Token Structure

The MYRIA token is an ERC-20 token, which means it follows the Ethereum standard for fungible tokens and can be easily integrated into various applications and exchanges that support ERC-20 tokens, ensuring its wide compatibility and practicality in the Ethereum ecosystem.

The total supply of MYRIA tokens is finite, that is, the token has a fixed maximum issuance, which helps to maintain the scarcity of the token and positively affect its value in the long term. The distribution of MYRIA tokens takes place through a variety of mechanisms, including first-time sales, network participation rewards, and allocations for development and marketing.

The purpose of the MYRIA token

The MYRIA token has multiple functions in the ecosystem, including governance, transaction fees, staking, and participation in the gaming ecosystem.

Governance

MYRIA token holders can participate in the governance of the Myria platform through voting, which involves decisions on network upgrades, protocol parameter changes, etc. This ensures that the community has a voice in the future development direction of the platform, aligning the interests of developers and users.

Transaction fee

Although Myria provides zero Gas fees for many transactions, certain operations may still incur costs, which are paid in MYRIA tokens, making it an integral part of the platform's transaction economy. The collected fees are usually used to incentivize node operators and validators, ensuring the security and efficiency of the network.

stake

Users can lock tokens in smart contracts to participate in the network validation process. In return, they will receive additional MYRIA token rewards. This staking mechanism incentivizes participants to act honestly and maintain the integrity of the blockchain, thereby helping to ensure the security of the network.

Participation in the gaming ecosystem

MYRIA tokens can be used to purchase in-game assets, trade NFTs, and access premium content of games on the Myria platform. The integration of this token with the gaming experience enhances its utility and creates a robust in-game economy where players can earn, trade, and spend tokens.

Economic incentives

The Myria ecosystem has a variety of incentive mechanisms aimed at encouraging active participation, including staking rewards, liquidity mining, and community-driven projects.

• Staking Reward: Participants help secure the network by staking MYRIA tokens, and are rewarded based on the number of tokens staked and the duration of stake. These rewards incentivize users to lock their tokens in the network, enhancing their security and stability.
• Liquidity MiningTo ensure the liquidity of the MYRIA token, the platform may launch a liquidity mining program. In these programs, users provide liquidity for the MYRIA trading pairs on decentralized exchanges (DEX), and in return receive additional MYRIA tokens. This helps maintain a healthy level of liquidity and ensures smooth and efficient trading of MYRIA tokens.
• Community-driven projects: Myria frequently launches community-driven projects, and participants can contribute to the platform in a variety of ways and earn MYRIA token rewards. These include providing feedback on the development of the platform, participating in promotional events, or contributing to open source projects in the Myria ecosystem.
  These incentives are designed to build a strong, active community, which is critical to the long-term success of the Myria platform. By rewarding users for their contributions, Myria guarantees that its ecosystem remains vibrant and innovative.

Market Performance and Liquidity

The market performance of MYRIA Token is influenced by multiple factors, including the overall adoption of the Myria platform, the demand for in-game assets and NFTs, and the market environment. Since its launch, the token has been listed on multiple major exchanges, ensuring liquidity and making it more accessible to investors.

• High liquidityEnsuring that users can easily buy and sell MYRIA tokens without causing significant price fluctuations is crucial for gaming and NFT transactions. To maintain liquidity, Myria has implemented various measures, including liquidity mining programs and partnerships with major exchanges.
• Market performance: The trading history of the MYRIA token shows that its value is closely tied to the growth and adoption of the Myria platform. As more developers and users join the ecosystem, the demand for the MYRIA token is likely to increase, positively impacting its market value. HOWEVER, LIKE ALL CRYPTOCURRENCIES, MYRIA'S PRICE IS VOLATILE, AND INVESTORS SHOULD BE AWARE OF THE RISKS INVOLVED.

Security Features

Myria has taken multiple security measures to protect MYRIA Token and ensure the integrity of transactions:

• Smart Contract AuditThe MYRIA token and other parts of the Myria platform are regularly audited by independent security companies to identify and fix potential vulnerabilities, preventing malicious attackers from exploiting them.

• Decentralized ArchitectureMyria's decentralized architecture is supported by zk-Rollups technology and Ethereum's security model, which ensures the network remains secure even if certain components are compromised, reducing the risk of single point of failure and making the platform more resilient against attacks.
• Staking Mechanism: Validators who stake MYRIA tokens have financial incentives to act honestly. If a validator attempts to perform malicious actions, their staked tokens may be deducted, providing a strong deterrent to dishonest behavior.
• ComplianceMyria is committed to complying with relevant regulations, particularly with regard to Anti-Money Laundering (AML) and Know Your Customer (KYC) requirements. By adhering to these standards, Myria strengthens the security of the platform and earns the trust of users and partners.

These security measures are essential to maintain the trust of users, developers, and investors on the Myria platform.

Focus

• MYRIA Token is an ERC-20 token used for governance, transaction fees, staking, and participation in the game ecosystem.
• The token structure includes a fixed supply and carefully planned allocations to maintain value and incentivize network participation.
• Economic incentives include staking rewards, liquidity mining, and community-driven projects, ensuring user participation and maintaining the health of the ecosystem.
• Market performance is affected by platform adoption rates and overall market conditions, and liquidity is maintained through various strategies.
• Security features include smart contract auditing, decentralized security architecture, and regulatory compliance measures to protect the ecosystem.