- Well balanced holder percentage
- Development plan for future
- Over $100k daily trading volume
- Under 1000 holders
- non doxed team
MicroChains Gov Token (MCG) in a nutshell
MicroChains Gov Token (MCG) focuses on emerging chains and is a friendly bridge with the goal of delivering cross-chain solutions with better experience and security.
Tokenomics for MicroChains Gov Token (MCG)
Seed Round: 8% for team building, R&D, auditing, office, future operations, and other expenses. Unlocked for over 18 months. 9.9% unlocked in the first month and linear vesting for the rest in 17 months.
Validator Incentives: 3.5%. Reserve unlocked 4 months after TGE and released incentives after the KYC validator program launch.
Public: 1%. 50%TGE, 50% 2nd month.
Liquidity: 1 % for liquidity addition in DEX after issuance of the token. Fully liquid after the launch of the cross-chain incentive (TBD).
Marketing: 7 % for marketing and publicity. Unlocked in 12 months, 28% unlocked in the first month, 8% unlocked per month in the next 7 months, and the rest unlocked over the last 4 months, 4% in each month.
Cross-chain Mining: 25 %. Unlocked linearly over 25 months, 16% in the first month; halved in the 2nd to 4th months, 8% in each month; second halving in the 5th to 13th months, 4% in each month; and third halving in the 14th to 25th months, 2% in each month. The incentive may not be used up every month, and it may accumulate. Is affected if there is an incentive scenario. The actual situation of usage will be a regular public community.
Liquidity Mining: 25%. Is linearly unlocked over 25 months, and 4 % unlocked every month. The incentive may not be used up every month, and it may accumulate. Is affected if there is an incentive scenario. The actual usage situation will be regularly public in community.
Staking: 5%. Encouraging users to stake MCG and get incentives. The unlock plan is the same plan as Cross-chain Mining.
LP Rewards: 1.5%. Incentives for LPs of DEX. The unlock plan is the same plan as Cross-chain Mining.
Airdrops: 1%. Airdrops for early adopters “Microers”. Fully liquid first month (TBD). Rules are to be determined later.
Liquidity Management: 2%. Liquidity management on centralized exchanges. Fully liquid 1st month.
Treasury: 10% reservation for ecological construction and project development in the future needs. It is unlocked 12% in the first month and the rest is equally vested over 11 months.
Team & Advisors: 10%. 6-month cliff starting from 1st month, vesting 8% 7th month, followed by 19-month equal monthly vesting.
Review of MicroChains Gov Token (MCG) token
MicroChains Gov Token is under review and we are thoroughly looking into the token to find everything there is to know about it. Coming Soon. Meanwhile, you can check out our other reviews at altcoinreviews.com
Microchains Gov Token (MCG) FAQ
Can Microchains Gov Token (MCG) reach $1
With the fully diluted market cap being valued at 1.69 million USD and token value at 0.0168 it would require the token market cap to reach 100 million USD to be valued at $1.
Is Microchains Gov Token (MCG) a scam?
Low holding percentages among holders indicate that the token is distributed evenly. It is good to remember that the token is still under development. However, the team behind the token is not doxed. Remember to DYOR!