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myrias
$MYR+
Money

$MYR

What the token does, and what it does not do.

$MYR is the token that points the flock. It gives you a voice in where the flock turns, and a rank. That is what it does, and that is all it does.

Supply

Symbol$MYR
Supply1,000,000,000
Decimals18
Addresspending

The address is published on contracts once it is live. Until then it is pending. Do not trust an address from anywhere else. The only official account is @myriasco.

What it does

  • Compass weight. Your held $MYR balance is the base of your weight on every turn. See the compass.
  • Rank. Depositing lets you point, and pointing well raises your rank and your multiplier. See ranks.

What it does not do

$MYR confers no claim on any funds.

  • No claim on the treasury. Swap fees go to the team treasury. Holding $MYR does not give you any part of it.
  • No claim on the flock vault. The vault is funded and controlled by the treasury. Holders do not own a share of it.
  • No exchange for vault assets. You cannot hand in $MYR and receive anything from the vault or the treasury.
  • No payouts. Holding pays you nothing. There is no distribution of fees or profits to holders.
  • No promise of price. The token's price is set by the market. Nothing holds it up.

Swap fee

Every swap of $MYR through the hook pays a 1% fee to the team treasury (multisig). See fees.

Buyback and burn

The treasury may use part of vault profits to buy back and burn $MYR. That share is the team's decision and is published on this site once set. Until then it is pending. A burn is not a payment to holders, and the share can change. See treasury and control.

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