🪙 myINK

Minting myINK will burn and stake MyS tokens, where the amount needed is calculated through 2 different variables:

1. Fixed amount (e.g. 0.01 MyS) as the starting value, which can be altered by the DAO

2. The relative amount depends on the total supply (e.g. 1/100,000,000 of the total MyS supply) as the start value, which can be altered by DAO

If a user mints and the minter contract holds 0-0.99% of the total MyS supply, 10% will be burned and 90% will be staked. This will continue until the balance of the minting contract is >=1% of the total MyS supply.

The staked amount will be added to the created NFTs but not the total myINK supply.

Also 0.5% of the MyS transaction fees will get staked and 52% of the buy back and burns from the myXXX tokens.

These numbers can change over time.

Example:

Assume the total myINK supply = 100:

• 10 tokens are burned to mint an NFT; 90 are staked at the minter contract

• If a new user now mints myINK for MyS, the staked amount of MyS (depending on the pixel/MyInk used at the time of minting the NFT) can be claimed by burning the NFT

• If a new NFT is minted for 10 myINK, the staked amount of this NFT is 0