The MyBit Network is powered by the MyBit Token (MYB). MYB is used for everything from executing specific functions with our SDKs to accessing features of applications. Basically, all apps built on MyBit (including MyBitGO) use MYB to function. MYB acts as the fuel for the network and is used to execute functions within the MyBit SDK and to access features of applications.
MYB is the fuel of the MyBit Network. It is used for interacting with applications, asset collateral, and staking.
Tokensale (seed round equivalent) was completed on August 17, 2017 with 10,044 ETH contributed.
Tokensale (series A equivalent) will begin on January 1, 2019.
Any future phases should be at the discretion of the community due to the governance protocols which are slowly being integrated into the MyBit business model to work towards a fully decentralised autonomous organisation.
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