What Is Mist (MIST)?
Mist is an NFT open-world role-playing game ecosystem on the Binance Smart Chain (BSC). It offers users the ability to easily exchange in-game assets without any intermediaries. The developers, in turn, can attract new users and receive additional income from the sale of game items and tokens.
Mist launched in Q1 2021 and is built around NFTs, staking and farming. The Mist Universe and all its elements run on the BSC with the MIST token acting as the main in-game currency used to buy NFTs.
Who Are the Founders of Mist?
Mist is a Binance Smart Chain-based action RPG that was created by anonymous developers.
From the beginning of April 2021, Mist has partnered with Solid Group, KickPad, Solidity Finance, Vendetta Capital, DuckDAO, MANTRA DAO, AU21 Capital, JUN Capital, Exnetwork Capital and X21 Digital.
The team’s key advisors include Timothea Horwell (Orion Protocol), Eric Su (Exnetwork Capital) and Garlam Won.
What Makes Mist (MIST) Unique?
The game is based on the in-house gaming platform Mist NFT Game Framework (MNGF). MNGF is a created environment with five playable character classes and their various abilities. The NFTs in Mist are functional: they can be added to the Mist Game Framework and turned into game elements. They can also be traded in two ways: on in-game exchanges and on third-party NFT exchanges.
The main purpose of the MIST token is to buy and exchange NFTs both in the game and beyond. Participants can list their NFTs for sale and swap them for MIST tokens via in-game auction houses.
The native token can be staked outside of the Mist Universe. When someone places bets or uses MIST for farming, a reward is generated. The token runs on the Binance Smart Chain and is compatible with every wallet on the network.
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How Many Mist (MIST) Coins Are There in Circulation?
MIST is a cryptocurrency token based on the Binance blockchain with a total supply of 1,000,000,000 tokens. It has a circulating supply of 56,357,088 tokens as of April 2021.
The token allocation is as follows: 20% to staking and farming out-of-game and 3% to staking and farming in-game, 10% to marketing and centralized exchanges, 4.5% to the team, 7.5% to the advisors, 9% to the partners, 10% to in-game drops and 1.2% to DEX liquidity.
The initial dex offering (IDO) sale took place on April 16, 2021, on KickPad, an IDO launchpad on the Binance Smart Chain.
How Is the Mist Network Secured?
To ensure a seamless and secure connection to the Binance blockchain, the team uses a Python SDK that runs server-side, allowing transactions to be routed into the Binance Smart Chain with each user's account information securely forwarded to the smart contracts.
Mist (MIST) has been audited by Solid Group and Solidity Finance, covering a wide range of token characteristics and reviewing the smart contract code. MIST can be securely stored on supported wallets that are connected to the Binance Smart Chain.
Where Can You Buy Mist (MIST)?
As of April 2021, MIST tokens can only be traded on the PancakeSwap decentralized exchange.
To learn more, read our dedicated guide on how to buy Bitcoin and other cryptocurrencies.