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Web3Wire
March 26, 2022
MAD and MMG token both work in tandem to ensure that there is capital flow within the MMA environment and simultaneously promote the reach of Mad Meerkat’s assets.
Tokenomics of MMA Explained
Mad Market Arena (MMA) is set to be the first game in the high-growth Mad Meerkat ecosystem, marking a first for the ecosystem combining GameFi, DeFi, and NFTs. The game will have two tokens that enable the transfer and flow of capital within the game’s ecosystem.
The MAD token is the governance token of MMA. The token will be available to be acquired by gamers in two ways:
- By staking their MMT NFTs
- Purchasing it from the MM Finance DEX
In addition to being the governance token, MAD could also be utilized to purchase Mad Sacks for their in-game character, known as Mad Warriors. Mad Sacks hold the fighting gear and equipment that the NFT characters can use to fight against monsters and other players. The absolute numbers for the breakdown of the supply of MAD tokens are shown below:
- Total supply of MAD - 15 million tokens (Priced at $0.50 initially)
- Initial Fully Diluted Valuation - $7.5 million
- Initial market capitalization of MAD - $500k
- Initial liquidity - 1 million tokens
- MMT Staking - 5 million tokens
- PlayToEarn (P2E) - 4 million tokens
- MAD Staking - 4 million tokens
- Developers - 1 million tokens
MMG is the primary native token that drives the economics of MMA as it is used as a reward currency in the game. MMG serves as the in-game currency that gamers can earn either by winning battles in the wilderness against monsters or by winning against others in the Player Vs. Player (PvP) mode. These tokens can be utilized to level up the Mad Meerkat in-game characters and enhance the stats of gear and equipment in the Mad Sacks. The details of the underlying tokenomics of MMG are listed below:
- Total MMG supply: Unlimited
- Initial supply through MM Finance launchpad: 1 million tokens priced at $0.01 per token
- Initial liquidity: 1 million tokens priced at $0.01 per token
- Initial market capitalization: $200k
The intention behind adding multiple use cases for the MMG token is to prevent overinflation and mass-selling of the token by incentivizing gamers to hold the token through various mechanisms like staking.
Mechanics of Token Distribution
The MAD token will use a fair-launch style of distribution which means that there will be a launchpad release contrary to how MMG will be launched. The fair launch will benefit holders of the MMT token and even all the NFT projects that joined the MM ecosystem’s “All under one roof” initiative. The protocol will pair 1 million tokens with the MMF token as initial liquidity.
The MMG token will be launched via the MM Finance launchpad at $0.01 per token. Post the launchpad release, the token can only be earned by winning battles in the game. Once a battle has concluded, the winner will be rewarded an amount of MMG tokens that are based on the level of the opponent that they have just defeated in the battle. This mechanism makes sure that the battle rewards are pegged to the level of opponents involved in it. MMG tokens can also be locked into the Sanctuary (i.e., yield-bearing farms) to protect their capital and earn interest on the principle staked.
Impact of Battle Results on Token Rewards & Penalities
The game’s mechanics are designed in a way that users learn to pick their fights and users that pick their fight strategically are rewarded for the same. The implications of losses in battles in both modes are detailed below:
- When the loss is against a “monster,” i.e., a non-player character (NPC) - The gamer will lose 5% of the MMG tokens held in their wallet, which will then be burnt.
- When the loss is against another player in PVP mode - The gamer that loses will have 10% of the MMG tokens in their wallet transferred to the winner of the battle.
Since the number of tokens lost in case the gamer loses a battle is based on the total number of MMG tokens that the gamer holds in their wallet, many gamers might be wary of keeping a significant amount of MMG tokens in their wallet. For such gamers, the game will offer gamers the option to stake their MMG tokens into the bank, i.e., Sanctuary, to earn a daily percentage yield of 0.3%. Staked MMG tokens will need to be locked for a minimum of 24 hours before they can be withdrawn. This mechanism promotes the incentive for gamers to hold MMG tokens and guarantee the safety of their funds.
Read our first deep dive into the game mechanics of the Mad Meerkat Arena (MMA) here! The previous deep dive, along with this article, provides an ideal foundation for gamers to understand the nuances of MMA.
Concluding Thoughts
However, the protocol has warned gamers and investors that Mad Meerkat Arena will be a static click-to-play game and not an FPS or MMORPG; thus, they should not be overwhelmed by the hype around the game and the over-invest in these assets. The launchpad dates for these tokens that will drive the MMA environment will be released in due time.
Read our deep dive about the entire Mad Meerkat Finance DeFi ecosystem here!
What is Mad Meerkat Finance?
MM Finance has one of the largest ecosystems in Cronos, offering a decentralized exchange, a yield optimizer, the Mad Meerkat NFTs, a project launchpad, and more. The platform is an automated market maker, and the exchange lies at the center of the DeFi ecosystem. MM Finance enables users to earn passive income by staking crypto assets in liquidity pools, with some yield farms earning up to 496% APR.
Find more about Mad Meerkat Finance here:
Website | Twitter | Medium | Documentation | Telegram | Discord | Telegram Announcements |
Check out the Web3Wire Linktree to keep up with all relevant Web3 and Crypto!
Follow us on Twitter and Instagram!
Mad Meerkat Finance is a paid PR Client; Web3 Wire does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials from Mad Meerkat Finance. The project team has purchased our Cronos News & Web3 Wire Media Coverage for $4500 during the month of March. Readers should do their own research before taking any actions related to the company. Web3 Wire is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services re-distributed from Mad Meerkat Finance.
This is a paid Ask Me Anything (AMA), BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement AMA for $2000 Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the AMA.
Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2000. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2000. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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June 25, 2022
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Binance NFT Celebrates First Anniversary with Exciting Activities
The industry-leading NFT marketplace celebrated its first anniversary by incentivizing users. Additionally, the protocol plans to launch innovation to ensure users unleash their creativity in the NFT space.
Binance NFT Turns One
Popular Non-fungible Token (NFT) marketplace on BNB Chain, Binance NFT, celebrated its first year in the industry with numerous activities to incentivize its large community.
The industry-leading marketplace introduced three activities to celebrate the milestone, including a chance for users to win Special Edition First Anniversary NFTs and enjoy 24 hours of Zero-fee NFT trading. The protocol shared the event on June 22 through its official blog.
The top activity, zero-fee NFT trading, commenced on June 24 and lasted 24 hours. The other two activities ended on June 23, as users completed two different tasks to win the special NFTs. This unique collection was given to one thousand users who met the criteria outlined in Binance's blog post.
Open Minting Feature for NFTs
The NFT platform seeks to continue improving its service for users, following the huge success in the past year. One of its plans to improve its ecosystem is by introducing an “Open Minting Feature” to empower every user to unleash their creativity on Binance NFT. The protocol documented the innovation through a thread on June 24.
BSC News will follow the platform’s progress in the industry as it looks to provide a seamless environment for NFT enthusiasts to showcase their designs through its upcoming innovation.
What is Binance NFT:
Binance NFT is the exchange’s NFT arm consists of a marketplace, a platform for initial game offering (IGO), and mystery NFT boxes in the Binance Smart Chain (BSC) ecosystem. The top 10 collections on the platform have witnessed more than $80 million in all-time trade volumes, as per data from Binance. There have been more than 44,000 items sold from these collections on the marketplace.
Find more about Binance NFT here:
Website | Twitter | Blog | Instagram | Telegram
Check out the Web3Wire Linktree to keep up with all relevant Web3 and Crypto!
June 25, 2022
FEG Token Brings June Updates as SmartDeFi 2.0 Approaches
FEG token brings multiple updates that include a website overhaul, logo change, and a new roadmap section.
Major Updates
The FEG Token team released updates for June, including a website overhaul, logo change, and a new roadmap section.
The protocol publicized the new changes through a Twitter thread on June 17. Here are the updates:
- The team revealed that they are working on a RoadMap for release to the community that will show expected time frames and goals.
- The FEG token official site will be undergoing maintenance as they update the official site to reflect updates to the project.
- The FEG team is currently conducting professional creativity exercises and taking community input for Name and Logo changes before voting. In addition, the Design Team is working on a number of Logo options that will be shared when further into the process.
- The team is working on a swap tool for the tracking tokens from staking rewards, and more information will be released on this once completed (built and testing currently).
- Token holders can use beta.FEGex.com to see the prices & charts of $FEG, which are being pulled from major exchanges such as Uniswap (ETH) & PancakeSwap (BSC).
Further, as an added precaution, the team advised that the token migration has NOT begun and advised the public NOT to fall for fake token Migration apps, TG groups, websites, etc.
BSC News reached out to the FEG token team to learn more about the recent updates, but we didn’t get a reply.
What is Feed Every Gorilla(FEG):
FEG explains the main idea behind its token is to provide a decentralized transaction network that operates on the Ethereum blockchain and the BNB Chain. A hyper-deflationary token, FEG has a maximum circulating supply of 100 quadrillions on both the aforementioned chains, including an inaccessible burn wallet. A 2% transaction tax is distributed among all holders based on the percentage of ownership, including the burn wallet, which acts as a holder that collects tokens over a period in which transactions occur. The team is keen to stress that there is no burn limit, and with this being the case, users will enjoy a ‘never-ending cycle of passive income with positive price pressure.’
Where to Find FEG:
Website | Twitter | Telegram |
Check out the Web3Wire Linktree to keep up with all relevant Web3 and Crypto!
Follow us on Twitter and Instagram!
Looking for a job in crypto? Check out the CryptoJobsNow listings!
Tokenomics of MAD & MMG in the Mad Meerkat Ecosystem Explained
MAD and MMG token both work in tandem to ensure that there is capital flow within the MMA environment and simultaneously promote the reach of Mad Meerkat’s assets.
Tokenomics of MMA Explained
Mad Market Arena (MMA) is set to be the first game in the high-growth Mad Meerkat ecosystem, marking a first for the ecosystem combining GameFi, DeFi, and NFTs. The game will have two tokens that enable the transfer and flow of capital within the game’s ecosystem.
The MAD token is the governance token of MMA. The token will be available to be acquired by gamers in two ways:
- By staking their MMT NFTs
- Purchasing it from the MM Finance DEX
In addition to being the governance token, MAD could also be utilized to purchase Mad Sacks for their in-game character, known as Mad Warriors. Mad Sacks hold the fighting gear and equipment that the NFT characters can use to fight against monsters and other players. The absolute numbers for the breakdown of the supply of MAD tokens are shown below:
- Total supply of MAD - 15 million tokens (Priced at $0.50 initially)
- Initial Fully Diluted Valuation - $7.5 million
- Initial market capitalization of MAD - $500k
- Initial liquidity - 1 million tokens
- MMT Staking - 5 million tokens
- PlayToEarn (P2E) - 4 million tokens
- MAD Staking - 4 million tokens
- Developers - 1 million tokens
MMG is the primary native token that drives the economics of MMA as it is used as a reward currency in the game. MMG serves as the in-game currency that gamers can earn either by winning battles in the wilderness against monsters or by winning against others in the Player Vs. Player (PvP) mode. These tokens can be utilized to level up the Mad Meerkat in-game characters and enhance the stats of gear and equipment in the Mad Sacks. The details of the underlying tokenomics of MMG are listed below:
- Total MMG supply: Unlimited
- Initial supply through MM Finance launchpad: 1 million tokens priced at $0.01 per token
- Initial liquidity: 1 million tokens priced at $0.01 per token
- Initial market capitalization: $200k
The intention behind adding multiple use cases for the MMG token is to prevent overinflation and mass-selling of the token by incentivizing gamers to hold the token through various mechanisms like staking.
Mechanics of Token Distribution
The MAD token will use a fair-launch style of distribution which means that there will be a launchpad release contrary to how MMG will be launched. The fair launch will benefit holders of the MMT token and even all the NFT projects that joined the MM ecosystem’s “All under one roof” initiative. The protocol will pair 1 million tokens with the MMF token as initial liquidity.
The MMG token will be launched via the MM Finance launchpad at $0.01 per token. Post the launchpad release, the token can only be earned by winning battles in the game. Once a battle has concluded, the winner will be rewarded an amount of MMG tokens that are based on the level of the opponent that they have just defeated in the battle. This mechanism makes sure that the battle rewards are pegged to the level of opponents involved in it. MMG tokens can also be locked into the Sanctuary (i.e., yield-bearing farms) to protect their capital and earn interest on the principle staked.
Impact of Battle Results on Token Rewards & Penalities
The game’s mechanics are designed in a way that users learn to pick their fights and users that pick their fight strategically are rewarded for the same. The implications of losses in battles in both modes are detailed below:
- When the loss is against a “monster,” i.e., a non-player character (NPC) - The gamer will lose 5% of the MMG tokens held in their wallet, which will then be burnt.
- When the loss is against another player in PVP mode - The gamer that loses will have 10% of the MMG tokens in their wallet transferred to the winner of the battle.
Since the number of tokens lost in case the gamer loses a battle is based on the total number of MMG tokens that the gamer holds in their wallet, many gamers might be wary of keeping a significant amount of MMG tokens in their wallet. For such gamers, the game will offer gamers the option to stake their MMG tokens into the bank, i.e., Sanctuary, to earn a daily percentage yield of 0.3%. Staked MMG tokens will need to be locked for a minimum of 24 hours before they can be withdrawn. This mechanism promotes the incentive for gamers to hold MMG tokens and guarantee the safety of their funds.
Read our first deep dive into the game mechanics of the Mad Meerkat Arena (MMA) here! The previous deep dive, along with this article, provides an ideal foundation for gamers to understand the nuances of MMA.
Concluding Thoughts
However, the protocol has warned gamers and investors that Mad Meerkat Arena will be a static click-to-play game and not an FPS or MMORPG; thus, they should not be overwhelmed by the hype around the game and the over-invest in these assets. The launchpad dates for these tokens that will drive the MMA environment will be released in due time.
Read our deep dive about the entire Mad Meerkat Finance DeFi ecosystem here!
What is Mad Meerkat Finance?
MM Finance has one of the largest ecosystems in Cronos, offering a decentralized exchange, a yield optimizer, the Mad Meerkat NFTs, a project launchpad, and more. The platform is an automated market maker, and the exchange lies at the center of the DeFi ecosystem. MM Finance enables users to earn passive income by staking crypto assets in liquidity pools, with some yield farms earning up to 496% APR.
Find more about Mad Meerkat Finance here:
Website | Twitter | Medium | Documentation | Telegram | Discord | Telegram Announcements |
Check out the Web3Wire Linktree to keep up with all relevant Web3 and Crypto!
Follow us on Twitter and Instagram!
Mad Meerkat Finance is a paid PR Client; Web3 Wire does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials from Mad Meerkat Finance. The project team has purchased our Cronos News & Web3 Wire Media Coverage for $4500 during the month of March. Readers should do their own research before taking any actions related to the company. Web3 Wire is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services re-distributed from Mad Meerkat Finance.
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