Key Features

MAGE is the ERC-20 governance and utility token for the MetaBrands ecosystem. The MAGE token can be earned through the monthly Airdrops, liquidity mining, and additional community initiatives. Holders of this token will be able to participate in the DAO by creating proposals and voting opportunities.

Use Cases

  1. NFT Minting: used to mint NFT Relics, Heroes, and more
  2. Yield: airdropped on a monthly basis in MAGE utility tokens
  3. Payments: trade and use as a liquid cryptocurrency asset
  4. Governance: voting and creating proposals
  5. Liquidity Mining: earns yield for adding to liquidity pool
  6. Whitelisting: for internal and external events
  7. Discounts: on NFT purchases using the MAGE utility token

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MAGE utility token gives instant exposure to some of the top-performing, play-to-earn models, NFTs, and other facets of the Metaverse. As the governance token, it grants rights to cast votes and create a multitude of proposals. Token holders have the ability to mint MAGE Relic NFTs, which requires token burning and the owners will be eligible for monthly Airdrops. These Airdrops are a majority portion of monthly yield from different commitments and levels of participation that are used to buy the MAGE utility token from the public market. As the token and ecosystem evolves, the use cases, accessibility, and demand will also increase.

Potential Future Utility

  • Integration in other ecosystems, platforms, and games
  • Expansion as a play-to-earn asset

Updated 25 Oct 2021
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