Review on MYX Network by Adedayo Adeniji
MYX NETWORK
MYX Network is a decentralized finance deflationary staking whereby every transaction burns tokens and if you stake, you earn half of what is burned in proportion to what you have staked.
In MYX Network each address to address transaction reduces the total supply of the token at a rate of 5%, and as the token burns there is less of it in circulation which automatically leads to increase in the price of the remaining token.
By its decentralized Autonomous Organization you as a token holder have the ability to vote on the direction of the project so as to receive incentives.
MYX Network is community driven and it stages airdrops periodically for you as a token holder who has staked his or her tokens. Kindly enjoy through your exploration of it.
Pros
- It is decentralized finance
- It offers staking and airdrops
- It is well incentivized
- It allows you participate in DAO voting
Cons
- It is a new project
