Moongate Launches $MGT Token to Drive a New Era of Attention Economy Participation

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Hong Kong, Hong Kong, November 28, 2024, Chainwire

Moongate has officially launched its own token, $MGT, marking a significant milestone in the company’s mission to reshape brand-consumer engagement and redefine the value of user attention.

Moongate is the first mainstream asset protocol for real-world activation. Launched in 2022, the Moongate protocol is actively utilized by over 3,800 brands and creators, including Binance, OKX, Token2049, EthDenver, Animoca, Wonderfruit, ComplexCon, and Sony. The protocol has helped thousands of brands launch smart token campaigns, engaging more than 1.7 million end users.

As the digital landscape continues to evolve, the $MGT token introduces a structured incentive-based model for both brands and consumers. Designed to power real-world brand activations, loyalty programs, and consumer engagement, $MGT allows users to earn rewards by participating in token-based campaigns, while brands can leverage the protocol to create more meaningful interactions with their audiences.

$5.2 million in funding and future exchange listings for $MGT

To achieve this vision and fuel further growth, Moongate successfully secured more than $5.2 million in total funding. This includes investments from CMCC Global, Cogitent Ventures, and Token Bay Capital, as well as proceeds from public sales of several Tier-1 launchpads. This fundraising reflects strong market interest in the Moongate Protocol and $MGT and highlights the growing awareness of Moongate’s role in the attention economy.

Since its launch, $MGT token is currently traded on Bitget, KuCoin, Gate.io, MEXC, and PancakeSwap.

Connecting digital and physical world engagement

Moongate’s platform helps brands create and deploy smart tokens, providing an efficient solution for businesses to connect directly with users online and offline. Through initiatives such as NFT memberships, event tickets, and token-based benefits, Moongate promotes the real-world utility of brands. $MGT is the core of this ecosystem and serves as the primary medium for rewards, user incentives, and engagement tracking.

“We believe $MGT will fundamentally change the way users and brands perceive and value engagement,” said Jonathan Mui, CEO of Moongate. “$MGT allows users to gain tangible benefits from their interactions, while brands gain access to insights and audiences that reflect their true interests and commitments.”

Key Features of $MGT tokens

The launch of $MGT brings a variety of features to users and brands.

User Staking and Rewards: Users can stake $MGT to earn incentives, receive allocations for exclusive launches, and participate in governance to shape the future development of the protocol.
Create campaigns for brands: Brands can use $MGT to create premium smart token campaigns with expanded features including deep CRM, analytics, and improved discoverability.
Currency for Attention: Brands can use $MGT as a reward to drive interest and engagement from qualified users. This becomes a more efficient customer acquisition channel, enabling a new paradigm where advertising spend goes directly to the end user rather than an intermediary.

For more information on $MGT token economics, visit Moongate’s media outlet.

Community airdrop

In line with Moongate’s promise to reward early supporters, the protocol will distribute a portion of the total $MGT supply through community airdrops. The snapshot was taken on November 15, 2024, and eligible users can now claim $MGT tokens at Claim.moongate.id.

What’s next for Moongate?

With the launch of $MGT, Moongate will expand its platform capabilities while strengthening its partnerships with Web2 and Web3 brands. Future updates include improved staking features, an expanded rewards market, and the launch of MoonPad, a launchpad for partner token campaigns. The goal of these developments is to deepen user engagement and provide brands with powerful tools to create immersive experiences for their audiences.

To learn more about $MGT and Moongate’s vision for the future of notable assets, visit Moongate’s official website.

Introduction to Moongate

Moongate is an attention asset protocol disrupting the $1T+ attention economy. The protocol consists of two main layers: a utility layer, where brands issue smart token campaigns for real-world engagement, and a data layer, where key stakeholders monetize on-chain engagement data at scale. Moongate aims to disintermediate centralized platforms to maximize brand-consumer value. It also introduces an innovative “participation-revenue” mechanism that promotes active consumer participation in brand rewards and $MGT emissions sharing.

To find out more users visit Moongate official website | Twitter | linkedin