$OYABUN PLATFORM TOKEN
*This page is subject to changes as TGE approaches, March 26, 2025
Last updated
*This page is subject to changes as TGE approaches, March 26, 2025
Last updated
The MAYG game will release first with the $MAYG token. Once the ecosystem beta is launched, this will coincide with the $OYABUN TGE. The $OYABUN token is platform token for the entire core and meta game of the MAYG universe. It is a fixed supply and will work on a buy-back and burn model to reduce supply based on the revenue generated by the core and meta games.
Ecosystem Fund: Will be used to promote player retention and new gaming content on the site with platform wide leaderboard rewards and loyalty programs as well as the prize pool for clan-to-clan competitions.
Equity Investors: These equity investors follow a similar vesting schedule to that of the team, and are sharing in this pool on a pro-rata basis based on their ownership holdings relative to other equity investors.
Treasury: This is for balancing and managing both the $OYABUN and $MAYG token supplies by doing buy-backs and burn trades for both tokens as required. This treasury will be subject to a degree of MAYG community governance.
Team: As the funding for the game was primarily done by the founding team (80%), the team allocation is on a 5 year vesting schedule with a 1 year cliff.
Private & Public Sales: These have the shortest vesting periods and start upon TGE. The funds gained from the private and public sales will be used for the 'USE OF FUNDS' section.
VESTING SCHEDULE
Vesting is done on a linear monthly basis from TGE. There will be no massive supply shocks and the date of the release of the tokens will be set via contract with our token management provider for transparency.
BUYBACK & BURN MODEL
The $OYABUN token follows a buy-back & burn model based off of the revenue generated by the $MAYG token. This buy-back & burn model functions as a necessary way for the platform to manage the token supply of both $MAYG & $OYABUN. 1. All revenue is gained in $MAYG
The 100% of the net revenue amount of $MAYG is used to buy $OYABUN
20% of the $OYABUN bought is then burned from circulation.
The remaining 80% of $OYABUN is held as revenue of the platform
Based on supply, the total net revenue used to buy & burn $OYABUN will decrease from 20% to 10% to 2% to 1%.
Even though the net amount decreases, the net revenue of the platform would be increasing as well.
The $OYABUN held by the platform will be used to buy-back $MAYG from the market in case of over supply and then burned.
The timing of these trades will not be public knowledge and happen in various tranches as to prevent front running each trade.
As the game platform continues to expand in terms of content and revenue, by this model the $OYABUN token will always have tied value to the revenue as practically speaking, the total supply will never get to zero as any increase in the price of $OYABUN relative to $MAYG would slow down the process of the buy-back & burn also the price pressure from limited supply would also make it impossible to get to zero supply.
This token is structure for the long-term value accumulation coinciding with the expansion of the game.
The Use of Funds here refers to only the funds raised during the private and public rounds. Further details will be released closer to TGE, but the public round will only be possible to buy into with the $MAYG token. The $MAYG token gained from the public round will be used for marketing or a portion will be simply burned.