MAGG Token
Last updated
Last updated
MAGG (or MAGnolia Governance) Token will be a common currency used across the Magnolia Ecosystem.
This ERC20 token is intended for persons who want to : earn passive revenues from magnolia ecosystem access to exclusive benefits: whitelist, assets, airdrops participate in the DAO governance.
MAGG supply will amount to 100,000,000 tokens.
Team tokens will be split between founder (9%) and team members (1%). Founder tokens will be subject to a 3 years lock and 1 year vesting period, and team members tokens will be subject to a 1 year lock and 1 year vesting period.
Token bought during the public presale will be subject to a 4 months vesting period.
The governance process will follow the quadratic voting model to ensure that all voices are heard fairly.
During the presale stage, investors will be able to purchase MAGG on the official website for purchase. After what, the token will be available for trade on a DEX. All MAGG holders will be able to provide liquidity to the pool and earn from the pool activity. The next step will be to expand MAGG availability and list the token on more DEXes and CEXes.
