$GAMA Whitepaper

WHITEPAPER

The official token of Maga’s world. Brought to you by P00LS.

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Dernière mise à jour:
22.11.2022

Maga unites his worldwide community of dance music fans through his official social token, $GAMA. The vision behind $GAMA is to bridge the gap between the digital and the physical world, to create a borderless space where music lovers can connect freely. $GAMA is the glue that will bring together Maga fans and creative collaborators from around the world. Maga will give $GAMA holders unprecedented access into his universe, to more deeply connect with and reward the community that stands at its core.

Do you want to engage more deeply with Maga? The $GAMA token is your ticket to participate in their journey and access others seeking the same. Get ready to be a founding member of a new kind of community. This whitepaper outlines how token holders can take part in the Maga world.

1. The $GAMA token

A. About Maga

Maga is a music producer & DJ born in Nice, France that is currently residing in Lisbon, Portugal. His career began in 2012 while living in South Africa, where he owned a nightclub in the city of Cape Town. After years of existing within the world of music, Maga chose to follow his heart and embark on his own musical journey as a DJ. Since then, Maga has toured all over the world and performed at huge festivals such as Burning Man. The DJ has been releasing music since 2016, in collaboration with some of the best producers in the world. Maga has released several EP’s and recently dropped his new album “Resona” in March 2022. He now runs a record label called Scenarios with fellow producers Emanuel Satie, Tim Engelhardt, Sean Doron, and Yulia Nikko, as well as his own studio in Lisbon at Som de Lisboa. 

The $GAMA token will allow access to exclusive products, services and IRL events for token holders in the Maga community.

B. What is the $GAMA token?

$GAMA is an ERC20 token issued on the Ethereum blockchain, and the official web3 token of Maga.

$GAMA is the official social currency of Maga’s universe. By holding the $GAMA token, you will gain more access to Maga’s musical universe, while also joining a community of music lovers from all around the world. From giveaways, exclusive music, and guest lists, the $GAMA token will offer you exciting opportunities to experience all things Maga up close and personal. 

C. P00LS x $GAMA

Traditional spheres of influence — from Hollywood to Wall Street and Silicon Valley — are converging more now than ever before, forming a new marketplace with creators and their audiences at the center.

Enter cryptocurrencies: a new way for creators to engage directly with their fans through access to real life and metaverse experiences, products and activities.

P00LS partners with creators to create and distribute their cryptocurrency tokens, leveraging its best-in-class, gamified system to engage the Maga community and incentivize them to earn $GAMA. On the P00LS launchpad, users can earn creator tokens. The $GAMA token will be developed by Maga.

$GAMA tokens can also be bought and sold on the zerozero decentralized exchange. The zerozero DEX is a decentralized protocol, built for and governed by holders of $00, the governance token for the zerozero ecosystem.

For a few months, the token is only available for people to earn for free through the P00LS launchpad. Members of the community have the opportunity to show their engagement and be rewarded for it. This period is called the genesis launch. Once the genesis launch period ends, $GAMA is available on the zerozero DEX and may also be available for purchase and sale through other venues.

2. Earn and use $GAMA

Maga’s worldwide community will be able to earn $GAMA by completing incentives on the P00LS launchpad and scanning QR codes during digital and IRL events. As a token holder, you will earn access to the exciting perks offered by Maga. You’ll get to apply to attend special events and sets for free, participate in giveaways and access exclusive content. The more $GAMA you earn, the more exclusivities you’ll be able to access! 

More details will be revealed on Maga’s socials in the coming months.  

3. $GAMA Distribution

A. Distribution

$GAMA is an ERC-20 token on the Ethereum Blockchain to allow for composability with the broader Ethereum ecosystem. The total supply of the $GAMA token is 100,000,000 and is set to be completely distributed over a five year period.

The rate at which $GAMA is distributed will decrease over the next five years to incentivize and reward early $GAMA token holders.

 

B. Allocation

The $GAMA token will be distributed to Maga as a creator, Maga’s community members such as fans and followers, key partners in Maga’s ecosystem and those engaging with Maga in DeFi.

The allocation structure of the $GAMA token is as follows:

Creator

The Maga will receive 10% of the total supply of the creator token $GAMA. This allocation of tokens will be vested within a four year schedule from issuance.

Creator Ecosystem

The ecosystem surrounding the creator including key partners and companies will receive an allocation of tokens in order to integrate the token into their services and build its utility.

Airdrop to Community

Fans can earn $GAMA tokens on p00ls.io by completing certain actions on the P00LS launchpad. Incentive mechanisms to earn tokens will change over time and new token drops will be announced on the P00LS launchpad. Other earning mechanisms will be introduced in the future.

Community Treasury

$GAMA token holders will have access to a treasury of $GAMA coins that can be used for the benefit of Maga’s web3 community. $GAMA holders will be able to vote with their token on how this treasury is put to use. This treasury will be used to incentivize community growth and positive behaviors within the $GAMA community.

Liquidity

$GAMA token will be used to create the marketplace for $GAMA.

C. Timeline

1. Genesis Drop

A genesis drop for $GAMA takes place in November 2022 at https://launchpad.P00LS.io/.

At this stage, anyone is able to earn $GAMA tokens for free by answering questions and learning things about Maga and its purpose among other actions. These tokens are held in the launchpad by P00LS for earners until token minting.

2. Token Minting

$GAMA is minted after the first drops, and those who have earned $GAMA will be able to claim their tokens directly from P00LS through an airdrop mechanism. Once minted, the tokens will grant access to exclusivity to the $GAMA ecosystem in web3.

3. Marketplace Launch

After the initial launch, the $GAMA token is added to the zerozero DEX. Holders of $00 will create a liquidity pool through an auction mechanism with $GAMA. A portion of $GAMA supply will be given to auction participants in exchange for an amount of $00, which will be used to create the initial $GAMA/00 liquidity pool on the zerozero DEX.

4. Post-Marketplace Launch

After launching $GAMA on the zerozero marketplace, it will become Maga’s official social token. Major holders of $GAMA will have the greatest access to Maga content, perks, events and more.

Launchpad drops and new incentives will take place frequently on the P00LS launchpad and tokens will be up for grabs for anyone. Maga’s Community Treasury allocation will be made accessible to the $GAMA DAO as its vesting period ensues.

5. Token Lockups

During the one (1) year period following the date that the tokens are minted (Initial lock-up period), all tokens deliverable to the creator, creator ecosystem partners (partners, ambassadors, advisors, multisign signers), and P00LS Inc. (if any) shall be subject to an absolute bar on Transfers. Commencing on the expiration of the initial lock-up period, the tokens shall be released from the transfer restriction on a linear block-by-block basis over three years and transferable solely in compliance with all applicable laws, including U.S. securities laws, such that 100% of tokens are unlocked at the four year anniversary of the minting date.