Are you ready?
Our first IDO, the $MC token from TapFantasy, is set to launch on August 30th. Want to know more?
Check out all the details on our blog: Introducing the first token launch on TonUP - $MC token of Tap Fantasy
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Upon the announcement of the launch of $MC token by Tap Fantasy, we have observed numerous concerns and doubts within our community. We highly value our community and, as such, have promptly requested the Tap Fantasy team to provide responses.
In order to address the community’s concerns and questions more effectively, we will be hosting an AMA session on August 21. The Tap Fantasy team will join us to discuss topics such as the token economic model and game roadmap. If you have any questions regarding the Tap Fantasy IDO, please leave a comment in our Telegram channel.
The first AMA (Ask Me Anything) session between Tap Fantasy and TonUP has finished. During this AMA, Tap Fantasy addressed several community concerns, including the relationship between $MC on TON and $MC on BSC, the economic model, and valuation.
We have excerpted the complete transcript below. Check the transcrip in our community: Tap Fantasy / TonUP AMA Transcript (tokenomic, $MC and Tap Fantasy on TON)
Tap Fantasy has announced its participation in the CPP (Community Protection Plan) launched by TonUP. All funds raised will be used to establish LP (liquidity pool) and will be jointly supervised by TonUP. In the event that there is any remaining tokens from the fundraising, TonUP will take responsibility for their destruction.
Source: https://twitter.com/TonUP_io/status/1694693404767371473
We are thrilled to announce that Tap Fantasy is set to embark on its Initial DEX Offering (IDO) through the TonUP platform on August 30rd 13:00PM UTC! As a groundbreaking blockchain game, Tap Fantasy is poised to provide players with unparalleled gaming experiences and groundbreaking opportunities.
Source: Tap Fantasy to Conduct IDO on TonUP | by Tap Fantasy | tapfantasy | Medium
The new homepage of Tap Fantasy is online, check out here → https://tapfantasy.io/#/
$MC is the in-game token of Tap Fantasy. The total issuance of $MC on the TON network is 10 million, with an initial release of 400,000k. The team and investors do not possess $MC on the TON. The $MC on the BSC network cannot be cross-chain transferred to the TON network, and the same applies to $MC on the TON network.
$MC has numerous applications and consumption scenarios on the TON platform: all NFTs are minted using $MC, upgrading NFTs requires spending $MC, in-game items are priced in $MC, crafting tools and upgrading runes within the game require $MC, and $MC stakers can receive referral rewards. In comparison to the $MC economic model on the Binance Smart Chain (BSC), the consumption of $MC on the TON blockchain is over five times higher.
The formula for $MC token generation is as follows:
Daily Supply = Total Outflow * 80% / Vesting Days * Yield Rate
On a daily basis, the number of $MC tokens produced within the game is determined by taking 80% of the cumulative $MC consumption, dividing this value by the number of Vesting Days, and then multiplying the result by the Yield Rate. Additionally, this calculation incorporates a 10% token burn and an extra 10% that is reclaimed by the team. This strategic approach aims to lower the overall token output compared to token consumption, ultimately stimulating an upward trajectory in the price of the $MC token.
TonUP is qualified for the TonUP CPP (Community Protection Plan).
Tap Fantasy promises that 100% of its fundraising amount from $MC will be used to form LP with the liquidity portion of the token, which will be jointly managed by TonUP and the Tap Fantasy team through multi-signature. If there is any unsold portion, TonUP will supervise the destruction of the token.
Source: TonUP has officially launched the Community Protection Plan
