Tokenomics

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Token Name
Type
Total Supply
MITA
Governance
200,000,000
MXP (MITA Xtra Potion)
Game Token
Unlimited
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MITA will be distributed in the order below.
Token amount
Total Supply
%
Vesting
Play and Earn
50,000,000
25%
Starts in Q2, 2022
Marketing
15,000,000
7.5%
Starts in Q2, 2022
Private Sale
70,000,000
35%
10% TGE + 5 months cliff + 12 months vesting
Public
5,000,000
2.5% 
20% on TGE + 20% each month
Advisors
5,000,000
2.5%
5% on TGE + 5 months cliff + 7 months vesting
Staking & Liquidity
25,000,000
12.5%
Some unlock, Some locked
Team members
30,000,000
15%
1 year cliff + 3 years vesting
Total amount 
200,000,000
100%
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Play and Earn MXP
Players will be rewarded with MXP while playing the game. This process will take into consideration 
Player's activeness in the game
Player's engagement in the game
Type of hero they are using
Play and Earn MITA
Players can earn MITA via various channels including
Completely daily quest
Staking MITA 
Selling Heroes and Monsters on the marketplace
Fees
All fees would be charged in MITA. A 3.0% fee will be charged on all transactions and would be distributed as follows
50% will be burnt
50% will go to MITA Games Treasury 
MITA Burning Mechanism (Destroying)
Every 5 days a collected amount of MITA will automatically be burnt. MITA will continue to be burnt until it reaches a total supply of 100,000,000. This mechanism will decrease the total amount of token supply over time and will ensure the scarcity of MITA.
Burn 50% of all transactions fees
Burn 50% of all purchases with MITA
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MXP Burning Mechanism (Destroying)
Burn MXP to buy in-game items
Burn MXP to upgrade Hero levels
Burn MXP to upgrade Monster levels
Burn MXP to upgrade Fort level
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Buying of MITA token
MITA token can be purchased as an In-App Purchase (IAP) using a debit or credit card from the Google Play Store or Apple Store. It can also be transferred from other exchanges into the Game.
The base price to purchase MITA token in the game will be determined during mainnet launch . If the average price per token on third-party exchanges increases above base price for an extended period of time, the price per MITA in the game will also increase to the new average price. 
In the event that a user decides to buy MITA via an IAP, they will be buying from our IAP reserve. Every 90 days, we will buy MITA from the open market and keep this in the IAP pool, which will be sold to players buying MITA from the app stores. MITA tokens sold in the game will be 10%-15% premium than what it is on the open market or 3rd party exchanges to help cover the  fees and taxes on the various app stores.
Halving
Every 2 years, starting from 1st May, 2023, the total amount of reward (R) players earn in the game will be halved. This will continue until 1st May, 2026. Below is a list of the halving dates and time;
Let nR = New Reward
1st September, 2022 : 12:00am => nR = R/2
1st September, 2024 : 12:00am => nR = R/4
1st September, 2026 : 12:00am => nR = R/8
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