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Film Meets Web3 Helping Filmmakers Connect Better with Their Audience
Key takeaways
- Festivals are crucial for film success and offer opportunities for filmmakers to showcase talent and connect with audiences.
- Web3 can improve access to festivals and enhance content creator-audience connection.
- MILC’s Art Tower and Alpha Film Festival showcase the potential for Web3 to revolutionize the film industry.
Festivals have become a crucial part of the film industry, given the various ways it helps in the success of films. Filmmakers have always taken advantage of the opportunities presented by these festivals to showcase their talent to industry leaders and also have a better connection with their audience.

These festivals have gone on to produce some of the best and most renowned directors and actors in the movie industry today. Tourism is yet another important factor that drives the hype around these festivals, this is because these festivals in a way make their host location a center for tourist attraction at the time of the event.

There are many film festivals every year and chances are that many film enthusiasts and new filmmakers look forward to these events, but the question is, how many of these film lovers and new filmmakers have access to these festivals? How many of them can truly experience the “magic” of films in these settings? Blockchain answers this question effectively.

MILC and the Film Industry

The integration of Web3 in the film industry –Film3- alleviates this problem, and MILC with its services has definitely blurred the lines between movies, festivals and Web3 technology. With its main focus on how content are created and shared, Media Industry Licensing Content MILC has already successfully launched a film on the metaverse space and planning to do more.

Recently, MILC collaborated with Bad Blood Productions, based in the UK, to launch a film on the MILC metaverse platform last Halloween. A collection of posters and concepts art from the movie ‘Sacrilege’ from the Bad Blood Studios were all hosted on MILC Art Tower.

Individuals and fans of the horror saga were amazed at the truly terrifying horror pictures on MILC’s Art Tower, and this definitely sets the tone for the future of partnerships between films and Web3 technology.

The Future of Web3 and Film

At the center of MILC’s purpose is its goal to connect content creators of all kinds, including filmmakers, musicians, and gamers with their audience in an even more efficient way. Achieving this goal is now on the horizon for the company as they aim to launch their first-ever international film festival on their metaverse. This puts them on a path to becoming one of the best platforms for Web3 content creators and audiences as well.

The company is hosting their very own film festival – The Alpha Film Festival, in partnership with Film Verdict led by Eric Mika. Working with renowned and famed publications, including the Hollywood reporter and Variety, they aim to bring more diversity and originality to the whole process.

The Festival is centred on the audience and filmmakers, giving them a look into the world of metaverse and what the future holds for film and Web3.
March 15, 2023
BinaryX Releases Trailer and Opens Beta Test For Futuristic Space Game Project Matthew

Singapore, Singapore, 13th March, 2023, Chainwire

BinaryX announced today the upcoming release of a space-building simulation game, Project Matthew. The team just released the trailer video which gives a first look at the game, and is also opening registration for their Closed Beta Test happening soon.

Introducing Project Matthew: The Exciting New Space-Building Game
Project Matthew is an upcoming space-building simulation game developed and published by developer BinaryX.

The game takes place in outer space, where players have taken over as landlords of a distant land called Matthew. The goal of the game is for players to build their own extraterrestrial cities, by setting up industrial production lines that produce resources for further development.

Develop A City
The adventure begins as players are given an NFT plot to start their city. Players can build different types of helper robots that will contribute different skills to scavenge, battle, or explore new territories to develop the city.

Lead A Virtual Army
Players can recruit a robot army with different skills and abilities, and challenge enemies on the battlefield to earn massive rewards. The battlefield is divided into different levels of difficulties. The more difficult the level, the greater the rewards.

Explore Space
Exploration is one of the primary ways to obtain rewards and resources in Project Matthew. The gameplay features a collection of neighboring and faraway planets waiting to be explored.

“Project Matthew is our biggest project for the first half of 2023. We wanted to bring in new genres of games into the BinaryX ecosystem, and this game is the first ever simulation game that we will have on our platform. We want our players to immerse themselves in space as landowners and explorers. We’re really excited to welcome a whole new group of space enthusiasts and simulation gamers into our expanding community”, said Rudy S., Global Head of Business Operations and Development of BinaryX.

Watch the official trailer:

Closed Beta Test Opens For Registration

BinaryX is kicking off the launch of Project Matthew with a Closed Beta Test. Registration starts on 13 Mar, 9 PM UTC+8, and closes on 20 Mar 6 PM UTC+8.

The Closed Beta Test will be available to Windows users only, with more details to be revealed on their registration page and social media channels.

Register for the closed beta test here.

About BinaryX
BinaryX is the GameFi platform behind play-to-earn games CyberDragon and CyberChess, both of which run on the BNB chain.

BinaryX began as a decentralised derivative trading system. The team gradually evolved into developing decentralised video games, and is now a GameFi platform offering IGO services to bridge Web2 developers to Web3.

As one of the top 10 projects on the BNB Chain, BinaryX has a vast community of more than 100k coin holders and 17K monthly active wallets. It is also one of the largest metaverse projects by trading volume on the BNB chain, with more than 200 million in market cap. BinaryX also has a token, $BNX, that has consistently demonstrated strong performance despite the bear market.

For more details and information about BinaryX, please visit www.binaryx.pro

About BinaryX deck

Find us on social media: BinaryX | Twitter | Discord | Telegram | YouTube | Medium

Contact

Communications Lead
Kora K.
BinaryX
marketing@binaryx.pro

March 13, 2023
Bloxmith Launches Raiders Rumble, A Mobile Strategy Game for Both Web2 and Web3 Gamers, on the Flow Blockchain

Taipei, Taiwan, 13th March, 2023, Chainwire

Bloxmith, the player-first Web3 gaming studio, today announced that the open beta for Raiders Rumble, its unique 1v1 squad battler game for mobile powered by the Flow blockchain, is now available for download on Google Play and Apple App Store.

Raiders Rumble challenges players to apply fast-paced strategic decision making in countering the moves of their opponents. Built as a strategic esports game for the masses, it features a daily rotation of tournament modes where the top 50 percent of participants can win in-game items or RUMB tokens, Raiders Rumble’s project token.

Furthermore, players do not need a crypto wallet or digital collectibles (NFTs) to start playing and enjoying the game. To maintain competitive integrity, digital collectibles in Raiders Rumble do not provide any in-battle advantage, though they have several other unique features that make them highly valued by collectors.

“For our first game, we wanted to pioneer a new type of competitive mobile strategy game that would help bridge the gap between traditional and Web3 gamers,” said Bloxmith Co-founder and CEO Wayne Lee. “We are delighted to be working on the Flow blockchain – it solves the scalability problem for games and digital collectibles. With frictionless onboarding, social logins and familiar payment methods, Flow is built from the ground up to make it easier for mainstream users and brands to transition from Web2 to Web3.”

As part of the launch and esports nature of the game, Raiders Rumble will host three Flow-sponsored bonus tournaments. Strategy gamers will have the opportunity to win FLOW tokens, with a total prize pool worth $USD 120,000 in FLOW up for grabs for the best strategy gamers around. These Flow-sponsored tournaments are scheduled to take place between March 23-31, with more details on the Raiders Rumble website here.

“Raiders Rumble is a compelling example of a mobile game that can simultaneously appeal to a mainstream audience while introducing them to the power of Web3 gaming powered by Flow,” said Chirag Narang, Head of Product at Flow. “The Bloxmith team’s innovative take on game design and player onboarding aligns strongly with Flow’s vision and goals for our ecosystem around gaming and onboarding mainstream users to Web3.”

About Bloxmith

Founded in December 2021 by a group of passionate gaming veterans from Riot Games, Blizzard Entertainment, Pumpkin VR and Facebook Gaming, Bloxmith’s mission is to create player-first games that are still fun even after 1000+ plays. Bloxmith’s investors include Infinity Ventures Crypto, Dapper Labs, Vayala, Moon Holdings, Bitoro, SEA Pixel, and Results.io.

For more information, visit: Website | Twitter | LinkedIn | Discord

About Flow

Flow is a decentralized layer one blockchain designed for onboarding mainstream consumers. Frictionless, secure and eco-friendly, Flow empowers developers to innovate and push the limits that will bring the next billion to Web3. Today, Flow is home to a thriving ecosystem of creators from top brands, development studios, venture-backed startups, crypto leaders, and more. For more information, visit www.flow.com

Contact

Deon Moh
hello@bloxmith.com

March 13, 2023
Rootstock Unlocks Unlimited DeFi Opportunities for Bitcoin with 7 New Protocols

Rootstock has removed the locking cap for the BTC/rBTC two-way peg, enabling users to transfer as many BTC as they want to the protocol for staking, saving, borrowing, and lending purposes.

The new protocols include Quidli, Enkrypt, BitOK, MyEtherWallet, Paydece, EMDX, and Qredo Wallet.

Rootstock developed solutions to bring DeFi to Bitcoin, the largest crypto blockchain, bringing 7 new protocols to the network last month. Using the world’s largest decentralized network so that people can bypass the restrictions of TradFi, the project has removed the locking cap for the BTC/rBTC two-way peg.

Rootstock paves the way for users to transfer as much BTC as they want to the protocol and use them for purposes such as staking, saving, borrowing, and lending. As the first layer 2 sidechains of the Bitcoin blockchain, the project maintains its security with more than half of Bitcoin’s hash power. In this way, Rootstock users who achieve decentralization, security, and high scalability can access various smart contract use cases by crossing the boundaries of the Bitcoin blockchain.

7 New DeFi Protocols

The Rootstock network has over $80 million in TVL, with over 3,500 BTC locked in the network. Using BTC as its native coin, the sidechain supports smart contract development and token creation on the Bitcoin blockchain as it is compatible with EVM. Rootstock has not experienced network interruptions while serving for more than 5 years; it continues to work with 100% uptime.

The Rootstock network hosting over 90,000 individual transactions in February 2023 alone is a sign that its user base continues growing.

Continuing to grow its community and TVL, this layer 2 projects continued its development in the bear market so that its users could access more opportunities. Rockstock, which has opened the way for unlimited BTC transfer to the protocol by removing the locking cap, lists the 7 new DeFi protocols that will join the ecosystem as follows:

Quidli: Allows sending RBTC rewards & donations via Discord, Slack, or any other app.

Enkrypt: Integrates Rootstock dApps into the wallet browser to simplify access to Rootstock’s DeFi offerings.

BitOK: Collaborating with nearly 50 exchanges and two banks, BitOK provides a portfolio tracker and analytics tool for NFTs and cryptocurrencies.

MyEtherWallet: Open source Web3 wallet added support for Rootstock and RNS solution.

Paydece: DApp that allows swapping crypto to fiat without needing KYC.

EMDX: Dual investment technology for BPro and RIF.

Qredo Wallet: Self-custodial wallet for RIF, RBTC, and other tokens.

Alongside integrating seven new protocols, Rootstock has added new tools for developers and builders. The Chaindrop integration allows developers to request test tokens to test smart contracts and dApps easily.

Thanks to the newly added RIF Flyover to the Rootstock Infrastructure Framework (RIF) open-source product suite, users can use the products of third-party liquidity providers more straightforwardly.

Rootstock Co-Founder Adrián Eidelman said following the developments:

“By removing the limit of 4,000 BTC to be moved onto Rootstock, we are opening up numerous possibilities for the growth of Rootstock and Bitcoin DeFi.”

March 10, 2023
Lionel Messi’s VC Firm Invests in $21M Round for Matchday, a Soccer-Focused Web3 Startup
Key takeaways:
- Lionel Messi’s venture capital company PlayTime has been one of the key investors in Matchday’s seed round
- Matchday, a web3 startup focusing on soccer gaming, has raised $21 million in the seed round
- This is not Messi’s first foray into the crypto sphere – last year the PSG star signed a $20 million deal with Socios, a sports fan token giant
Messi continues making waves in the crypto sports scene

Lionel Messi’s venture capital firm PlayTime announced it has invested in a $21 million financing round raised by Matchday, a startup that focuses on interactive soccer entertainment in the web3 space.

“To us, it’s all about accessibility. We’re talking about bringing on board hundreds of millions of fans into our game without them even knowing what Web3 is. … Our motto is ‘make complexity disappear,’” stated the chief gaming officer (CGO) at Matchday, Sebastien de Halleux.

Matchday is reportedly trying to build a number of soccer games with licensing from FIFA, the international governing body and soccer’s ultimate administrative authority. Matchday apparently plans to tap into the casual gamers segment, which is not particularly interested in the FIFA soccer game for PCs and gaming consoles. The company plans to incorporate digital player cards and other elements that could appeal to the casual fan. With billions of soccer fans worldwide, the growth potential is certainly there.

Messi, who won the 2022 World Cup with Argentina and is widely considered to be one of the best soccer players of all time, is no stranger to the cryptocurrencie space. Last year, he penned a $20 million deal with Socios, a leading fan token company with partners such as FC Barcelona (BAR), Paris Saint-Germain (PSG), AC Milan (ACM), UFC, LA Lakes, and more.

PlayTime’s investment comes at a time of reduced institutional and VC interest in crypto. In fact, institutional crypto inflows in 2022 fell to the lowest levels since 2018 and recorded a 95% drop compared to the all-time high in 2021.
March 9, 2023
RegTech Africa Conference: NITDA to Harp on National Digital Economy Policies & Standards Amid Digital Revolution

With focus on regulatory imperatives on financial inclusion, consumer protection and cybersecurity

LAGOS – NIGERIA: The National Information Technology Development Agency (NITDA) will be highlighting key standards, guidelines and frameworks for the development, standardization, and regulation of information technology practices in the face of global digital revolution at the 2023 RegTech Africa Conference.

Kashifu Inuwa Abdullahi, Director General, NITDA who confirmed attendance at the RegTechAfrica Conference would discuss Information Technology policy objectives and provide frameworks within which the policies are implemented.

At the conference, Inuwa along side other speakers would discuss issues that help cross the divide between regulatory reporting and technology spectrums, and also look at different approaches in which technology and data could reduce the complexities in regulatory reporting thereby increasing operational efficiencies.

The conference which is scheduled between May 24 to 26, 2023, will also focus on the national imperatives for consumer protection in the wake of emerging shift to digital economies and associated challenges of cybercrime, which is one of the emerging threats facing the global economies as a whole.

The maiden edition of the conference held in partnership with the Bill & Melinda Gates Foundation, was hugely successful and boasts of high-level representation of businesses and regulators across key sectors such as financial services, technology, telecommunications and Venture capital companies.

Some speakers who already confirmed attendance at the event include Phillip Chitalu, Chief Executive Officer, Securities and Exchange Commission, Zambia; Ayisat Agbaje, Senior Special Assistant to the Governor on Development Partnership and Economic Planning, Lagos State and Yilebes Addis, CEO of EthSwitch S.C, Ethiopia; Winnie Wambugu, Mobile Money Regulatory Specialist at GSMA; Dr. Yele Okeremi, CEO Precise Financial Systems (PFS); Branka Mracajac, CEO, 9PSB; Dr. Raoul Herbourg, MD Giesecke+Devrient, Africa and Femi Jaiyeola, Group Chief Conduct and Compliance Officer, Access Bank Plc.

Cyril Okoroigwe, the convener of RegTech Africa Conference, said with the global Regtech market reaching over $10Billion this year, leading companies in the Regtech market and financial services sector are focusing on product innovations in order to expand their products and services portfolio and gain a competitive edge.

According to Okoroigwe, the reality of a harsh economic environment the world over has made it demanding to maximise cost efficiencies, increase requirements for sustainability as well as provide an increasingly heterogeneous financial market landscape.

The conference will feature an expansive line-up of stellar speakers, case studies, panel discussions, presentations providing access to a wealth of industry-leading knowledge sharing best practices and experiences, spotlighting trends, information exchange, insights and outlooks with actionable takeaways.

The event is focused on attracting top professionals with interest in regulations, compliance, technology, fraud, risk, monitoring, reporting, financial crime, cyber security, data management and identity management.

Technology service providers will share their knowledge, invited agencies of government at federal and state levels will share insights and showcase use cases in their domains, while international experts will provide perspectives on international best practices and use cases.

NITDA is mandated by the National Information Technology Development Act (2007) to establish standards, guidelines and frameworks for the development, standardization and regulation of Information Technology practices in Nigeria.

NITDA has published several instruments and monitors their compliance for the development of information technology in Nigeria. The instruments serve as a minimum benchmark in the development and implementation of information technology in Nigeria and enforceable by law.

RegTech Africa Conference is the premier Conference on Regulatory Services Innovation and Excellence with focus on Africa. It provides the platform for regulators, regulated and key industry stakeholders to engage, collaborate and share knowledge around new technologies and practices that support better regulations.

For registration and partnership opportunities, please visit www.regtechafricaconference.com or email info@regtechafrica.com.

End++

Source: RegTech Africa

Contact:

Email: info@regtechafrica.com

March 9, 2023
Helio Protocol’s HAY Destablecoin – Redefining Security, Decentralization, and Capital Efficiency
Key takeaways
- Helio Protocol’s $HAY is a “destablecoin” that aims to be the leading stablecoin in the BNB Chain ecosystem and beyond
- Helio Protocol places a strong emphasis on security, with smart contracts audited by top firms, a bug bounty program, and an emergency shutdown mechanism
- With its decentralized collateralization model, HAY offers higher capital efficiency and security compared to centralized stablecoins
Helio Protocol, supported by BNB Chain and described as a “destablecoin” instead of a stablecoin, has been implemented with a project that can change the paradigms of the USD-pegged coin industry. The goal of Helio Protocol is to make $HAY destablecoin the leading stablecoin of both BNB Chain and the entire industry. This open-source liquidity protocol enables using DeFi facilities such as lending and liquid staking with $HAY.

Helio Protocol’s vision is to enable users to access a stablecoin service that is sustainable, resilient to market sentiment, and offers actual returns. Bringing better decentralization, capital efficiency, and security to the stablecoin industry, Helio is poised to break the definition of industry. The “de” in the name “destablecoin” comes from the “de” of “decentralized finance”.

Aiming to be the most adopted stablecoin of BNB’s comprehensive ecosystem, HAY also made good use of the fact that BUSD, the most preferred stablecoin in this ecosystem, has been losing blood since November 2022. $HAY aims to expand to other significant blockchains in the future and increase community adoption.

Security of Helio Protocol and $HAY Destablecoin

While the security of a DeFi project directly affects the success of that project, security is even more critical, especially in a project that offers stablecoins within its protocol. Platforms often have their protocols and smart contracts audited by an audit firm. Helio Protocol, conversely, has its smart contracts audited by leading companies such as CertiK, PeckShield, SlowMist, and Veridise. Audit reports are available on the Helio website. Helio is also in talks with other reputable smart contract auditors.

Another method of providing security is the bug bounty program. Those who manage to find a vulnerability in the open-source Helio Protocol are generously rewarded. This allows the protocol to avoid potential errors quickly. Helio also includes an emergency shutdown mechanism as a last resort in case of possible abuse. This means that users’ assets will continue to be protected in the event of any cyberattack.

Helio Protocol applies the best risk parameters to solve the main problem in DeFi, which is the inability to provide user security and decentralization simultaneously. The project, which aims to create both a sustainable destablecoin and a large community, keeps security controls tight from the beginning.

Why BNB Chain?

$HAY’s existence, first and foremost in the BNB ecosystem, is due to the lack of a reliable decentralized stablecoin. The dev team carefully continued their development for both the Helio Protocol and $HAY after seeing some of the problems with stablecoins, which act as an essential bridge to crypto adoption.

What Makes Helio Protocol Unique?

Since $HAY is a BNB ecosystem product, the best competitors to compare it to are BUSD and VAI. It is obvious how centralized BUSD is that it has legal problems and errors in collateral. Regarding VAI, Helio also has higher capital efficiency and security as Helio Protocol is a more collateralized, therefore more liquid staking asset than VAI. Helio Protocol’s destablecoin product HAY is collateralized by decentralized assets such as BNB.

$HAY is also comparable to stablecoins on different blockchains. The largest decentralized stablecoin on the Ethereum blockchain is DAI. But DAI is also over-collateralized by USDC and similar centralized assets. This seriously lowers the level of decentralization that DAI offers. On the other hand, HAY is collateralized with decentralized assets, and HAY holders can have more opportunities to increase their capital efficiency through liquidity provision and staking methods.

How Does HAY Destablecoin Stay at $1?

The dev team thoroughly studied the different DeFi protocols before releasing the Helio Protocol and $HAY destablecoin. As a result of these analyses, an LTV rate of 66% was determined to ensure that HAY remains resistant. In other words, you can borrow 66 HAYs for 100 USD worth of BNB you have deposited in the protocol. Thanks to this over-collateralization, Helio always has enough BNB to pay off the debts.

The smart contract architecture of the decentralized stablecoin HAY is built to enable arbitrage incentives to keep the token at $1 USD. This means arbitrageurs can trade HAY on various DEXs to keep prices steady on any price divergence. Therefore, users can consider this an arbitrage opportunity if the price deviates between 1% and 2%, allowing the $1 price to be obtained again.

At the same time, HAY’s mint cap will never exceed 5% of BNB’s market cap. In other words, despite significant price drops in the market, there will always be enough BNB collateral in the protocol. Adopting a dual token model, the governance token $HELIO is used for proposing and voting in DAO governance.

The Bottom Line

With its new perspective on the stablecoin industry, Helio Protocol aims to increase both capital efficiency and decentralization. Striving to become the most adopted stablecoin product of the BNB ecosystem, HAY has steadily increased its market value since its launch in mid-2022. With a market cap of $41.5M by the end of February 2023, this token has excellent potential to continue increasing its adoption as it focuses on capital efficiency and absolute returns.
March 8, 2023
Mizar Launches $MZR Token on Arbitrum and Unveils DeFi Roadmap

London, United Kingdom, 8th March, 2023, Chainwire

Mizar, a social trading platform that boasts over 10,000 users and sees daily trades in the millions of dollars, is pleased to announce the launch of its $MZR token on March 9th, along with the disclosure of its ambition to introduce automatic and copy trading on both centralized and decentralized exchanges. Mizar aims to transform the crypto trading industry by enhancing its accessibility and profitability for all, with the ultimate objective of becoming the most popular social trading platform for crypto.

The $MZR token will serve as the native token of the Mizar ecosystem, allowing users to participate in various activities such as staking, accessing features, and receiving rewards. Additionally, the $MZR token will be used to reduce fees on the Mizar platform by up to 95%, providing a more cost-effective solution for traders.

Following the successful completion of its initial roadmap phase, which centered on developing trading tools for CeFi platforms, Mizar is delighted to reveal its next roadmap phase which seeks to expand its existing tools to DeFi. These features will empower users to automate their trading strategies using advanced, but intuitive trading tools, on decentralized exchanges. By combining these tools with its copy-trading engine, novice traders will find trading more accessible while experienced traders can potentially enjoy an additional income stream while retaining control of their assets through self-custody.

Mizar aims to establish itself as the leading crypto trading platform, offering users the ability to track and manage their orders across both centralized exchanges such as Binance and decentralized exchanges like Uniswap. The Mizar team believes that by incorporating automation and artificial intelligence, traders can gain an advantage in the market and increase their chances of success.

“Our launch on Arbitrum is a testament to our enthusiasm for expanding into DeFi”, says Francesco Ciuci, CEO of Mizar. ”We are currently engaged in discussions with several projects in the Arbitrum ecosystem, and we are all eagerly anticipating the chance to collaborate on groundbreaking products that will revolutionize the DeFi trading landscape”.

With support from prominent investors including Nexo, KuCoin Labs, Huobi Ventures, Kronos Research, and others, Mizar marks a significant advancement in the realm of crypto trading.

Starting from March 9th, Mizar’s $MZR token can be acquired on Uniswap. To learn more about Mizar’s social trading platform and its future roadmap, please visit https://mizar.com/.

About Mizar

With over 10,000 active users and millions of volumes traded daily, Mizar is the go-to choice for those who demand the best when trading crypto. Say goodbye to FOMO and missed opportunities, and embrace hands-free trading on your favorite CEX and DEX with advanced bots and smart tools. Additionally, Mizar traders can share bots with others on the soon to-be-largest social trading platform in the crypto space and earn a passive income. Thanks to the MZR token, users can get access to all these features without paying any subscription fee.

Contact

CEO
Francesco Ciuci
Mizar
marketing@mizar.ai

March 8, 2023
Monster Galaxy Tokenomics Evolution: A New Chapter
Santa Clara, California–(Newsfile Corp. – March 7, 2023) – The MOGA Tokenomics Evolution is here; the Company is implementing a series of changes in order to increase the utility of Monster Galaxy’s tokens and make the entire system more transparent for the benefit of the community.

Key Takeaways:

These are the most important changes users can expect to see:
- Throughout the first quarter of 2023, the Company will be rolling out major changes to MOGA’s Tokenomics. Our primary focus during this period will be to restructure the functions and utility of in-game tokens to further stabilize players’ earnings.
- Monster Galaxy will immediately burn the 655 million GGM tokens that remain unvested. By April 1st 2023, there will be 345 million outstanding GGM tokens remaining.
- Monster Galaxy will host several Buyback and Burn Events beginning on April 1st 2023. During these events, the Company will buy back outstanding GGM at 15% of monthly revenue so they can be burned as well.
- GCoin will be introduced and officially become the sole token used in all Marketplace transactions. Because GCoin is a stablecoin 100% backed by USD, the prices of NFTs and Game Items on the Marketplace will stabilize.
- The company will introduce MGold as the in-game currency designated for buying and upgrading items, using the Gacha feature, and playing mini games. Users will also receive all of their gameplay-related rewards in MGold.
I. Continuous Optimization of Monster Galaxy’s Tokenomics

Before and After the MOGA Tokenomics Evolution
1. For completing tasks, earning achievements, and participating in events, players will continue to receive Moga Fragments, and Equipment. However, MGold will replace GGMP as the currency used for reward distribution.
2. Items that were previously available for purchase with GGM in the game will now be purchasable instead with MGold and GCoin.
3. New tickets for the Gacha feature will be added. These tickets will allow players to pull from the Normal Gacha for free and can be obtained by completing in-game tasks.
4. The Top-Up system will be revamped. GCoin will replace GGM as the designated Top-Up Currency. Players can top up via Appstore, Google Play, or Paypal and then exchange their GCoin for MGold as needed.
5. GCoin will replace GGM for use in both in-game and web-based Marketplace transactions, including handling fees. As a note, storage fees will now be paid in MGold rather than Crystals.
6. Players will be able to exchange GGM for MGold at a rate of 1:1.
7. GGMP will be automatically converted to GGM.
II. Major Expansion of Token Utility across the MOGA Ecosystem

Main Tokens in MOGA Universe

The role of each currency in MOGA’s newly-evolved Tokenomics is outlined below, but a more detailed breakdown of Token Utility is also available here.

GCoin is a brand new blockchain-powered USD-backed stablecoin that offers all the benefits of cryptocurrency (instant processing, store of value, privacy, and security) without any of the negatives (frequent fluctuations in value).

GGM, the original in-game currency, is now primarily a governance token that represents a stake in the MOGA DAO and gives holders the power to shape the MOGA community’s future.

MGold is the new dedicated currency for rewards (tasks, achievements, events) and purchases within the Monster Galaxy game.

III. Fostering community engagement

The integration of GCoin and the introduction of MGold will allow GGM to fulfill its intended role as a primarily governance-related token. And with the establishment of the MOGA Dao, token holders are more empowered than ever to actively participate in governance. These changes will also lead to increased community engagement enriched by the creativity of Moga Tamers around the world. MOGA DAO will enable not only its players but also its investors to be more hands-on in shaping the future of the MOGA ecosystem. For everything that’s on the horizon for the MOGA DAO and for Monster Galaxy more broadly, be sure to take a look at the latest additions to our roadmap.

Monster Galaxy Official Linktree: linktr.ee/monstergalaxy

CEO name: James Cao
Email: marketing@galaxygames.io
Company: Galaxy Games Inc
March 8, 2023