MCG
MCG is a token of the game development studio Monster City Games. It will be sold in the private and public token sale rounds in May-June 2022.
To start playing games by the Monster City Games studio, a player will need to buy an NFT character for MCG tokens. Monster City, the first Play-to-Earn studio game, will be released in the 3rd quarter of 2022.
30% of MCG received from the new NFTs sales will be burned. This will allow us to gradually reduce the number of tokens in circulation and increase the demand for them. Thus, we will support the growth of the MCG price and avoid inflation of the token.
Also, players will be able to sell their NFTs to other players for MCG tokens on our marketplace. For these operations, we’ll take a 5% commission. 50% of this commission will be burning for the first two years after the game release.
A part of tokens for staking is included in the tokenomics of MCG. To stake your tokens, you’ll also need to have a Monster City NFT. The more advanced in rank your NFT is, the more money you earn from staking (APY).
Let’s sum up the above. So, what is the functionality of MCG token?
Buying NFT characters to start playing a game.
Staking of tokens with NFTs.
Burning 30% of the received tokens from the sale of new NFTs.
Burning 50% of the commission received from P2P NFT sales.
What about MCG Tokenomics?
Total Supply: 150 000 000 MCG
Staking: 37 500 000 MCG (25,00%)
Airdrop\Referral: 7 500 000 MCG (5,00%)
Advisers and Marketing partners: 15 000 000 MCG (10,00%)
Team: 30 000 000 MCG (20,00%)
Fundraising: 45 000 000 MCG (30,00%)
DEX Liquidity\Listings: 15 000 000 MCG (10,00%)
So, why is the future of MCG bright?
First of all, the token will be strengthened in the future with the release of new games in the studio since it will be necessary to buy an NFT character to start playing games.
Second of all, each game by the Monster City Games studio will have its own in-game token, which players will receive for various game activities. This means that the rewards received by players will not affect the price of MCG token.
The only factor that will affect MCG is the number of new players. As we have already mentioned, to start playing any games by Monster City Games studio and earn money, users will need MCG tokens to buy an NFT character on our marketplace.
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