DeFi Powered token to liquidize NFTs, enable staking, liqudity mining and yield farming in the MegaCryptoPolis.

Oct 20 · 5 min read

Finally MCP3D going DeFi to empower the Microeconomy with the native ERC-20 Token as described in the $MEGA Token Paper.

Image for post — The Bank and custom buildings for the decentralized city.

Players will be able to receive $MEGA Token in the MegaCryptoPolis by locking Resources in the Vault. $MEGA can be used in several different ways.

Total supply of the $MEGA Token is fixed and will not be changed over time — no Mint() or Burn() functions exist in the smart contract — that makes no way to create or destroy $MEGA Tokens.

1'000'000 $MEGA (ERC-20) on the Ethereum Network
1'000'000 $MEGA (TRC-20) on the TRON Network

No new tokens will be released on these networks, ever.

Using $MEGA

A) Yield

Play the game to get $MEGA:

Lock Resources in the Vault to get $MEGA
Exchange one Resource to another on a single chain
(swap Wood to Sand on Ethereum)
Release Resources from the Vault using $MEGA

B) Cross-chain value

Transfer Resources between networks using $MEGA:

Swap any Resource to $MEGA on Ethereum
Exchange $MEGA on Ethereum to $MEGA on TRON
Swap $MEGA to any Resource on TRON

C) Governance

Using $MEGA to vote for decisions on game development milestones and adjustments in the game brings real politics in the MegaCryptoPolis.

D) Storage of Value

Presumably, $MEGA Token can be also used as a storage of value (to HODL) and a protection from Resources prices fluctuation.

C) Earn Fees

Provide liquidity by adding $MEGA to pools on UniSwap, Balancer (Ethereum) or JustSwap (TRON Network).

Exchange Rates

Initial rates for $MEGA ↔ Resources swaps are defined as 6–9 months average market prices (as reported in the “MCP Times” Newspaper) adjusted by production ratios and cost of goods (Resources consumed) methods.

Please note these figures could still be changed before the launch with or without any proper notice.

That means 10 Bricks will make you 1 $MEGA Token when first deposited to the Vault, while 1 Concrete is required to get 3 $MEGA. The next swap may already have another rate as adjusted by the Vault.

Every operation in the Bank includes commission in $MEGA, initially set as:

3.5% when depositing Resources to the Vault;
0% when $MEGA deposited to claim Resources from the Vault.

These commissions may be adjusted over time, and may vary on chains.

Half of the commission will go to the $MEGA Fund, another part — to the Bank. $MEGA from the Fund will be distributed between players through new game mechanics (like $MEGA Corporations). The Bank may be used for marketing purposes, as a reward for the team and the players, and also as an insurance for any case of unexpected events.

$MEGA Corporations *

The Fund will aggregate $MEGA from operations in the Vault to be distributed then daily in 1/365 ratio between all Corporations in the game. $MEGA can be claimed by a Corporation Founder or a Partner.

Each Corporation will receive its share in the Fund depending on the total amount of Influence Points from all the buildings in the range of all the Landmarks assigned to a Corporation.

Each Founder or a Partner will be able to claim an amount of $MEGA from the Corporation share in the Fund depending on his share in that Corporation.

That will balance Points of Interest and bring the power for Corporations.

$MEGA for District Owners *

Presumably, District Owners will be able to set taxes for Corporations on their territory to collet a part of $MEGA from the Fund. That might be a motivation to have POIs constructed in the District as negotiated with Corporations.

Free-to-Play “World” Concept and $MEGA *

$MEGA will be also used in the free-to-play “World” upgrade for the decentralized city. Custom Buildings construction will require a set of different Resources, including new ones like Branches and Nails.

Most of these new Resources could be acquired in the free-to-play mode by completing missions on a daily basis, some of them could be received (only) using $MEGA.

Most importantly, that concept will allow to purchase F2P Resources from daily casual players using $MEGA on the open market. Matic Network scalability solution will allow that to happen seamlessly for the “World” player.