Entertainment Dapp
Entertainment Dapp: Myth City has an entertainment dapp which supports community based PVP style games. You can stake BNB against other players.
MYTH LP
MYTH LP is a BNB liquidity pool which pools together the fees from all winnings.
When a user claims their winnings, 5% is sent to the MYTH LP but also MYTH tokens will be minted to the user based on how much BNB is contributed to the MYTH LP.
MYTH tokens can be claimed for their proportion of the Liquidity Pool.
Example use of MYTH: If I claim 1% of the MYTH total supply, I receive 1% of the BNB in the MYTH LP. Doing so would burn the 1% MYTH I claimed.
This type of LP has an effect where when someone claims their MYTH the ratio of MYTH to BNB does not change. Basically unlike normal Liquidity Pools, the first and last person to sell(claim) get the same price, or better put, claiming MYTH does not lower the MYTH RATIO.
MYTH RATIO: This is the current ratio which is calculated by (Total BNB in LP / Total Myth Supply)
Example : 1 BNB in LP and 0.8 MYTH supply means the ratio is 1.25.
Expected BNB from claiming MYTH tokens will be (amount MYTH * MYTH RATIO) NOTE: "MYTH" and "Mythral" are two different things!!!
PVP Games
Player vs Player games are staking games where players can stake their tokens against other players using these games to resolve and choose the winner randomly.
Currently we have 3 basic games for players but we hope to add more community based PVP games. BNB is the only currency supported currently, but in the future the plan is to let users bet any token for any token.
An example would be to stake 1 Degen that is highly upgraded for ( 1 BNB, 1 Degen that is not as good, 5000 Mythral and 2 Weapon NFTS) - A 1 to many token bet.
One game to be added shortly after launch is a Degen Jackpot, this will be like normal jackpot games where users can enter their Degen NFT into a pot of Degens and a random Degen is chosen as the winner of the whole pot. There will also be competitions attached to this game such as the person to win the largest pot every 24 hours receives a custom Degen with upgraded Stats and comes equipped with a Weapon, Mod, and Equipment NFT.
An affiliate address can be set to receive an extra 20% in MYTH tokens when claiming winnings. As of now, there are 3 classic pvp based games powered entirely by smart contracts.
Coinflip
Dice Duel
Deathroll
The revenue from the gaming dapp will fuel rewards in other places of the ecosystem. We will use the entertainment dapps revenue to:
Buyback Mythral
Daily Bounty Payouts
Giveaways
Lootbox Rewards
And much more in the future!
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