💎Tokenomics
“We are creating the biggest crypto for the Environment that will grow as the number of players grows.”
MLC has a fixed supply of 350 million tokens.
It is a deflationary token as we plan to burn 2% of repurchased tokens until the total supply reaches 300 million tokens.
Important metrics
✅ Total Supply: 350 million MLC
✅ Listing price: $0,1
✅ Listing date: June 25, 2024
✅ Maximum Listing Market Cap: $590k without liquidity
✅ Maximum listing FDV: $35m
✅ Team is vested 6 years with 1 year cliff
✅ Advisors: Sebastien Borget (CEO The Sandbox), Ledger top management
Environmental Treasury (28%)
Number of tokens: 98,000,000 MLC
TGE Release: 0%
Cliff (month): 12
Vesting (month): 72
The Environmental Treasury will be exclusively used to fund environmental initiatives that align with My Lovely Planet's three primary objectives.
Our team will be responsible for identifying and cultivating these projects, while players will have the final say in which causes they choose to support. For additional information, please refer to the following environmental protection section.
In the long-term, MLC holders will have the power to decide which environmental cause will receive funding from the Environment Treasury with a DAO.
As an example, if a player plants trees on their island, My Lovely Planet will sell MLC tokens to finance reforestation projects.
For further details, kindly refer to the following “Vision” section.
The Environmental Treasury comprises 28% of the total supply of MLC.
Selling process of MLC from the Environmental treasury for partner NGO's
To prevent the Environmental Treasury from exerting a constant selling pressure on the market we have decided to implement strict rules for selling MLC from the Environment Treasury.
First rule: Managing the initial 28% very wisely
The Environmental Fund will not be accessible until 12 months after the Token Generation Event (TGE) and will be vested over a period of 6 years.
One very important thing to know is that leading environmental projects take time on the ground. You do not need one big amount of money at once but a steady flow of money.
Our first priority is to finance projects efficiently without disturbing the MLC price.
One rule is that we will never sell more than a fixed percentage of the total capitalization market each month. We put this percentage at 0,1% but it will be decided in the future by the environmental DAO (see next part). The second rule is that if we sell it, depending on the project field needs, we are going to give it according to what players do in the game.
Second rule: DAO and community voting.
We aim to establish a decentralized autonomous organization (DAO) to manage the Environmental Treasury. The DAO will be responsible for voting on which NGOs will receive funding or suggesting new NGOs to be supported by the fund.
Community Reward Treasury (19%)
Number of tokens: 66,500,000 MLC
TGE Release: 0%
Cliff (month): 12
Vesting (month): 72
The Community Reward Treasury represents 19% of the total supply.
The Community Reward Treasury aims to incentivize a diverse range of MLC holders to participate in My Lovely Planet and earn MLC rewards. These tokens ensure a flourishing and enduring community treasury that rewards all stakeholders of the ecosystem.
MLC holders can be players of My Lovely Planet, investors, and all future consumers of My Lovely Planet future products.
Technically, the Community Reward treasury will be implemented as an ultra-flexible smart contract, which can incorporate a variety of features that provide access to rewards.
As mentioned earlier, a portion of in-app revenues will be utilized to buy back MLC tokens and allocate them to this portfolio.
We envision using this portion of the issuance to reward key behaviors within our ecosystem such as:
Participating in casual games
Buying exclusive skins or props to decorate your island and avatar
Engaging in exclusive events
Staking MLC tokens for passive income
Purchasing / Trading virtual goods or NFT Assets
Utilizing upcoming MLP products that have yet to be announced.
Why Play and Earn and not just Play to Save ?
At My Lovely Planet, we firmly believe that we can make a significant positive impact on the planet while also rewarding our players. This mission is essential for our growth and sustainability.
Rather than creating a traditional non-profit organization that relies on subsidies and donations, we aim to create a sustainable business model that benefits both our stakeholders and the planet.
Advisors (2%)
Number of tokens: 7,000,000 MLC
TGE Release: 0%
Cliff (month): 18
Vesting (month): 60
Advisors will have 2% of the total supply given according to the vesting schedule.
This wallet will be managed by a dedicated vesting contract, with access to the tokens limited until a period of 18 months (cliff). After the cliff period, the tokens will be released every 6 months at a rate of 10% (vesting).
Private Sale (10%)
Number of tokens: 35,000,000 MLC
TGE Release: 5%
Cliff (month): 3
Vesting (month): 21
35m MLC tokens were made available for sale during a private sale (10%).
This wallet will be managed by a dedicated vesting contract.
5% will be accessible at Token Generation Event (TGE)
After a 3-month cliff period, the tokens will be gradually released to investors on a daily basis over the course of 2 years through linear vesting.
A commmunity vote has decided in January 2024 to sell the unsold tokens from the private sale during the public sale.
Public Sale (14,6%)
Number of tokens: 51,000,000 MLC
TGE Release: 5%
Cliff (month): 3
Vesting (month): 9 to 33 chosen by users / Average : 15 months
Initially 35m MLC tokens were made available for sale during a public sale (10%).
A community vote has decided in January 2024 to reallocate 16 million tokens from the operational fund in the public sale.
This wallet will be managed by a dedicated vesting contract.
5% will be accessible at Token Generation Event (TGE).
After a 3-month cliff period, the tokens will be gradually released to investors on a daily basis, in accordance with the selected vesting period of each investor.
7 million tokens have been allocated to airdrop with the same vesting which is 5% at TGE, 3 month cliff and 9 months vesting
If tokens are not sold, they will be allocated to the Liquidity wallet.
Treasury wallet (0% initial allocation)
This wallet has no initial amount of MLC tokens. It will act as a temporary storage for MLC tokens purchased through the revenue (85% from in-app purchase and 5% from Ads). These tokens will be held in this wallet before being distributed to three different wallets:
The Operational Fund
The Community Reward Treasury contract
Initialy, 2% were supposed to be burned to reach 500 millions tokens but as the decision were made to reduce supply to 350 million tokens, the burning will take place to reach 300 million tokens
The percentage allocation between the first 2 wallets is yet to be determined and will depend on the needs
MLP operational fund (4,14%)
Number of tokens: 14,500,000 MLC
TGE Release: 0%
Cliff (month): 3
Vesting (month): 80
Initially, a set of 9% of the total supply was allocated to the MLP operational fund.
A community vote has decided in January 2024 to reallocate 16 million tokens from the operational fund in the public sale.
This fund is going to be used to pay operational expenses, developers, marketing operations, etc.
MLP Team (15%)
Number of tokens: 52,500,000 MLC
Vested for 6 years, 1 year cliff
TGE Release: 0%
Cliff (month): 12
Vesting (month): 72
The MLP Team wallet will not be accessible until 12 months after the Token Generation Event (TGE) and will be vested over a period of 6 years quarterly.
This pool is utilized to incentivize and retain the team members who play a vital role in driving the success of this ambitious and complex project. We believe that having the best talents in their respective fields is crucial for achieving our goals.
KOL ROUND (2,29%)
Number of tokens: 8,000,000 MLC
Vested for 15 months years, 2 months cliff
TGE Release: 20%
Cliff (month): 3
Vesting (month): 15
The KOL round is used to onboard main crypto KOL like Lady of Crypto, Carl the Moon, House of Crypto, etc. We used this pool so that KOL would be incentivised to communicate about the token rather than paying for marketing.
Liquidity (5%)
Number of tokens: 17,500,000 MLC
TGE Release: 100%
Cliff (month): 0
Vesting (month): 0
An initial set of 5% of MLC will be set in a liquidity pool (+ remaining unsold tokens from public sale). We are currently evaluating various decentralized and centralized exchanges (DEX/CEX) to manage the liquidity of MLC tokens.
Vesting schedule
Environnemental Treasury
28%
98,000,000
Finance NGO funding
None
12 months
Quarterly over 72 months
Community Reward Treasury
19%
66,500,000
Autonomous portfolio managing the distribution of rewards for each feature
None
12 months
Quarterly over 72 months
Advisors
2%
7,000,000
Dedicated contract for Advisor providing added value to the project
None
18 months
1/10 over 60 months
Private Sale
10%
35,000,000
Contract dedicated to the private and public sale of the $MLC token
5,00%
3 months after initial 5% release
Linearly over 21 months
Public Sale
14,6%
51,000,000
5,00%
Linearly over 9/15/21/27/33 months
3 months after initial 5% release
1 to 3 years
Operational Fund
4,14%
14,500,000
Finance future developments in the ecosystem
None
3 months
1/80 over 80 months
Liquidity
5%
17,500,000
Initial portfolio to provide liquidity on DEX/CEX
None
None
No vesting
MLP team
15%
52,500,000
Wallet dedicated to the project team
None
12 months
Quarterly over 72 months
Total
100%
8,000,000
KOL Round to push the Token
20%
3 months
15 months
Total
100%
350,000,000
Note: Maximum marketcap at launch = 590.000$ (apart from liquidity)
Token release planning:
As public sale buyers can choose which vesting they want between 1 year and 3 years, we cannot for the moment give the precise release planning. It will be released once the last public sale is over.
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