In the dynamic world of blockchain gaming, standing out requires more than just innovative gameplay—it requires a solid, sustainable economic model that keeps players engaged and invested. Enter Monsterra (MAG), the game-changing secondary token powering the thriving Monsterra universe. Unlike typical capped-supply tokens, MAG employs a unique, intelligent in-game burning mechanism to balance its uncapped supply, ensuring long-term value and stability. As players complete quests and engage in various in-game activities, they earn MAG tokens, which can then be strategically spent, creating a circular economy. Discover how Monsterra (MAG) is redefining the GameFi landscape, combining fun and profitability seamlessly. Dive into the revolution now.
What is Monsterra (MAG)?
Monsterra (MAG) is a secondary token used across all activities in the Monsterra game, a "Free play and earn" multi-chain game operating on BNB, Avalanche, and Terra networks. The game is designed to blend free-to-play and free-to-earn models, allowing millions of gaming enthusiasts to enjoy fun and generate high-profit streams with no prior investment.
Purpose and Utility of Monsterra (MAG)
The primary purpose of the MAG token is to support the in-game economy. It has an uncapped total max supply, but its supply is regulated by an intelligent in-game burning mechanism, ensuring a balanced economy and solving potential tokenomic problems. Players can earn MAG tokens by completing quests and spending them on multiple gaming activities, creating a circular economy within the game.
Unique Features of Monsterra (MAG)
One of the standout features of the MAG token is its uncapped total max supply, regulated by an intelligent in-game burning mechanism. This mechanism helps maintain the token supply and burning amount, ensuring sustainable growth in the long run. Additionally, Monsterra employs a dual token model, where MSTR serves as the primary token with a limited supply of 100 million tokens, while MAG is the in-game reward token with an unlimited supply. This dual token model helps minimize inflation and maintain the token supply's stability.
Tokenomics and Distribution Model
The Monsterra (MAG) token's total max supply is uncapped, but an intelligent in-game burning mechanism regulates its supply. MAG can be earned (minted) through quest completion and spent (burned) through multiple gaming activities. The tokenomics of Monsterra (MAG) are designed to support a free-to-play-to-earn model, allowing gamers to experience the core game for free before spending on it. The game features a balanced in-game economy with a strategic token burn mechanism to ensure anti-inflation.
Token Distribution
The distribution of Monsterra (MSTR) tokens, the primary token of the Monsterra ecosystem, is as follows:
- 20.00% allocated to Team & Advisors
- 15.00% allocated to Foundation
- 15.00% allocated to Staking Issuance
- 15.00% allocated to Ecosystem
- 13.00% allocated to Private Sale
- 10.00% allocated to Gaming Issuance
- 10.00% allocated to Marketing & Liquidity
- 2.00% allocated to Public Sale
The initial token launch date for Monsterra (MSTR) was August 16, 2022, with a maximum supply of 100,000,000. The supply of Monsterra (MSTR) is expected to be fully vested by January 2028.
Inflation Control Mechanisms
To control inflation, Monsterra has implemented a burning mechanism for MAG tokens. At the end of each month, if the amount of MAG being staked on the DAO is less than that figure in the Staking contract, the total amount of surplus tokens will be burned. Conversely, if the amount of MAG being staked on the DAO is higher than that figure in the Staking contract, MAG will be minted to maintain the user’s token withdrawal process. This mechanism helps maintain a balance between minting and burning to minimize inflation and sustain long-term growth.
Market Data
Coin Statistics
- Current Price: $0.0025
- Market Cap: $0.00
- 24h Price Change: 21.92%
- 7d Price Change: 39.12%
- 30d Price Change: 71.47%
- 24h High: $0.0026
- 24h Low: $0.0023
- All-Time High: $170.5797 (2022-08-30)
- All-Time Low: $0.0002 (2024-01-01)
- Circulating Supply: 0.00
- Total Supply: 0.00
Team Behind Monsterra (MAG)
The Monsterra (MAG) crypto token is developed by a team of experienced professionals in the blockchain and gaming industries. Here are some of the core team members behind Monsterra:
Core Team Members
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Tuan Le (CEO): A seasoned entrepreneur with extensive experience in the blockchain and gaming industries. He has founded and led several successful startups in the past, and has a deep understanding of the technology and market dynamics of the blockchain and gaming sectors.
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Victor Thang (Project Owner): With nearly 15 years of experience in working and developing gaming products, Victor has taken various important roles in all companies he has worked for, from Team Code Leader to Project Manager and Product Manager.
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Brian Trinh (Head of Game Operation): Brian has managed the entire operation and testing of Casual, SLG, and MMORPG games, on both PC and mobile platforms, at the biggest game companies and studios in Vietnam.
Advisors and Partners
Monsterra has partnered with notable organizations in the blockchain and gaming industries, such as GameFi, BinanceNFT, Bitcoin Addict, Icetea Labs, and Hashed. These partnerships strengthen their ability to execute on their vision and deliver on their roadmap.
Conclusion
Monsterra (MAG) is not just another token in the blockchain gaming space; it is a well-thought-out component of a larger ecosystem designed to provide a sustainable and engaging gaming experience. With its unique features, intelligent burning mechanism, and a strong team behind it, Monsterra (MAG) is poised to redefine the GameFi landscape. Whether you are a gamer looking for a fun and profitable experience or an investor seeking a promising opportunity, Monsterra (MAG) offers a compelling proposition. Dive into the Monsterra universe and be part of the revolution today.
