$MG8
MEGALINK Governance Token
Last updated
MEGALINK Governance Token
Last updated
$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.
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
Funds allocated for the growth of MEGALINK ecosystem
Funds allocated for the MEGALINK ecosystem partners, developers and advisors
Funds allocated for team members
Funds allocated for investors
Funds allocated for the operation of the foundation
Funds allocated for marketing and community growth purposes
Funds allocated for strategic sales
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:
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.
$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.
Participants can receive staking rewards during the governance participation process. Those who stake a certain amount of $MG8 can become validators.
