Introducing $MAGMA
Economic design and distribution framework, powering the Sui network's adaptive liquidity engine.
Basic
Name: MAGMA
Ticker: MAGMA
Chain: Sui
Total Supply (Max): 1,000,000,000.
Coin_type address on Sui: 0x9f854b3ad20f8161ec0886f15f4a1752bf75d22261556f14cc8d3a1c5d50e529::magma::MAGMA
Initial $MAGMA Token Allocation
The total and maximum supply of the $MAGMA token is fixed at 1,000,000,000.
$MAGMA Token Utilities
$MAGMA is the protocol’s native cryptographically-secure fungible utility token.
Governance
$MAGMA serves as the native governance token , allowing holders to propose and vote on governance proposals to determine future features, upgrades, and/or parameters of the protocol.
Incentives and Compensation
Used to provide economic incentives. $MAGMA will reward Liquidity Providers (LPs) who stake assets into decentralized market-making pools as compensation for opportunity costs. Rewards are distributed based on a user's relative contribution.
Loyalty and Access
$MAGMA functions as a digital loyalty membership , granting active participants a licence for exclusive access to selected products or services. Users are categorized into loyalty tiers based on holdings and activity , with premium tiers offering greater access to features and more preferential terms.
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