The Moongate airdrop portal has been live since November 28, 2024, at 12:10 PM (UTC). The initial airdrop will be made from a pool of 50,000,000 $MGT. That means the developers and early engagers on the Moongate platform can earn a significantly high-valued reward. The successive airdrops will see a much greater token allocation.
In this article, you will learn about the important details of the Moongate airdrop such as the breakdown of distribution, calculation of allocation, and the anti-sybil measures for ensuring a fair distribution of the $MGT tokens.
Moongate ($MGT) Token Utility
Moongate is an online platform where consumers and businesses can trade attention assets. The $MGT tokens are valuable cryptocurrency assets with many use cases.
For the users, $MGT tokens can primarily be staked $MGT to unlock exclusive discounts and increase token launchpad allocation. They can upgrade the rarity of their MoonStamp to increase the output. Further, it can be used to purchase attention assets.
Businesses can also use $MGT tokens to issue a new attention asset through a token campaign. AI model training companies, advertisers, entertainment brands, and other stakeholders should stake the $MGT tokens to receive personal data from the users. In the future, $MGT tokens can be used by brands and businesses to pay the gas fee for the upcoming L2 stage of the Moongate platform.
Moongate Airdrop Token Distribution
Approximately 90% of the $MGT tokens set aside for airdrop distribution will be distributed to the core users and early supporters of the platform. The early supporters and investors of the Moongate platform include Moongate Voyager pass holders, event attendees, brand membership pass holders, on-site quest or scavenger hunt participants, and Moon Farmer and Moon Odyssey participants.
There are various criteria used by the Moongate platform to determine the number of tokens that each of the above participants is eligible to receive. The selection is based on the activities of the users and the amount spent for various purposes including
- Amount spent to purchase attention assets
- Number of Moongate-issued NFTs held in wallet
- Number of points secured
- Number of referrals
- Users who pre-registered with their Bitget wallet
5% of the remaining $MGT tokens are allocated to the creators and partners of the Moongate platform. The creators and partners who have made vital contributions to the Moongate platform include Binance, OKX, Token2049, ETHDenver, BCG (Boston Consulting Group), Thailand’s real estate leader Siam Piwat, Asia’s iconic music festival Wonderfruit, and more.
Each contributor’s share of the airdrop tokens is determined by the number of smart token campaigns launched, the number of users who participated in the campaign, and the amount of revenue generated.
The remaining 5% of the $MGT tokens allocated for the airdrop are set aside for the regular marketing initiatives of the Moongate platform.
Anti-Sybil Measures For Fair Distribution Of $MGT Tokens
It is the responsibility of the Moongate platform to ensure fair distribution of the tokens for all the users. This is essential to prevent humans with vested interests or bots from disrupting the Moongate ecosystem. The Anti-Sybil measures include filtering all users with suspicious email domains, wallet transactions, and referral activities
How To Claim Your Share Of $MGT Tokens?
Now that you know about your share of the $MGT tokens at the airdrop, here are the details about claiming them.
- You can claim your airdrop tokens from their official website by connecting your crypto wallet. You can claim the tokens anytime before February 28 at 12:00 PM (UTC).
- If you have already connected your Bitget wallet to the Moongate platform you can claim your unvested tokens within three months of the commencement of the airdrop.
The Bottom Line
The Moongate platform and its native $MGT tokens are indeed innovative in their use cases and airdrop listing schedule. With the majority of the airdrops tokens allocated to incentivize early users, the $MGT platform is user-friendly.
If you invest your time and energy in the platform and engage with it regularly, you will get high rewards. So boost your activities on the Moongate platform, connect your wallet, and earn a maximum of $MGT tokens this season.
