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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