Due to the complexities of the algorithms and smart contracts introduced by MyTrade V2, MyTrade V2 will first launch with a Beta version allowing users to test our mining incentives and tokenomics. MyTrade V2 Beta will launch with an experimental token eMYT. This experimental beta phase with eMYT will last 1–2 months, and afterwards the platform will smoothly transition to using MYT.
The total supply of eMYT is 10 million and will be released for mining incentives over the 30–50-day beta period. After the end of the beta, all eMYT that has not been mined will be destroyed.
You can get eMYT via MyTrade V2’s mining incentives or by directly purchasing it.
eMYT Contract Address: 0xda95a11eDbcd59552271a47E3DE34A9b4FD905c4
eMYT Allocation
45% allocated to Liquidity Mining
35% allocated to Limit Order Mining
20% allocated to Trade Mining
eMYT is available for mining at block height 20725400 on Polygon.
Mining eMYT
MATIC/USDC is the first pair that we launched for all 3 mining incentives. Every week, we will add another mainstream trading pair for mining incentives.
- Trade Mining: Takers can earn eMYT by successfully executing MARKET trades on selected pairs.
- Liquidity Mining: Liquidity Providers can add liquidity to selected AMM pools to earn eMYT. Be sure to lock your LP token to start actually Liquidity Mining.
- Limit Order Mining: You can earn eMYT by placing orders on the Order Book within the valid spread on selected pairs. There is a slight delay in displaying your eMYT reward as it calculates, so your rewards won’t be available to claim in real time.
You will be able to see your earned mining rewards in the Mining page.
What can I do with mined eMYT?
1. eMYT has a value and is tradeable on MyTrade. You can sell mined eMYT for USDC.
2. Burn and Earn is coming soon, where you can stake your eMYT and split MyTrade’s profit proportionally. 0.3% of all the trading fees during the beta phase will be split with staked users in USDC. 100% of the staked eMYT will be burned at the end of the experimental phase. If you feel MyTrade will rise and shine in the upcoming two months, why not make a bet for a potential higher profit.
3. eMYT will become a governance token with double the voting rights of MYT in the future. So holding eMYT is also a good choice if you plan to voice your opinion in the long term.
Try out MyTrade below:
PC (Polygon, HECO, HPB): https://mytrade.org
Social Medias:
Telegram: https://t.me/MyTradeGlobal
Twitter: https://twitter.com/mytradeglobal
Medium: https://mytradeglobal.medium.com
