Tokenomics
We want to be transparent as possible with the tokenomics we put in place, both for investors to know their money is safe, and for gamers to know exactly what kind of rewards they stand to make.
Below we have detailed an outline of what we plan to put into place for our tokens Buy/Sell tax, allocation of the total supply, and an explanation of where money put into the game goes after purchasing items such as LootCrates.
Player Rewards Pool
4%
5%
Marketing
2%
3%
Holder Reflections
2%
2%
Liquidity
2%
2%
Total Overall Supply
200,000,000 MGXY
Private Sale Supply
6,000,000 MGXY
Private Sale Hard-Cap
200,000 USDC
Private Sale Rate
30 MGXY/USD
Min-Max Per Person
$150-$1500
Launchpad Pre-Sale
20,000,000 MGXY
Hardcap
800,000 USD
Presale Rate
25 MG / USD
Target Launch Price
22.5 MGXY/USD
Target MC
1,955,555 USDC
Target MC (Fully Diluted)
8,888,888 USDC
Private sale
3%
Marketing
10.00%
P2E Rewards Pool Buyback (Read more about our flexible rewards system)
10.00%
P2E Events/Giveaways/Leader Board Rankings/Competitions
10.00%
Burn 2% Monthly For First 5 Months
10.00%
Staking Rewards
15%
Team
6.25%
Launchpad/ Pre-Sale
10%
UniSwap Liquidity Pool
9%
Exchange Wallets/Listings
16.75%
Private Sale Vesting Schedule:
When we have our token public sale, you will be able to swap your private sale tokens at a 1:1 ratio for the official token contract. These swaps will be limited by a vesting schedule, we will allow you to swap up to a maximum of 20% of your private sale tokens, every week after launch.
This means it will take you 5 weeks to pull out all of your private sale investment should you wish to sell it.
Use Of Funds
Private Sale: 200k
50k Allocated to game development
40k Allocated to team
110k Allocated to marketing
NFT Sale: 10000 NFTS sold for starting at 0.1 ETH Each
20% Game Development
50% Marketing
20% Team
10% Vault For Unforeseen Costs
When players purchase in game items directly from our website, such as LootBoxes or Season Passes, etc... A rough estimate of how this money will be redistributed is shown below:
Buying with MGXY Tokens:
50% Player Rewards Pool
50% Future Development (Marketing, Game development ,Buybacks, Unexpected costs)
Buying with Fiat:
50 % Player Rewards Pool
30 % Future Development (Marketing, Game development ,Buybacks, Unexpected costs)
20 % Team Wallet Multi-Sig Locked
As you can see, most of the proceeds from sales go directly back into the player rewards pool, meaning that if people start spending a lot of money on in game items, all player rewards will be bumped up significantly, thus offsetting the effects of "Pay-To-Win".
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