Mythos Chain Unveils 300% APY Staking Program with Deflationary Model
- Mythos Chain will use the Polkadot-based Delegated Proof of Stake system to distribute a total of 50 million $MYTH tokens in staking rewards.
- The main goal of this program is to give token holders a thrilling chance to earn enormous rewards.
Mythos Chain, a cutting-edge blockchain for efficient transfers, has announced an exclusive service. As per the Mythos Foundation, Mythos Chain is launching an exclusive staking program. According to reports, the platform will launch this service with a sizable APY and a significantly deflationary model.
The main goal of this program is to give token holders a thrilling chance to earn enormous rewards. In addition to helping to safeguard the network, it enables users to stake $MYTH tokens in order to receive alluring returns.
Significant APY
The Mythos Foundation announced that its new staking program would offer an annual percentage yield of up to 300%. Early program participants can take advantage of the corresponding opportunity, according to the company. For users, this makes staking based on the Mythos Chain a very profitable option.
Furthermore, a sizable number of $MYTH tokens have already been staked on the platform in the brief time since the staking program’s launch. The massive $25M already staked $MYTH tokens demonstrate the strong confidence and enthusiasm of the community. Additionally, the platform has an enticing reward plan for the coming year: Mythos Chain will use the Polkadot-based Delegated Proof of Stake system to distribute a total of 50 million $MYTH tokens in staking rewards from its treasury over the course of the next 12 months.
Mythos Foundation claims that the new staking program has a highly deflationary model, meaning that the fees generated on Mythos Chain are currently being burned, which lowers the total supply of $MYTH.
This deflation could likely increase price appreciation in the long run by lowering the availability of tokens. Investors and $MYTH holders can stake assets through Nova Wallet to quickly start earning rewards.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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