10 Million MYTH Tokens Airdropped to Over 450,000 DOT Holders, According to Chainwire

Zug, Switzerland, October 1st, 2024

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

On September 30th, the Polkadot DAO and Community initiated the distribution of an airdrop of 10 million MYTH tokens to over 450,000 Polkadot (DOT) wallets. This marks a significant collaborative effort between the Mythos and Polkadot ecosystems and represents a historic milestone in blockchain gaming and Web3 innovation.

Users can claim their rewards and "teleport" their tokens to the Mythos Chain through the designated airdrop portal, converting the airdropped tokens into native MYTH, which powers the Mythos gaming chain. The airdrop distribution will conclude within seven days from its commencement.

Airdrop Overview

This airdrop is not just a distribution of tokens but a culmination of extensive feedback from the Polkadot community, making it one of the most transparent airdrops ever executed. The process involved insights from key stakeholders in the Polkadot ecosystem and representatives from organizations such as Scytale Digital, The Kusamarian, OpenGov.Watch, ChaosDAO, PermanenceDAO, and BlockDeep Labs.

The airdrop process was developed and publicly shared through Dune Analytics, spearheaded by the blockchain services firm Colorful Notion, with an audit conducted by Parity Technologies, ensuring complete transparency throughout.

Users can access the airdrop portal through desktop (mobile support is forthcoming) and claim their MYTH to a native Mythos chain address. With the MYTH tokens, users can start engaging in the Mythical Marketplace, conducting transactions on the Mythos chain, and preparing for additional incentives to be announced shortly. This 10 million MYTH airdrop also complements the ongoing Mythical Forest campaign, where holding MYTH tokens provides a multiplier effect on rewards, giving participants a chance to earn from a 2 million MYTH token pool tied to social tasks and quests.

Airdrop Criteria Targeting Active Users

The goals of these initiatives are to encourage participation, with the active Mythical Forest Campaign focusing on social quests, while the MYTH airdrop aims to reward active Polkadot users—those who engage in essential activities like staking, voting in governance, and executing cross-chain (XCM) transactions, which is Polkadot’s distinctive feature showcasing its interoperability. A total of 128,796 active wallets are set to receive rewards, with individual rewards reaching up to 1,337 MYTH based on user engagement levels.

More active participants have received a larger share of the rewards pool. For instance:

• Users who staked their DOT could have claimed extra MYTH tokens.
• Those who participated in cross-chain transactions (XCM)—allowing seamless transfers across chains—were eligible for additional rewards.
• Greater incentives were provided for those voting in Polkadot’s governance system (OpenGov) and participating in crowdloans.

This airdrop rewards those who actively take advantage of Polkadot’s unique features while ensuring that even 347,885 "inactive" wallets received MYTH tokens, benefiting the entire Polkadot community. All wallets had to maintain a balance between 10 DOT and 5000 DOT at the time of the snapshot.

The MYTH Token: Expanding Across Chains

The Mythos blockchain gaming ecosystem, in collaboration with Mythical Games, exemplifies the potential of multi-chain interoperability. The MYTH token is now supported across four blockchains, three of which are secured by Polkadot:

1. Mythos – The native blockchain of the Mythos gaming ecosystem, allowing interaction with campaigns like the Mythical Forest by holding MYTH tokens.
2. Hydration – Polkadot’s leading DeFi chain and advanced decentralized exchange.
3. The home of the MYTH ERC20 token, which can bridge to the Mythos chain via Snowbridge.
4. Asset Hub – A Polkadot system chain, acting as the liquidity focal point for the Polkadot ecosystem and a connection hub for all parachains.

This multi-chain capability reinforces Mythos’ commitment to being chain-agnostic, in harmony with Polkadot’s vision of interoperability. Users can manage their tokens seamlessly through various wallets, including Nova Wallet and SubWallet for mobile users, as well as Talisman and SubWallet for desktop access, with initial airdrop portal support provided by Talisman and SubWallet.

Future Campaigns and Gaming Incentives

In addition to current campaigns, the Mythos Foundation has reserved millions of additional MYTH tokens for community building, gaming incentives, and more, available to users with active accounts on the native Mythos Chain. This reserve aims to foster long-term engagement among token holders and gamers.

More on the Mythical Forest Campaign: 2 Million MYTH Tokens Available

Running parallel to the airdrop is the Mythical Forest Campaign, where participants can complete social tasks to earn points toward a 2 million MYTH token rewards pool. The more tasks participants complete, the more MYTH tokens they can claim, presenting an exciting opportunity for the entire Web3 community. Holders of native MYTH tokens are also further incentivized with bonus rewards.

For detailed information on the airdrop criteria and to confirm eligibility, users are encouraged to check the associated analytics platform.

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 aimed at advancing blockchain technology adoption in gaming, including token distribution and supporting gaming incentives. The foundation emphasizes the importance of ecosystem, governance, and strategic partnerships, such as its collaboration with Polkadot for token swaps and airdrops.

Contact:
Jonathan Duran
Email: [email protected]

This article was originally published on Chainwire.