[ANN] MBX TOKEN DISTRIBUTION SCHEDULE BY 2026
※ This document was initially published on August 5, 2022. Its latest version will be provided in our Docs.
Here’s what you should be aware of the whole plan of token distribution by 2026.
Through this article, you’ll be able to predict how many tokens are going to be distributed in the market. Not all tokens will not be released at a time but a fraction of the total supply will be in circulation by 2026 according to the plan you can find below. Some tokens currently left locked will be unlocked to be in circulation according to the plans. (Refer to the top of the graph) In addition, the staking and fee burn model, which is one of the main contents in the MBX ecosystem, is expected to exert a strong effect of suppressing/reducing circulation. (Refer to the bottom of the graph) We hope that this article gives you more insight into how we envision the ecosystem to develop and grow.
Please read the summary with the details for the schedule of the token distribution below:
(Please note that this distribution schedule may be subject to change if the issues and/or policies of relevant services take place.)
1. Token Sales (100,000,000 MBX)
70,000,000 MBX in total has been sold in the first round to a group of strategic partners who are ready to contribute to the MARBLEX ecosystem at the time of writing. They all have been currently left locked since the sale, and are scheduled to be unlocked every week from Mar 1, 2023 to Feb 18, 2026 for 156 consecutive weeks. As of the time of writing, the remaining 30,000,000 MBX will be converted into saleable quantities of 5,000,000 MBX for a total of 6 times at 6-month intervals as of October 1, 2022.
2. Marketing (50,000,000 MBX)
Out of the 50,000,000 MBX that was sequentially unlocked following TGE, it was decided that 25,000,000 MBX be used first in order to mitigate potential pressure selling and to evenly distribute marketing allocations. These are scheduled to be distributed every March from 2022 through 2026. There is no specific use plan yet for the remaining 25,000,000 MBX at the time of writing. This will be shared through a separate announcement once decisions are made.
*Sections containing erroneous quantitative data or text that may be prone to misinterpretation have been revised. (December 12, 2023)
3. Team (100,000,000 MBX)
15,000,000 MBX out of 100,000,000 currently kept locked will be unlocked every 3 months 13 times in total from Apr 2023 to Apr 2026. There is no specific use plan yet for the remaining 85,000,000 MBX right now; the newly updated use one will be shared through the separate notice once its plan is decided.
4. Community Fund (375,000,000 MBX)
110,000,000 MBX out of 375,000,000 currently kept locked are scheduled to be allocated to the respective services from 2022 to 2026 as below:
– Game Token activation amount: 30,000,000 MBX in total
– MBX Token activation amount: 80,000,000 MBX in total
All services to be launched are supposed to be deployed on the MBX chain, and the token symbol of MARBLEX used there is called MBXL tokens with which users can exchange MBX tokens at an equivalent ratio. Its value must be equal to one of MBX tokens accordingly. There is no specific use plan yet for the remaining 265,000,000 MBX right now; the newly updated use one will be shared through the separate notice once its plan is decided.
1) Game Token Staking Service (Allocation within the Game Token activation amount)
The share ratio-based game token staking service is supposed to be publicly launched in the second half of this year. Anyone who stakes game tokens of his/her own there can get MBXL tokens as incentives in proportion to the percentage of shares. Basically, this service is designed to be operated on a seasonal basis and its details are soon to be posted through the separate notice before the service officially begins. In order to make this service and the MARBLEX ecosystem brisk in the end, 30,000,000 MBXL in total will be allocated every Sept from 2022 to 2026–2,000,000, 4,000,000, 6,000,000, 8,000,000, and 10,000,000 MBXL allocated respectively every year, and they aim to be distributed to the eligible users.
2) MBXL Staking Service (Allocation within the MBX Token activation amount)
The share ratio-based MBXL staking service is going to be publicly launched in the second half of this year. Anyone who stakes MBXL can be rewarded in proportion to the percentage of shares, and additional incentives would be also expected should s/he keep staking for a long time. Its details are planned to be posted through a separate notice before the service officially begins. To make this service and MBX ecosystem brisk in the end, 50,000,000 MBXL in total will be allocated every Sept from 2022 to 2026–10,000,000 MBXL allocated every year, and they intend to be distributed to the eligible users.
*Sections containing erroneous quantitative data or text that may be prone to misinterpretation have been revised. (February 8, 2024)
3) AMM-Based DEX Swap Service (Allocation within the MBX Token activation amount)
The AMM-based DEX swap service is going to be publicly launched in the second half of this year. This service enables users to exchange game tokens and MBXL tokens at any time without limitation. More importantly, promotional campaigns and some incentives are ready for the future liquidity providers and contributors to this service. Its details are planned to be posted through a separate notice before the service officially begins. To make this service and MBX ecosystem brisk in the end, 30,000,000 MBXL in total will be allocated every Sept from 2022 to 2026–2,000,000, 4,000,000, 6,000,000, 8,000,000, and 10,000,000 MBXL allocated respectively every year, and they aim to be distributed to the eligible users.
※ In the case the amount allocated for the above contents is not fully distributed, it may be allocated to additional contents and plans for the Game Token and the MBX token activation.
5. Ecosystem (300,000,000 MBX)
76,372,444 MBX out of 300,000,000 currently kept locked are scheduled to be allocated from 2022 through 2026 as following:
- Ecosystem Contributor: 26,372,444 MBX in total
- Reserves To Be Burned: 50,000,000 MBX in total
There is no specific use plan yet for the remaining 223,627,556 MBX right now; the newly updated use one will be shared through the separate notice once its plan is decided.
1) Ecosystem Contributor
8,272,444 MBX out of 26,372,444 in total are to be used for those who are willing to contribute to and cooperate in the perspective of business and technology in defining, designing, and building the MARBLEX ecosystem at an initial stage. They are scheduled to be unlocked every 3 months 12 times in total from Apr 2023 to Jan 2026.
18,100,000 MBX out of 26,372,444 in total are supposed to be used for the contributors to the development of MARBLEX Ecosystem — AMM-based DEX Swap Service, Game Token Staking Service, MBXL Staking Service, MBX Explorer, NFT marketplace, advisory, Strategic Token Swap, etc. They are designed to be used every half year from June 2022 through Dec 2026–100,000 MBX already distributed last June, and 2,000,000 MBX to be distributed every 6 months 9 times in total.
2) Reserves To Be Burned
The tokens allocated to this “Reserves To Be Burned” are literally about the ones to be burned — the same amount of tokens as the rewards distributed to the stakeholders, the partners are going to be burned. 10,000,000 MBX will be allocated every Sept from 2022 through 2026–50,000,000 MBX in total. For the details about how it works, please refer to the Inflation and Deflation section below.
6. Inflation
Pending the MBX Inflation Strategy [Updated 12/15 (UTC+9)]
The MBX team has disclosed that starting at the end of the year 2022, inflation is to be set for 1 MBX per 1 block in addition to the initial issuance of 1,000,000,000 MBX stated in the original whitepaper.
As it is the end of the year 2022 with inflation scheduled for implementation, the MBX team has inspected its internal ecosystem prior to implementing the inflation. The findings were that the ratio of market circulation to initial MBX distribution has not reached its maturity stage and the ecosystem activation using the issued volume was still needed to progress.
Therefore, the MBX team will retain the current staking and fee burn model but temporarily hold MBX inflation implementation.
Rather than increasing the issued amount withstanding the distribution pressure by moving forward with prearranged inflation, the MBX team will continue its operation with the existing MBX circulation. Inflation will not be executed until the existing MBX circulation reaches the saturation point. Future Inflation might be progressed by reasonable demand as the MBX ecosystem expands from a long-term perspective. However, the MBX team will disclose the operation plan at least a month in advance for transparency purposes
Due to temporary inflation pending, the ecosystem matching reward reserve burning amount will be used for the distribution of resources equivalent to 40% of the existing inflation amount, which was set as a long-term partner reward source.
In addition, no additional resources will be allocated for ‘Treasury’ and ‘Maintenance’ for the long-term development and operation of the ecosystem.
※ Reserves To Be Burned = Quantity allocation that is to be automatically burned for offsetting the inflation pressure with the same quantity equivalent to partner rewards payments.
<The previous version>
* The Inflation startegy below is temporarily not in operation.Once the staking service begins, 1 MBX token is going to be newly issued per block through the inflation functionalities — currently, it takes around 1 second to generate 1 block on the Klaytn main network. Around 31,536,000 MBX in total — 60 seconds × 60 seconds × 24 hours × 365 days — are expected to be newly issued every year; please be aware that the exact amount of tokens to be issued may be slightly different because of the network status. The newly issued tokens will be distributed to be used as follows:
- Partner (40%) is the reserves of the tokens allocated for the eligible strategic partners that contribute to the MARBLEX ecosystem. They are the persons who are willing to contribute to the MARBLEX ecosystem in the perspective of business and technology. Whatever they are going to do for the MARBLEX ecosystem will be able to have a positive impact on its development and expansion. There’s going to be the remaining tokens after the end of allocated token distribution, and they all will be burned with the ones of “Reserves To Be Burned” coming out of the Ecosystem Fund aforementioned;
- Treasury (35%) is the reserves of the tokens allocated for long-term growth and ecosystem operation. They will not belong to any certain party, but aim to be used only for the purpose of maintaining the ecosystem. These tokens will be reserved securely locked right after they are issued. There is no specific use plan about it yet; the newly updated use one will be shared through the separate notice once its plan is decided; and
- Maintenance (25%) is the reserves of the tokens allocated to make the operation of the MARBLEX project and its service stable. These tokens are going to be stored securely locked immediately after they are issued as did the “Treasury” — they would be unlocked only if the plan on when and how to use them is complete. The necessary amount of tokens will be calculated based on the operating funds needed to achieve the first round of road map scheduled in the White Paper from the short-term perspective, and the next one for broader ecosystem expansion. The separate notice about it will be released with the details.
7. Token Deflation Model
- Partner Staking Reward Burn
As explained above, the rewards for partner staking will be distributed from the ‘Partner’ section of the inflation, but the exact amount distributed as partner rewards is burned from the “Reserves to be burned” in the ecosystem fund. In the event that there are unpaid “partner” rewards due to a lack of partner staking activation, the unpaid amount will be burned. In order to mitigate the potential selling pressure in the market, the deflationary functionalities get ready to work as soon as the ones of inflation are enabled. The same amount of MBX tokens as the incentives distributed to the stakeholders, the partners aim to be burned out of the Reserve To Be Burned of Ecosystem Fund. For your information, below is the example on how the burning mechanism works:
i) in case that 3,000,000 MBX are to be distributed to the stakeholders, the partners, the same amount as tokens left undistributed together will be burned as below; and
ii) in case that 10,000,000 MBX are to be distributed to the stakeholders, the partners, the same amount as tokens left undistributed together will be burned as below.
8. Fee Burning
50% of tx fees incurred within the MBX chain are burned on a regular basis. Tx fees are charged to users whenever they:
i) exchange the game tokens with the MBXL tokens through the DEX;
ii) replace the MBXL tokens with the MBX tokens through the bridge;
iii) stake some tokens through the staking service; and
iv) use other services provided within the MBX chain according to terms of service respectively.
Accrued tx fees are scheduled to be burned regularly, news of which will be posted to the public on a quarterly basis. The total tokens burned have been 2,952.2018 MBX until now — 1.51 MBX this March, and 2,950.6918 MBX this June respectively. More and more tokens are expected to be burned since there is going to be an increase in the size of tx fees accumulated as the ecosystem grows according to the future roadmap of MBX.
Get to know MARBLEX
MARBLEX (MBX) is a game-based blockchain service company that aims to bring the highest quality blockchain games to market than any other company by producing AAA titles. A well-established company with over 6,000 collaborative employees, including game industry veterans and blockchain technology experts from across the globe. By providing services such as a cryptocurrency wallet, decentralized exchange, token staking, and NFT Marketplace, MARBLEX (MBX) allows users to experience an optimal blockchain-based game ecosystem.
Live games under MARBLEX Service
<A3:STILL ALIVE>
<Ni no Kuni: Cross Worlds>
Upcoming games under MARBLEX Service
<Monster Arena>
<King of Fighters Arena>
<Let’s Get Rich: Meta World>
MARBLEX Official Discord Link:
> https://twitter.com/MARBLEXofficial
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> EN: https://t.me/MARBLEX_official_ENG
> JP: https://t.me/MARBLEX_official_JP
> TH: https://t.me/MARBLEX_official_TH
> TW: https://t.me/MARBLEX_official_TC
MARBLEX Official Twitter:
> https://twitter.com/MARBLEXofficial
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> https://www.facebook.com/MARBLEXplayground
