Music Mogul: Tokenomics Overview
Music Mogul employs two fungible tokens within its ecosystem: CNOTES and CRED.
CNOTES
CNOTES, the primary token, serves as the driving force behind the in-game quest engine. The majority of performances embarked upon by players’ artists require CNOTES for initiation. Players can acquire CNOTES by achieving a coveted position in the Top 500 of the Weekly Streaming Competition. Notably, this token’s sole utility lies within the game in enabling the aforementioned Performances.
A weekly distribution of 10,000 CNOTES will be allocated to the competition winners, with a fixed total supply capped at 1,000,000.
CRED
The second fungible token, CRED, assumes a more versatile role as the currency for all the various in-game transactions. With over 18 use cases, CRED becomes the universal means of purchasing items and services within the game. Unlike CNOTES, players exclusively earn CRED in the Performance section of the game.
The total supply of CRED is set at 5,000,000 tokens.
Both tokens contribute to Tyranno Studios’ overarching strategy, as the studio maintains a 20% stake in all tokens minted. This reserved portion, amounting to 20%, serves as a vital resource for sustaining post-launch operations, ensuring the continuous functionality and development of the product.
