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 Name (Ticker)
ERC-20 (Utility & Governance)
Initial Circulating Supply
6,320,000 - 2% LP + 4.32% Presale Unlock
FDV (Fully Diluted Value)
15% - Token Launch, 10% Monthly After, 5% Final Distribution. (9 Months Vesting - Ends September 2022)
18% - Token Launch, 12% Monthly After, 10% Final Distribution. (7 Months Vesting - Ends July 2022)
20% - Token Launch, 20% Monthly After. (4 Months Vesting - Ends April 2022)
Initial Liquidity, Paired with $300,000 (ETH)
Liquidity Mining (LP Incentives)
5 Year Linear Lock
Expansion of business operations for asset acquisition, cross-chain & DEX liquidity
3 Year Linear Lock
Bounty rewards for DAO executors & participants
2 Year Lock, 8.33% Monthly After
Advisors & Partners
1 Year Lock, 50% Monthly After
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.
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.