Due to an unsatisfactory presale, we have decided to adjust the total supply and distribution of our tokens. Here are the details:
1. Total Supply Reduction: We have reduced the total token supply from 920,000,000 to 92,000,000. This significant adjustment could potentially increase the value of each token, assuming demand remains constant.
2. Token Burn: We have burned the unsold tokens from the presale and some from the liquidity pool.
3. Percentage Adjustment: We have maintained the same percentages for the presale, liquidity pool, marketing, community airdrops, and team. This keeps the original structure of our tokenomics.
In summary, the new tokenomics of $MAGA will be as follows:
- Presale: 40%, 36,800,000 tokens (26,900,000 tokens will be burned the unsold)
- Liquidity Pool: 35%, 32,200,000 tokens (100,000 tokens will be burned)
- Marketing: 15%, 13,800,000 tokens
- Community Airdrops: 5%, 4,600,000 tokens
- Team: 5%, 4,600,000 tokens
The total will be 92,000,000 tokens, but 27,000,000 tokens will be burned, leaving us with a total of 65,000,000 MAGA tokens.
*As part of our marketing strategy, the token burns will be carried out in a way that generates a significant impact within the Kadena community. However, we plan to complete the total burn before September this year.
**The Liquidity Pool is reserved for our upcoming launch on another DEX and CEX. These tokens will be locked.
We appreciate your understanding and support during this transition. Please feel free to reach out if you have any questions or concerns.
All the best,
Keidiex