more tasks you complete, the more MYTH tokens you’ll be able to collect, creating an engaging experience for everyone within the Web3 community. Additionally, holders of native MYTH tokens receive extra incentives.
To fully understand the eligibility requirements for the airdrop, readers are encouraged to check out these details at the following link:
About the Mythos Foundation:
The Mythos Foundation plays a key role in overseeing the administration and growth of the MYTH token and its associated environment. They focus on driving initiatives and collaborations to increase the use of blockchain technology within gaming, which involves regulating token distribution and fostering incentives for gaming. Their priorities extend to nurturing the broader ecosystem, decision-making processes, and strategic alliances, like their collaboration with Polkadot for token swaps and airdrops.
For more information on the Mythos Foundation, readers can visit https://linktr.ee/mythostoken.
Contact
Jonathan Duran
Jonathan@distractive.xyz
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2024-10-01 17:41