HomeCoinsMyTVchain (MYTV)We are introducing a revolution to the sports world | by MyTVChain...

We are introducing a revolution to the sports world | by MyTVChain | Dec, 2021

- Advertisement -


MyTVChain

– MyTVchain 2.0 –

We are introducing a revolution to the sports world | by MyTVChain | Dec, 2021
MYTVCHAIN 2.0 — $MYTV TOKEN

We are truly proud to launch MyTVchain to the world. A digital ecosystem for sports, powered by blockchain technology, MyTVchain gives the most passionate fans a unique experience. We’ve built a one-of-a-kind platform where you can support your passion while earning rewards.

MyTVchain is a decentralised and virtuous ecosystem that combines :

Find out more in our dedicated NFT explainer (coming soon)

More than a utility token. The cornerstone of the ecosystem.

The $MYTV token is a utility token based on the Binance Smart Chain (standard BEP-20) with a total supply of 390.000.000 tokens . At launch, 71% of this total supply was locked in a governed smart contract. Locked tokens are progressively released to reward users through the MyTVchain ecosystem.

#Fan2Earn Concept

$MyTV tokens are used on our Marketplace NFT to :

1 CARD PACK
3 CARDS BOOSTER PACK

As pioneers in what we do, we felt that ‘Collect & Play’ to earn wasn’t enough. We have created the perfect and unique way of supporting your athlete by living your passion :

The Fan2Earn

71% of the token supply is locked in a smart-contract whose purpose is to allocate rewards to supporters as they perform specific actions through our ecosystem.

We’re introducing our Watch2Earn vision (Q2/Q3 2022), making our WebTv platform the only place where enjoying sport competitions can actually make you money:

In the future, the $MYTV token will support a multitude of community-governed products (Staking, Farming, Masternodes) which will make it highly valuable over-time.

STAKING : $MYTV holders are able to stake (lock) their tokens for specific timeframes (30d / 90d / 365d) and thus generate passive incomes. APR (Annual Percentage Rate) of the sum locked depends on the staking timeframe :

*In the long run, we plan to be progressively decentralised. It means that we want our community being involved in strategic decisions, by community votes. This includes voting for staking APRs to decide for the perfect match between their passive incomes and MyTVchain’s economic mechanisms.

FARMING : $MYTV holders are actively contributing to the functioning of our Decentralised Exchange (DEX) by providing liquidity through LP tokens. They’re rewarded directly from the token reserve.

Farming APR evolves depending on the amount of LP tokens staked in liquidity pools, as follow :

*APRs shown above are estimates with an error margin of about 5%. Also, you may notice that it is impossible to reach 100% of the circulating supply staked in liquidity pools, the average being generally near 30 to 40%.

MASTERNODE : $MYTV holders can participate in MyTVchain’s “Decentralised Video System” by creating their own node to share bandwidth and storage capabilities. They get rewarded for their contribution to ensure the scalability of our network.

Note : A thorough technical study must be made on this subject, we plan to integrate decentralised masternodes by mid-2022.

ON-CHAIN GOVERNANCE : Decentralisation is anchored in our DNA. In the long run, MyTV’s community will be able to vote on proposals and key decisions such as rewards distribution, staking model and the allocation of funds to finance amateur sport.

Note : To ensure project evolution in the long run, the decentralisation of our network will be progressive over-time, step by step. Decentralisation is at the heart of our concerns and we plan to be fully decentralised over 2023.

MYTV’s tokenomics are designed to increase in value over-time through supply rarefaction mechanisms. Concretely, a part of fees and revenues are burnt to reduce the circulating supply :

When the transaction volume on the marketplace increases, it increases the volume of $MYTV tokens burnt. This reduces the total supply of tokens and ultimately increases its value.

BUY-BACK : A percentage of MyTVchain’s revenues is used to buy-back $MYTV tokens on the market and abound the reserve. The first percentage will be fixed at launch and calculated based on products and services margins.

SITE INTERNET : https://mytvchain.io/

DISCORD : https://discord.gg/R3B64YGz8Y

TWITTER : https://twitter.com/MyTVchain

Find out all our articles here : https://mytvchain.medium.com/





Source

- Advertisement -
Mr Bitcointe
Mr Bitcointehttps://www.bitcointe.com/
“Fact You Need To Know About Cryptocurrency - The first Bitcoin purchase was for pizza.” ― Mohsin Jameel
462FansLike
76FollowersFollow
4,567FollowersFollow
5,261FollowersFollow
1,580FollowersFollow
2,230SubscribersSubscribe

Most Popular

bitcoin
Bitcoin (BTC) $ 23,226.22
ethereum
Ethereum (ETH) $ 1,697.26
tether
Tether (USDT) $ 1.00
bitcoin-cash
Bitcoin Cash (BCH) $ 134.88
litecoin
Litecoin (LTC) $ 59.22
eos
EOS (EOS) $ 1.18
okb
OKB (OKB) $ 18.29
tezos
Tezos (XTZ) $ 1.80
leo-token
LEO Token (LEO) $ 4.83
cardano
Cardano (ADA) $ 0.511923
monero
Monero (XMR) $ 157.97
stellar
Stellar (XLM) $ 0.122619
chainlink
Chainlink (LINK) $ 8.71
huobi-token
Huobi (HT) $ 4.37
tron
TRON (TRX) $ 0.068956
usd-coin
USD Coin (USDC) $ 1.01
dash
Dash (DASH) $ 52.86
neo
NEO (NEO) $ 11.03
iota
IOTA (MIOTA) $ 0.328699
nem
NEM (XEM) $ 0.049881
zcash
Zcash (ZEC) $ 78.86
maker
Maker (MKR) $ 1,064.75
paxos-standard
Pax Dollar (USDP) $ 1.01
ethereum-classic
Ethereum Classic (ETC) $ 37.12
vechain
VeChain (VET) $ 0.030199
true-usd
TrueUSD (TUSD) $ 1.00
ftx-token
FTX (FTT) $ 29.88
kucoin-shares
KuCoin (KCS) $ 10.59
waves
Waves (WAVES) $ 5.87