- Pixelmon, a web3 gaming intellectual property, has revealed details about its upcoming ERC-20 token, MON, which aims to transform community interaction and has a capped supply of 1 billion. A significant 36% of the total supply will be allocated to the community.
- The MON token is expected to be minted on Immutable zkEVM, backed by Polygon, offering custom smart contract support, advanced gameplay mechanics, tokenomics, and a streamlined trading experience.
- Pixelmon plans to decentralize its operations through the Mon Protocol and the upcoming MON token, which will function as an “IP protocol”, incentivizing and rewarding NFT holders who actively contribute to Pixelmon’s growth.
Pixelmon, a renowned web3, and NFT gaming intellectual property, has recently unveiled details about its forthcoming token, MON. This ERC-20 token is poised to transform the way the community and ecosystem interact.
MON TOKENOMICS OVERVIEW
MON will be issued as an ERC-20 token. At the token genesis event (TGE), 1 billion MON tokens will be created as the total token supply, which will never increase. MON will be distributed and unlocked as follows:
Total Supply: 1B
Community Claim: 30%… pic.twitter.com/GxoO4xpIKo
— MON Protocol 🐉 $MON (@monprotocol) February 12, 2024
The MON token will have a capped supply of 1 billion. A noteworthy 36% of the total supply will be allocated to the community, highlighting its importance not just as in-game currency, but also as a tool to empower and engage users within the ecosystem. The distribution plan prioritizes community participation, setting aside 30% of the total supply for community claims.
The ecosystem fund will receive a significant 29% of the total supply, which is dedicated to fostering the Pixelmon and MON Protocol communities. Additionally, 13% of the supply is earmarked for strategic sales, to promote long-term growth and stability.
Pixelmon’s Ambitious Roadmap: The Role of Immutable zkEVM
Pixelmon’s ambitious roadmap will be driven by Immutable zkEVM, with backing from Polygon. This partnership offers custom smart contract support, advanced gameplay mechanics, tokenomics, and a streamlined trading experience, addressing a key challenge in the gaming industry.
The MON token is anticipated to be minted on Immutable zkEVM. However, it remains uncertain whether the token itself will be minted on Immutable zkEVM or possibly the Ethereum mainnet. All one billion tokens will be fully unlocked within 48 months of the token generation event (TGE), which is projected to occur in Q1 2024.
Pixelmon’s vision goes beyond gaming, with plans to decentralize its operations through the Mon Protocol and the upcoming MON token. The Ethereum ERC-20 token will function as an “IP protocol,” incentivizing and rewarding NFT holders who actively contribute to Pixelmon’s growth.
In conclusion, the introduction of the MON token marks a significant milestone for Pixelmon. It not only enhances the gaming experience but also strengthens the community and promotes ecosystem growth. The strategic distribution of the MON token underscores Pixelmon’s commitment to its community and its vision of a decentralized gaming future.