Background and Necessity
In recent years, the blockchain and Web3 industries have experienced explosive growth; however, many projects have struggled with sustainability due to structural issues in their token economic models. Notably, the rapid token inflation of Axie Infinity and the economic collapse of Terra (LUNA) have highlighted the importance of proper token economic design.
Against this backdrop, MGG was created to address the following needs:
Securing Economic Stability: By separating token production (MIMBO NODE) and consumption (gaming and services), MGG prevents inflation and maintains long-term economic balance.
Solving Liquidity Issues: MGG provides stable liquidity through DeFi and staking, building market trust and maintaining token value.
Expanding Web3 Usability: By connecting practical services such as gaming, DeFi, and NFTs, MGG creates an accessible Web3 environment for everyday users.
The global blockchain gaming market is expected to grow to over $5 billion by 2025, and MGG aims to provide the essential economic structure needed to thrive in this environment.
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