Tokenomics
MCT
MCT is a utility token used for transactions within the Muverse app. MCT is earned by interacting with music.
Total Supply
The supply of MCT is unlimited and distributed to users as an in-app reward.
Application Scenarios
As a payment method throughout multiple in-app scenarios including, Headphone mint, NFT durability repair, NFT upgrade, gem upgrade, and gem socket unlock.
Token Burn Mechanism
All MCT used to pay for the above application scenarios will be burned.
MU
MU is the governance token of the platform. MU is a payment token with some advanced functions.
Total Supply
1,000,000,000 MU
The total amount of MU Token is 1 billion with different lockup periods between 1-2 years.
Allocation
Application Scenarios
Basic scenarios
Headphone Upgrade
Headphone Minting
Gem upgrade
Special scenarios
Participate in challenge mode
Mined by nodes
Used in metaverse payment
Token Burn Mechanism
All MU used to pay for the above application scenarios will be put to destruction.
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