Tokenomics

Total Token Supply

100 Million $MYST Tokens: This limited supply ensures scarcity and maintains value over time, promoting a healthy and balanced economic environment within the Myst ecosystem.

Allocation Breakdown

Team Supply: 20%

20 million tokens are allocated to the Myst team. This acknowledges the team's dedication and incentivizes their continued innovation and support of the Myst platform.

Liquidity: 3 ETH

The initial liquidity, measured in Ethereum, supports the stability and fluidity of the token within the marketplace, ensuring easy trading without major price disruptions.

Fee Structure

5/5 Tax System

Myst uses a tax structure on transactions to benefit the platform's long-term sustainability and its community. Here’s how it works:

5% Buy Tax

Each purchase transaction incurs a 5% fee, funding platform development and providing rewards to token holders.

5% Sell Tax

Each sale transaction incurs a 5% fee, contributing to a stability fund that helps mitigate price volatility and ensures a stable trading environment.

Implications and Benefits

Sustainable Growth

The team allocation and strategic liquidity reserves support platform development and operational stability, paving the way for sustainable growth.

Community Incentives

The 5/5 tax structure incentivizes long-term holding, rewarding community members and contributing to a more stable token economy.

Enhanced Liquidity

By reinforcing liquidity with each transaction, Myst ensures that the $MYST token remains accessible and tradable, benefiting users and traders alike.

This structure effectively communicates the details of Myst’s tokenomics, emphasizing the strategic thought behind the token distribution and transaction fees to ensure a robust ecosystem.