$MGED Token
Moonpet Legend ecosystem’s native token is $MGED
$MGED Token Contract Address:
MGED refers to Moonpet Legend Token, the token for the game ecosystem. MGED follows the standard BEP20 token on the Binance Smart Chain platform (BSC) and is controlled by smart contracts.
The primary utilities of the MGED token are:
  • MGED tokens are used for farming Points that users can use for NFT redemption.
  • MGED tokens are used as a payment currency in MGED NFTs Marketplace along with other tokens.
  • In the future, Moonpet Legend Ecosystem will update with more use cases for the MGED token.

Deflation Mechanism

CEX transactions will be whitelisted and as such, will have no taxes (meaning that trading on Hotbit, Gate.io etc. will be untaxed).
For each buy/sell transaction on DEX - there will be “Reflection”: the 2% fee is subsequently distributed among all MGED holders.
The second component, 2% Auto-LP is the fee that will be paid and then distributed to various liquidity pools on DEX’es (PancakeSwap, Apeswap, among others).
The third component - 2% is a token burn that occurs at the conclusion of each transaction.

Anti Whale

Transaction more than 0.2% of total supply will be rejected. As the total supply grows, this ratio will be reduced.

Harvest Lockup

We use harvest lockup based on time. Harvest lockup is a unique rewards lockup mechanism used to limit the frequency of harvest. It is designed to prevent farming arbitrage bots from constantly harvesting and dumping.
Harvest Lockup will be set for 3 days.

Specification

The vesting plan is shown in the table below:
Allocation
Percentage
Amount (MGED)
Vesting
Presale
8.50%
12,750,000
20% TGE, 40% each 15 days for 2 cycle
Team
7.00%
10,500,000
12 months locked
Advisor
7.00%
10,500,000
12 months locked
Liquidity
5.00%
7,500,000
12 months locked
Game Incentives
32.20%
48,300,000
15% monthly
NFT Farming + Staking
26.20%
39,300,000
12 months locked
Marketing
9.10%
13,650,000
15% on the first week 10% monthly unlock
Development
5%
7,500,000
20% on the first week, 10% monthly unlock
Total
100%
150,000,000
The total of 150M MGED tokens will be allocated into the following categories: