Token Description & Project Background

The Mythical Platform is a permissioned blockchain for the gaming and metaverse ecosystem.

The Mythos Foundation was established in October 2022. It manages the DAO intended to support and develop decentralized economies for games and metaverse ecosystems. It is grounded in the support of multi-chain ecosystems, marketplaces, defi financial systems, governance mechanisms and multi-token economies all of which make up the Mythos Ecosystem. 

The Mythos Foundation is made up of a group of advisors from across the blockchain, gaming and entertainment industries. These include Animoca Brands Chairman Yat Siu; Polygon Studios president Ryan Wyatt; and 100 Thieves’ chief product officer Pete Hawley.

MYTH is used as the native currency of the Mythical Platform/ Mythical Games blockchain – it is used to execute smart contracts. MYTH token is also used to power all transactions within the network.

Risks of MYTH

Like an investment in other crypto assets, there are some general risks to investing in MYTH. These include: (i) volatility risk and liquidity risk, (ii) short history risk, (iii) demand risk, (iv) forking risk, (v) code defects, (vi) regulatory risk, (vii) electronic trading risk, and (viii) cyber security risk. For additional information of these and other general risks associated with crypto assets and Uphold’s platform, please refer to the Risks Specific to Holding Digital Assets statement.

In addition to these general risks, an investment in MYTH is subject to the following specific risks:

• Any potential success associated with MYTH is dependent on its rate of adoption by users. Investors should be aware a number of competing blockchain gaming projects have entered the field since 2022.
• Any potential success associated with MYTH is dependent on a number of external factors, such as the growth and increased adoption of the metaverse economy, and the continued popularity of NFTs as digital collectibles.

We emphasize that this Crypto Asset Statement is not an exhaustive description or summary of all risks associated with MYTH. Investors should conduct their own research and perform their own assessment before trading any crypto asset to determine the appropriate level of risk for their personal circumstances.

The MYTH community and Mythos Foundation are not under any legal or regulatory obligation to disclose material information to the public regarding its activities. Holders of MYTH have no recourse to the MYTH community, Mythos Foundation, or Uphold if MYTH declines in value for any reason.

Changes to applicable law may adversely affect the use, transfer, exchange, or value of any of your crypto assets, and such changes may be sudden and without notice.

Uphold’s Evaluation Process

Prior to listing MYTH on the Uphold Platform, Uphold performed due diligence on MYTH and determined that MYTH is unlikely to be a security or derivative under relevant securities legislation. Uphold’s analysis including reviewing publicly available information on the following: 

• The creation, governance, usage, and design of MYTH, including ensuring the source code being open-source, audited and peer reviewed, security, and roadmap for growth in the developer community. 
• The supply, demand, maturity, utility, and liquidity of MYTH.
• Marketing materials put forward by the MYTH social team including, Twitter, Medium blog, LinkedIn posts, Discord and Telegram channels.
• Material technical risks associated with MYTH, including any code defects, security breaches and other threats concerning MYTH and its supporting blockchain (such as the susceptibility to hacking and impact of forking), or the practices and protocols that apply to them.
• Legal and regulatory risks associated with MYTH, including any pending, potential, or prior civil, regulatory, criminal, or enforcement action relating to the issuance, distribution, or use of MYTH. 

General

Uphold has prepared this Crypto Asset Statement based on publicly available information. Although Uphold has taken steps to obtain information from apparently reliable sources, information contained in this Crypto Asset Statement may be inaccurate, incomplete or out-of-date. This overview is a starting point for you to perform your own research prior to investing in a crypto asset.

Uphold users should read the Risks Specific To Holding Digital Assets statement for additional discussion of general risks associated with crypto assets made available through the Uphold platform.  

Canadian residents, please note that Uphold has filed an application for registration in certain Canadian jurisdictions but has not yet obtained registration. Until such time as Uphold obtains registration, Uphold has agreed to abide by the terms of an undertaking available at the following link. Please also review the Uphold Canada – Crypto Risk Statement for additional discussion of general risks associated with the crypto assets made available through Uphold Platform. Please be aware that statutory rights of action for damages or rescission in section 130.1 of the Securities Act (Ontario) and, if applicable, similar statutory rights under securities legislation in the other provinces and territories of Canada do not apply in respect of this Crypto Asset Statement or other disclosures on the Uphold website and Risks Specific To Holding Digital Assets statement. 

Last updated on June 12, 2023.