Myax Whitepaper v1.15
  • Executive Summary
  • Myax
    • Market Potential & Opportunity
    • Beta Release
    • Platform
      • NFT Staking & Ecosystem Sustainability
  • Token
    • Myax Token ($MYAX)
      • Technical Details
      • Utilities
      • Sustainability & Revenue Streams
      • Tokenomics
  • Roadmap
  • Marketing Plan
    • Pre-listing Anticipation Build-up
    • Exchange Listings Proliferation
    • Staking Engagement
    • Platform Release Outreach
    • NFT Staking Drive
    • Deflationary Mechanism & Market Confidence
    • Governance & Community Participation
  • Advisors and Partners
    • Advisors
    • Partners/Backers
  • Team
    • Team
      • Founder Team
      • Production Team
  • Links
  • Legal Notices
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  2. Myax Token ($MYAX)

Technical Details

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Last updated 2 months ago

The tokens will be deployed as ERC-20 tokens on the Polygon network. In order to give creators the opportunity to mint and list their NFTs without any excessive gas fees, we wanted to build a very cheap & sustainable system and Polygon is currently the best layer-2 alternative for such goals in the market. Contract Address: 0x4b70dda51EE6328fB1Dd8B7a3FAeA61cB9fdBcC8 Polygonscan Address: We believe it has a strong future in decentralized networks and NFT operations. A collection of smart contracts that are developed by our team will provide core functionalities on the blockchain, such as:

  • NFT minting

  • Payment gateway

  • Smart wallet

  • Token transaction

NFT Renting

In Myax Platform, wearable NFT renting is one of the utilities provided to creators. With the help of the 30th ERC standard, ERC-4907, users on Myax platform can rent NFTs. This standard allows an NFTS owner to permit another individual to use their NFT for a designated period of time. It is an essential milestone for wearable NFT utilities.

https://polygonscan.com/token/0x4b70dda51ee6328fb1dd8b7a3faea61cb9fdbcc8