In-depth analysis of the hot presale blockchain game token: MBLK

06/03/2023·1years ago

Public information shows that ZOGI Labs' proprietary in-game token Magical Blocks (MBLK) will launch its IDO on April 14, 2023. MBLK is a practical ERC20 token developed by the internal team of ZOGI Labs, built on the Ethereum blockchain. The ZOGI Labs behind the MBLK token is a multi-department blockchain company and game studio, founded in May 2021, and is the team behind the hot blockchain game MMORPG (Massively Multiplayer Online Role-Playing Game) Legends of Bezogia.

What is MBLK

MBLK is the primary in-game utility token for Legends of Bezogia and all future Zogi Labs games. Players earn MBLK by killing enemies, completing quests, and staking. MBLK has the following use cases in the game:

Crafting weapons, armor, and consumables
Entering PVP arenas
Summoning/breeding more Bezogi NFT characters
Purchasing XP boosts
Paying for NFT items, characters, and skins in the bull/bear market (in-game NFT secondary market)

The game's design and structure represented by MBLK support the Free-To-Play and Rent-To-Earn mechanisms, allowing players to obtain valuable in-game assets in the form of NFTs, which can be used and traded within the game, enabling players to earn economic benefits from the game.

MBLK's Economic Model:

Code: Magical Block (MBLK)
Blockchain network: Ethereum
IDO release date: April 14, 2023
Whitelist release date: March 20 (already released)
Total fundraising: $3,835,000
Launchpads: Zogi Launchpad (self-built by the team)
Private sale price: 0.03U/MBLK
IDO price: 0.05U - 0.065U/MBLK
Listing price: 0.075U/MBLK
Total supply: 1,000,000,000
Initial token circulation: 9,750,000 (0.975%)
Initial market value: $731,250

Token allocation and release:

The MBLK whitepaper emphasizes keeping the token demand greater than the token supply. Most of the token supply will be released in the game through algorithmic means, and the token allocation for the team and advisors has a long cliff period and a long lock-up release time to ensure that the token demand exceeds the token supply in each phase over the next few years.

Note: Cliff refers to the time before the vesting period starts; TGE means the initial release ratio of the token on the issuance date

In-game reward pool algorithm

After the initial player growth decline, the in-game economic system is prone to instability, leading to significant selling pressure on in-game tokens, reducing players' motivation to play and causing a sharp drop in token prices. MBLK's solution is an income-generating algorithmic pool system that incentivizes players to earn higher income in the game. These pools regularly replenish funds to provide fair income distribution for new players and additional rewards for advanced players, encouraging players to continuously upgrade and purchase powerful weapons/armor. The ultimate goal is to follow the 80/20 rule: 20% of players should receive 80% of the rewards, and conversely, 80% of players should receive 20% of the rewards. This creates a balanced ecosystem where weapons and armor have significant value as they can accelerate game progress and help players complete higher-level tasks to significantly increase earnings. For more detailed algorithms, refer to the project's whitepaper:

https://whitepaper.bezogia.com/algorithmic-in-game-reward-pools/pool-replenishment-and-revenue

Reasons to own MBLK

Inspired by the success of leading games like Fortnite and their in-game token Vbucks, the team has created a unique combination of blockchain technology and cutting-edge game mechanics to incentivize MBLK token deflation, providing a unique opportunity for players and investors to participate in future games and blockchain technology. MBLK aims to be a sustainable in-game reward, designed with a revolutionary in-game reward algorithm that rewards players' in-game activities, encouraging active participation and long-term user retention. Additionally, MBLK will be integrated into the DeFi protocols of ZOGI Labs projects, including staking and the Zogi bridge, providing holders with additional utility, flexibility, and value.

ZOGI Labs' Legends of Bezogia game already has tens of thousands of players, as well as hundreds of beta testers experiencing Legends of Bezogia. The game has a mature community and ecosystem, creating strong demand for the MBLK token. Investing in MBLK means investing in ZOGI Labs' games and blockchain technology. A total of 13% of MBLK will be sold through IDO, which will be divided into several stages. The table below shows the corresponding token allocation and prices for each stage:

How to participate in MBLK's IDO

Whitelist Plan:

MBLK's IDO has a whitelist mechanism, but the whitelist snapshot was already released on March 28. The whitelist provides early access and the opportunity for individual purchases of MBLK tokens before the public sale. This opportunity is only available to a limited number of participants who meet specific requirements.

Whitelist price: $0.05/MBLK
Maximum allocation: $2,500
Entry into IDO sale: 12 hours in advance

Whitelist eligibility criteria:

Hold at least 7,500 Zogi tokens
Hold at least 10 Bezogi V2 NFTs, 10 Origin Block NFTs, or a combination of both, totaling 10 NFTs
Participate in the gleam competition (total of 400 whitelist spots).

Referral Plan:

The referral plan is also part of MBLK's IDO, aiming to reward and incentivize MBLK investors to earn additional MBLK, USDT, and ZOGI tokens by referring friends and colleagues to participate in MBLK's IDO. The referral plan consists of 5 levels, each depending on the amount of MBLK tokens purchased by the investor in the IDO and the amount of MBLK owned by the users referred by the investor. The referral plan is fully transparent and dynamically updated based on progress. Investors can start claiming referral rewards once the MBLK IDO sale ends.

When a user uses the investor's referral code to participate in the IDO, the referral reward will be paid in the tokens the user used for the purchase. For example, if the user referred by the investor uses USDT to purchase tokens, the investor will also receive a USDT referral reward. This ensures consistent and fair distribution of rewards and fosters a development and inclusive community around the project's IDO activities. After the IDO is completed, investors can claim their rewards directly from the IDO smart contract.

IDO platform participation link

Current public information shows that MBLK will conduct its IDO on its self-built Zogi Launchpad, and may later conduct IDO on other platforms. The self-built platform's website is:

https://mblk.bezogia.com/

Roadmap

Bezoge token smart contract - May 2021 (completed)
Private alpha game - November 2021 (completed)
First movie trailer - April 2022 (completed)
Staking contract - August 2022 (completed)
ZOGI packaging contract - August 30, 2022 (completed)
Closed beta release - August 2022 (completed)
Closed mobile beta release - January 2023 (completed)
Public beta release - January 2023 (completed)
Mobile beta - Q1 2023 (completed)
MBLK launch IDO - Q1 2023
Bezogi summoning - Q2 2023
Zogi staking - Q2 2023
Liquidity staking - Q2 2023
Legends of Bezogia: Origins - Q2 2023
Bull market NFT market - Q3 2023
Land sales - Q3 2023
Zogi Hub social platform - 2023
Full game release (PC and mobile) - 2023
First PVP arena - 2023
First game expansion (Zerkzogia) - TBC

Team

The MBLK team is also the Zogi Labs team, a blockchain and game studio founded in May 2021, and the team behind the hot MMORPG game Legends of Bezogia. The team consists of over 45 talented individuals, fully dedicated to providing an immersive and entertaining decentralized gaming experience. In March 2023, ZOGI Labs completed a $1.8 million private placement, led by M3 Ventures Ltd (HK), with other investors and partners including Polygon (MATIC), Cronos Chain (Crypto.com), and BNB Chain.

Conclusion

Overall, MBLK represents a certain level of innovation in gaming and blockchain technology, and is expected to meet the real needs of gamers and investors. It is worth paying attention to its IDO opportunities, and getting whitelisted is even better. The referral plan activity is also worth paying attention to.

Vedao is a decentralized investment and financing platform led by DAO, committed to discovering the most valuable information in the industry and exploring the underlying logic and cutting-edge tracks of the digital encryption field, allowing every role within the organization to fulfill its responsibilities and receive rewards.

Website: https://bezogia.com Whitepaper: https://whitepaper.bezogia.com/mblk/what-are-magical-blocks-mblk Twitter: https://twitter.com/ZogiLabs Discord: https://discord.gg/bezoge Telegram: https://t.me/Zogilabs_announcements YouTube: https://www.youtube.com/@LegendsOfBezogia

veDAO is a decentralized investment and financing platform led by DAO, committed to discovering the most valuable information in the industry and exploring the underlying logic and cutting-edge tracks of the digital encryption field, allowing every role within the organization to fulfill its responsibilities and receive rewards.

Website: http://www.vedao.com/

Twitter: https://twitter.com/vedao_official

Facebook: bit.ly/3jmSJwN

Telegram: t.me/veDAO_zh

Discord: https://discord.gg/NEmEyrWfjV

🔴Investment carries risks, the project is for reference only, please bear the risks on your own🔴