Tokenomics
$MNG token will be unlocked in a predetermined schedule which lasts for 48 months from the public sale. The initial circulating supply is set to 81,500,000 $MNG - 8.15% of the total supply.
The below chart illustrates the maximum possible issuance of $MNG over the coming years, and the total supply will never exceed 1,000,000,000. The starting price of $MNG will be $0.025.
| Cohort | Allocation | TGE | Cliff | Vesting | Classification |
|---|---|---|---|---|---|
Team | 20% | 9 Month | 17 Month | Team | |
Advisors | 5% | 9 Month | 17 Month | Advisors | |
Public | 5% | 25% | 1 Month | 3 Month | Public Investors |
Angel | 2% | 25% | 4 Month | 11 Month | Investors |
Seed | 2% | 25% | 3 Month | 9 Month | Investors |
Private | 10% | 15% | 2 Month | 9 Month | Investor |
KOL | 1% | 20% | 1 Month | 9 Month | Investors |
Liquidity | 5% | 100% | 1 Month | 12 Month | Liquidity |
Treasury | 15% | 5.3% | Treasury | ||
Social Incentives | 35% | Incentive | |||
Total Amount | 100.00% |
Social Incentive Tokens ($MNG)
Social Incentive Token issuance represents 35% of the total $MNG supply. The goal of the social incentive tokens is to attract a wide range of players to the Mana ecosystem in the hunt for token rewards and to give ownership and stake to the most active community members. The $MNG token will gradually unlock over 4.5 years starting the unlocking period based on volume of active users on the platform.
We envision using the play to earn portion of the issuance to reward key behaviors within our ecosystem such as:
Creating Social esports Challenges
Winning tournaments
Questing
Game Pools
Purchase NFTs or convert into other partnered tokens
The Social Incentive Token allocation can be seen as a marketing budget for PlayMana. When certain game modes and products are ready to be promoted, its win to earn allocation could be increased. These allocations are something that could potentially be decided by governance over time. The $MNG earned through the Social Incentive allocation will initially be open for trading immediately, but the PlayMana team will monitor the situation closely to decide if any additional lock-up on rewards is needed.
Why Win to Earn?
We believe that a Win-to-Earn economy and a governance token can allow the Esports players and fans to participate in the growth opportunities of the industries outside of the influence of centralized platforms.
Treasury
The Treasury will initially be managed by the Mana Games core team, and its core purpose is to grow the Mana community.
To preserve the integrity of the fund the Mana Games team will prepare yearly statements that include a high-level overview of what the funds have been used for. A framework for spending is currently being drafted and is expected to be ready by late 2024
The principles for the fund are as follows:
Clear value added to the broader Mana community
KPIs and goals that unlock funds (if applicable)
MANA Management & Advisors
PlayMana is the team behind $MNG and should remain incentivized to keep building after a successful token sale and game launch. By locking up the majority of the allocated supply the team, community, and investors have aligned incentives.
Use of funds
The funds of the raised sale of the token will be used to move the Mana business forward within the following areas, Technology, Management, Sales, Marketing, Operations.
Reserves
MANA is establishing a future reserve that will be locked for 3 years. The reserve will be used to expand the Mana Community by adding more games or adding more decentralized structure.
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