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Token distribution Schedule by 2026
A total of 70,000,000 MBX were initially sold and locked up to a group of strategic partners who are ready to contribute to the MARBLEX ecosystem as of August 2022, and will be unlocked every week for 156 consecutive weeks from March 1, 2023 to February 18, 2026. The remaining 30,000,000 MBX will be converted to marketable quantities of 5,000,000 MBX for a total of 6 times at six-month intervals as of October 1, 2022.
To alleviate potential sales pressure and evenly distribute these marketing allocations, it was decided that 30,000,000 MBX of the 50,000,000 MBX immediately unlocked at TGE would be used first. These will be distributed in March of each year from 2022 through 2026. The remaining 20,000,000 MBX were burned in July 2023 by <Tokenomics Optimization Phase 1: Burning all tokens outside the distribution plan>.
Of the 100 million MBX locked in August 2022, 15,000,000 MBX will be unlocked 13 times every 3 months from April 2023 to April 2026. The remaining 85,000,000 MBX were burned in July 2023 by <Tokenomics Optimization Phase 1: Burning all tokens outside the distribution plan>.
Of the 375,000,000 MBX locked in August 2022, 110,000,000 MBX will be allocated to each service from 2022 through 2026, as shown below.
All upcoming services will be deployed on the MBX chain, and the token symbol of MARBLEX used there is called the MBXL token, which allows users to exchange MBX tokens at an equivalent rate. Accordingly, its value must be equal to one of the MBX tokens. The remaining 265,000,000 MBX were burned in July 2023 by <Tokenomics Optimization Phase 1: Burning all tokens outside the distribution plan>.
1) Contents Community Fund
Enriching the content in the ecosystem means increasing the utility of the MARBLEX token by securing a variety of uses, while also opening up avenues for unique users of the content to enter the MARBLEX ecosystem. The expansion and activation of content will solidify the foundation of the ecosystem in terms of securing stable traffic, which will also have a positive impact on users. The MARBLEX ecosystem is constantly expanding its content, including various games, services, and collaborations with competitive IPs, and in order to activate the MARBLEX ecosystem, a total of 30,000,000 MBXL will be allocated every September from 2022 to 2026, with 2,000,000, 4,000,000, 6,000,000, 8,000,000, and 10,000,000 MBXL allocated sequentially.
2) MBX Community Fund
The MBX Community Fund is utilized as a reward for contributing to the community activation of the MBX token ecosystem. The more active the token ecosystem community is, the more liquidity users are guaranteed. Typical uses include staking services that increase the utility of the token and increase TVL in the ecosystem. A total of 50,000,000 MBX will be allocated every September from 2022 to 2026 to activate the MBX token ecosystem community, and 10,000,000 MBX will be allocated and distributed every year.
3) Liquidity Fund
Through Liquidity Funds, users can guarantee liquidity on various multichains and exchange game tokens and MBXL tokens at any time without any restrictions. The Liquidity Pool, which is operated within each multichain ecosystem, will support the free trading between existing MBX users and promote the expansion of the ecosystem through the influx of new users within the multichain. It will be used for participants who contribute to the revitalization of the ecosystem through the provision of liquidity. To activate this service and the MBX ecosystem, a total of 30,000,000 MBXL will be allocated every September from 2022 to 2026, with 2,000,000, 4,000,000, 6,000,000, 8,000,000, and 10,000,000 MBXL allocated each year.
Of the 300,000,000 locked MBX, 76,372,444 MBX will be allocated from 2022 to 2026 as follows.
- Ecosystem Contributors: 26,372,444 MBX in total
- Burn reserve: 50,000,000 MBX in total
The remaining 223,627,556 MBX were burned in July 2023 by <Tokenomics Optimization Phase 1: Burning all tokens outside the distribution plan>.
Out of a total of 26,372,444 MBX, 8,272,444 MBX will be available for those who wish to contribute and collaborate from a business and technical perspective in defining, designing, and building the MARBLEX ecosystem in its early stages. The amount will be unlocked a total of 12 times every three months from April 2023 through January 2026.
Of the total 26,372,444 MBX, 18,100,000 MBX will be reserved for those who wish to contribute to the development of the MARBLEX ecosystem, such as AMM-based DEX swap services, game token staking services, MBXL staking services, MBX explorer, NFT marketplace, advisory, strategic token swaps, etc. 100,000 MBX were distributed in June 2022, and 2,000,000 MBX will be distributed every six months starting in June 2022, for a total of nine distributions until December 2026.
The tokens allocated to this "burn reserve" are literally the tokens that will be burned. The amount of tokens equal to the rewards that will be distributed to staking partners is scheduled to be burned. 10,000,000 MBX will be allocated each September for a total of 50,000,000 MBX from 2022 to 2026.
**The 'Burn reserve' of 50,000,000 MBX was prepared as a deflationary model to match the portion of the 'Partner' when implementing the inflationary model. However, due to the suspension of the inflation model, the existing 'Burn Reserve' will be utilized for the 'Partner' portion. 'Partner' refers to strategic partners that contribute to the MARBLEX ecosystem, more details on which can be found in the next section.
**The MBX inflation model will be suspended for an undetermined period of time until the market capitalization rate reaches a mature stage, in order to create a robust ecosystem. More details can be found in the announcement below.
**Partner staking reward burns are temporarily on hold due to an indefinite hold on the inflation model. More information about the inflation model hold can be found in the announcement below.