MGLD

MGLD, the utility token within the Metanexus ecosystem, offers various benefits and functionalities to its users. Here's a clear, separate list of key points about MGLD tokens:

Utility Token

MGLD serves as a utility token, enabling access to specific products, services, and activities within the Metanexus ecosystem.

Stable Value

MGLD is designed as a stable token, providing stability within the Metanexus ecosystem by reducing the volatility often associated with governance tokens.

Mass Adoption

The ultimate goal of Metanexus is to bridge the gap between web2 and web3, driving mass adoption and making MGLD a core payment method in the real world. MGLD tokens are designed to incentivize participation, provide access to various activities and services, and reward users through staking.

Marketplace:

MGLD tokens can be used to purchase virtual goods and services in the Metanexus Marketplace.

Virtual Land Rent

Users can pay "rent" to larger landowners in the Metanexus world using MGLD tokens to secure virtual land.

Token Exclusivity

MGLD token holders can access special features, experiences, or events exclusive to them.

Staking

Users can stake MGLD tokens to earn rewards and access exclusive content within the Metanexus ecosystem.

Swap to Obtain

Users can obtain MGLD tokens by swapping them with MTX tokens. The swapped MTX tokens will be burned, and fees will be incurred for each swap.

Exclusive to Metanexus Ecosystem

Initially, MGLD tokens will be exclusive to the Metanexus ecosystem and not available for public trading.

Payment Technologies

Metanexus is exploring technologies that enable users to make payments directly from their e-wallets or debit cards, integrating MGLD into everyday transactions and activities.

Mass Adoption

The ultimate goal of Metanexus is to bridge the gap between web2 and web3, driving mass adoption and making MGLD a core payment method in the real world. MGLD tokens are designed to incentivize participation, provide access to various activities and services, and reward users through staking.

Future Availability

While MGLD tokens will initially not be available to the public, the long-term plan is to make MGLD a widely used stablecoin in the real world. Metanexus is exploring technologies enabling users to make payments directly from their e-wallets or debit cards, further integrating MGLD into everyday transactions and activities.

However, it is important to note that MGLD tokens cannot be used to purchase residential houses due to the governance elements associated with property ownership. Instead, MTX tokens must be used for such transactions.