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A Different Approach

A Different Approach

COIN X
MYTE
No Utilities
In-game Utilities
Unlimited amount (Inflation)
Limited amount (Deflation)
Rug-pull risk
Fully committed team
Speculative value
Real-value backup
Risky to hold
Rewards for holders
No community
The Amazing Pepperfam

The Problem

With the fast adoption of blockchain technology, new tokens and coins are being issued on a daily basis. While this seems to be a great leap to be mainstream, this unprecedented growth comes with a pitfall. There are tens of thousands of altcoins out there with speculative prices and zero utility. Even worse, many organizations issue coins and tokens just for selling them. Instead of creating the use cases for their tokens, many teams move on to the next project and continue the vicious cycle. This created a lot of distrust in the blockchain landscape and actually hampers the adoption of this great technology.

The Solution

We need a new generation of currency tokens that can hold their own intrinsic values instead of relying on the speculation of the market. There are three main ways to make a token like that.
1. Creating a utility for the token.
2. Rewards people owning the token.
3. Make the token a medium of exchange.
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We incorporate these three great principles into one token, following these three steps.
1. Creating the demands and utilities for MYTE with the Pepper Attack game.
2. Rewarding MYTE owners using the funding from the Pepper Pool.
3. Using MYTE as the payment for goods and services through Pepper Commerce.
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The detailed implementation of these three steps is documented in the 2022 Roadmap.