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This post focuses on the presale of Mynt Token (MYNT). It will answer questions about the presale itself, including how it works and what benefits there are to participating in it now. This post will also provide information as well as offer step-by-step instructions for those interested in investing their SOVs during this period!
Sovryn Mynt is an aggregator protocol for BTC-backed stablecoins. Multiple methods of creating BTC-collateralized tokens, pegged to BTC will be aggregated into a single, ultra-stable coin. For this proposal, we will refer to the aggregate coins as “B-Stables”. Multiple B-Stables can be created for different pegs. However, initially, it is envisioned that only one peg (possibly to USD) will be chosen.
November 8-15, 2021, sale starts at 15:00 UTC.
During the entire Bootstrap Event, the price of MYNT will be fixed at 100 MYNT per SOV.
The sale will take place on Sovryn Origins Launchpad.
Accepted assets to participate in the sale: SOV, rBTC, XUSD, ETHs, BNBs
*Purchasing MYNT with SOV involves 2 transactions, with RBTC it involves 3 transactions, and with other tokens (XUSD/ETHs/BNBs) it requires 4.
MYNT stakers would play an important role in the Sovryn ecosystem by setting the collateralization standards required of BTC-stability protocols for inclusion in the Mynt.
MYNT stakers would then be in a position to benefit from fees generated by the Sovryn Mynt. This revenue may be generated primarily from three types of activity:
- Trading fees accrued by traders trading one sub-token
- Redemption fees that may be charged if the stablecoin trades at a premium to its peg
- Lending of the aggregate tokens, should this activity occur in the future
- Additional opportunities for revenue may also arise or be developed.
What is the MYNT smart contract address?
What is MYNT’s supply?
Initial Supply = Bootstrap Supply + Incentive Supply. Once the bootstrap event is over, the bonding curve will go live, and the supply of MYNT will fluctuate based on how much SOV is locked up in the bonding curve according to the bonding curve formula. To see how these are calculated, see this section of the wiki page.
Will the price change? Should I hurry?
During the entire Presale week, the price of MYNT will remain stable at 0.01 SOV.
Where can I find MYNT tokenomics?
When will MYNT be liquid?
As soon as you finalize your purchase
How can I add MYNT to Metamask or other wallets?
Click “Import Tokens” and then paste the MYNT smart contract address - 0x2e6B1d146064613E8f521Eb3c6e65070af964EbB
Go to https://live.sovryn.app/origins and take your part in MYNT history.
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