Magic Shoes Token

Definition

Governance token and reward score mining and usage issued by MAGIC CLUB.

MAGIC SHOES TOKEN : Governance Token (MCT)

MAGIC CLUB POINT : Reward Point (MCP)

The tokens mined in Magic Shoes are MCPs. Magic Shoes token mining starts by obtaining MCPs through exercising with Magic Shoes. Then, the accumulated MCPs are settled on a weekly basis, and the corresponding amount of MCT is distributed in a differentiated manner (N/1) based on the acquired MCPs.

The settlement patch operates every Sunday at 15:00 UTC, and a new cycle begins thereafter.

It is important to note that MCPs are not tokens, and the distribution of MCT is not a 1:1 token exchange based on individual MCPs but rather emphasizes the differentiation (N/1) of MCT distribution based on the ranking of the total MCPs acquired by all users.