The gaming project for which we held a WL (whitelist) giveaway for the community sale on our blog has announced the TGE (Token Generation Event) and published its tokenomics.
$MON – an ERC20 token, with a total supply of 1B.
The tokens are distributed as follows:
30% – for community claim (16.7% released at TGE and unlocks over 30 months)
6.2% – community sale (20% released at TGE and unlocks over 24 months, with a 6-month vesting period)
28.8% – ecosystem fund (5.2% released at TGE and unlocks over 48 months)
15% – team tokens (0% released at TGE and unlocks over 24 months, with a 12-month vesting period)
13% – strategic round (0% released at TGE and unlocks over 24 months, with a 6-month vesting period)
5.2% – trading liquidity
1.8% – advisor tokens (100% released at TGE)
NFT token holders at TGE will claim 5% of the total token supply, the remaining tokens (25% of the total supply) will be released over 30 months of nonlinear unlock, considering the rarity of NFTs.
Community sale terms:
21,500 slots, each containing 2,888 $MON tokens, totaling 62 million tokens for the sale.
The community sale will be conducted in the following stages:
1 Deposit phase: Guaranteed slot holders and WL will have 48 hours to deposit;
2 Guaranteed distribution phase: At the end of the deposit phase, the smart contract determines the total number of tokens purchased by each Guaranteed user (NFT holder);
3 WL distribution phase: After the guaranteed distribution phase, all WL participants of the sale.
The sale will be held in February 2024.
Post-announcement of the project’s tokenomics and sale:
https://www.monprotocol.ai/tokenomics
https://www.monprotocol.ai/community-pre-sale
As a reminder, the Pixelmon project made an impressive comeback after the project studio’s team was replaced by game development veterans from Ubisoft, Garena, and Blizzard.
Pixelmon navigated through a bear market treasury of $30M, conducted an $8M round, which included: Delphi, Animoca, Bitscale Capital, Mechanism Capital, Spartan, Merit Circle, and angel investors – the head of Animoca, 9Gag, the head of IMX.