Token Utility

The $MGT tokens will have myriad use cases throughout the ecosystem. Below is a detailed breakdown of the token utility by stakeholders:

On the user front:

Staking rewards: Users can stake $MGT to unlock exclusive discounts and increase token launchpad allocation.
MoonStamp upgrade: Users can use $MGT to upgrade the rarity of their MoonStamp. Higher rarity increases the mining output and potential rewards from their brand engagement.
Attention asset purchases: Users can utilize their $MGT tokens to purchase attention assets on our platform. If they paid with $MGT tokens, transaction fees are waived.

On the business front:

Token campaign creation: When brands want to issue an attention asset through a token campaign to users, they would be required to stake $MGT tokens as a prerequisite. There will be different tiers of staking commitment which would translate to more premium benefits, favourable positioning on the discovery page, and co-marketing support.
Data platform: As Moongate platform enables users to collect and accumulate their social and financial interactive data, any future data consumers such as AI model training companies, advertisers, entertainment brands, will be required to stake $MGT tokens to purchase data from users directly. All data will be traded between data consumers and users using $MGT tokens. Moongate will collect a service fee in this process.
Gas fee for future L2: Moongate currently subsidizes all gas fees paid through the protocol, but overtime, it plans to launch an L2 for cost efficiency. At that point, gas fees will be borne by brands and consumers, which will be paid in $MGT tokens.

Last updated 2 months ago

The $MGT tokens will have myriad use cases throughout the ecosystem. Below is a detailed breakdown of the token utility by stakeholders:

On the user front:

Staking rewards: Users can stake $MGT to unlock exclusive discounts and increase token launchpad allocation.
MoonStamp upgrade: Users can use $MGT to upgrade the rarity of their MoonStamp. Higher rarity increases the mining output and potential rewards from their brand engagement.
Attention asset purchases: Users can utilize their $MGT tokens to purchase attention assets on our platform. If they paid with $MGT tokens, transaction fees are waived.

On the business front:

Token campaign creation: When brands want to issue an attention asset through a token campaign to users, they would be required to stake $MGT tokens as a prerequisite. There will be different tiers of staking commitment which would translate to more premium benefits, favourable positioning on the discovery page, and co-marketing support.
Data platform: As Moongate platform enables users to collect and accumulate their social and financial interactive data, any future data consumers such as AI model training companies, advertisers, entertainment brands, will be required to stake $MGT tokens to purchase data from users directly. All data will be traded between data consumers and users using $MGT tokens. Moongate will collect a service fee in this process.
Gas fee for future L2: Moongate currently subsidizes all gas fees paid through the protocol, but overtime, it plans to launch an L2 for cost efficiency. At that point, gas fees will be borne by brands and consumers, which will be paid in $MGT tokens.

Last updated 2 months ago