3. MAX Tokenomics
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.
Supply
The initial total supply of $MAX is 1 billion , issued as an ERC-20 token. The contract address is:
0xb7109df1a93f8fe2B8162c6207C9B846C1C68090
Currently, MATR1X has burned 200 Million of MAX, which means that total supply has reduced to 0.8 billion. Breakdown of MAX burned:
50 million from Team & Investors
80 million from Community
70 million from Platform Contribution
Proof of Burn:
Distribution Rules
Allocation
Note: we will keep updating the MAX allocation and unlock plan.
Allocation Shares:
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.
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.
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.
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
Team & Investors
30.0%
0%
12
36
0x730C8d50953cdce346111d6B933F8F225c467901
Community
10.0%
50%
6
36
0x0Af267A32805EE952cbd03822a41E09210F4Be40
Ecosystem
16.0%
30%
6
48
0x8d68f58EB6478cB8B2aDD162e35A47C265ddbcb6
Advisors
1.5%
0%
10
36
0x8D21659C793dd78836eC9eB50abdB63cf79794E7
Early bird activity
5.5%
100%
0
0
0xcEfdC326691B96ADa3Ed82c1e8E90eCc05cDF715
NFT airdrop
9.4%
8%
4
24
0x43f8dD13cbd7a055FF8F85A9EC4F7e60c3977E8a
Platform contribution
27.6%
0%
10
48
0x11B110cEDc2D869749B4047eBecd1b036bc92467
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.
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.
Using MAX on MATR1X Network
Staking and Rewards: MAX tokens enable staking for network security and rewards, providing incentives to token holders who contribute to maintaining the blockchain.
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
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
x2: Lock duration （Minimum duration: 7 days，Maximum duration: 3 years）
ve-MAX = x1 *(x2/3years)
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)
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