đĒ$MOFI Token
A multichain and play to earn token.
Introduction
Monster Fight (monsterfi.io) in-game P2E rewards and governance token.
MOFI token is primarily issued on WAX blockchain and it will be available as ERC20 token with multi-chain liquidity. The initial chains under consideration are BSC, Polygon and Terra. Team can change the plan after technical due diligence and bridges cost definition.
Players in the Monster Fight game will be able to earn MOFI tokens by playing the game in Adventure mode as well as the PvP Arena and by staking to governance or other liquidity incentive programs.
Private sale of the $MOFI token, please contact us via email at Monsterfigame@gmail.com.
Public Token Information
Multichain Token Liquidity
To provide better liquidity to MOFI tokens for game players to convert to various liquid cryptocurrencies, the game will allow withdrawing MOFI token to multiple blockchains. And there will be LP rewards available to encourage liquidity provisions on various blockchains (this can be governed by MOFI token holders at token launch and voted for). Initial chains considered are as follows:
Binance Smart Chain (SushiSwap - BSC)
Polygon (SushiSwap - Polygon)
Terra (TerraSwap)
Token Distributions
Total supply of MOFI tokens will be 100 million. MOFI token holders will be able to vote for major reward rates by staking MOFI tokens to governance contracts. The key parameters that can be governed will be rewards rate for MOFI tokens in game-play, staking and LP rewards for MOFI token pools.
MOFI token distribution at TGE (Token Generation Event) is as follows:
| Token amount | Supply | % | |
|---|---|---|---|
Play to Earn | 50,000,000 | 50 | In-game rewards |
Staking Rewards | 20,000,000 | 20 | Governance and LP staking rewards |
Team Tokens | 10,000,000 | 10 | Locked and released over 2 years period |
Ecosystem Funds | 10,000,000 | 10 | LP provisions and other rewards for ecosystem building |
Private Sale | 8.000.000 | 8 | Locked and released over 2 years period |
Public Sale | 2,000,000 | 2 | Unlocked |
Play to Earn
Each user can win MOFI tokens by playing the game in adventure mode and PvP. The earning potential increases for the user as monsters are leveled up over time.
| Level | MOFI reward per win | EXP per win |
|---|---|---|
1-5 | 0.1 MOFI | 10 |
6-10 | 0.2 MOFI | 20 |
11-15 | 0.4 MOFI | 40 |
16-20 | 0.6 MOFI | 60 |
21-25 | 1 MOFI | 100 |
Token Roadmap
Q1 - Token Sale (Feb / March)
Q1 - Staking Starts (Feb)
Q1 - P2E Starts (March)
Q2 - LP Rewards for Cross Chain Liquidity
Breeding Cost
Each Monster can breed 7 times before it becomes sterile. Two monsters are needed to breed a new monster and the class and traits of the newborn monster depend on each of the parents. Eggs from breeding go through 21 days of hatching period and can be incubated to reduce to 10.5 days. MOFI tokens are paid by players who breed monsters and are paid per parent based on their breed count.
| Breed Count (Parent) | MOFI cost per Parent | Exceptions |
|---|---|---|
1 | 50 | *No cost for first breeding count of genesis Monsters |
2 | 150 | |
3 | 250 | |
4 | 350 | |
5 | 500 | |
6 | 1000 | |
7 | 2000 |
MOFI Staking
MOFI token can be staked to participate in voting certain game configuration and governance parameters. To incentivize participation by community, there will be MOFI token rewards reserved for staked tokens.
Staking share of each MOFI token holder defines the voting weight and rewards share. There will be an annualized yield displayed on the MOFI token page. Please note that it is not a guaranteed yield and it varies each week based on total amount of tokens staked by community.
To be eligible for staking reward, one needs to stake before start of epoch (weekly). Any amount unstaked during the epoch will forfeit the rewards for that epoch for the user.
First epoch for MOFI Staking reward issuance will start on Mar 15, 2022 at 00:00 UTC.
MOFI LP staking
MOFI LP tokens can be staked to participate in liquidity incentives for MOFI on decentralized exchanges.
First LP token that is enabled for liquidity incentives is MOFIWAB (Alcor exchange LP token for MOFI/WAX pair)
First epoch for MOFI LP staking reward for MOFIWAB will start on Mar 22, 2022 at 00:00 UTC.
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