# $MGS ### **TOKENOMICS** ![$MGS Token](/files/GszreJcxmziWcNUruTrZ) $MGS is an ERC20 utility token for The Magus World. $MGS will serve as the medium of exchange for our marketplace. The items that can be purchased from our marketplace with $MGS include WL from various projects and trading tools as well. ### **TOKEN ALLOCATION** The total supply of the $MGS token is 200 million and will be pre-minted in our Magus Vault. Here is the breakdown of our $MGS supply allocation: * 50% Staking - 100 million of $MGS supply will be available for holders to claim when they stake their NFTs. * 20% Liquidity Pool - 20% of supply will be set aside for our liquidity pool. The pool will open up with 50% of its supply, which is 20 million $MGS. More $MGS will be fed into the pool when needed. * 15% Deflationary Protection - This amount of supply will be set aside for burning in the event that our token becomes hyperinflationary. * 10% Game Ecosystem - This amount will be kept as a reward for holders when we host games or draws. * 5% Contributor Reward - This amount of token will be allocated to the team and kept for emergency purposes. It will be locked for 12 months. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://the-magus.gitbook.io/the-magus-staking/token-and-staking/usdmgs.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.