Are you tired of missing out of the early sales of new projects? I know I am. Here comes the next big thing in the DeFi space. The first token to use LID's platform to offer a public token sale. Liquid Dividend Protocol is an up and coming platform that offers a safe way to invest in new projects that ensures the creators cannot dump on you. This guarantees the price will pump when it is listed on Uniswap and other exchanges.
What is MYX Network?
MYX Network is a DeFi project built on the Ethereum blockchain. The token is hyper-deflationary, meaning the supply is burned (destroyed) on every Ethereum wallet to wallet transfer. Token holders also have the ability to stake their MYX tokens to earn staking rewards. The rewards are distributed proportionately to every stake based on the amount of tokens they have staked. The rewards are withdraw-able at anytime without any burn tax (not including gas to process the transaction). Enter the Presale here.
How does staking work?
A minimum of 100 MYX Network Tokens are required to begin staking and that amount must be maintained in order to receive staking rewards. When a user stakes their tokens, it is “suspended” by the token smart contract. They do not leave your possession and you have access to them at any time.
Users can unstake their tokens at anytime however a 5% tax is incurred which is then distributed to the remaining staked tokens. When a user unstakes, they also receive one last batch of staking rewards upon their unstaking, afterwards no more rewards are earned unless the user restakes at least the minimum amount of 100 MYX.
The MYX Staking portal:
What is the purpose of MYX DAO?
The DAO makes MYX Network a decentralized organization. It gives ALL members of the DAO voting rights and incentives to utilize those voting rights. These votes are used to unlock funds, determine the direction of the project or suggest changes to the current structure.
The investor aspect of the DAO allows users to determine which projects the organization would invest in and how much of those funds should be invested.
Users will receive rewards from the staked DAO which will be distributed to all stakers.
More about the Investor DAO will be explained in the coming Litepaper.
The sale goes live in just a few short hours at the time of writing this article. You don't wan't to miss this once in a lifetime opportunity.
This article is not meant to be financial advice. Always ensure you do your own research before investing in any product or cryptocurrency.
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