Tokenomics

“We are creating the biggest crypto for the Environment that will grow as the number of players grows.”

Last updated 2 months ago

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 230 million tokens.

This supply was reduced from 1 billon to 350 million and then to 230 million tokens after a token burn on January 21th 2025.

This token burn - reducing the total supply by more than 34% - was a bold and strategic. It drastically improved the tokenomics of MLC while proving that My Lovely Planet doesn't need to sell (and dump) MLC for its revenues.

Our revenues are organic, coming directly from Web2 and Web3 players in the game.

MLC is a deflationary token as we plan to burn 2% of repurchased tokens until the total supply reaches 100 million tokens.

Important metrics

✅ Total Supply: 230 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 (15,22%)

Number of tokens: 35,000,000 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.

The Environmental Treasury comprises 15,22% of the total supply of MLC.

Selling process of MLC from the Environmental treasury for partner NGOs

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 15,22% 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.

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 (7,39%)

Number of tokens: 17,000,000 MLC

TGE Release: 0%
Cliff (month): 12
Vesting (month): 72

The Community Reward Treasury represents 7,39% 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.

Advisors (3,04%)

Number of tokens: 7,000,000 MLC

TGE Release: 0%
Cliff (month): 18
Vesting (month): 60

Advisors will have 3,04% 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 (15,22%)

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 (15,22%).

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 community vote has decided in January 2024 to sell the unsold tokens from the private sale during the public sale.

Public Sale (22,17%)

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 private sale (15,22%).

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. These tokens will be held in this wallet before being distributed to three different wallets:

The Operational Fund
The Community Reward Treasury
Initialy, 2% were supposed to be burned to reach 500 millions tokens but as the decision were made to reduce supply to 230 million tokens, the burning will take place to reach 100 million tokens

The percentage allocation between the first 2 wallets is yet to be determined and will depend on the needs

MLP operational fund (3,04%)

Number of tokens: 7,000,000 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 (22,83%)

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 (3,48%)

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 (7,61%)

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

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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Last updated 2 months ago