Greetings members of the Myōbu clan.
This week we have the first announcement of a F.U.R. (Fun, Useful, Rewarding) program. It’s called: “The Fox Pit”.
Imagine, if you will, that each $MYOBU token represents one fox in your army. And you are entered into a tournament, every second week, where your foxes battle against the foxes of other holders. And whichever army wins, gets a share of the Fox Hole Fund for that week! Also don’t worry, since Myōbu are celestial beings, they can’t be killed, but they can definitely fight!
Here is how it works:
On a bi-weekly basis, every $MYOBU holder will be placed in a bracket, depending on the size of their army (amount of $MYOBU tokens).
0.5% of the total weekly volume (7 days of that week: Saturday-Saturday) from the Fox Hole Fund will be distributed to the victors. The winners are given ETH directly to their wallet.
Our charming “Myobu Foxies” will receive eligible wallets from the leadership team and they do the random draw live on Twitch via shared screen with our community (surprise surprise…Any clue who the Myobu Foxies are?). You’ll all see the wallets per bracket from which our Foxies will draw the happy winners.
Here is how the brackets work:
Top 1–50 holders “fight” for 45%
Top 51–250 holders “fight” for 30%
Top 251–500 holders “fight” for 15%
>500+ tokens holders “fight” for 10%
Only holders with a minimum of 50 million $MYOBU token are eligible for the Fox Pit. Important: Holders who sell during the week of the event are excluded from the Fox Pit.
For example, suppose total weekly volume is $1,000,000.
This means $5K — based on 0.5% of weekly volume — goes to the Fox Hole for eligible holders and potential winners. These would be paid out to one lucky holder within each bracket as follow:
Top 1–50 holders “fight” for 45% of $5k = $2,250
Top 51–250 holders “fight” for 30% of $5k = $1,500
Top 251–500 holders “fight” for 15% of $5k = $750
>500+ holders “fight” for 10% of $5k = $500
Another example with a total weekly volume of $10,000,000. This is not an unrealistic figure considering that we had more than $5,000,000 of volumes during the launch of the token on day one:
Top 1–50 holders “fight” for 45% of $50k = $22,500
Top 51–250 holders “fight” for 30% of $50k = $15,000
Top 251–500 holders “fight” for 15% of $50k = $7,500
>500+ holders “fight” for 10% of $50k = $5,000
The amount you could win will increase with the weekly volume, as the funds in our Fox Hole increases. The Myōbu team agreed to remain flexible with regards to all parameters and the occurrence of the Fox Pit event. We aim to involve community ideas for anything we are doing such that we remain open to suggestions and improvements.
We plan also with special contests created for each bracket and extra prizes given out in the form of NFTs and creative rewards once these are ready.
All you have to do to participate is hold $MYOBU, and obviously, the more you hold, the higher the bracket you will be in and the greater chance you have to win more!
May the Foxes be ever in your favor…
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https://t.me/MyobuOfficial
Website:
https://myobu.io/
Read the Whitepaper:
https://myobu.io/files/myobu-whitepaper.pdf
Follow on Twitter:
https://twitter.com/MyobuOfficial
