MEGALINK
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  • Tokenomicis & Governance
    • đŸĒ™$MG8
    • âš–ī¸Governance
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On this page
  • Allocation and Vesting
  • Ecosystem Growth (35%)
  • Ecosystem Partners (12%)
  • Core Team (10%)
  • Investor (15%)
  • Foundation (9%)
  • Community & MKT Treasury (14%)
  • Strategic Round (5%)
  • Token Utility
  • Payment
  • Decentralized Governance
  • Staking Reward
  1. Tokenomicis & Governance

đŸĒ™$MG8

MEGALINK Governance Token

PreviousTechnologyNextGovernance

Last updated 11 months ago

$MG8 is the governance token utilized throughout all the games and dApps on the MEGALINK platform. It's subtly designed for sustainable supply and demand with NFT integration, focusing on motivating gamers and token holders in a well-balanced circulating system.

$MG8 offers a democratic governance model, allowing token holders to influence platform and game development. It's also vital for value accrual within the growing ecosystem, increasing demand and potential benefits for holders.

In Web3 gaming, a key issue is attracting speculators, causing token supply inflation. $MG8 addresses this with one in-game currency model, decoupling value accrual and exchange, ensuring token value aligns with platform success. Additionally, it's a governance token shifting power from the team to the community as the platform evolves.

Allocation and Vesting

A total of one billion tokens will be issued, and sustainable liquidity will be assured and increased by designing in a form for long-term operation. The distribution plan is as follows.

Note: These breakdowns are basic indications for now and may be subject to change at a later date

Ecosystem Growth (35%)

Funds allocated for the growth of MEGALINK ecosystem

Ecosystem Partners (12%)

Funds allocated for the MEGALINK ecosystem partners, developers and advisors

Core Team (10%)

Funds allocated for team members

Investor (15%)

Funds allocated for investors

Foundation (9%)

Funds allocated for the operation of the foundation

Community & MKT Treasury (14%)

Funds allocated for marketing and community growth purposes

Strategic Round (5%)

Funds allocated for strategic sales

Token Utility

MEGALINK's native token is $MG8, the top-level token within the entire MEGALINK ecosystem. $MG8 holders have the authority to determine additional supply for staking rewards through decentralized governance.

$MG8 serves the following purposes:

Payment

In many games, large amounts of microtransactions occur daily through the distribution of digital content. In the MEGALINK ecosystem, $MG8 can be used for various microtransactions both inside and outside the game. $MG8 will play a significant role as the primary currency throughout the entire MEGALINK ecosystem.

Decentralized Governance

$MG8 holders can participate in MEGALINK decision-making through decentralized governance. Proposals may include voting on changes in the inflation rate through staking, financial usage, and decisions on which contracts to build, among others.

Staking Reward

Participants can receive staking rewards during the governance participation process. Those who stake a certain amount of $MG8 can become validators.