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Tokenomics

Here at Real Meta Sports, we are focused on our strategy of building an open deflationary system. Using this strategy to keep growing and expanding our market and user’s confidence and trust in us the Real Meta Sports Developers.

A robust ecosystem built on solid Tokenomics has several virtuous characteristics:

  • The utility coin is integral to the ecosystem's function
  • The ecosystem protects itself from inflation
  • The coins are mobile; i.e., it is easy to transfer wallet to wallet without any central control or intermediary
  • The coin has multiple utilities; e.g., track value when staked or held, can be used for fees, etc.
  • Full transparency over coin functionality
  • Transactional costs and energy consumption stay low
  • No extremes of asymmetry in coin distribution

This section presents Gamix Token Tokenomics to provide full visibility over how GMX utility coins flow within the ecosystem. It details how the ecosystem responds to inflationary pressures and incentivizes the stability and growth of the Real Meta Sports Ecosystem.

The Gamix Ecosystem supports three (3) Tokens:

  • GMX Token [which is the Native Governance Token]
  • GXUSD being the Stable coin
  • GXXXR being the Digital Farming & Staking reward earnings and saving coin

The Gamix Token (GMX) is the native and standard governance utility Token of the MCC Project. Built on the Binance Smart chain Network, is used to secure the network through staking, track and support the system of network fees, and fuel the ecosystem of native DApps.

Initial GMX Token Supply: 50,000,000 GMX
Maximum GMX Token Supply: 500,000,000 GMX

GMX Allocation of Digital Assets​

The maximum supply of 500,000,000 GMX will be distributed according to the following allocations:

Playing & Staking Rewards:​

  • These tokens will be distributed to incentivize players to participate in the game through competitions and other Play-to-Earn activities.
  • Allocation of 32% of total
  • Supply of 160,000,000 $GMX
  • 0% unlocked at the TGE, then 5% each month (21 months / 20 transfers)

Ecosystem:​

  • Tokens will be used to grow Cricket Metaverse's community, business development, public awareness and other community activities. This allocation will also be used for the game development and operational expenses.
  • Allocation of 15% of total
  • Supply of 75,000,000 $GMX
  • 4% unlocked at the TGE, then 4% each month (25 months / 24 transfers)

Private Sale:​

  • Tokens reserved for a private sale
  • Allocation of 9% of total
  • Supply of 45,000,000 $GMX
  • 10% unlocked at TGE, then 2 months cliff, then unlock 5% each month (21 months / 18 transfers)

Public Sale [Token Bonding Curve Liquidity]:​

  • These funds will be used to bootstrap liquidity in the Token Bonding Curve reserve pool.
  • Allocation of 6% of total
  • Supply of 30,000,000 $GMX
  • 20% unlocked at the TGE, then 20% each month (5 months / 4 transfers)

Team:​

  • Tokens allocated to Cricket Metaverse strategic partners, advisors, team and shareholders.
  • Allocation of 14% of total
  • Supply of 70,000,000 $GMX
  • 0% unlocked at the TGE, then 25% each 6 months (25 months / 4 transfers) Advisors:
  • Tokens allocated to Cricket Metaverse strategic partners, advisors, team and shareholders.
  • Allocation of 8% of total
  • Supply of 40,000,000 $GMX
  • 0% unlocked at the TGE, then 25% every 6 months (25 months / 4 transfers)

Airdrop:​

  • These funds will be used to add $GMX into new Cricket Metaverse users or Cryptocurrency users to raise awareness about $GMX and Cricket Metaverse.
  • Allocation of 7% of total
  • Supply of 35,000,000 $GMX
  • 20% unlocked at the TGE, then 20% each month (5 months / 4 transfers)

Marketing:​

  • These funds will be used for various marketing purposes to attract new users into the metaverse.
  • Allocation of 9% of total
  • Supply of 45,000,000 $GMX
  • 20% unlocked at the TGE, then 20% each month (5 months / 4 transfers)

Staking is the process of holding digital assets in a crypto wallet to support the operations of a Blockchain network. In return, holders are rewarded for their contributions. GMX strategy to raising capital through the Staking and Metaverse sale will support the ecosystem's stability. This platform enables the user to generate passive digital assets growth while providing proof of ownership.

Functional Utilities of GMX​

Besides being the native Token built on the Binance Blockchain, GMX will be the supportive native coin of the DApps developed by Real Meta Sports. Accordingly, the growth of the coin will be driven by both the adoption of the Blockchain and the growth of native DApps. The following GMX usecases are anticipated:

  • Securing Network/Fee
  • Payments
  • Native DApps
  • Enhancing the Ecosystem
  • Community Growth Real Meta Sports has developed a robust ecosystem built on solid Tokenomics. As per the requirements of a solid Tokenomics strategy detailed at the start, MCC Token [GMX] fits the following:
  • The coin is integral to the ecosystem's function
  • The ecosystem protects itself from inflation
  • The coins are mobile
  • The coin has multiple utilities
  • Full transparency over coin functionality
  • Fees and transaction costs stay low
  • No extremes of asymmetry in token distribution

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