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Ecosystem - Tokenomics
Mita token is uniquely designed to offer great incentives to our supporters, content creators, community members and gamers.
Token Name | Type | Total Supply |
|---|---|---|
MITA | Governance | 200,000,000 |
Diamond | In-Game Token | Unlimited |
$MITA will be distributed gradually in a pre-determined distribution schedule over a period of 120 months (10 years) from the Token Generation Event (TGE) day. See below for full details of the distribution.
Category | Allocation | % | Vesting & Distribution |
|---|---|---|---|
Reward Pool | 70,000,000 | 35% | Unlocked as and when over a period of 120 months. |
Marketing & Growth | 10,000,000 | 5% | 5% on TGE, 10% every quarter starting Q1,2023 |
Private Sale | 50,000,000 | 25% | 10% TGE + 5 months cliff + 12 months vesting |
Public | 5,000,000 | 2.5% | 20% on TGE + 20% each month |
Liquidity,LP, Staking, MM | 10,000,000 | 5% | 30% at TGE, 5 months cliff, 12 months vesting. |
Advisors | 5,000,000 | 2.5% | 5% on TGE + 5 months cliff + 7 months vesting |
Company / Development | 20,000,000 | 10% | 12 months cliff, 15% released quarterly. |
Team members | 30,000,000 | 15% | 1 year cliff + 2 years vesting |
Total amount | 200,000,000 | 100% | |
Players will be rewarded with Diamonds while playing the game. This process will take into consideration
- Player's activeness in the game
- Player's engagement in the game
- Type of hero they are using
Players can earn MITA via various channels including
- Completely daily quest
- Running Nodes
- Selling Heroes and Monsters on the marketplace
- Converting Diamond to MITA
- Staking MITA
- Ranking in tournaments
- Ranking on leaderboards
All blockchain and withdrawal fees would be charged in MITA. 50% of all fees will be burnt and 50% will go to MITA Games Treasury
Withdraw MITA : 5.0% fee
Exchange MITA (Fiat or BUSD): 20% fee
Marketplace : 5.0% fee
Step 1
Every 90 days a collected amount of MITA will automatically be burnt from the fees we collect. 50% of all fees collected will be burnt.
Step 2
Every quarter, 30% of all revenue earned cross the games in fiat (in-app purchase, subscription or advertisement) will be used as liquidity for the instant withdrawal treasury in the games. This treasury serves as an easy way for gamers and community members that are inexperience with Dex or Cex exchanges to easily exchange their $MITA to fiat or stable coin. This is part of our mission of bring blockchain to the masses.
All MITA collected as a result of this will be burnt every quarter. We will continue to burn until MITA reaches a total supply of 100,000,000. This mechanism will decrease the total amount of token supply over time and will ensure the scarcity of MITA.
Diamond is an in-game token and currently does not exist on the blockchain (it might in the future). Diamond has a fixed or stable price, hence you can call it our stable currency. 1 Diamond is pegged at $0.000099.
- Burn Diamond to buy in-game items
- Burn Diamond to upgrade Hero levels
- Burn Diamond to upgrade Monster levels
- Burn Diamond to upgrade Fort level
Players can buy Diamond tokens from Play and IOS store and convert this within the game to MITA tokens. MITA tokens can also be purchased from the various exchanges we are listed on and transferred into the game via our Mita Bridge.
Every 2 years, starting from 1st September, 2023, the total amount of reward (R) players earn in the game will be halved. This will continue until 1st September, 2027. Below is a list of the halving dates and time;
Let nR = New Reward
- 1st September, 2023 : 12:00am => nR = R/2
- 1st September, 2025 : 12:00am => nR = R/4
- 1st September, 2027 : 12:00am => nR = R/8
Last modified 1mo ago