MyBit Price

MyBit (MYB) is a cryptocurrency launched in 2017. It carves out a specific niche at the overlap of decentralized wealth management and the Internet of Things, operating entirely within the Ethereum ecosystem.

The protocol strips away the custodial overhead that traditionally keeps automated investment tools locked inside large institutions. Developers use the platform to design, test, and maintain on-chain portfolio applications without requiring permission from a central gatekeeper. Complex structured products become programmable building blocks, distributable to anyone with an internet connection.

MyBit operates on the Ethereum network. It inherits the base layer’s settlement finality and security model without running a standalone consensus mechanism.

The token conforms to the ERC-20 standard, so wallet providers and decentralized exchanges integrate it natively. A verified smart contract governs the core logic, exposing developer tooling, fee collection, and application lifecycle events directly on-chain.

A Swiss foundation shepherded the project into existence on June 27, 2017. Contributors distributed across multiple geographies iterated on the codebase, culminating in a detailed whitepaper—version 4.0.0—that outlines a self-sustaining ecosystem for automated investment strategies. No single founder figure dominates the historical record.

The protocol’s overarching mission targets the democratization of algorithmic asset management. By removing intermediaries, it envisions a landscape where IoT-enabled machines autonomously negotiate and settle financial contracts, effectively converting physical devices into independent economic actors.

MYB serves as the utility asset that powers access to the platform’s design and testing environment. Spinning up a simulated portfolio, deploying a new trading template, or querying historical strategy data consumes a small amount of the token. Every interaction with the development sandbox gets denominated in MYB, aligning usage with the protocol’s operational heartbeat.

Developers lock the token to publish smart contract modules and run backtesting workloads on the MyBit infrastructure. Third-party analytics bots spend MYB to fetch on-chain performance metrics. Economic activity circulates around the creation, auditing, and execution of decentralized portfolios rather than securing a validator set.

MyBit (MYB) has a total supply of 179,998,249 tokens. Currently, 179,998,249 MYB are in circulation. With a market capitalization of $14,081.97, MyBit ranks #9,281 among all cryptocurrencies.