Zug, Switzerland, October 1st, 2024,
Chainwire
The MYTH Airdrop Distributes Rewards to
Polkadot Users in a Large and Transparent Airdrop Event
Yesterday, the Polkadot DAO and Community commenced distributing
an airdrop of 10 million MYTH tokens to over
450,000 Polkadot (DOT) wallets as an inaugural,
collaborative action between the Mythos and Polkadot
ecosystems.
The airdrop follows the previously announced collaboration
between the two entities and is a historic milestone in the
industry leaders’ successes at the forefront of blockchain gaming
and Web3 innovation. Users can claim their rewards and “teleport”
their tokens to the Mythos Chain via the airdrop portal
at https://airdrop.mythos.foundation,
transforming the airdropped tokens to native MYTH,
which powers the Mythos gaming chain.
The airdrop distribution began on Sep. 30th and will conclude
within seven days.
Airdrop Overview
This airdrop is more than just a distribution of tokens—it’s the
product of several rounds of feedback from the Polkadot
community, making it the most transparent airdrop
ever created. The airdrop was refined with input from the
Polkadot community, including input from key Polkadot
ecosystem stakeholders and leaders from organizations including
Scytale Digital, The Kusamarian, OpenGov.Watch, ChaosDAO,
PermanenceDAO, and BlockDeep Labs.
The airdrop was constructed and published via Dune Analytics, led by blockchain
services firm Colorful Notion, with an audit conducted by Parity
Technologies, allowing full transparency and community insight
throughout the process.
Users can login to the airdrop portal on desktop (mobile support
coming soon) and claim the MYTH to a native Mythos chain address.
With MYTH users can begin operating on the Mythical Marketplace, transacting on the Mythos chain and readying themselves for further
incentives expected to be announced in the coming weeks. The 10
Million MYTH airdrop is also intended to complement the ongoing Mythical Forest campaign, in which
holding native MYTH tokens gives users a
multiplier effect on rewards, allowing them the chance to earn from
a 2 million MYTH token pool incentivizing social tasks and
quests.
Airdrop Criteria Looking to Reward the Most Active
Users
The goal of the two campaigns is to spure participation, with
the currently live Mythical Forest Campaign focused on social
quests and the MYTH airdrop focusing on rewarding active
Polkadot users—those who have engaged in core activities
like staking, voting in
governance, and executing cross-chain (XCM)
transactions; Polkadot’s signature feature that highlights
its unparalleled interoperability. A total of
128,796 active wallets are receiving rewards, with individual
wallets receiving up to 1,337 MYTH based on their
level of engagement.
Users who had participated more actively saw a significantly
higher share of the rewards pool. For example:
- If one had staked their DOT, they could have
received additional MYTH tokens.
- If one had engaged in cross-chain transactions
(XCM)—Polkadot’s unique feature allowing seamless
transfers across different chains.
- Even more rewards were available for voting in
Polkadot’s governance system (OpenGov) and
participating in crowdloans.
This airdrop incentivizes both active and passive participants
in the Polkadot ecosystem, rewarding those who have fully embraced
Polkadot’s unique advantages. For users who simply held DOT but
didn’t actively participate, 347,885 “inactive”
wallets still received MYTH tokens,
ensuring everyone with a stake in Polkadot benefited from this
community-driven initiative. In both cases the wallet must have
held between 10 DOT and 5000 DOT at the time of snapshot.
The MYTH token: Expanding Across Chains
The Mythos blockchain gaming ecosystem, in collaboration with
and support of Mythical Games, is
demonstrating the power of multi-chain
interoperability with the Mythos chain and MYTH token,
which is now supported across four blockchains, three of
which are secured by Polkadot:
- Mythos - The native blockchain of the Mythos blockchain gaming
ecosystem. Users can interact with projects like the Mythical
forest campaign by holding their MYTH here. [
- Hydration - Polkadot’s leading DeFi chain and most advanced
decentralized exchange.
- Ethereum - Home of the MYTH ERC20 token, which can be bridged
to the Mythos chain via Snowbridge.
- Asset Hub - A Polkadot system chain, which acts as the focal
point of liquidity entering the Polkadot ecosystem and a hub to
connect all parachains.
This multi-chain capability reinforces Mythos' commitment to
being chain-agnostic, aligning with Polkadot's
vision of interoperability across blockchains.
Users are able to access and manage their tokens through all major
ecosystem wallet UIs including Nova Wallet and SubWallet for mobile
users, as well as Talisman and SubWallet on desktop, with initial
support for the airdrop portal coming from
Talisman and SubWallet on desktop devices.
Future Campaigns and Gaming Incentives
In addition to the current campaigns, the Mythos Foundation has
reserved millions of additional MYTH tokens, for
community building, gaming incentives and more, available
to those with active accounts on the native Mythos Chain.
An additional reserve will be used to drive long-term engagement of
token holders and gamers.
More on the Mythical Forest Campaign: 2 Million MYTH
Tokens Up for Grabs
Running alongside the airdrop is the Mythical Forest Campaign, where participants can
complete social tasks and earn points towards a 2 million
MYTH token rewards pool. The more tasks completed, the
more MYTH tokens participants can claim, making it an exciting
opportunity for the entire Web3 community. Holders of native MYTH
tokens are further incentivized with bonus rewards.
For full details on the airdrop criteria, including to confirm
eligibility, readers can visit https://dune.com/substrate/mythos.
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 and partnerships aimed at
expanding the adoption of blockchain technology in gaming,
including managing token distribution and supporting gaming
incentives. It emphasizes the broader ecosystem, governance, and
strategic partnerships, such as the collaboration with Polkadot for
token swaps and airdrops.
For more information on the Mythos Foundation, readers can visit
https://linktr.ee/mythostoken.
Contact
Jonathan
Duran
Jonathan@distractive.xyz
