Token model

MONG (Monster Gems) is the governance token in the game world of Monster Academy. Holders of MONG can vote for the game ecosystem related proposals and the use of community funds to decide how to build the future of Monster Academy. Meanwhile, holders can also use the token to participate in the game and enjoy the dividend rights of the DAO fund.

MONG is sold in the form of DAO contribution, with an initial total quantity of 100,000,000,000,000

Total Tokens: 10,000,000,000

During the contribution period, users can exchange for MONG by contributing BNB in ​​a fixed proportion. Meanwhile, the redemption function will be enabled. After the contribution, the project party will charge 5% fee, i.e., there will be a 5% loss of BNB when user redeems.

After the contribution period is over, the redemption function will be still on, allowing users to redeem at any time.

When the contribution period is over, the total number of MONG tokens = base * 2, with the base being the number of MONG tokens exchanged by contribution. The extra tokens will be destroyed.

In this way, the outstanding tokens account for 50% of the total tokens in the market. The remaining 50% of tokens will be used for increasing basic liquidity, project promotion, DAO governance fund, and publicity cooperation.