Mita Games
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Tokenomics

Mita token is uniquely designed to offer great incentives to our supporters, community members and gamers.
Token Name
Type
Total Supply
MITA
Governance
200,000,000
MXP (MITA Xtra Points)
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
15,000,000
7.5%
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 Reserves
10,000,000
5%
12 months cliff, 15% released quarterly.
Development
15,000,000
7.5%
6 months cliff, 24 months vesting
Team members
20,000,000
10%
1 year cliff + 2 years vesting
Total amount
200,000,000
100%

Play and Earn MXP

Players will be rewarded with MXP 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

Play and Earn MITA

Players can earn MITA via various channels including
  • Completely daily quest
  • Running Nodes
  • Selling Heroes and Monsters on the marketplace
  • Converting MXP to MITA
  • Staking MITA
  • Ranking in tournaments
  • Ranking on leaderboards

Fees

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): 30% fee
Marketplace : 5.0% fee

MITA Burning Mechanism (Destroying)

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.

MXP Burning Mechanism (Destroying)

MXP : MITA Xtra Points is an in-game token and currently does not exist on the blockchain (it might in the future). MXP has a fixed or stable price, hence you can call it our stable currency. 1 MXP is pegged at $0.000099.
  • Burn MXP to buy in-game items
  • Burn MXP to upgrade Hero levels
  • Burn MXP to upgrade Monster levels
  • Burn MXP to upgrade Fort level

Buying of MITA token

Players can buy MXP 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.

Halving

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