MGED refers to Moonpet Legend Token, the token for the game ecosystem. MGED follows the standard BEP20 token on the Binance Smart Chain platform (BSC) and is controlled by smart contracts. The primary utilities of the MGED token are:
Referral system: When players refer friends to play the game, they will receive an amount of MGED tokens proportional to the referral's trading volume.
Farming: MGED tokens are used for farming points that users can use for NFT redemption.
Exchange on centralized/decentralized exchanges: MGED tokens are used as a payment currency in MGED NFTs Marketplace along with other tokens.
In the future, Moonpet Legend Ecosystem will update with more use cases for the MGED token.