MGG PAPER
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MGG PAPER [ENG]
MGG PAPER [ENG]MGG PAPER [KOR]MGG PAPER [JP]MGG PAPER [CN]MGG PAPER [TH]MGG PAPER [VN]MGG PAPER [KHM]
  • Introduction
    • Company Introduction
    • MGG Introduction
    • Background and Necessity
  • Mission and Vision
  • Market Analysis
    • Web3 and Blockchain Overview
    • Solutions
  • MGG Ecosystem
    • MGG Ecosystem Introduction
    • $MGG Token Economic Model
    • MIMBO NODE
      • MIMBO NODE FAQs
    • MGG Game Platform
      • PvP Game
      • Earn Game
  • Expansion and Partnerships
    • Governance and Community Growth
    • Global Partnership and Collaboration
  • Roadmap and Future Strategy
    • Roadmap
    • Ecosystem Expansion Strategy
    • Development Plan and Technological Expansion
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  1. MGG Ecosystem

$MGG Token Economic Model

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Last updated 8 days ago

$MGG Overview

$MGG is the governance token at the core of the MIMBO ecosystem, based on the MIMBO brand. Unlike a simple reward token, $MGG is mined in a decentralized manner and serves as the central currency for the ecosystem's operations.

As the MIMBO ecosystem grows, $MGG aims for continuous value appreciation based on blockchain transparency and security. It will ensure long-term liquidity and usability through node rewards, token swaps, and exchange listings.

MGG Tokenomics

$MGG Total Supply and Distribution Structure

  • Token Name: Mimbo Game Group

  • Ticker: MGG

  • Max Supply: 114,600,000,000

  • Token Type: BEP-20

  • Token Contract: [Contract details]

The total supply of $MGG tokens is capped at 114,600,000,000 and all tokens are mined exclusively through MIMBO NODE. With no central authority issuing or managing additional tokens, supply transparency and stability are ensured.

Staking and Reward Model

The MGG ecosystem offers a unique staking and reward structure. Users can swap mined $MGG for major cryptocurrencies like BTC, ETH, and XRP and restake them to receive additional $MGG as rewards. This system allows users to generate stable income opportunities while contributing to the sustainable development and liquidity of the ecosystem.

Liquidity Supply and Swap Functionality

The MGG ecosystem provides liquidity supply and swap functionality, allowing users to easily exchange $MGG for various cryptocurrencies. This enhances the usability and accessibility of $MGG, enabling users to manage and operate their assets more efficiently within the ecosystem. Notably, liquidity providers can receive additional rewards, encouraging active participation from users.