Mist PriceMIST

What is Mist (MIST)?

Mist (MIST) is the native utility and governance token of Mist Metaverse, a play-to-earn NFT open-world role-playing game ecosystem built on the Binance Smart Chain. Launched on April 16, 2021, the project combines gaming, collectibles, NFTs, and metaverse features into a single connected universe. Players can choose from eight character races and nine character classes while exploring a game world exceeding 240 square kilometres in size. The MIST token powers most in-game actions and functions as the de-facto governance token within the Mist world. The token has a fixed total supply of 1,000,000,000 MIST and is not mintable, meaning the supply cannot be increased. Mist is positioned within the growing GameFi sector, blending role-playing game mechanics with blockchain-based asset ownership and decentralised trading.

Key Specifications & Tokenomics

• Name: Mist
• Symbol / Ticker: MIST
• Blockchain / Platform: BNB Smart Chain (BEP20)
• Category: Gaming, Collectibles & NFTs, Metaverse
• Launch Date: April 16, 2021
• Total Supply: 1,000,000,000 MIST
• Max Supply: 1,000,000,000 MIST
• Circulating Supply: 56,357,088 MIST
• Mintable: No
• Contract Address: 0x68e374f856bf25468d365e539b700b648bf94b67
• Official Website: https://mist.game
• Block Explorer: bscscan.com
• Audits: Hacken, Solid Group, Solidity Finance

Who created Mist (MIST)?

The Mist Metaverse project was launched in April 2021. The team's key advisors include Timothea Horwell of Orion Protocol, Eric Su of Exnetwork Capital, and Garlam Won. These advisors bring experience from within the blockchain and venture capital sectors, lending credibility to the project's development. Detailed public information about the core founding team and their backgrounds is currently limited. The advisory roster suggests a focus on leveraging established industry connections to support the project's growth and strategic direction. The presence of advisors from Orion Protocol and Exnetwork Capital indicates early backing from within the broader Binance Smart Chain ecosystem.

How does Mist (MIST) work?

Mist operates as a play-to-earn role-playing game built on the Mist Game Framework (MGF), an in-house gaming platform that provides a created environment with nine playable character classes and their various abilities. The game world spans over 240 square kilometres and supports multiple metaverse, augmented reality, and virtual reality features. 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. NFTs within the Mist ecosystem are functional assets that can be added to the Mist Game Framework and turned into game elements. These NFTs can be traded through in-game exchanges or third-party NFT marketplaces, giving players flexibility in how they manage their digital assets.

What makes Mist (MIST) unique and valuable?

Mist distinguishes itself through several key features. The game is built on the proprietary Mist Game Framework, which provides a structured environment with nine character classes and their associated abilities, creating deep gameplay mechanics. The NFTs in Mist are functional rather than purely collectible, as they can be integrated directly into the game framework and transformed into active game elements. Players can list their NFTs for sale and swap them for MIST tokens through in-game auction houses and a web marketplace, creating a player-driven economy. The native token can be staked outside of the Mist Universe, and when someone places bets or uses MIST for farming, rewards may be generated. The token runs on the Binance Smart Chain and is compatible with every wallet on the network, ensuring broad accessibility and ease of integration for users.

What is Mist (MIST) used for?

The MIST token serves multiple functions within the Mist Metaverse ecosystem. It is the primary in-game utility token used for most actions within the game world, enabling players to interact with the various features and systems. MIST also functions as the de-facto governance token to be used in the in-game world, giving holders a voice in the project's direction and decision-making processes. Beyond gameplay, the token can be staked outside of the Mist Universe, providing holders with additional ways to potentially earn rewards. When someone places bets or uses MIST for farming, a reward may be generated, adding further utility to the token. The token's compatibility with the Binance Smart Chain means it can be used across various decentralised applications and wallets within that ecosystem.

How Is the Mist (MIST) ecosystem developing?

The Mist ecosystem has been developing since its launch in April 2021. As of April 2021, MIST tokens could only be traded on the PancakeSwap decentralised exchange, marking the project's initial trading phase. Over time, the token has expanded to multiple trading venues, with reported pairs including MIST/WBNB on PancakeSwap v2 and USDT/MIST on Orion. The project maintains an active community presence through its official website at mist.game and Twitter account at twitter.com/mistnft. The ecosystem includes in-game auction houses and a web marketplace where players can trade NFTs and swap them for MIST tokens. With over 46,000 holders, the project has established a user base, though market activity levels have varied considerably over time.

How to mine Mist (MIST)?

MIST is not a mineable cryptocurrency in the traditional proof-of-work sense. Instead, the token operates on the Binance Smart Chain as a BEP20 asset. Participants can acquire MIST through trading on supported exchanges or by participating in the game's play-to-earn mechanics. The token can be staked outside of the Mist Universe, and when someone places bets or uses MIST for farming, a reward may be generated. This staking and farming mechanism provides an alternative to traditional mining for those looking to earn additional MIST tokens. Players can also earn MIST by listing their NFTs for sale and swapping them via in-game auction houses and the web marketplace, creating opportunities to generate returns through active participation in the game's economy.

How to keep your Mist (MIST) Coin safe?

MIST can be securely stored on supported wallets that are connected to the Binance Smart Chain. Since the token is a BEP20 asset, it is compatible with every wallet on the network, giving users a wide range of storage options. When selecting a wallet, users should prioritise solutions that offer robust security features such as two-factor authentication, hardware wallet support, and encrypted private key storage. It is essential to keep private keys and seed phrases confidential and never share them with anyone. For additional security, consider using a hardware wallet for long-term holdings. Users should also verify contract addresses before interacting with any token, as the official MIST contract address is 0x68e374f856bf25468d365e539b700b648bf94b67. Regular software updates and caution when interacting with unfamiliar platforms can further protect holdings.

How to buy Mist (MIST)?

Buying Mist (MIST) generally involves a few standard steps. First, users need to create a compatible wallet that supports BEP20 tokens on the Binance Smart Chain. Second, they should acquire a base cryptocurrency such as BNB or USDT through a reputable platform. Third, the acquired cryptocurrency must be transferred to the wallet. Fourth, users can connect their wallet to a decentralised exchange or use a centralised exchange that lists MIST, such as BTCC, to swap their base cryptocurrency for MIST tokens. After the purchase, it is advisable to store the tokens securely in a wallet where the user controls the private keys. Users should always verify the contract address and ensure they are interacting with the legitimate MIST token before completing any transaction.