The MOGA Tokenomics Evolution, which we previously got a sneak peek of last month, is now officially live in Monster Galaxy, a monster-taming mobile game.

With this new update, the developers will be rolling out various different changes throughout the first quarter of this year that are focused on improving the utility of the game’s core token, $GGM, while adding in a new token called GCoin and an in-game currency named MGold.

The team has started off with decreasing the supply of $GGM by burning 655 million unvested tokens. According to the announcement article, once this burn is done by April 1st, there will be 345 million “outstanding GGM tokens remaining.”

Once this is completed, there will be a couple of Buyback and Burn Events starting on April 1st, through which the developers will purchase outstanding tokens at 15% monthly revenue. These bought back coins will also end up being burned.

As for the upcoming new token, GCoin, it will be a 100% USD-backed stablecoin that will be used as the only official token for transactions on the game’s marketplace. By introducing this new token, the team expects that the stablecoin will make the “prices of NFTs and Game Items” listed on the marketplace become more stable than before. On the other hand, MGold, the new in-game currency, is designed to be used for the Gacha feature, for playing mini-games as well as for purchasing and upgrading various items.

More detailed information can be found in the official Medium post here.