MCY Tokenomics
Megacy Token (MCY) is the governance token used in the platform and operating administration for the Megacy platform.
MCY Token Metrics
- Token Name: Megacy token
- Ticker: MCY
- Blockchain: TBA
- Token Standard: TBA
- Token type: Utility, Governance.
- Contract: TBA
- Audit: TBA
- Circulating Supply: TBA
- Total Supply: TBA
- Max Supply: 1,000,000,000 MCY
Token Allocation
MCY token is distributed according to the plan as follows:
| Allocation | % of supply | Total MCY | Vesting Schedule |
|---|---|---|---|
| Platfrom Rewards | - | - | - |
| Development Products | - | - | - |
| Treasury | - | - | - |
| Liquidity Manager | - | - | - |
| Staking Rewards | - | - | - |
| Airdrops & Bounty | - | - | - |
| Seed & Private Sale | - | - | - |
| Public Sale | - | - | - |
| Founding Team | - | - | - |
| Partnerships | - | - | - |
| TOTAL | 100% | 1.000.000.000 | - |
Token Usage
We introduce our platform's native token called Megacy, which is issued on the BNB Chain native platform. In addition to its trading capabilities, the MCY token offers various other utilities.
Network Fees
The MCY token serves as the core digital currency for transaction fees and all fees associated with applications and services on Megacy, including listing fees paid in MCY. MCY token holders (MCY Holders) will enjoy reduced transaction fees across all services on the Megacy platform.
Governance
To promote decentralized community governance on the platform, MegaDAO aims to empower the community. Owners of MCY tokens can propose and vote on governance proposals to determine features and/or parameters of products within the ecosystem. By participating in the platform's governance model, MegaDAO allows token holders to stake MCY tokens to make proposals and be decided by the community through gMCY (governance token given back when staking MCY - often used for voting in policy-making referendums). For clarity, the voting rights are limited to voting on features, services, and significant decisions related to the operations of the Megacy platform; the voting rights do not extend to voting on the activities and management of the company's personnel structure, development team, founders of Megacy, their subsidiaries or assets, or the transfer of such assets to token holders, and do not constitute any equity interest in any of these organizations. This agreement does not intend to form any form of joint venture or collaboration. The more Megacy tokens one owns, the more voting power they have.
Payment
The primary digital currency unit for exchange and payment within the ecosystem is ETH, BNB, MATIC and MCY for all transactions on the Megacy marketplace. We aim to create a borderless marketplace where you can use multiple currencies to trade any asset you desire. Therefore, we will strive to develop and expand a diverse payment network for various types of tokens.
Swap & Exchange
The MCY token can be exchanged, swapped, and traded on both centralized and decentralized exchange markets.
Staking & Rewards Incentives
The MCY token will be used to reward and share revenue from the platform with Liquidity Providers and Stakers on Megacy. To ensure a well-functioning ecosystem, it is essential to incentivize users to act as liquidity providers and stake their digital assets in liquidity pools, creating a fully automated and decentralized market. To offset opportunity costs, users can earn passive income by providing liquidity or participating in liquidity mining on platforms and Megacy staking options, locking their funds and receiving MCY tokens in return. Rewards distributed and contributed to all use cases will be denominated in MCY.
Unique Membership Rights
In addition to participating in governance, holders of MCY tokens are granted access to exclusive privileges and premium events, such as priority participation in marketing and launch events within the Megacy ecosystem with strategic partners, events from Megacy partners and customers, and other protections within the ecosystem that non-MCY holders do not have access to.
Product Development & Growth
The MCY token will be utilized to drive the creation of a "closed-loop, self-sustainable economy" through service fees collected within the products within the Megacy ecosystem, which will be redistributed as incentives for active contributors to the ecosystem or set aside for future product development and ecosystem growth.