Overview

Understanding $MYO token

Myosin.xyz is built on the native $MYO token, an ERC-20 utility token that will initially exist primarily on the Polygon blockchain.

All members of Myosin.xyz will be required to hold a minimum of 100 $MYO, which will be sent to them upon admission to the DAO.

• Participation in the Myosin Discord server

• Access to crypto bounties and projects

• Ability to initiate and vote on governance proposals

• Ability to access key documentation, templates, case studies, and tooling

• Ability to participate in the broader and fast-growing Myosin ecosystem

While DAO members are required to hold $MYO to join Myosin, they can earn more $MYO proportionate to their participation in the DAO and their manner of participation (ex. Bounties, projects, DAO leadership roles).

$MYO alone however, will not unlock all functionality, as all members are given and progressively build their Decentralized ID (DID), in the form of a Dynamic NFT, that is also a Soulbound Token (SBT). This DID functions as a On-Chain Reputation Score. When $MYO is publicly launched on DEXes, members can eventually purchase additional tokens on the open market

In the earliest days, we plan on airdropping the required 100 $MYO to our earliest adopters and approved DAO members who have demonstrated a sufficient level of engagement and contribution.