In December 2023, GiulioX, CEO of RPG NFT game Pixelmon, confirmed on the X platform that the token MON will be launched, and the token generation (TGE) time will depend on MON's roadmap and mainstream CEX's launch board queue. On December 11th, GiulioX, CEO of RPG NFT game Pixelmon, confirmed on the X platform that the token MON will be launched, and the token generation (TGE) time will depend on MON's roadmap and mainstream CEX's launch board queue.
Pixelmon set a sales record of $70 million by publishing blockchain game NFTs in 2022. Despite a 90% drop due to lower-than-expected game content quality, after two years of reconstruction, Pixelmon's NFTs gradually recovered. In order to seize a larger market in the blockchain game field, Pixelmon and IP management protocol Mon Protocol jointly announced the launch of MON tokens, which will serve as game tokens and IP governance rights within the Pixelmon ecosystem.
On May 27, 2024, the MON token was officially launched and officially staked. According to The First's official announcement, MON (MON Protocol) was launched on the spot market at 16:00 (UTC + 8) on June 4, 2024.
What is the MON Protocol?
Mon Protocol (MON) is a pioneer developer and publisher of blockchain-native IP and games. With a mission to democratize gaming and foster community engagement, Mon Protocol has launched Pixelmon Games, an immersive set of experiences that appeal to more than 1 million web3-savvy gamers and fans.
The MON protocol aims to be the future of IP governance. Specifically, their goal is to bring games and game characters onto the chain. The project will be launched in collaboration with Pixelmon later this year. The MON protocol has a strong lineup of supporters, including Animoca Ventures, Delphi Ventures, Spartan, Merit Cricle, etc. Therefore, many people believe that the MON protocol has the potential to be as large as Pixels ($PIXEL) .
Detailed explanation of the operation mechanism of MON Protocol
Mon Protocol focuses on decentralized game IP ownership (DGIO) with its unique gaming concept, encouraging players to "play their own games" (P2O), while incorporating traditional free-to-play (F2P) models and microtransaction mechanisms. Unlike the centralized ownership and control of traditional games, Mon Protocol's DGIO system gives players and creator communities true ownership.
Two-layer NFT architecture
The cornerstone of the Mon Protocol ecosystem is its dual-layer NFT system. On the Ethereum main chain (L1), Genesis NFTs serve as a symbol of shared IP ownership, allowing holders to participate in the monetization process of underlying assets. On the second layer chain (L2) of Ethereum, in-game NFTs represent digital assets owned by players in the gaming environment, further strengthening the concept of decentralized ownership.
Coordinated incentives
Mon Protocol successfully coordinates the interests of asset owners, creators, and gamers through a carefully designed Incentive Mechanism, thus building a sustainable and scalable IP ecosystem. Asset owners actively seek, negotiate, and monetize intellectual property, creators are committed to content innovation and expansion, and gamers promote the prosperity of the entire ecosystem through participation and contribution.
Game economy ecology
In the game economy of Mon Protocol, players can obtain digital assets through various channels, such as gameplay, in-game purchases, and secondary market transactions. This flexible and changeable economic model not only meets the needs of different players, but also greatly improves user acquisition and Retention Rate. The traditional F2P model combined with Web3-driven P2P NFT exchanges gives players full ownership of in-game assets and promotes interoperability between different games and ecosystems.
Empowering creators
One of the functions of MON Protocol is to achieve on-chain IP governance. The first use case of the MON governance model is to manage the fragmented IP of more than 200 monster characters in Pixelmon. The core vision of Mon Protocol is to integrate the creator economy and solve the scalability problem of content creation in the gaming industry. Through a decentralized user-generated content system, artists and creators can obtain financial support, distribute their IP, and earn royalties for their creations by publishing Genesis NFTs. This model ensures that creators receive the rewards they deserve for their contributions, while also providing gamers with a rich and diverse selection of high-quality content.
MON DAO will implement a series of functions.
These functions constitute a decentralized incentive system aimed at promoting the development of any MON protocol partner IP in multiple projects and vertical fields. The governance system will transition from the MON Foundation to the DAO structure in the later stage of the future and will not be immediately available upon or after the token release.
II. MON Protocol Token Economics
The token of MON Protocol is MON, which will be published in the form of ERC-20 tokens. In the token creation event (TGE), 1 billion MON tokens will be created as the total token supply and will never increase. $MON tokens have the following uses:
- $MON will be the preferred in-game currency for all Pixelmon games, as well as in-game player and tournament rewards.
- Split IP used for permission flow.
- Airdrop and mission rewards;
- Intellectual property and ecosystem fund governance.
- Launch blockchain native IP.
- Creator rewards.
MON will be allocated and unlocked as follows:
Total supply: 1 billion
Community claims: 30%
Community sales: 6%
Ecosystem Fund: 29%
Team: 15%
Strategic sales: 13%
Liquidity: 5%
Startup contributors: 2%
The First MON
As the native token of MON Protocolde and the co-creation background of Pixelmon , MON carries Pixelmon's ambition in the new bull market. The launch of MON will greatly enhance the playability of blockchain games and token financial attributes within the ecosystem. Benefiting from the decentralized IP licensing process, community airdrops, and the governance of IP and ecosystem funds, The First's launch of MON opens a new door for the vibrant creator and gamer community.
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