MCHC (MCH Coin)
MCHC is the key token of the MCH economics widely used in My Crypto Heroes and MCH Verse.
Name of Token：MCH Coin
Max Supply：50,000,000 MCHC
Issuer：BOBG PTE. LTD. (Singapore)
Voting：MCHC is used as a governance token for voting related to the operation of My Crypto Heroes. See the Governance section for more details on how voting works.
NFT (Soul) mint：10 MCHC is burned to mint Soul.
NFT (MCH Verse Pass) mint：MCHC/ETH LP Tokens is burned to mint MCH Verse Pass .
MCHC Exchange：You can purchase NFTs of blockchain games from the following partners with MCHC.
Cryptid Wars Reward：40%（20,000,000 MCHC）
It is distributed as a reward for Cryptid Wars, My Crypto Heroes GvG (Guild vs Guild) content.
Please check the Reward of Cryptid Wars for how issuance works.
An additional amount equal to 2% of new issuance from Cryptid Wars will be allocated to the community pool.
Unlocked and allocated amount (as of September 26, 2022): 27.6% (13,789,478 MCHC)
Staking Rewards：10%（5,000,000 MCHC）
As a reward for MCHC's liquidity providers, distribution began in November 2020 and was completed in April 2022. Please check here for more details.
It is used to acquire new users and expand the MCH economics.
Unlocked amount (as of September 26, 2022): 6.9%（3,447,370 MCHC）
25% of the amount issued in Cryptid Wars will be unlocked at the same time.
Allocated amount (as of September 26, 2022): 3.8%（1,884,500 MCHC）
Unlocked amount (as of September 26, 2022): 27.6%（13,789,478 MCHC）
100% of the amount issued in Cryptid Wars will be unlocked at the same time.
Allocated amount (as of September 26, 2022): 16.8%（8,385,510 MCHC）
Development* ：20%（10,000,000 MCHC）
Used for the development and operation of the MCH economics, such as MyCryptoHeroes and MCH Verse (Oasys).
Team* ：10％（5,000,000 MCHC）
It is allocated to team, advisors, Investor, shareholders, etc.
Reserve* ：10％（5,000,000 MCHC）
It is allocated for other anticipated future expenses.
* These distribution ratios are subject to change based on the services provided and the market environment.
How to obtain MCHC
Crypto Ingots (CI) can be obtained by consuming in-game Cryptonium (Cp) in Cryptid Wars. CI is irreversibly convertible to MCHC in a 1:1 ratio and has no other utility.
Cryptonium (Cp): No limit on the total supply limit. You can mainly acquire it by burn of GUM and through activities in Cryptid Wars.
Crypto Ingot (CI): It is off-chain point obtained by consumption of Cp in the Cryptid Wars and can be converted to MCHC. When giving to the community, a certain percentage will be given to the marketing, development and operation pool as described below.
MCH Coin (MCHC): An on-chain ERC20 Token which could be claimed with a 1:1 ratio from CI.
To trade and get more information
How to get MCHC
You can exchange your CI for MCHC by "claim" on the MCHC page.
You need to pay the gas fee to claim your MCHC
You can exchange Crypto Ingot for MCH Coins at a 1:1 rate at any time.
At the time of exchange, all of the CI you are holding will be exchanged.
[2022.02.18] A convert function has been added so that CI can be claimed on Polygon. When converting, all your CI are converted to off-chain MCHC you can claim on Polygon. There is no way to go back.
How to get Cp
1. Burning GUM
You can get 10 Cp by burn 1 GUM.
e.g.) When you buy Hero by 1,000 GUM on Trade, 5% is the trade fee, and 50% of it will be distributed to your Land as the Land Reward. So, burned GUM is [1,000 GUM*5%*50% = 25 GUM], which means that you can get 250 Cp.
*Cp is no longer awarded for the official Hero Sale as of May 2022.
Also when the user invited by you gets Cp by burning GUM, you can also get Cp equal to 10% of Cp the user receives as the referral reward.
In the example above, 2,000 Cp will be added to you.
For more information on burning GUM rates, please see the help below.
2. Game Play
This is a content where you can get Cp by locking a hero for 7 days for Quest. See Mining for details.
You can earn Cp as a reward for the Colosseum. Please check the Colosseum for details.
Cp will be given according to the results of each season of Cryptid Wars. For more information, please check the reward for the Cryptid Wars.
*In future updates, there are plans to add ways to obtain Cp.