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10 Million MYTH Tokens Airdropped to over 450,000 DOT Holders

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    Zug, Switzerland, October 1st, 2024, Chainwire

     

    The MYTH Airdrop Distributes Rewards to Polkadot Users in a Large and Transparent Airdrop Event

    Yesterday, the Polkadot DAO and Community commenced distributing an airdrop of 10 million MYTH tokens to over 450,000 Polkadot (DOT) wallets as an inaugural, collaborative action between the Mythos and Polkadot ecosystems.

    The airdrop follows the previously announced collaboration between the two entities and is a historic milestone in the industry leaders’ successes at the forefront of blockchain gaming and Web3 innovation. Users can claim their rewards and “teleport” their tokens to the Mythos Chain via the airdrop portal at https://airdrop.mythos.foundation, transforming the airdropped tokens to native MYTH, which powers the Mythos gaming chain.

    The airdrop distribution began on Sep. 30th and will conclude within seven days.

    Airdrop Overview

    This airdrop is more than just a distribution of tokens—it’s the product of several rounds of feedback from the Polkadot community, making it the most transparent airdrop ever created. The airdrop was refined with input from the Polkadot community, including input from key Polkadot ecosystem stakeholders and leaders from organizations including Scytale Digital, The Kusamarian, OpenGov.Watch, ChaosDAO, PermanenceDAO, and BlockDeep Labs.

    The airdrop was constructed and published via Dune Analytics, led by blockchain services firm Colorful Notion, with an audit conducted by Parity Technologies, allowing full transparency and community insight throughout the process.

    Users can login to the airdrop portal on desktop (mobile support coming soon) and claim the MYTH to a native Mythos chain address. With MYTH users can begin operating on the Mythical Marketplace, transacting on the Mythos chain and readying themselves for further incentives expected to be announced in the coming weeks. The 10 Million MYTH airdrop is also intended to complement the ongoing Mythical Forest campaign, in which holding native MYTH tokens gives users a multiplier effect on rewards, allowing them the chance to earn from a 2 million MYTH token pool incentivizing social tasks and quests.

    Airdrop Criteria Looking to Reward the Most Active Users

    The goal of the two campaigns is to spure participation, with the currently live Mythical Forest Campaign focused on social quests and the MYTH airdrop focusing on rewarding active Polkadot users—those who have engaged in core activities like staking, voting in governance, and executing cross-chain (XCM) transactions; Polkadot’s signature feature that highlights its unparalleled interoperability. A total of 128,796 active wallets are receiving rewards, with individual wallets receiving up to 1,337 MYTH based on their level of engagement.

    Users who had participated more actively saw a significantly higher share of the rewards pool. For example:

    • If one had staked their DOT, they could have received additional MYTH tokens.
    • If one had engaged in cross-chain transactions (XCM)—Polkadot’s unique feature allowing seamless transfers across different chains.
    • Even more rewards were available for voting in Polkadot’s governance system (OpenGov) and participating in crowdloans.

    This airdrop incentivizes both active and passive participants in the Polkadot ecosystem, rewarding those who have fully embraced Polkadot’s unique advantages. For users who simply held DOT but didn’t actively participate, 347,885 “inactive” wallets still received MYTH tokens, ensuring everyone with a stake in Polkadot benefited from this community-driven initiative. In both cases the wallet must have held between 10 DOT and 5000 DOT at the time of snapshot.

    The MYTH token: Expanding Across Chains

    The Mythos blockchain gaming ecosystem, in collaboration with and support of Mythical Games,  is demonstrating the power of multi-chain interoperability with the Mythos chain and MYTH token, which is now supported across four blockchains, three of which are secured by Polkadot:

    1. Mythos – The native blockchain of the Mythos blockchain gaming ecosystem. Users can interact with projects like the Mythical forest campaign by holding their MYTH here. [
    2. Hydration – Polkadot’s leading DeFi chain and most advanced decentralized exchange.
    3. Ethereum – Home of the MYTH ERC20 token, which can be bridged to the Mythos chain via Snowbridge.
    4. Asset Hub – A Polkadot system chain, which acts as the focal point of liquidity entering the Polkadot ecosystem and a hub to connect all parachains.

    This multi-chain capability reinforces Mythos’ commitment to being chain-agnostic, aligning with Polkadot’s vision of interoperability across blockchains. Users are able to access and manage their tokens through all major ecosystem wallet UIs including Nova Wallet and SubWallet for mobile users, as well as Talisman and SubWallet on desktop, with initial support for the airdrop portal coming from Talisman and SubWallet on desktop devices.

    Future Campaigns and Gaming Incentives

    In addition to the current campaigns, the Mythos Foundation has reserved millions of additional MYTH tokens, for community building, gaming incentives and more, available to those with active accounts on the native Mythos Chain. An additional reserve will be used to drive long-term engagement of token holders and gamers.

    More on the Mythical Forest Campaign: 2 Million MYTH Tokens Up for Grabs

    Running alongside the airdrop is the Mythical Forest Campaign, where participants can complete social tasks and earn points towards a 2 million MYTH token rewards pool. The more tasks completed, the more MYTH tokens participants can claim, making it an exciting opportunity for the entire Web3 community. Holders of native MYTH tokens are further incentivized with bonus rewards.

    For full details on the airdrop criteria, including to confirm eligibility, readers can visit https://dune.com/substrate/mythos.

    About the Mythos Foundation:

    The Mythos Foundation is primarily responsible for the governance and development of the MYTH token and its ecosystem. It oversees initiatives and partnerships aimed at expanding the adoption of blockchain technology in gaming, including managing token distribution and supporting gaming incentives. It emphasizes the broader ecosystem, governance, and strategic partnerships, such as the collaboration with Polkadot for token swaps and airdrops.

    For more information on the Mythos Foundation, readers can visit https://linktr.ee/mythostoken.

     

    Contact

    Jonathan Duran
    [email protected]

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    Coastal Community Bank Appoints President of CCBX Division

    2024-10-03T15:05:27Z

    EVERETT, Wash., Oct. 03, 2024 (GLOBE NEWSWIRE) -- Coastal Financial Corporation (Nasdaq: CCB) (the “Company”), and its subsidiary, Coastal Community Bank (the “Bank”), announced that its role of President of the Bank is to be bifurcated to accommodate the Bank’s growth and plans for the future. The Bank announced the appointment of Brian Hamilton as President of CCBX, the FinTech and banking-as-a-service division of the Bank. Mr. Hamilton is a current member of the Company’s Board of Directors. In connection with the reorganization of the role of the President, the Bank also announced that Curt Queyrouze, the President of the Company and the Bank, will serve as President of the community bank division and will be responsible for leading the community bank and corporate credit.

    “As Coastal focuses on growing CCBX, we continuously seek out individuals with the skillsets and experience that we believe will bolster our banking-as-a-service division and who complement the leadership team already in place,” said Eric Sprink, the Company’s Chief Executive Officer. “We were fortunate to add Brian to our Board of Directors earlier this year and since then, he has been an invaluable contributor to the Company and the Bank. Brian’s appointment to this new role will allow the Company to benefit more deeply from his background and extensive expertise in banking, lending, payments and digital products development,” Mr. Sprink added.

    “Outside of CCBX, Coastal has been a fixture of community banking in the Puget Sound region for decades. We are excited to be able to bring that local, customer-first, community banking perspective and experience to new customers by evolving the community banking division to incorporate additional digital access for customers,” said Mr. Sprink. “Curt’s leadership, experience, and foresight have been key to Coastal’s success since he was appointed as President, and we are excited for him to build Coastal’s community bank division.”

    Mr. Hamilton is a seasoned financial technology executive and business leader, with more than 25 years of experience in banking, lending, payments and digital product development. Mr. Hamilton has held senior leadership roles at Capital One, serving as President of their Merchant Services division, Wells Fargo and Verifone, in addition to founding and operating multiple companies in the fintech space. Most recently Mr. Hamilton was co-founder and CEO of ONE (One Finance Inc.), which was acquired by a Walmart led joint venture in 2022. Prior to co-founding ONE, he was the founder of Azlo, a digital bank for small businesses, and helped to build out the BBVA Open Platform for sponsor banking services.

    “I am thrilled to deepen my relationship with the Coastal team in my new role leading the CCBX business. I have been lucky enough to work with many in management and across the Company and the Bank since joining the Board of Directors. I am excited to be able to take the experiences I gained and serve the Company and the Bank both as a member of management and as a director,” said Mr. Hamilton.

    About Coastal Financial Corporation

    Coastal Financial Corporation (NASDAQ: CCB), is an Everett, Washington-based Bank holding company with Coastal Community Bank (the “Bank”) a full-service commercial bank, as its sole wholly-owned banking subsidiary. The Bank operates 14 branches in Snohomish, Island, and King Counties, online and through mobile banking. The Bank’s CCBX division provides banking as a service (“BaaS”) that allows our broker-dealer and digital financial service partners to offer their customers banking services. As of June 30, 2024, we had total assets of $3.96 billion, loans receivable of $3.3 billion, total deposits of $3.5 billion, and total shareholders’ equity of $316.7 million. To learn more about Coastal Community Bank visit www.coastalbank.com. Member FDIC.

    Forward Looking Statements
    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect our current views with respect to, among other things, future events and our financial performance. Any statements about our management’s expectations, beliefs, plans, predictions, forecasts, objectives, assumptions or future events or performance are not historical facts and may be forward-looking. These statements are often, but not always, made through the use of words or phrases such as “anticipate,” “believes,” “can,” “could,” “may,” “predicts,” “potential,” “should,” “will,” “estimate,” “plans,” “projects,” “continuing,” “ongoing,” “expects,” “intends” and similar words or phrases. Any or all of the forward-looking statements in this earnings release may turn out to be inaccurate. The inclusion of or reference to forward-looking information in this earnings release should not be regarded as a representation by us or any other person that the future plans, estimates or expectations contemplated by us will be achieved. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs. Our actual results could differ materially from those anticipated in such forward-looking statements as a result of risks, uncertainties and assumptions that are difficult to predict. Factors that could cause actual results to differ materially from those in the forward-looking statements include, without limitation, the risks and uncertainties discussed under “Risk Factors” in our Annual Report on Form 10-K for the most recent period filed and in any of our subsequent filings with the Securities and Exchange Commission.

    If one or more events related to these or other risks or uncertainties materialize, or if our underlying assumptions prove to be incorrect, actual results may differ materially from what we anticipate. You are cautioned not to place undue reliance on forward-looking statements. Further, any forward-looking statement speaks only as of the date on which it is made, and we undertake no obligation to update or revise any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events, except as required by law.

    Contact:
    Joel Edwards
    Chief Financial Officer
    425.357.3687
    [email protected]


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