Tokenomics
Learn about the Tokenomics of MyTrade below!
MYT ERC20 Address: 0x0BF0D26A527384bcc4072A6e2bcA3fc79e49fa2d
MYT Polygon Address: 0x4535e52cdf3ab787b379b7b72b5990767e6747e4
MYT Moonbeam Address: 0xF42bd09C48498AfA3993c00e226e97841D5789a7
What is MYT?
MyTrade token (MYT) will be created on ETH, and a portion of the tokens will be transferred to Layer 2 (Polygon). MYT will also be cross-chained to other popular EVM-supported chains such as Moonbeam and BSC.
Experimental Token - eMYT (**Experimental Phase has now ended)
Due to the complexities of the algorithms and smart contracts introduced by MyTrade, an experimental token eMYT will be launched first before MYT replaces it as the platform token. This experimental phase with eMYT will last 2-3 months, and afterwards the platform will smoothly transition to using MYT as mining output.
You can get eMYT via MyTrade V2's mining incentives or by directly purchasing it. You can use eMYT in one of three ways:
eMYT will become a governance token with double the voting rights of MYT;
eMYT will have value and will be tradeable on MyTrade;
For those users who stake eMYT, they will earn 0.3% of all the trading fees during the experimental phase. 100% of the staked eMYT will be burned at the end of the experimental phase.
The total supply of eMYT is 10 million and will be released for mining incentives over the beta period. After the end of the beta, all eMYT that has not been mined will be destroyed. Please note that eMYT does not get converted into MYT as a token holder, but the mining output of eMYT from each block will be directly changed to MYT.
eMYT Allocation
45% allocated to Liquidity Mining
35% allocated to Limit Order Mining
20% allocated to Trade Mining
eMYT Contract Address: 0xda95a11eDbcd59552271a47E3DE34A9b4FD905c4
How to Mine MYT?
Trade Mining
Takers can earn MYT from successfully executing trades on selected pairs.
Liquidity Mining
Liquidity Providers can add liquidity to selected AMM pools to earn MYT.
Limit Order Mining
Market Makers can earn MYT by placing orders on the Order Book within the valid spread on selected pairs.
MYT Holder's Rights
MYT Holders will have the following rights.
Stake and earn dividend
Stake to earn other project tokens
DAO Governance
Trading Fee Distribution (Taker pays 0.3%)
MyTrade on Polygon
0.2% of the trading fees on MyTrade will be used to buy back MYT. 0.1% of the trading fees will go towards Referral rewards.
MyTrade on Moonbeam
If a Taker trades against our AMM, the 0.3% fee all goes to the AMM LP.
If a Taker trades against our order book, the 0.3% fee all will be used to buy back MYT.
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