The Mythos Foundation (MYTH), the Web3 gaming platform, has officially launched MYTH token staking on the Mythos Chain, in step with the reports shared with Finbold on Wednesday, March 19.
The staking initiative, which began on March 10, has already viewed extra than 30 million MYTH tokens staked, and contributors will share 50 million MYTH in rewards over the next three hundred and sixty five days.
Like you ever staked your MYTH but?
We now beget dispensed 50M MYTH from our treasury as rewards to be disbursed over the next three hundred and sixty five days.
You may per chance seemingly seemingly seemingly stake correct kind now on https://t.co/fJgiEMpmYa and fetch rewards with a current APY of over 200%! pic.twitter.com/ruh2BRqfPY
— Enter the Mythos (@EnterTheMythos) March 13, 2025
Democratizing Web3 gaming
Designed for Web3 gaming, Mythos Chain offers a scalable infrastructure powered by the Mythos Foundation and its decentralized independent group (DAO).
Attributable to the MYTH staking replace, the community can now actively toughen the network’s decentralized node system whereas taking advantage of token incentives.
To help inflation down, staking rewards near from the Mythos Foundation treasury itself, no longer new token issuance.
Moreover, equipped that gasoline payments on Mythos Chain are burned, any amplify in network grunt may per chance even end result in an amplify in token burns.
Mythical Games Chief Financial Officer (CFO), Kasper Jørgensen, commented on the rising engagement with the platform within the light of recent staking aspects:
“We’re excited to toughen the originate of MYTH staking by the Mythos Foundation and albeit, were impressed by the stage of engagement within the first forty eight hours. Here is most piquant the initiating of what’s in store for Mythos Chain within the three hundred and sixty five days forward as Mythos continues constructing an ecosystem that can host the future of gaming for corporations admire Mythical.”
MYTH staking and utility
To take part in MYTH staking, customers can expend Subwallet or Nova Pockets.
Staked tokens accrue rewards day-to-day and ought to collected also be claimed at any time, whereas unstaking has a three-day cooldown.
Reward rates depend upon the form of delegators per collator (presently estimated at ~30%).
Along with to to staking, MYTH also acts as a governance token, fuels gasoline transactions, and facilitates in-game asset trading on the Mythical Market.
