Token Overview
A dual-token economy model designed to incentivize users, businesses, and content creators to participate in the Metanexus world. The two tokens have distinct roles within the ecosystem:
MTX:
Serves as the governance token, giving holders the power to influence decisions related to the Metanexus world.
Functions as a security token, ensuring the platform's compliance with regulatory requirements.
A total supply of 3 billion tokens, carefully designed to balance the ecosystem's needs and its users.
MGLD:
Acts as a utility token, granting users access to specific products or services within the Metanexus ecosystem.
Unlimited supply
Offers stability within the Metanexus ecosystem, thanks to its design as a stable token that eliminates the volatility typically associated with governance tokens.
It can only be obtained through a swap and burn mechanism. For example, to acquire $1 worth of MGLD, users need to swap with $1 worth of MTX. The swapped MTX will then be placed into a custodial wallet and burned according to a predetermined burning algorithm. (Fees will occur for each swap)
To cash out MGLD, users can use the internal swapping features in their Metanexus account to swap MGLD to MTX and send it to their desired CEX/DEX to exchange for FIAT.
Initially, MGLD is only available and can be used within the Metanexus world, not being available for public trading. However, it may be used as a payment method in the real world at a later stage.
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