$MYCEL is a utility token for in-network goods. To give it a sense of grounded worth, we reference its value to a basket of three earthbound commodities: cacao, olive oil, and gold. The basket is descriptive — it gives members a way to feel the token's weight in real-world terms. It is not enforced on-chain, and Hyphae cannot be redeemed for the underlying commodities. Read how it works ↓
Each commodity tracks a different rhythm — cacao moves with weather and harvest, olive oil with the Mediterranean season, gold with the long human story of value. Together they smooth each other out.
The basket moves with the world. Some months it rises with cacao volatility; some months it settles with gold. Members can see the rate any time on this page.
The reference rate is calculated on the 1st of each month from public spot prices:
1 MYCEL ≈ 0.4 × (€/gram gold ÷ 50) + 0.3 × (€/litre olive oil ÷ 7) + 0.3 × (€/kg cacao ÷ 6)
The divisors are set so that all three commodities contribute roughly equally at June 2026 baseline. Each month, the new rate is published here with the source prices.
Why these three?
• Gold for ancient memory and slow value.
• Olive oil for Mediterranean nourishment and the rhythm of the harvest.
• Cacao for plant medicine, ceremony, and the heart.
Three earth commodities, three different rhythms, three cultures of value. Their weighted average gives Hyphae a feeling of being grounded in something — without pretending to be something it isn't.
The basket is descriptive, not a peg. $MYCEL is not redeemable for gold, olive oil, or cacao. Fungai Art OÜ does not hold reserves of these commodities. The basket gives members a way to communicate the token's notional value in everyday terms — that is its only function.
No appreciation guarantee. If the basket rises, your in-network purchasing power stays the same (because in-network prices stay in Hyphae, not EUR). If the basket falls, the same applies. The basket changes how you describe Hyphae to outsiders — not what Hyphae buys inside the network.
Not financial advice. The basket rate is a communication tool. Do not treat it as investment information.