FAQ about $MY giveaways from MyTonWallet

MyTonWallet Team

How many giveaways from MyTonWallet are there and what are the conditions?

MyTonWallet <> Early Giveaway [✅ FINISHED]
· Dates: 24/04/24 – 06/05/24
· Prize fund: 3 000 000 MY
· Who participates: those with the most points on Community Bot
· Number of prizes: 15 000 (distribution rules)
· Vesting: 20% at TGE and every 30 days
MyTonWallet <> Early Giveaway ROUND 2 | Million MY [🚀 ACTIVE]
· Dates: 15/05/24 – 29/05/24
· Prize fund: 1 000 000 MY
· Who participates: those with the most points on Community Bot
· Number of prizes: 10 000 (distribution rules)
· Vesting: 20% at TGE and every 30 days
MyTonWallet Airdrop for Loyal Users [✅ FINISHED]
· Prize fund: 15 000 000 MY
· Who participates: users of the Staking and Swap functions
· Snapshot date: 12/04/24
· Number of prizes: 26 535 (list of winners)
· Vesting: 20% at TGE and every 30 days

Carefully study which giveaway you are applying for before looking for yourself in the relevant lists of winners.

What is the tokenomics and utility of $MY?

MyTonWallet Coin or MY Coin is a utility token of MyTonWallet. It was minted for free (without presales, ICO, IDO, etc.). Tokens are also awarded for free to loyal users of MyTonWallet services, providing them with additional opportunities and privileges, and are aimed at forming a strong decentralized community.

More about the tokenomics and utility of MY.

When and how will the token accrual (TGE) begin?

In MyTonWallet, a section will soon appear through which you can see the balance of accrued tokens and vesting conditions, and also claim unfrozen tokens.

The expected launch date is May 21th, 2024.

Is it mandatory to complete all tasks in Early Giveaway?

No, however, many tasks can be performed more than once, allowing you to earn more points.

How to properly connect a wallet on Community Bot?

It is very important to make sure that you have the MyTonWallet wallet connected to Community Bot.

First of all, you need to download and install MyTonWallet.

If you have previously connected another wallet to Community Bot, click on Re-connect your wallet to MyTonWallet and select Connect different wallet to switch to MyTonWallet.

Is there a maximum XP for $NOT deposit?

Yes, the maximum is 10,000 XP (1,000,000 $NOT deposit).

Why are points not awarded for swaps?

There are two swap tasks:

Buying Toncoin for cryptocurrency of other blockchains. In this task you can buy TON for USDT-TRC20, USDT-ERC20, BTC, ETH, etc. To do this, you will need to make a transfer from a wallet on another blockchain or from an exchange. Send exactly the amount specified in the swap in one transfer. Do not reuse the address. This process can take up to several hours, after which you will be awarded points.
Purchasing tokens for Toncoin within the TON network. In this task, you can buy any token (USD₮, GRAM, ANON, etc.) for TON. This process can take up to 10 minutes, after which you will be awarded points.

Please note that points are not awarded when selling tokens (USD₮→TON, GRAM→TON, etc.), and swaps outside the MyTonWallet application are not taken into account.

Why are points not awarded for staking?

They will be credited after the giveaway end. This is done to prevent manipulation by dishonest users.

Why can't I put all my TON in staking?

Staking smart contracts in TON are structured in such a way that you need to have about 2 TON in balance to make and withdraw a deposit. Therefore, if you have 5 TON in balance, you can only send 3 TON to staking.

Therefore, for the minimum fulfillment of the staking task, you must have at least 7 TON in your account.

Why are points not awarded for referrals?

Your referrals must complete the following actions:

Install MyTonWallet and create a wallet (or import via 24 words).
After that, follow your referral link to link it to the created wallet.
Open a giveaway on Community Bot, connect the same wallet and start earning points.

Please note that as the distribution progresses, you will only see part of the accrued XP from your referrals: for connecting a wallet and swaps. Referral points for other tasks (subscribing to channels, staking, etc.) will be calculated and awarded after the end of the distribution.

Is it possible to find out how many referrals I have invited?

No, because the number of referrals does not matter. What is important is how many XP points your referrals have earned in total. You will be credited with 20% of this total on your XP balance.

What does Nx2 next to the task about referrals mean?

It indicates how many times your referrals earned 10 points. For example, if you have 5 referrals, each of whom earned 30 points, then they have earned a total of 150 points. Thus, you will see the value 15x2, i.e., 30 points — your reward for the actions of the referrals.

What are the transaction fees?

MyTonWallet does not charge fees for transferring tokens and NFTs. However, there is a blockchain fee. It is constant, does not depend on the transfer amount, and is ~0.01 TON when transferring tokens and ~0.1 TON when transferring NFTs.

Why can't I send USDT, another token or NFT?

Make sure you have enough TON on your balance to pay the blockchain fee (see previous point).

Why is there a fee for swaps?

MyTonWallet provides an aggregating service for decentralized exchanges — when creating an exchange request, our algorithms analyze current rates on all existing exchanges and select the best rate.

For this service, we charge a fee of 0.875%. This is a standard fee — for example, the popular wallet MetaMask charges the same amount. Even considering this fee, exchanging in MyTonWallet often turns out to be more profitable thanks to the automatic selection of the most favorable exchange.

The commission is sent as a separate transaction to the MyTonWallet address, but it is always included in the displayed exchange rate at the time of exchange and is never charged on top.