The structure of the MYRIA token

MYRIA token is a utility token based on the ERC-20 standard and serves as the foundational currency in the Myria ecosystem. As a utility token, MYRIA aims to facilitate various transactions and interactions within the Myria platform, including payment services, staking, governance, etc.

The ERC-20 token provides a standardized medium of exchange that can be used across different applications within the platform. In the Myria ecosystem, the MYRIA token has diverse uses. Users can stake MYRIA tokens to receive rewards, participate in governance by voting on proposals, pay transaction fees on the network, and gain exclusive access to features, such as purchasing premium NFTs. MYRIA tokens are also distributed as rewards to node operators who contribute to the security and decentralization of the network.

Token Distribution and Supply

In the Myria ecosystem, the total supply cap of MYRIA tokens is 50 billion. These tokens are allocated to multiple categories, including ecosystem fund, node emissions, project development, liquidity provision, and strategic reserves. Each category has a specific allocation percentage and an unlocking plan to control the token release time.

• Ecosystem Fund (40%)The fund is used to support the growth and development of the MYRIA ecosystem and can be used to fund partnership, reward, and other initiatives to promote adoption and enhance platform functionality. Tokens in this category have a lock-up period for a period of time and will be gradually released according to the predetermined plan.
• Node emissions (36%)These tokens are distributed to node operators who are responsible for ensuring network security and promoting decentralization. Node emissions follow a halving mechanism similar to Bitcoin mining rewards, with supply decreasing over time to help control inflation.
• Project Development (19%)This part of the tokens is specifically used to fund the development of the Myria platform, including technological upgrades, functionality enhancements, and other initiatives to improve overall functionality and user experience. These tokens have a lock-up period of 6 months, followed by unlocking according to a 48-month schedule.
• Liquidity Provision (3%)A small portion of the tokens are used to provide liquidity on the exchange, ensuring sufficient supply to meet demand and facilitate smooth trading of MYRIA tokens.
• Strategic Reserve (2%): This reserve is used to respond to unexpected needs or opportunities, giving the Myria team the flexibility to respond to market changes or strategic needs.

The distribution and supply of MYRIA tokens are managed by smart contracts on the Ethereum blockchain, which enforce rules for token release, unlocking, and distribution, ensuring transparency and predictability throughout the process. Users can view the token supply plan and monitor token release through blockchain browsers such as Etherscan.

focus

• MYRIA Token is the core ERC-20 utility token of the Myria ecosystem, used for facilitating functions such as trading, staking, and governance.
• Token distribution strategies include allocation for supporting ecosystem growth, node emissions, project development, liquidity provision, and strategic reserves.
• Staking MYRIA tokens provides rewards for users, incentivizes network participation, and enhances the security and decentralization of the platform.
• Governance functions allow token holders to participate in decision-making, ensuring that the platform develops in a decentralized and community-driven manner.
• Protocol fees, rewards, and strategic partnerships have enhanced the utility and adoption of MYRIA tokens, driving platform growth and sustainability.