MLC Utility Token
Last updated
Last updated
$MLC is at the core of our Play & Earn and Gaming Fee Switch model. It provides real utility and sustainable economic incentives for players.
Unlike traditional Play-to-Earn models that rely solely on token emissions, our Play & Earn system is designed to balance in-game utility, staking rewards, and real demand drivers to ensure long-term viability. The vast majority of players plays My Lovely Planet because it's fun and for it's environmental mission. These players are going to do IAP which are going to be redistributed to the community thanks to the gaming fee switch and play&earn mechanism
Players can stake $MLC from their in-game wallet with a single click, initiating a passive earning system where staked tokens generate Diamonds—the in-game currency—each minute. Players must actively tap and collect these Diamonds.
Players can earn Diamonds in two ways:
By staking $MLC, generating Diamonds passively each minute.
By actively playing the game, earning Diamonds when completing levels and missions.
Diamonds are 100% free, and can't be bought or lost.
To enhance strategic resource management, the game features a Cauldron mechanic. The Cauldron gradually fills up with Diamonds over time, requiring players to interact periodically to maximize their rewards.
Once the cauldron full, it stops accumulating more diamonds until the player collects them.
Players can upgrade the Cauldron with fiat to increase its capacity. By upgrading, players extend their earnings without interruption, maximizing their staking rewards.
Players can convert Diamonds into $MLC if they have at least $100 worth of staked MLC and a minimum amount of Diamonds required for conversion.
This is KEY to ensuring long-term commitment of players to the ecosystem and preventing speculative farming.
Additionally, players can purchase $MLC directly with a credit card via Transac, providing a seamless fiat on-ramp that enhances accessibility and liquidity within the ecosystem.
Players can earn Diamonds by inviting friends or becoming a referral, but both the referrer and the referred must reach Level 20 before they can claim rewards.
This system ensures that only active players benefit, preventing bot abuse and incentivizing real engagement.
By requiring progression before unlocking rewards, the referral program strengthens the game economy, enhances player retention, and creates a more sustainable growth model.
Our goal is to become one of the top 30 cryptocurrencies in terms of market capitalisation, which as of December 2023 is 2.8 billion dollars. Achieving this would mean that we have created an Environmental Treasury worth more than $800 million in just a few years.
This is how My Lovely Planet plans to leverage the potential of cryptocurrency and gaming to make a positive impact on the planet.
$MLC holders will be able to vote for which project to be financed through a DAO.
