## What Is MetaGameHub DAO (MGH DAO)?

MetaGameHub DAO is a hub for open metaverse experiences. MGH is engaged in populating & monetizing LANDs, building games on them and creating unique experiences for communities around the globe.

MGH solves multiple problems the NFT and Metaverse space is currently facing by:

- A valuation algorithm to estimate the fair price of Metaverse LANDs combined with a [user-friendly interface](https://app.metagamehub.io/valuation) to evaluate LANDs

- Creating state-of-the-art metaverse experiences in form of community hubs, games, events and more...

- Offering the [dcl-editor](https://dcl-edit.com/) that makes building in Decentraland a children’s game

- A [Chainlink Oracle](https://www.chainlinkecosystem.com/ecosystem/metagamehub) to push valuation data on-chain

MGH is the native utility token of the DAO and it is used...

- as a medium of exchange for services within MGH’s ecosystem

- for staking linked to revenue-backed network rewards

- to participate in the governance of the MGH DAO

## How does MGH's token model work?

MGH has a long-term revenue-backed burning and staking model which rewards token holders and stakers due to its deflationary nature. When a user pays for services and experiences using $MGH, 40% is burned and 60% distributed as staking rewards. When the user pays with other accepted currencies, 30% is distributed to the MGH treasury and the rest is swapped for MGH tokens (creating buying pressure) and subsequently burned and distributed as staking rewards. Find out more about the token model [here](https://app.gitbook.com/o/FEJAhgGN5Rxsgl1gObrY/s/hGO9vrNibNKFyMrBVuM2/tokenomics/token-model-and-stats#token-model).

## How Many MGH Tokens Are There in Circulation?

MGH started the public membership event on October 14, 2021 with a hard cap of 10,000,000 MGH for $0.1 per token. Including private sales, 31,617,711 MGH tokens were sold before listing.

500,000,000 is the total supply of MGH tokens and will decrease over time due to the deflationary token model.

### Who Are the Initiators of MGH DAO?

MetaGameHub was initiated by [Nicolas Weber](https://www.linkedin.com/in/nicolas97weber/), [Camilo Echeverri](https://www.linkedin.com/in/caem2017/), [Lukas Philipp](https://www.linkedin.com/in/lukasph/) and [Phil Thomsen](https://www.linkedin.com/in/phil-thomsen-b28925216/). For more information about the team working daily on MGH, visit MGH's [contributor section](https://www.metagamehub.io/team).

The initiators came together at the beginning of 2021 looking for solutions to the NFT market inefficiencies. The initial idea of MGH was to collaboratively govern NFTs, but the core concept quickly evolved to a holistic ecosystem of on-chain NFT valuations, analytics and governance. The MGH DAO has over 15 active contributors, over 10 advisors bringing their expertise ranging from finance to the art world, working in 3 different continents with an international community. 

### Where Can I Buy MGH?

Currently, MGH is available for trading on [Uniswap](https://info.uniswap.org/#/pools/0xe9b145aea2a1157dc8b0375f0792b2edce9de709), [Quickswap](https://info.quickswap.exchange/#/pair/0x6512cef10d5314737df3af12fa77d6fd671e5146) and [Bilaxy](https://bilaxy.com/trade/MGH_ETH).

New to cryptocurrency? Read CoinMarketCap’s [easy guide](https://coinmarketcap.com/how-to-buy-bitcoin/) to buying Bitcoin or any other token.

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