# MGC TOKEN

### Utility

MGC Token is the utility token and governance token of the Magator Ecosystem which is a BEP-20 token before the official launch of the mainnet.

From an economic standpoint, the issuance of tokens will be exclusively on the BNB Chain for both the Alpha and Beta versions.

### Supply

There is no max cap on supply which is like $ATOM, the governance token of Cosmos Ecosystem.&#x20;

The max supply will be 1,000,000,000,000,000,000,000.

### Allocation

<table data-header-hidden><thead><tr><th width="215"></th><th></th></tr></thead><tbody><tr><td>Allocation</td><td>Percent (100%)</td></tr><tr><td>Airdrop</td><td>5%</td></tr><tr><td>IDO</td><td>5% Hard Cap</td></tr><tr><td>Angel Round</td><td>5%</td></tr><tr><td>Seed Round</td><td>10%</td></tr><tr><td>Treasury&#x26;Marketing</td><td>15%</td></tr><tr><td>Liquidity Incentives</td><td>40%</td></tr><tr><td>Team</td><td>20%</td></tr><tr><td><strong>Total</strong></td><td><strong>100%</strong></td></tr></tbody></table>

### Governance

Holders of $MGC have the ability to initiate Magator Improvement Proposals and participate in various governance activities including voting, staking, and earning protocol revenue.

Additionally, as the ecosystem grows, there may be occasions where additional $MGC tokens are issued to meet the requirements of the expanding ecosystem. This allows for flexibility in token supply to support the development and sustainability of the Magator Yield.
