Monsterra Announces New MAG Earning Mechanism
The upcoming new MAG earning mechanism for Monsterra will allow everyone to earn token rewards by burning NFTs in exchange for points that can be turned into MAG.
Developer Crescent Shine has announced that they plan on introducing a new MAG earning mechanism for Monsterra soon.
This upcoming economy-related feature is called the MAG Vault, designed to make it possible for everyone to earn MAG token rewards depending on the MAG revenue from the day before. The reason this is being introduced is because the rewards are currently not being evenly split, leading to some players not getting a share of the rewards due to the pool running out from those who claim earlier.
The way this new mechanic will work is that it will have a 28-day cycle, during which players will get to burn their NFTs in the Vault and receive points for doing so. These points can then be exchanged for MAG tokens. Free NFTs cannot be burned.
The MAG rewards are paid out hourly, with the player's MAG stake ratio depending on the number of NFTs burned as well as the time at which they were burned at. Burning earlier means more days for sharing revenue, and burning more NFTs means larger rewards.
The total reward pool is divided into 5 different pools: Common, Uncommon, Rare, Epic and Legendary. This lets players earn from different pools depending on the rarity of the NFT they burn.
To learn more about this upcoming new mechanism, check out the official Medium post here.