9min

Tokenomics

The issuance of the MAGE utility token will be unlocked sequentially over a 3-year time period, following the public launch. The total supply of the MAGE token is 100 million and will never be exceeded. The tokenomics for MAGE utilize token burning to create a deflationary supply.

Token Statistics

Token Name (Ticker)

MAGE

Token Type

ERC-20 (Utility & Governance)

Total Supply

100,000,000

Initial Circulating Supply

6,320,000 - 2% LP + 4.32% Presale Unlock

Initial Marketcap

$948,000

FDV (Fully Diluted Value)

$15,000,000



Token Allocation



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Tokenomics

Allocation

Percentage

Token Amount

Price

Information

Seed

8%

8,000,000

$0.0625

15% - Token Launch, 10% Monthly After, 5% Final Distribution. (9 Months Vesting - Ends September 2022)

Private

14%

14,000,000

$0.086

18% - Token Launch, 12% Monthly After, 10% Final Distribution. (7 Months Vesting - Ends July 2022)

IDO

3%

3,000,000

$0.1

20% - Token Launch, 20% Monthly After. (4 Months Vesting - Ends April 2022)

Liquidity (Uniswap)

2%

2,000,000

$0.15

Initial Liquidity, Paired with $300,000 (ETH)

Liquidity Mining (LP Incentives)

20%

20,000,000



5 Year Linear Lock

Treasury

20%

20,000,000



Expansion of business operations for asset acquisition, cross-chain & DEX liquidity

Community Growth

15%

15,000,000



3 Year Linear Lock

DAO Operations

5%

5,000,000



Bounty rewards for DAO executors & participants

Foundation

5%

5,000,000



2 Year Lock, 8.33% Monthly After

Advisors & Partners

8%

8,000,000



1 Year Lock, 50% Monthly After

Liquidity Mining

Liquidity Mining—the term used when an equivalent amount of value for two assets is locked in a liquidity pool and a third-party issues yields for this value being locked. Liquidity providers are earning trading fees from the liquidity pool for the assets, as well as additional yields. The more value that is locked in a liquidity pool, essentially, helps to stabilize the asset, as it is backed with another asset of equal value.

This initiative was created to provide another way for the community to earn MAGE utility tokens, while providing a positive contribution to the ecosystem. MetaBrands has set aside 20,000,000 MAGE tokens to be distributed to liquidity providers over a period of 5 years. Initially, the emission rate will be higher and will decrease overtime.

Burning

Token burning will be introduced into the MetaBrands Tokenomics as a deflationary method to reduce the total supply over time at a sustainable and healthy rate. This helps to increase the demand for the MAGE utility token, while gradually increasing the barrier entry to the MAGE Ranks (mentioned in detail on the Airdrops page).

5% of the monthly yield will be permanently burned at the beginning of every month.



Updated 21 Apr 2022
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