Token Flow
The Moongate ecosystem is built around the $MGT token, which serves as a crucial element in facilitating interactions and value exchanges between users and brands. The token flow begins with the generation of protocol revenue through various platform activities. This revenue is then utilized in multiple ways to support the ecosystem.
A portion of the revenue is allocated to rewards, providing incentives for both users and stakers, and ensuring active participation in the ecosystem. Additionally, some of the revenue funds the MoonDAO, which supports governance and allows the community to make important decisions about platform upgrades and feature development.
To maintain a healthy token economy, a deflationary mechanism is in place where part of the revenue is used to buy back and burn $MGT tokens. This reduces the total supply over time, potentially increasing the value of the remaining tokens and benefiting long-term holders.
Users can stake their $MGT tokens to earn a share of the protocol’s revenue and airdrops from partners, providing them with potential earnings while supporting the network's stability. Staking also grants users the ability to participate in governance by voting on proposals that shape the future of the Moongate platform.
The $MGT token is integral to the spending and usage within the ecosystem. This comprehensive token flow ensures that $MGT remains central to driving engagement, governance, and value within the Moongate ecosystem, ultimately fostering a vibrant and interactive community.
Last updated
