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Tokenomics
“We are creating the biggest crypto for the Environment that will grow as the number of players grows. When an investor wins 1 dollar, the climate protection wins 4 dollars”
The MLC has a fixed supply of 1 billion tokens. It is a deflationary token as we plan to burn 2% of repurchased tokens until the total supply reaches 500 millions tokens.
Tokenomics My Lovely Planet
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 40% 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 40% 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.
It will be managed through a "slow wallet" that is locked and controlled by the MLP project. This will allow for funding of adoption initiatives or NGO funding, and will be governed by a 4-week unlock period hard-coded after each withdrawal transaction is initiated on the blockchain. When initiating a withdrawal transaction, the MLP team will announce the purpose of the withdrawal via social media. If MLC holders disagree with the purpose of the withdrawal, they have a 4-week period to sell their MLC before the project can use the withdrawn tokens.
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) in the long term 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.
The Community Reward Treasury represents 21% of the total supply.
The aim of the Community Reward Treasury is 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 mini games
- Buying exclusive skins or props to decorate you 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.
The Community Treasury
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 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).
50M MLC tokens were made available for sale during a private sale (5%).
My Lovely Planet sold 28m MLC tokens during Private Sale, and burned 20m.
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.
The remaining unsold tokens will be allocated to the public sale.
70M MLC tokens were made available for sale during a public sale (7%).
This wallet will be managed by a dedicated vesting contract.
Investors had the option to choose from 5 different vesting periods that offered bonuses.
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.
If tokens are not sold, they will be allocated to the Liquidity wallet.
At launch, only 6.000.000 of tokens will be released which represents the initial circulating supply. The token supply will remain constant during the first 3 months following the TGE.
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
- Burn address (we plan to burn 2% of MLC bought back until supply reach 500M of tokens MLC)
The % allocation between the 2 first wallets is yet to be determined and will depend on the needs
An initial set of 8% of the total supply is allocated to the MLP operational fund.
This fund is going to be used to pay operational expenses, developers, marketing operations, etc.
The MLP Team wallet will not be accessible until 18 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.
An initial set of 2% 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.
Category
Environnemental Treasury
% of Total Supply
40%
Tokens
400 000 000,00
Usage
Finance NGO funding
TGE Release
None
Cliff (Lock-up)
12 months
Vesting | Trajectory
Quarterly over 72 months
Category
Community Reward Treasury
% of Total Supply
21%
Tokens
210 000 000,00
Usage
Autonomous portfolio managing the distribution of rewards for each feature
TGE Release
None
Cliff (Lock-up)
None
Vesting | Trajectory
Following reward release calendar
Category
Advisors
% of Total Supply
2%
Tokens
20 000 000,00
Usage
Dedicated contract for Advisor providing added value to the project
TGE Release
None
Cliff (Lock-up)
18 months
Vesting | Trajectory
1/10 every 6 months
Category
Private Sale
% of Total Supply
5%
Tokens
50 000 000,00
Usage
Contract dedicated to the private and public sale of the $MLC token
TGE Release
5,00%
Cliff (Lock-up)
3 months
Vesting | Trajectory
Linearly over 21 months
Category
Public Sale
% of Total Supply
7%
Tokens
70 000 000,00
Usage
5,00%
TGE Release
Linearly over 9/15/21/27/33 months
Cliff (Lock-up)
Vesting | Trajectory
Category
Operational Fund
% of Total Supply
8%
Tokens
80 000 000,00
Usage
Finance future developments in the ecosystem
TGE Release
None
Cliff (Lock-up)
3 months
Vesting | Trajectory
1/80 over 80 months
Category
Liquidity
% of Total Supply
2%
Tokens
20 000 000,00
Usage
Initial portfolio to provide liquidity on DEX/CEX
TGE Release
None
Cliff (Lock-up)
None
Vesting | Trajectory
No vesting
Category
MLP team
% of Total Supply
15%
Tokens
150 000 000,00
Usage
Wallet dedicated to the project team
TGE Release
None
Cliff (Lock-up)
12 months
Vesting | Trajectory
Quarterly over 72 months
Category
Total
% of Total Supply
100%
Tokens
1 000 000 000,00
Usage
TGE Release
Cliff (Lock-up)
Vesting | Trajectory
My Lovely Coin distribution
*The distribution of tokens from the "community reward treasury" is not yet fixed. It will depend on the reward needs across different products.
Last modified 12d ago