> For the complete documentation index, see [llms.txt](https://docs.myax.me/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.myax.me/token/myax-token-usdmyax/technical-details.md).

# Technical Details

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.\
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**Contract Address:**\
0x4b70dda51EE6328fB1Dd8B7a3FAeA61cB9fdBcC8\
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**Polygonscan Address:**\
<https://polygonscan.com/token/0x4b70dda51ee6328fb1dd8b7a3faea61cb9fdbcc8>\
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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.