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. The platform is reportedly releasing this service with significant APY as well as a considerably deflationary model.
This program focuses on providing token holders with an exciting opportunity to make massive rewards. It permits consumers to stake $MYTH tokens apart from taking part in protecting the network to get attractive returns.
Mythos Chain Offering Unparalleled Opportunity with 300% APY
Mythos Foundation revealed the provision of up to a 300% annual percentage yield in its new staking program. As per the company, the early participants of the program can leverage the respective opportunity. This makes the Mythos Chain-based staking a considerably lucrative option for the users.
What’s more, within a short period of the staking program’s launch, the platform has already seen a significant amount of staked $MYTH tokens. Particularly, 25M $MYTH in staked tokens reflect robust community enthusiasm and confidence. Moreover, the platform also has a promising reward plan for the upcoming year.
Mythos Chain will disseminate a cumulative amount of 50M $MYTH tokens in staking rewards from its treasury over the next twelve months. It will distribute these tokens via the Polkadot-based Delegated Proof of Stake system.
Highly Deflationary Mechanism for $MYTH Promises Significant Price Appreciation
According to Mythos Foundation, the new staking program has a highly deflationary model. Thus, the fees produced on Mythos Chain are currently being burned. This decreases the overall $MYTH supply.
This deflation could likely boost price appreciation in the long term by reducing token availability. Investors as well as those holding $MYTH can stake assets through Nova Wallet to rapidly begin reward accumulation.
