$MGTY | Notion

<aside> 💡 The $MGTY is the native token of the Magnety protocol.

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Token information

Token Name	Magnety token
Ticker	MGTY
Decimals	18
Max Supply	10,000,000
Liquidity	DEX have not been chosen yet
Utility	Used to participate in the governance and to collect the platform fees and the rewards from liquidity mining.

Token allocation

25% (seed+private+public sales) will be used to raise funds to develop and promote Magnety.
30% (Airdrop +liquidity mining) will be used to incentivize users on the platform.
15% will be used as treasury fund reserve
20% will be dedicated to bringing liquidity on DEXs
10% is reserved to the founding team
5% is allocated for Marketing, Partnerships & Community development

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<aside> 💡 The $MGTY dedicated to provide liquidity will be sent in a Vault managed by the governance. Then the DAO will vote for the best AMMs.

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Token circulating supply

The total supply of 10,000,000 $MGTY will be reached in 4 years.

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We decided to add vesting on the tokens for the team, the DAO treasury and our investors. This method is employed to prevent major market dumping and token price manipulation. While we have no doubt that our investors will be involved in the project for the long term, we must guarantee the security of all tokenholders in a transparent way so this is the point.

We decided to implement a high token emission at the beginning to help bootstrap a community and liquidity.