Moongate Launches $MGT Token To Drive New Era of Engagement In The Attention Economy

HONG KONG, Hong Kong, November 28th, 2024/Chainwire/--Moongate has officially launched its native 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 attention asset protocol for real-world activations. Launched in 2022, 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 empowered thousands of brands to launch smart token campaigns, driving engagement from more than 1.7 million end users.

\ As the digital landscape continues to evolve, the $MGT token introduces a structured, incentive-based model for brands and consumers alike.

\ Designed to support real-world brand activations, loyalty programs, and consumer engagement, $MGT allows users to earn rewards through participation in token-based campaigns while brands can leverage the protocol to interact more meaningfully with their audiences.

$5.2M in Funding and Upcoming Exchange Listings for $MGT

To achieve this vision and further fuel growth, Moongate successfully secured over $5.2 million in total funding.

\ This includes investments from CMCC Global, Cogitent Ventures, and Token Bay Capital, as well as public sale proceeds from multiple Tier-1 launchpads. The fundraise reflects strong market interest in Moongate Protocol and $MGT, highlighting growing recognition of Moongate’s role in the attention economy.

\ Following the launch of the $MGT token, it is now trading on Bitget, KuCoin, Gate.io, MEXC, and PancakeSwap.

Bridging Digital and Real-World Engagement

Moongate’s platform empowers brands to create and distribute smart tokens, offering a streamlined solution for businesses to connect directly with users both online and offline.

\ Through initiatives such as NFT memberships, event tickets, and token-gated benefits, Moongate facilitates real-world utilities for brands.

\ $MGT is at the core of this ecosystem, serving as the primary medium for rewards, user incentives, and engagement tracking.

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“We believe that $MGT will fundamentally shift how users and brands perceive and value engagement,” said Moongate’s CEO, Jonathan Mui.

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“With $MGT, users gain real benefits for their interactions, while brands can access insights and audiences that reflect genuine interest and commitment.”

Key Features of the $MGT Token

The launch of $MGT brings multiple features to users and brands:

• User Staking and Rewards: Users can stake $MGT to earn incentives, receive an allocation to exclusive launches, and participate in governance, shaping the protocol’s future development.
• Campaign Creation for Brands: Brands can use $MGT to create premium smart token campaigns with expanded functionalities, including an in-depth CRM, analytics, and improved discoverability.
• Currency for Attention: Brands can utilize $MGT as a reward to capture eligible users’ attention and engagement. This becomes a more efficient customer acquisition channel, enabling a new paradigm where ad-spent goes directly towards the end-user (rather than any intermediaries).

\ For more information about $MGT tokenomics, users can visit Moongate’s Medium.

Community Airdrop

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

What’s Next for Moongate

With the launch of $MGT, Moongate is set to expand its platform features while strengthening its partnerships with both Web2 and Web3 brands.

\ Upcoming updates include enhanced staking features, an expanded rewards marketplace, and the release of MoonPad, a launchpad for partner token campaigns.

\ These developments aim to deepen user participation and provide brands with powerful tools to create immersive experiences for their audiences.

For more information on $MGT and Moongate’s vision for the future of attention assets, users can visit Moongate’s official website.

About Moongate

Moongate is an attention asset protocol disrupting the $1T+ attention economy. The protocol consists of two key layers—a utility layer for brands to issue smart token campaigns for real-world engagement, and a data layer where such on-chain engagement data are monetized at scale by key stakeholders.

\ Moongate aims to disintermediate centralized platforms to maximize brand-consumer value. It also introduces an innovative “engage-to-earn” mechanism that promotes active consumer participation for brand rewards and a share of $MGT emission.

To learn more users can visit Moongate's Official Website | Twitter | LinkedIn

Contact

CEO

Jonathan Mui

Moongate

[email protected]

:::tip This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here

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