💸Revenue Sharing

Investors have a significant incentive to buy and hold the $MAGAR ERC-20 token. Namely, 50% of the profits generated by our platform are distributed to holders of the token through a revenue sharing program. As mentioned in the Game Mechanism & Tutorial of this Whitepaper, this revenue comes from a 5% fee we charge on winnings, and instances where no user bets on the right politician, and where the 'house' wins. Starting two weeks after the launch of our token and platform, each 14th day, our team assesses and calculates the 'house' profits generated by the MAGARacer game. These profits are then used as a revenue sharing program, in which each holder (minimum holding of 0.1% of supply) receives an ETH payout based on their holding of $MAGAR. To avoid people 'farming' revenue share by buying just before the next payout, we only pay out investors who have held the token for a minimum of 7 days before the revenue sharing takes place. The payout rate and minimum holding rate might change over time, as our market cap increases and volume rises. For the latest info around revenue sharing, please refer to our official X and Telegram channels.