Token Economic Model
As the top-level governance token on the Miracle Universe network, MU tokens have ubiquitous characteristics in all parts of the entire ecosystem. It is the most essential “bridge asset” in the entire network, giving MU the ability to capture maximum ecological value.
In addition, the analogy is Cosmos to Terra, Band and a series of application blockchains based on the Tendermint consensus of Cosmos SDK. The Miracle Universe platform is the parent ecosystem, and each blockchain game under it is equivalent to a sub-ecology that adopts the same development standard and has ecological synergy. The MU that provides this standard and development infrastructure can similarly capture the value.
MU & MG -「Dual Token」 system
Miracle Universe builds an open value ecological platform through the 「Dual Token」 system of MU (governance token) and MG (sub-token), integrating conversion platform,
trading platform, and game platform all together, which enables participant’s interests to be obtained transparently from the application of the ecological platform.
1. MU — Governance token
MU is the 「governance token」 of Miracle Universe, with a total issuance of 3.36 billion.
Participants in the subscription: Only intended for specific overseas participants (users other than those in mainland China, the U.S. or other restricted regions).
Subscription program (for details, the official announcement shall prevail)
Subscription Time (for details, the official announcement shall prevail) 1. Institutions 2021.10
2. Private Placement 2021.11
3. Public Offering 2022.01
2. MG — Sub-token
MG (Miracle Game Token) is the 「Sub-token」 of Miracle Universe, and there is no upper limit on the total issuance.
What MG means to MU is as similar as SLP to AXS in Axie Infinity. SLP, a kind of uncapped child token of AXS, can be used to breed pets in that game. The same goes for MG in Miracle Universe. It is a utility token that can actually circulate within the game and has practical application value in the micro-platform circulation system. However, as the governance token of the platform, MU helps game developers and game players participate in governance at the macro level of the entire Miracle Universe ecosystem.
In order to accelerate the market value of Miracle Universe’s commercial applications, game players can generate MG from ecological games and exchange them for MU, thereby allowing players to achieve 「Play to Earn」 through the 「Dual Token」 system, and
connect the virtual game worlds seamlessly.
Governance value and application scenarios
MU plays a vital role in Miracle Universe’s on-chain and off-chain governance, and is used to promote game players and game developers to participate in more effective governance on a larger scale.
Only platform coins built on application value have substantial value. Therefore, application scenario construction is the key to perfecting the value dimension of platform coins. At present, Miracle Universe has built an open blockchain value ecological platform. All participants can obtain open and transparent rights and interests from the platform’s ecological applications.
So far, MU as a governance token can be circulated and used in a variety of scenarios, including but not limited to:
Miracle Universe’s full ecological application scenarios are empowering MU. With the expansion of future business lines, MU application scenarios will become more diversified, further enhancing the core value of MU.
