10 Million MYTH Tokens Airdropped to over 450,000 DOT Holders

Zug, Switzerland, October 1st, 2024, Chainwire

The MYTH Airdrop Distributes Rewards to Polkadot Users in a Large and Transparent Airdrop Event

Yesterday, the Polkadot DAO and Community commenced distributing an airdrop of 10 million MYTH tokens to over 450,000 Polkadot (DOT) wallets as an inaugural, collaborative action between the Mythos and Polkadot ecosystems.

The airdrop follows the previously announced collaboration between the two entities and is a historic milestone in the industry leaders’ successes at the forefront of blockchain gaming and Web3 innovation. Users can claim their rewards and “teleport” their tokens to the Mythos Chain via the airdrop portal athttps://airdrop.mythos.foundation, transforming the airdropped tokens to native MYTH, which powers the Mythos gaming chain.

The airdrop distribution began on Sep. 30th and will conclude within seven days.

Airdrop OverviewThis airdrop is more than just a distribution of tokens—it’s the product of several rounds of feedback from the Polkadot community, making it the most transparent airdrop ever created. The airdrop was refined with input from the Polkadot community, including input from key Polkadot ecosystem stakeholders and leaders from organizations including Scytale Digital, The Kusamarian, OpenGov.Watch, ChaosDAO, PermanenceDAO, and BlockDeep Labs.

The airdrop was constructed and published via Dune Analytics, led by blockchain services firm Colorful Notion, with an audit conducted by Parity Technologies, allowing full transparency and community insight throughout the process.

Users can login to the airdrop portal on desktop (mobile support coming soon) and claim the MYTH to a native Mythos chain address. With MYTH users can begin operating on the Mythical Marketplace, transacting on the Mythos chain and readying themselves for further incentives expected to be announced in the coming weeks. The 10 Million MYTH airdrop is also intended to complement the ongoing Mythical Forest campaign, in which holding native MYTH tokens gives users a multiplier effect on rewards, allowing them the chance to earn from a 2 million MYTH token pool incentivizing social tasks and quests.

Airdrop Criteria Looking to Reward the Most Active UsersThe goal of the two campaigns is to spure participation, with the currently live Mythical Forest Campaign focused on social quests and the MYTH airdrop focusing on rewarding active Polkadot users—those who have engaged in core activities like staking, voting in governance, and executing cross-chain (XCM) transactions; Polkadot’s signature feature that highlights its unparalleled interoperability. A total of 128,796 active wallets are receiving rewards, with individual wallets receiving up to 1,337 MYTH based on their level of engagement.

Users who had participated more actively saw a significantly higher share of the rewards pool. For example:

If one had staked their DOT, they could have received additional MYTH tokens.If one had engaged in cross-chain transactions (XCM)—Polkadot’s unique feature allowing seamless transfers across different chains.Even more rewards were available for voting in Polkadot’s governance system (OpenGov) and participating in crowdloans.This airdrop incentivizes both active and passive participants in the Polkadot ecosystem, rewarding those who have fully embraced Polkadot’s unique advantages. For users who simply held DOT but didn’t actively participate, 347,885 “inactive” wallets still received MYTH tokens, ensuring everyone with a stake in Polkadot benefited from this community-driven initiative. In both cases the wallet must have held between 10 DOT and 5000 DOT at the time of snapshot.

The MYTH token: Expanding Across ChainsThe Mythos blockchain gaming ecosystem, in collaboration with and support of Mythical Games, is demonstrating the power of multi-chain interoperability with the Mythos chain and MYTH token, which is now supported across four blockchains, three of which are secured by Polkadot:

Mythos - The native blockchain of the Mythos blockchain gaming ecosystem. Users can interact with projects like the Mythical forest campaign by holding their MYTH here. [Hydration - Polkadot’s leading DeFi chain and most advanced decentralized exchange.Ethereum - Home of the MYTH ERC20 token, which can be bridged to the Mythos chain via Snowbridge.Asset Hub - A Polkadot system chain, which acts as the focal point of liquidity entering the Polkadot ecosystem and a hub to connect all parachains.This multi-chain capability reinforces Mythos' commitment to being chain-agnostic, aligning with Polkadot's vision of interoperability across blockchains. Users are able to access and manage their tokens through all major ecosystem wallet UIs including Nova Wallet and SubWallet for mobile users, as well as Talisman and SubWallet on desktop, with initial support for the airdrop portal coming from Talisman and SubWallet on desktop devices.

Future Campaigns and Gaming Incentives

In addition to the current campaigns, the Mythos Foundation has reserved millions of additional MYTH tokens, for community building, gaming incentives and more, available to those with active accounts on the native Mythos Chain. An additional reserve will be used to drive long-term engagement of token holders and gamers.

More on the Mythical Forest Campaign: 2 Million MYTH Tokens Up for GrabsRunning alongside the airdrop is the Mythical Forest Campaign, where participants can complete social tasks and earn points towards a 2 million MYTH token rewards pool. The more tasks completed, the more MYTH tokens participants can claim, making it an exciting opportunity for the entire Web3 community. Holders of native MYTH tokens are further incentivized with bonus rewards.

For full details on the airdrop criteria, including to confirm eligibility, readers can visit https://dune.com/substrate/mythos.

About the Mythos Foundation:

The Mythos Foundation is primarily responsible for the governance and development of the MYTH token and its ecosystem. It oversees initiatives and partnerships aimed at expanding the adoption of blockchain technology in gaming, including managing token distribution and supporting gaming incentives. It emphasizes the broader ecosystem, governance, and strategic partnerships, such as the collaboration with Polkadot for token swaps and airdrops.

For more information on the Mythos Foundation, readers can visit https://linktr.ee/mythostoken.

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This article was originally published on Chainwire

Source: Investing.com