$MBAGS Tokenomics
Here we outline the role $MBAGS plays within Moonbags and its link to SolPod
Last updated
Here we outline the role $MBAGS plays within Moonbags and its link to SolPod
Last updated
A service fee is taken upon use of the product, unless eligible for reductions (explained below). The service fee revenue generated is split into 66% as a revenue stream for Moonbags' incubation (Team allocation, Dev and Marketing budget), 17% as a revenue stream for SolPod and 17% for buyback-burns of $MBAGS. This makes $MBAGS delfationary, the more popular Moonbags becomes, the more tokens will be burnt = more positive price action!
$MBAGS will also be used to give a reduction in fees when using the Moonbags app. Holders of $MBAGS will receive a 30% reduction in dApp fees.
20% of service fee revenue is used for referral payouts. Please see our section to see full details on the referral system benefits.
