What are Magical Blocks? ($MBLK)
Last updated
Last updated
Magical Blocks ($MBLK) are an ERC20 utility token on the Ethereum network and are the main in-game currency in the Dungeons and Legends of Bezogia and all future Bezogia titles. $MBLK runs the economic and transactional layer in the Creators Economy of Bezogia. While, in the Legends of Bezogia and other products, $MBLK serves as both utility and incentive. The possibilities are endless as ZOGI Labs builds with the world a gaming infrastructure and transactional layer that knows no limits. Below is a demonstration of the functions of $MBLK in V1 products of Bezogia:
Just some examples of what $MBLK can be used in Bezogia for (refer to image above):
Minting weapons, armor and consumable items
Entry to PVP arenas
Summoning/Breeding more Bezogi NFT characters
Buying XP boosts
Paying for NFT items, characters and skins in Bull/Bear Market (in-game NFT secondary marketplace)
The Tokenomics of $MLBK is intentionally structured to always create and maintain a stronger demand for the token than the supply available. A total of 15% of the MBLK supply has been sold in the fund raising rounds and migration with 2 year long vesting periods. Majority of the supply will distribute in-game over years as well as the smaller allocations for the liquidity provisions and the team will have long term cliff periods.
