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$MCRT Token
The native cryptographically-secured fungible protocol token of Magic Craft (ticker symbol $MCRT) is a transferable representation of attributed governance and utility functions specified in the protocol/code of Magic Craft, and which is designed to be used solely as an interoperable utility token thereon.
​$MCRT is a functional multi-utility token which will be used as the medium of exchange between participants on Magic Craft in a decentralized manner. The goal of introducing $MCRT is to provide a convenient and secure mode of payment and settlement between participants who interact within the ecosystem on Magic Craft without any intermediaries such as centralized third party entity/institution/credit. It is not, and not intended to be, a medium of exchange accepted by the public (or a section of the public) as payment for goods or services or for the discharge of a debt; nor is it designed or intended to be used by any person as payment for any goods or services whatsoever that are not exclusively provided by the issuer. $MCRT does not in any way represent any shareholding, participation, right, title, or interest in the Company, the Distributor, their respective affiliates, or any other company, enterprise or undertaking, nor will $MCRT entitle token holders to any promise of fees, dividends, revenue, profits or investment returns, and are not intended to constitute securities in Singapore or any relevant jurisdiction. $MCRT may only be utilised on Magic Craft, and ownership of $MCRT carries no rights, express or implied, other than the right to use $MCRT as a means to enable usage of and interaction within Magic Craft.
Further, $MCRT provides the economic incentives which will be distributed to encourage users to exert efforts towards contribution and participation in the ecosystem on Magic Craft, thereby creating a mutually beneficial system where every participant is fairly compensated for its efforts. $MCRT is an integral and indispensable part of Magic Craft, because without $MCRT, there would be no incentive for users to expend resources to participate in activities or provide services for the benefit of the entire ecosystem on Magic Craft. Given that additional $MCRT will be awarded to a user based only on its actual usage, activity and efforts made on Magic Craft and/or proportionate to the frequency and volume of transactions, users of Magic Craft and/or holders of $MCRT which did not actively participate will not receive any $MCRT incentives.
Magic Craft is a game with an economic system that goes both wide and deep, connecting every aspect of in-game activity. There are three primary mechanisms associated with the game’s economics: production, piloting, and overarching mechanics.
Most of the in-game items come from the production layer. The only exceptions to this are rare equipment, resource drops from piloting, and an exclusive limited series of items injected into the game through sales.
Our goal with $MCRT is to align the incentives of Magic Craft stakeholders. The mechanisms described above have two main goals:
To reward players for interacting with Magic Craft.
To decentralize ownership of $MCRT token and governance of Magic Craft.
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