# Tokenomics

$MYNT are the on-chain fungible utility tokens for the NFT Viking ecosystem. Any functioning universe will develop its own economy, and the $MYNT token will help this economy flourish.

$MYNT is not meant to act as real currency. 1 $MYNT = 1 $MYNT.

The word "mynt" is an obvious reference to what NFT degens do on a daily basis, but it is also the Old Norse (and Icelandic) word for "coin". 

<table data-view="cards"><thead><tr><th></th><th></th></tr></thead><tbody><tr><td><strong>Ticker</strong></td><td>$MYNT</td></tr><tr><td><strong>Max Supply</strong></td><td>7,930,000</td></tr><tr><td><strong>Time to Max Supply</strong></td><td>10 Years</td></tr><tr><td><strong>Decimals</strong></td><td>8</td></tr></tbody></table>

### Why Utility Token?

The most fundamental question is whether we need a utility token at all. Most NFT projects could technically just use the most beloved and common on-chain token we all use: ADA. That's why it's important to explain why we will be using $MYNT in our ecosystem:

* Provide tangible utility attached to $MYNT
* Increased flexibility with community events and rewards
* Opportunity for innovation, partnerships, and other ventures
* Incentives for the team to provide utility for community members

### Trial Period

Although max supply and general allocation mechanics are in place, we recognize that our tokenomics cannot be fully determined in detail until we have a better understanding of our economy in action.

For this reason, we will use the first **8 weeks** after the Cyber Vikings mint to fine-tune our tokenomics, before releasing another major update with those details.