Tokenomics
$MONK
Governance tokens for the Social Entertainment Ecosystem.
User experience is crucial for MonkeyBit.io. Developing from a platform into a complete game ecosystem is an exciting process, and MonkeyBit users will gain growth dividends throughout this process. To this end, we have introduced a healthy and sustainable token economy with $MONK as our governance token.
MONK aims to become a valuable, non-inflationary, and highly liquid currency in the long term.Its unique features include usage in exclusive games, minting rare NFTs, and providing holders with governance rights and potential economic returns as a DAO governance token. This approach signals a new era in the market, as MONK is set to broaden user application scenarios, reshape gamefi, and drive market consumption. As a pioneer of change, MONK is positioned to deliver exceptional returns to participants and foster ecosystem prosperity.
xMONK
MonkeyBit Pass Token
xMONK is a cryptocurrency launched for Interstellar Pass holders on the Polygon blockchain. It has a total supply of 50 million tokens. Users who purchase an Interstellar Pass can transfer their xMONK to a wallet linked with MonkeyBit.
Each xMONK can redeem 1 $MONK tokens on MonkeyBit.io. 5% of the total $MONK supply is allocated for this redemption, which will be available after $MONK TGE. The redeemed $MONK tokens will be unlocked at a daily rate of 0.3%.
pMONK
In-game Ecosystem Rewards
The dynamic output is triggered based on an adaptive time relaxation model, and pMONK serves as the core incentive mechanism within the gaming ecosystem. Its main production route is through game mining, where players actively participate by investing their attention and time. As a result, they should receive corresponding participation rewards, which demonstrate their proof of participation. Players will be able to exchange pMONK for $MONK to realize long-term value appreciation and investment returns. Effective interaction creates a stable and prosperous gaming ecosystem, bringing continuous value growth to all participants.
pMONK Convert Mechanism
Standard Ratio
2 pMONK: 1 $MONK
Conversion Rules
After users submit a conversion order, the system will enter the queue sequence and process them in order.
Single Transaction Parameters Maximum Cap：5000 $MONK Minimum Threshold：200 pMONK
After processing a single transaction, users are eligible to initiate a new request.
Platform Daily Cap
The total amount of $MONK that can be converted daily is based on the platform's earnings and the previous day's $MONK market price ratio.
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