Communities
What Are Community Tokens?
A Community Token represents your group on Mytho. It's the digital identity for communities united by shared interests – whether philosophies, lifestyles, or memes. You can:
Create a new token for free to start a fresh community
Use an existing token (like ASTR or ETH) or NFT if your group already has one
Examples:
A gaming club could launch a “Gamer Legion” token
A project like Uniswap could use its existing UNI token
Creating a new Community
Here’s the step-by-step process:
Start with an Idea: Decide what your totem represents—like a music fanbase or a social movement.
Choose Your Type:
New Community Token: You set its name, thesis (what it’s about), and basic rules.
Existing Token/NFT: Link an existing token (e.g., ASTR) or NFT you own to Mytho as your community token—no minting needed, just integration.
Set the Details:
Title: Name your totem (e.g., “Punk Rock Rebels”).
Thesis: Write a short description of its purpose (e.g., “Uniting punk fans worldwide”).
Avatar: Add an image to represent it.
Rules: Define guidelines for content layers (e.g., “Only punk-related posts”).
Launch It:
For new community tokens, Mytho creates an initial supply of tokens (1 billion total).
You get tokens as a creator bonus to start posting— 250,000 tokens.
Initial sales start (Initial liquidity pool)
Initial Liquidity Pool:
Tokens for Sale: 699,750,000 tokens (nearly 70% of the total supply) go into an initial liquidity pool. Anyone can buy them using MYTHO tokens at a fixed price of $0.000005 per token.
The community token Fully Diluted Market Cap (FDMC) is $5,000 at launch.
All 699,750,000 tokens in the pool are sold at the same price to everyone—no discounts or priority.
If tokens don’t sell out, buyers can swap them back for MYTHO, and those community tokens are burned but can be re-minted later.
Where Funds Go: The MYTHO you spend doesn’t go to the platform or creator. Instead:
71.43% goes to the community’s treasury.
28.57% pairs with 200 million totems (20% of supply) to create a liquidity pool on AMM.
After Full Sale:
Once all tokens are sold:
The treasury gets its 71.43% of collected MYTHO (or another payment token like ASTR on Soneium).
The liquidity pool on AMM is set up with 28.57% of MYTHO/payment token and 200 million community tokens.
Community Control: The liquidity pool’s LP tokens are sent to the treasury and belong to the community, not the creator or platform. Members vote on how to use them, like withdrawing liquidity later.
Treasury Bonus: 10% of the total supply (100 million totems) is sent to the treasury for community use, decided by voting.
Using an Existing Token
Mytho lets you bring an existing token or NFT into the platform and turn it into a token for your community. This means communities with their own tokens—like a project’s cryptocurrency or a unique NFT—can join Mytho and use its tools. Here’s how it works and why it’s a win for them.
How It Works:
Pick Your Token or NFT: If your community already has a token (e.g., ASTR from Astar Network) or an NFT, you can integrate it into Mytho instead of minting a new totem.
Set It Up: Register it on the platform with a title, thesis (what it’s about), avatar, and rules—just like a new totem. No need to create a new supply; you use what you’ve got.
Add a Treasury: Mytho creates a treasury for your community, tied to your existing token or NFT. This treasury starts empty but grows with MYTHO earned through the Merit system.
Full Access: Once integrated, your token or NFT works like any native community tokens—posts can be added, Merit points earned, and the community can vote on decisions.
Advantages for Existing Tokens:
Extra Utility: Your token gets new uses on Mytho—like posting, boosting content, or voting. For example, certain meme coin holders could now add videos to their totem’s page, making the token more than just a tradeable asset.
More Income: Through the Merit system, your community earns MYTHO tokens for actions like adding posts or inviting members. This MYTHO goes to the treasury, giving your community funds to grow—like paying for events or rewarding contributors.
Stronger Community: Posts let everyone contribute content, bringing your group closer together.
Same Features: Your token gets all Mytho benefits—governance, boosting, and treasury management—without starting over. It’s like plugging into a ready-made system.
Example: Imagine the Astar Network community with its ASTR token joins Mytho. They set ASTR as their community, start a treasury, and let members add layers like tutorials or fan art. The community earns MYTHO through Merit, which they use to boost visibility or reward creators—all while keeping ASTR as their core token.
Community tokens as a Share of Treasury and User Security
Owning a community token means you have a stake in its treasury—a pool of MYTHO tokens that grows over time. Mytho builds in safety features to protect you from risks like scams or weak communities. Here’s how it works:
Your Share in the Treasury: When you buy a community token, it’s like owning a piece of its treasury. The treasury starts with MYTHO from the initial sale (71.426% of funds collected) and 10% of the token supply (100 million totems). It grows more as the community earns MYTHO from Merit points. Your totems represent your portion of this stash.
Safety During the Initial Sale: Before the initial pool of 699,750,000 totems sells out, you’re protected. If the community isn’t gaining traction—maybe the idea’s weak or the creator’s not ready—you can swap your tokens back for the MYTHO (ASTR) you spent. Those tokens get burned (taken out of circulation) but can be re-minted later for others to buy.
Safety After Full Sale: Once the pool sells out, your tokens still keep you secure. At any time, you can exchange them for tokens from the treasury, based on how many tokens you have compared to the total supply. For example, if you own 1% of the tokens, you get 1% of the treasury’s tokens. When you do this, your totems are permanently burned—gone for good, reducing the supply.
Why This Helps:
Weak Start Protection: If the community doesn’t sell out, you can get your MYTHO back, no loss. Burned tokens show it’s not ready yet.
Creator Fails: If the creator loses interest or the community flops after the sale, you can cash out your share from the treasury. Permanent burning shrinks the supply, which can benefit remaining holders.
Profit Chance: If MYTHO’s price rises faster than the totem’s, the treasury might be worth more than the community token’s market value. Swapping tokens for MYTHO could give you a gain, and burning helps those who stay.
Burning Benefits: Every time tokens are swapped and burned—whether before or after the sale—it lowers the total supply. Fewer tokens can make the ones left more valuable for holders who stick around.
Why This Matters
Community tokens on Mytho aren’t just tokens—they’re your claim to the treasury’s tokens. If things go wrong, you can exit safely with your share, and burning keeps the system honest. It’s a clear way to protect you from bad starts or fading communities while rewarding those who stay.
Community Token Utility
Owning a community token isn’t just about holding a token—it gives you real power and access on Mytho. The platform makes tokens useful by tying them to specific actions and benefits, ensuring they’re valuable for the community. Here’s what totems do:
Access to Features: You need to own community tokens to use the platform fully. This includes:
Creating Posts: To post content (like memes or videos) on a totem’s page, you must hold at least 1 community token.
Boosting Posts: Locking totems to promote a post and make it more visible requires ownership too.
Hidden Content: Some posts are private—only totem holders can see them, giving you exclusive access.
Voting Power: Community tokens let you vote on big decisions for the community. These votes happen often and can include:
Treasury Airdrops: Splitting some MYTHO from the treasury among token holders.
Rewarding Contributors: Sharing MYTHO with members who help the token grow.
Managing Trading Pool: Deciding how to handle the totem’s liquidity pool on Mytho AMM (e.g., withdrawing funds).
Admin Changes: Picking a new community leader if needed. You need token to have a say, making them a key part of running the show.
Why It’s Useful: Holding community tokens isn’t just for fun—it’s how you join in and shape the community. For example, if the “Punk Rock Rebels” token has a treasury full of MYTHO, you vote on whether to reward a cool post or boost the community token’s profile. It’s a tool to keep the group active and strong, not just a collectible.
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