# 3. MAX Tokenomics

<figure><img src="https://7161285-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FBlXzVzJAltt2Tt6qmJIT%2Fuploads%2FgN8ZvHmzG50eG75fPTO7%2FMAX%E6%80%BB%E8%A7%88.jpg?alt=media&#x26;token=770a3d9d-e6f2-4901-ad18-f3448fd010c6" alt=""><figcaption></figcaption></figure>

**MAX is the core of the MATR1X platform, supporting a wide range of applications and services within MATR1X Platform, and can capture the value of all projects on the MATR1X Platform, including Asset Returns, Equity, and Governance.**&#x20;

## **Supply**

The initial total supply of $MAX is 1 billion , issued as an ERC-20 token. The contract address is:&#x20;

<mark style="color:purple;">**0xb7109df1a93f8fe2B8162c6207C9B846C1C68090**</mark>

Currently, MATR1X has  burned 200 Million of MAX, which means that total supply has reduced to 0.8 billion. Breakdown of MAX burned:&#x20;

* 50 million from Team & Investors
* 80 million from Community
* 70 million from Platform Contribution

Proof of Burn:

{% embed url="<https://etherscan.io/tx/0xc3b42c74cffc1229740c6bc0163bb3495114de5e4d8161d59b5f3247f9ae3062>" %}

{% embed url="<https://etherscan.io/tx/0x4fa0dc17da010020a87cae9c6b89050e3f128821f999e5be3e84ae5d7d1221de>" %}

### **Distribution Rules**

#### **Allocation**

<figure><img src="https://7161285-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FBlXzVzJAltt2Tt6qmJIT%2Fuploads%2F7PpkOB1q1fY84w1gnZ9j%2Fimage.png?alt=media&#x26;token=fb2b4e32-7328-463f-a56e-a38a9e160c97" alt=""><figcaption><p>MAX Allocation Plan</p></figcaption></figure>

Note: we will keep updating the MAX allocation and unlock plan.

Allocation Shares:&#x20;

* Team & Investors:  300 million MAX  (30% of total MAX supply) will be allocated to Team & Investors, as reward to the team and early investors. 50 million in this part has been burned.&#x20;
* Community:  100 million MAX (10% of total MAX supply) will be allocated to Community, to encourage community engagement. 80 million in this part has been burned.&#x20;
* Ecosystem: 160 million MAX (16% of total MAX supply) will be allocated Ecosystem fund to establish initial liquidity and build the user ecosystem.
* Advisors:  15 million MAX (1.5% of total MAX supply) will be allocated to Advisors to compensate advisors for their guidance.
* Early Bird: 55 million MAX (5.5% of total MAX supply) will be rewarded to Early Bird who particpate in our early testing and the Apollo program.
* NFT Airdrop: 94 million MAX (9.4% of total MAX supply) will be rewarded to holders of Matr1x platform NFTs - YATC and KUKU.
* Platform Contribution: 276 million MAX (27.6% of total MAX supply) will be rewarded to collaborating partners or  builders who support Matr1x platform maintenance and development. In terms of specific allocation, it will be based on MATR1X ecosystem projects' contribution to MATR1X platform, including effective revenue, the number of real users, content creation, etc. The final decision-making power will be given to MATR1X DAO. 70 million in this part has been burned.&#x20;

## Update:

After burning 200 million $MAX tokens, the latest distribution and unlocking details are as follows. This table will continue to be updated

<https://docs.google.com/spreadsheets/d/1S9KZ89mkNGgsIcfsn857QzzQfZ0m4u8gJn0HauWj1Ds/edit?gid=0#gid=0>

## Unlocking Schedule

<figure><img src="https://7161285-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FBlXzVzJAltt2Tt6qmJIT%2Fuploads%2FdJ6RbKtwqcVrmy5GFQid%2Fimage.png?alt=media&#x26;token=30ff0ed9-7f2d-4369-8dc6-a03e06b740a7" alt=""><figcaption></figcaption></figure>

<table><thead><tr><th width="138">Allocation</th><th width="163">Token Proportion</th><th width="111">TGE Ratio</th><th width="130">Cliff (month)</th><th width="185">Unlock Time Interval</th><th width="285">Wallect Address</th></tr></thead><tbody><tr><td>Team &#x26; Investors</td><td>30.0%</td><td>0%</td><td>12</td><td>36</td><td>0x730C8d50953cdce346111d6B933F8F225c467901</td></tr><tr><td>Community</td><td>10.0%</td><td>50%</td><td>6</td><td>36</td><td>0x0Af267A32805EE952cbd03822a41E09210F4Be40</td></tr><tr><td>Ecosystem</td><td>16.0%</td><td>30%</td><td>6</td><td>48</td><td>0x8d68f58EB6478cB8B2aDD162e35A47C265ddbcb6</td></tr><tr><td>Advisors</td><td>1.5%</td><td>0%</td><td>10</td><td>36</td><td>0x8D21659C793dd78836eC9eB50abdB63cf79794E7</td></tr><tr><td>Early bird activity</td><td>5.5%</td><td>100%</td><td>0</td><td>0</td><td>0xcEfdC326691B96ADa3Ed82c1e8E90eCc05cDF715</td></tr><tr><td>NFT airdrop</td><td>9.4%</td><td>8%</td><td>4</td><td>24</td><td>0x43f8dD13cbd7a055FF8F85A9EC4F7e60c3977E8a</td></tr><tr><td>Platform contribution</td><td>27.6%</td><td>0%</td><td>10</td><td>48</td><td>0x11B110cEDc2D869749B4047eBecd1b036bc92467</td></tr></tbody></table>

## Utility

### Community Governance Participation

MAX holders can actively engage in the governance of the MATR1X community.

* Propose and vote on governance parameters and functionality expansions.
* Participate in proposals and voting for first-party game improvements.
* Vote on operational activities within the MATR1X community..

### Ecosystem Value Capture

MAX tokens provide opportunities to capture value within the MATR1X  ecosystem.

* Share in distributions from the MATR1X  platform treasury.
* Participate in the MATR1X Launchpool.
* Receive airdrops of tokens from other projects on the MATR1X platform.

{% embed url="<https://matr1x.gitbook.io/matr1x-whitepaper/2.-matr1x-platform/game/game-distribution/matr1x-launchpool>" %}

### Participation Rights

MAX grants users exclusive rights within the MATR1X ecosystem.

* Publish games on the MATR1X  platform.
* Compete for club seats.
* Vote on event-related matters.
* Serve as a consumption medium in various ecosystem projects.
* Vote on the specific allocation of MAX in platform contribution part.&#x20;

### Using MAX on MATR1X Network

1. **Staking and Rewards**: MAX tokens enable staking for network security and rewards, providing incentives to token holders who contribute to maintaining the blockchain.
2. **Governance Decisions**: MAX tokens grant holders voting power, allowing them to participate in governance decisions on the MATR1X  blockchain, shaping the future of the network.

## **MAX and ve-MAX**         &#x20;

### **What's ve-MAX**

* ve-MAX is produced by locked MAX tokens
* ve-MAX represents the voting power of MATR1X PLATFORM's governance rights
* The output number of ve-MAX is determined by the number of locked MAX tokens and lock duration
* ve-MAX will have voting rights caps for some specific projects

### **ve-MAX Output Calculation Method**

* x1: the number of locked MAX tokens&#x20;
* x2: Lock duration （Minimum duration: 7 days，Maximum duration: 3 years）
* ve-MAX = x1 \*(x2/3years)   &#x20;

### **Key ve-MAX Application Scenarios**

* Esports Club Seats
* Voting rights in Esports Tournaments
* Vault Allocation: MATR1X Platform profits will be allocated to ve-MAX holders
* Certain Operational and Community Activity Voting
* Pricing token for some NFTs in the marketplace (Coming soon)
* New Game Distribution (Coming soon)
* Participate MATR1X Launchpool (Coming soon)

<figure><img src="https://7161285-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FBlXzVzJAltt2Tt6qmJIT%2Fuploads%2FQXKJiraAxmYf0xNPJIYe%2F4.jpg?alt=media&#x26;token=8c6f94d7-e39b-4578-9cd8-50aee986f38f" alt=""><figcaption></figcaption></figure>