Blog Detail

Tokenomics

Tokenomics

MJC Token Overview

The MJC token is the native cryptocurrency of the Majestic Casino platform. It serves as the primary medium for transactions, rewards, and governance within the ecosystem. The MJC token is designed to facilitate seamless and secure interactions, enhance user engagement, and promote sustainable growth.

Token Utility

In-Game Transactions

MJC tokens can be used to place bets on various casino games, purchase in-game items, and participate in exclusive events. This integration ensures a smooth and efficient gaming experience, leveraging the speed and security of blockchain technology.

Staking Rewards

Users can stake their MJC tokens to earn rewards and participate in platform governance. Staking not only provides users with passive income but also empowers them to influence key decisions and developments within the Majestic Casino ecosystem.

NFT Purchases

The platform features a marketplace where unique digital assets and collectibles, represented as Non-Fungible Tokens (NFTs), can be purchased using MJC tokens. These NFTs can include exclusive in-game items, rare collectibles, and other digital assets that enhance the gaming experience.

Token Distribution

Total Supply

The total supply of MJC tokens is capped at 1,000,000,000.

Distribution Breakdown

• 40% to Public and Private Sale:
  • Public and private sales to raise funds for platform development and expansion.
• 20% to Team and Advisors:
  • Allocated to founders, developers, and advisors, with a vesting period to ensure long-term commitment.
• 20% to Rewards and Incentives:
  • Used to reward users for participation in various platform activities and to incentivize growth.
• 10% to Ecosystem Development:
  • Funding for ongoing development, partnerships, and platform enhancements.
• 10% to Marketing and Partnerships:
  • Allocated for marketing campaigns, promotional activities, and strategic partnerships to drive platform adoption.

Vesting Period

Public Sale

• 50% at Token Generation Event (TGE)
• 50% vested over two months

Private Sale

• 25% at TGE
• 75% vested over three months

Team and Advisors

• Tokens allocated to the team and advisors will have a 1-year cliff followed by monthly vesting over 3 years to ensure long-term commitment and stability.

Rewards and Incentives

• Distribution will be based on marketing activities and user engagement strategies.

Ecosystem Development

• 10% at TGE
• 90% vested daily linearly after a 3-month cliff

Marketing and Partnerships

• 50% at TGE
• 50% vested daily linearly

Burn System

Token Burn

To maintain the value of MJC tokens and ensure a deflationary mechanism, 25% of the platform's profits will be used to buy back and burn MJC tokens. This process will reduce the total supply over time, potentially increasing the value of the remaining tokens and benefiting all token holders.

Reward Mechanisms

Users can earn MJC tokens through various activities, including:

• Playing Games: Engaging in casino games and betting using MJC tokens.
• Staking: Locking up tokens to earn staking rewards and participate in governance.
• Participating in Governance: Voting on platform decisions and developments.
• Referring New Users: Inviting new players to join the platform and earning referral bonuses.

These reward mechanisms are designed to incentivize active participation and foster a thriving, engaged community within the Majestic Casino ecosystem.