MARBLEX INTRODUCES TOKENOMICS OPTIMIZATION STRATEGY TO BOLSTER ECOSYSTEM TRANSPARENCY AND SUSTAINABILITY
LOS ANGELES, June 29, 2023 /PRNewswire/ -- MARBLEX, a blockchain subsidiary of leading mobile game developer and publisher Netmarble, has unveiled its strategy for optimized tokenomics to build an ecosystem that is fueled by sustainability and credibility.
Starting from the third quarter of this year, MARBLEX will progressively implement the revamped tokenomics in three phases to realign the ecosystem's supply plan and to expand token utilities.
Phase 1: Burning all tokens outside the distribution plan
Phase 2: Enhanced token burning policy ('Auto-Burn' / 'Dynamic Burn')
Phase 3: Revamping the game tokenomics
While the details of Phase 2 and 3 will be unveiled successively, the phase 1 entails burning up to 67% of the unplanned distribution supply from the total token supply of 1 billion MBX. This strategic action will significantly reduce uncertainty surrounding MBX tokenomics while bolstering the overall transparent ecosystem for users worldwide.
MARBLEX has submitted a tokenomics optimization proposal to the holders of membership NFT 'MARBLERSHIP,' and MBX token with the aim of assisting MBX in evolving into a sustainable blockchain ecosystem. The proposal will be subject to voting by the holders via official Discord community and Snapshot. The decision to burn will be determined on July 10, and the further details of the burning plan will be presented upon the voting result.
Fans worldwide can enjoy the MBX ecosystem as part of Netmarble's Meta World: My City, A3: Still Alive, Ni no Kuni: Cross Worlds and The King of Fighters: ARENA. The company will progressively integrate its proprietary blockchain ecosystem into upcoming titles through ongoing updates.
More information can be found on the MARBLEX's official website, Medium, Telegram, Twitter, and Facebook page.
About MARBLEX
MARBLEX is a blockchain-powered subsidiary of Netmarble Corp. Netmarble Corp. is a well-established developer and publisher of mobile games, comprised of more than 6,000 game industry veterans and blockchain technology experts from across the globe. MARBLEX aims to bring the highest quality blockchain games to market by providing key services such as a cryptocurrency wallet, decentralized exchange, token staking and an NFT Marketplace. MBX, a proprietary blockchain ecosystem launched by MARBLEX, allows gamers to advance their experiences through organic engagement and rewards for participation. The MBX ecosystem can be enjoyed as part of popular Netmarble titles, such as A3: Still Alive, Ni no Kuni: Cross Worlds and The King of Fighters Arena.
About MBX Token
MBX is a public token that has a market value in the public chains for MBX, a proprietary blockchain ecosystem launched by MARBLEX (a blockchain subsidiary of Netmarble Corp.) . In an effort to maintain sustainability, MBX focuses on publishing-oriented partnerships to ensure quality games and content. It also introduces a diversified return policy that utilizes a portion of in-game sales, along with a burning model to enhance transferability. MBX can be found through leading cryptocurrency exchanges. For more information, visit https://www.marblex.io/en.
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SOURCE MARBLEX
