Total circulation of Magpie coins

Magpie Network's meticulously designed token distribution aims to create a robust and decentralized ecosystem by incentivizing community participation, fostering innovation, and ensuring a fair distribution of MPIE tokens.

Dec 25, 2024 at 08:01 pm

Key Points

• Magpie (MPIE) is a utility token native to the Magpie Network, a decentralized blockchain infrastructure.
• The total circulation of MPIE is 4,200,000,000 tokens, with a maximum supply of 10 billion.
• MPIE's token distribution includes a significant allocation for community incentives, rewarding ecosystem participants.
• Magpie Network is committed to a fair and equitable distribution of MPIE tokens, ensuring broad participation and ownership.

Total Circulation of Magpie Coins

Magpie (MPIE) is the native utility token of the Magpie Network, a Layer-1 blockchain infrastructure designed for scalability, security, and cross-chain interoperability. The Magpie Network aims to create a decentralized, accessible, and interconnected blockchain ecosystem for developers and users.

The total circulation of Magpie tokens is 4,200,000,000, out of a maximum supply of 10,000,000,000 MPIE. The token distribution plan is designed to ensure a fair and equitable distribution of MPIE tokens, incentivizing ecosystem participation and fostering a thriving community.

Token Distribution Plan

The Magpie token distribution plan comprises several key allocations:

• Community Incentives: 40% of the total token supply is allocated for community incentives, including rewards for node operators, stakers, contributors, and developers. This allocation aims to create incentives for active participation and contributions to the Magpie ecosystem.
• Ecosystem Development: 20% of MPIE tokens are allocated for ecosystem development, such as grants and initiatives supporting the growth of the network, onboarding new users, and fostering adoption.
• Research and Development: 15% of the total token supply is dedicated to research and development, ensuring that Magpie Network remains at the forefront of blockchain technology and innovation.
• Team and Advisors: 10% of MPIE tokens are allocated to the core team and advisors who contribute to the development and operation of the network.
• Strategic Partners: 10% of the token supply is designated for strategic partnerships and collaborations, fostering interoperability and expanding the Magpie ecosystem.
• Private Sale: A limited portion of MPIE tokens was allocated to private investors through private sale events.
• Public Sale: MPIE tokens will be available to the public through various exchanges and token distribution events, providing opportunities for community members to participate in the network's growth.

Commitment to Fair Distribution

Magpie Network is committed to ensuring the fair and equitable distribution of MPIE tokens. The allocation plan has been carefully designed to encourage broad participation in the network and avoid excessive concentration of tokens.

The distribution scheme incentivizes ecosystem contributions, rewards active participants, encourages innovation, and supports the long-term sustainability of the network. Magpie aims to establish a strong and engaged community of users, developers, and stakeholders, fostering a vibrant and self-sufficient ecosystem.

FAQs

Q: What is Magpie Network?
A: Magpie Network is a decentralized blockchain infrastructure that aims to provide scalability, security, and cross-chain interoperability.

Q: What is the use case of MPIE tokens?
A: MPIE tokens are the native utility token of Magpie Network, used for various functions such as network fees, staking rewards, community incentives, and governance participation.

Q: How is the MPIE token distributed?
A: The MPIE token is distributed according to a pre-determined allocation plan, including community incentives, ecosystem development, research and development, team and advisors, and strategic partners.

Q: Is the token distribution plan fair?
A: Yes, the Magpie token distribution plan is designed to ensure fair and equitable distribution, promoting participation, and rewarding contributions to the network.

Q: How can I acquire MPIE tokens?
A: MPIE tokens will be available through various channels, including public sales, exchanges, and incentives for contributions to the Magpie ecosystem.