MyxTV Tokenomics

Ruleset for the $MYX system of economics:

What is $MYX; what is $MYXY?

$MYX is the on chain version of the MyxTV token. $MYXY is the off chain version.

$MYX will be used in token raises, staking pools and LPs. $MYXY will be used as the utility token in the MyxTV app until MyxTV is brought fully on chain.

$MYXY tokens are immediately tradable for physical rewards in the MyxTV app, just like any web2 rewards scoring system. When $MYXY is evolved into $MYX, a user's accumulated $MYXY tokens will continue to be tradable for rewards as well as able to participate in web3.

When MyxTV goes on chain, $MYX defi users will be able to transfer their $MYX tokens into the MyxTV app to trade for physical rewards.

$MYX Emissions

  • The max supply of $MYX tokens is 630,000,000 with no possibility of inflation to the max supply.

$MYXY

  • Until brought on chain, the MyxTV rewards token is represented by the call sign $MYXY.

  • Max emissions per person per day = 300 $MYXY

  • $MYXY tokens traded for rewards shall return immediately to the Treasury Wallet.

  • Any $MYXY Ytokens not emitted from the MyxTV Rewards Wallet remain in the Rewards Wallet until emitted. Rewards pool is replenished from the Treasury Wallet on an intradaily period to meet the 0.5% daily rewards baseline.

  • Total daily rewards pool is fixed at 0.5% of total $MYXY in the MyxTV Treasury Wallet.

$MYXY:$MYX

  • $MYXY will be redeemable for $MYX when MyxTV app and economy are on chain and sustainable.

  • $MYX tokens to fund redemption shall be taken from the MyxTV users/Staking rewards pool as noted in the Distribution Schedule.

Vendor Rewards Pricing

  • Vendor facing $MYXY token price = 630000000/$MYXY in Treasury Wallet

  • Vendor rewards shall appear to user priced in $MYXY and change in real time based on the formula immediately above.

  • The dollar value of $MYXY is meant only as an internal guide to help vendors price their rewards against a constant baseline. It shall not be shown to the user nor have any bearing on $MYXY price once recorded on chain from AMM liquidity pools.

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