MONA is an Ethereum token used for the DIGITALAX platform. It is intrinsically incorporated throughout the protocol's architecture, serving to further incentivize utility and application in the Player-Creator economy. MONA is the gas that ties together a triad of interdependence between Players, Developers and Designers in a world that is merging the digital and real.
What Is Monavale (MONA)?
Monavale (MONA) token is the core governance token of the DIGITALAX platform, a digital fashion NFTauction exchange platform. The platform is also a decentralizedWeb3 fashion and part of the open metaverse. DIGITALAX has unveiled a new concept for creating digital material, texture, and pattern libraries, as well as digital-only wearables, leveraging the Ethereum network.
DIGITALAX aims to depict that Web3 fashion is a missing bridge that tends to bring numerous new users to the forum of Web3. The platform intended to create an ecosystem across physical and digital fashion, gaming, e-sports, NFTs, and the metaverse.
Decentralization is the primary principle of the DIGITALAX platform and is integrated into every activity of it. The platform enables the MONA Liquidity provider (LP). MONA and GENESIS NFT holders also get extra token allocations based on the market activity. DIGITALAX relies on the value of two core principles: free software and open source.
The native token of the DIGITALAX platform is the Monavale or MONA token.
The token is built on Ethereum and Polygon networks and is an ERC-20 compliant token. MONA token is governed and owned by token holders. The token holders are eligible for receiving a revenue share of the platform and vote on proposals or suggestions across treasury policies and protocol development. The token holders get incentives for participating in voting. MONA token acts as a fuel for all the primary activities in Web3 fashion. Staking is done to distribute MONA tokens to the community fairly. There is 0% token allocation for the team. 90% of the total supply of MONA tokens has been distributed for staking rewards. 10% goes to protocol reserve. 1100 MONA tokens have been distributed to the treasury along with additional 100 tokens allocated under the additional reward distribution.
History of Monavale (MONA)
The DIGITALAX platform’s launch was started with the Genesis Period (MEET MONA NFT), which took place on November 2, 2020. The DIGITALAX protocol is created for players, developers, designers, metaversal pioneers, and modders. Emma-Jane MacKinnon-Lee is the founder Web3 wizard.
The maximum supply of MONA tokens is 11,300.
