MVG is a blockchain gaming company founded in 2021. The project leaders are a group of Danish crypto enthusiasts and gamers who have known each other since kindergarten and got into crypto a long time ago.
This project will be managed in accordance with Danish business culture. We Danes generally tend to spend our money cautiously, and expect others to do the same. For example, in 2014 the then Prime Minister of Denmark came under heavy criticism and had to defend himself on national television because his political party had bought him a extravagantly expensive suit. Our culture is one of looking after money, not throwing it about haphazardly.
As good Danes, we love planning, community involvement and doing honest business.
Bitcoin emerged as a reaction to the financial crisis and countries endlessly printing more fiat, which devalued the fiat´s value and eventually the citizens’ purchasing power. Ironically, in the crypto world, we have seen too many projects reserve huge quantities of the total supply, which is then released, oversaturating the market, and thereby harming their initial investors.
A solid company should be able to sustain its project, with the initial funds raised and additional funds gained by its products.
Our core values are reflected in our token distribution plan, staking options, team vesting period and 1usd salaries to all project leaders until our main products are delivered.
NFTs and blockchain gaming are the future. All project leaders are direct descendants of the Vikings, which inspired us to make the company and our games evolve around Norse Mythology.
We are creating a blockchain-based gaming platform with a new kind of NFTs.
An inclusive and participatory space for gamers and investors, where they can influence the development of the games and projects.
Our aim is to create a project with a healthy token economy, which we see as dependent on three key factors:
1) Utility via the Mad Viking Games platform which creates demand for the MVG token.
2) A staking and governance system that incentivizes long term holding, which lowers the actual circulating supply.
3) An assured spread of the token, facilitated by reserving a huge percentage of the supply for private hands, and initiating our ICO with a low entry price.
MVG is looking into how to legally redistribute 50% of its profits to MVG token holders without it becoming classified as a security token. This could be by for example setting up a separate "MVG Foundation" and transfer 50% of the company shares to this entity. The foundation will then, for example, hold a yearly lottery, where the chance and amount to win is more or less proportional with the yearly average of the amount a holder has staked during a year.
This will be paid out in VET or MVG tokens, depending on the circumstances.
The other half will be dedicated to expanding and promoting the platform in order to get new investors and gamers to join us.
We will issue a governance token called GEMS. All stakers will receive GEMS at a fixed rate proportionally to the amount and the time staked.
GEMS can be used to vote for the implementation of specific features or games on the platform. All used GEMS get burned.
GEMS can be sold on the market to gamers who want to buy more influence.
Basic generation rate is 10 GEMS a week per 1.000.000 MVG Staked. The minimum amount of MVG to hold is 500.000 MVG tokens.
In time, we will open for community proposed votes and referenda.
You´ll even be able to vote on games. Imagine being a gamer and the game you are playing have a feature, place or an NPC that was your idea that come to life!