Introducing ChainMyth

Dear Community,

Welcome to ChainMyth ! What we are building ? What is our long term goal and the benefits for holders/users ?

ChainMyth(BlockChain Mythology), is a 5v5 FPS multiplayer game with MOBA mechanics and a Play-To-Earn model. Regarding gameplay and game mechanics, it is inspired from Valorant. Game environment and characters are designed around Ancient Indian mythology.

In-game virtual assets such as skins, weapons, taunts and characters are tokenised into NFT(Non-Fungible Tokens). Distributed to GT and NFT holders.

There are total of 14 characters in-game. Monkey King will be the first character that will be minted by public. Total of 5000 supply, which was divided into,

1. 1250 Golden Tickets — Character NFT+ in-game item drops
2. 3750 Character NFT

Golden Tickets, a total count of 1250 was minted on late October for a price of 1.2 SOL.

GT holders will be eligible to claim their character NFT during public launch and the added benefits for GT is all in-game item drops.

As an asset owner, you will have the rights to list it on in-game marketplace or secondary marketplace as Solanart or MagicEden.

Remaining 13 characters will be dropped to Monkey King NFT holders, snapshot will be taken 1 week prior to distribution. Every characters will be a separate collection. Regarding rarity and uniqueness, only monkey king will be custom and unique. Rest of the 13 characters are single custom set.

Benefits for NFT holders and Value Proposition

1. Monkey King will be owned only by NFT holders and players who want to use this character have to either rent it or purchase it from marketplace to unlock it.
2. Traditional gamers and NON-NFT owners can still play the game, but limited only to default skin and 13 heroes. Additional perks such as Monkey King character or custom sets or weapons or taunts have to be rented or purchased. There is no game advantage, only cosmetics.
3. NFT Staking to farm game’s native token $MYTH — 15% of the supply is reserved for NFT holders to farm via staking and distributed based on your pool weight, (Total Number of NFTs staked vs Individual NFT holding).
4. Lending/Borrowing — Collateral-Less borrowing mechanism will be implemented with IQ Protocol integration. Borrowers will purchase wrapped NFT at the cost of interest rate and expiry date. As a lender, your underlying asset will be unlocked once the expiry date is over and you will be able to redeem the interest.
5. Ecosystem fees which is accrued from ranked games and lobby registration fees will be shared in 1:1 ratio with NFT holders.

Regarding staking, only MONKEY KING NFT holders will be eligible to enter the pool.

Regarding play-to-earn model and game’s native token $MYTH will be discussed in detail on the next article ! Cheers !