Key takeaways
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The Myria token has gone live on OKX.
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The token has a total supply of 50 billion.
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The team announced the launch of its second major NFT airdrop for the Myria community.
Myria Token Launches on OKX Exchange
The Myria token has been made available on the OKX cryptocurrency exchange, according to a press release shared with Coinjournal.
Myria is a Layer 2 blockchain platform on the Ethereum network, which employs ZK roll-up technology to provide players and developers with transacting speeds of over 9000 tps, free of charge. The platform also features zero gas fees on transactions and free NFT minting.
The team revealed that more than 250 third-party gaming projects are currently operating on Myria, while the platform has over one million registered users and 350,000 community members.
MYRIA is an ERC-20 token with a variety of use cases within the ecosystem, including governance, staking, protocol fees, node purchases, and in-game utility. Myria said that more uses for MYRIA would be made available as the platform develops. Brendan Duhamel, co-founder and Head of Blockchain at Myria, commented;
“Our token launch is another step towards our goal of building and scaling innovative blockchain games securely and effectively. Within a short time, Myria managed to bring onboard 1 million users and make it easier for gaming studios to build Web3. This is what will truly scale the ecosystem, and our goal is to make it easier for both players and game studios to enter the Web3 space.”
MYRIA has a 50 billion token supply
Myria’s tokenomics include a maximum supply of 50 billion MYRIA tokens. Of this, 40% is allocated to the ecosystem fund, 36% for node rewards, 19% for project development, 3% for liquidity provision, and the remaining 2% for the strategic reserve.
The team said that the launch of MYRIA on OKX would be celebrated with the Alliance Key NFT Airdrop, which is the second major NFT airdrop for the Myria community. Additionally, the platform’s public node sale will commence on April 7, taking the network to a new level of decentralization.
OKX, one of the world’s leading crypto exchanges, recently announced that it would stop its operations in Canada, citing regulatory issues in the country.
