Starting the second Fundraise

Summary

To accelerate MGH DAO to the next level and scale user adoption, we have been working together with the Brinc Metaverse Accelerator (in collaboration with The Sandbox), and Polygon Village Wonders to start the next Fundraise with a $5,000,000 target at a $20,000,000 valuation. This will allow us to scale METAGAMEHUB DAO and take user adoption to the next level as well as further develop our products and improve our platform to seamlessly invest in, build and experience the metaverse. Both Brinc and Polygon have committed to respective investments into METAGAMEHUB DAO token and equity of a SPV which is created as an entity node serving the community and operations of MGH DAO. In gradual phases, the aim would be to expand the MGH DAO community based entity nodes as to further decentralize, yet stabilize the operations.

MGH DAO started its community in 2021 with a “pre-seed” that consisted of an open community fundraise of above $1,600,000 and an additional $450,000 via strategic investors met through community events and conferences. Both the Polygon and Brinc entities acquired respectively a 1,5% stake in the Decentralized Disruption BV company that serves as an entity node layer for METAGAMEHUB DAO and thus its community and the community only. These funds were used to develop MGH´s applications and tools, for marketing and business development, and to form a treasury.

This proposal is aimed at starting the MGH seed round and the official closure of the previous round. The target now is to raise $5,000,000 through the beforehand SPV with equity and token warrants for these investors. The entity utilized will be seen as a “value-adding” entity node. The funds will be mainly used for three areas. Tech development and operations with a planned budget of $3 million. Furthermore $1 million will be used for marketing and business development and $1 million for the secondary market, namely the DCL edit. Please be aware that everything in this proposal might be subject to change based on dynamic governance changes.

Roadmap

After finalizing the fundraise, the focus in the following 18 and more months will be to improve our currently offered products. That includes, for example, connecting the analytic platform and the metaverse builder to provide an end-to-end platform that allows users to invest and build in the metaverse while enjoying the experience as a creator or brand. The below roadmap serves as an indication but not guarantee.

Tokenomics

With the upcoming fundraise there will be changes implemented regarding tokenomics. In general, the proposal is to do a relaunch of the $MGH Token with 1) a swap event for existing holders on a 1:1 basis and better as well as 2) a fresh entry for new investors and partners joining. The general tokenomics of $MGH 2.0 will be as follows:

MGH DAO will release overall 1,000,000,000.00 tokens which will be allocated between six sections. Every section has its own vesting method with a specific period set. 150,000,000.00 tokens will be released to (1) Team & Advisors with quadratic vesting for 5 years. An amount of also 150,000,000.00 tokens is allocated to (2) Community and Platform rewards with a linear and DAO Governance vesting method for 10 years. 125,000,000 tokens will be released to (3) Private Membership where the tokens will be locked up for 6 months, followed by linear vesting for 2.5 years. For (4) Liquidity 50,000,000.00 tokens will be allocated where 50% of the tokens are being released at IDO, with then a DAO Governance vesting for only one year. The largest amount with 325,000,000.00 is being allocated to (5) Treasury. Only 1% of the tokens here are unlocked at IDO, followed by a one-year lockup, and then a linear vesting method for 3 years with DAO Governance is being implemented. For the upcoming (6) Swap Event 200,000,000.00 tokens are allocated where 1% are being released at IDO and then dynamic vesting will take place.

Here is some more information about the tokenomics and the token

Allocation.MGH_Tokenomics: https://docs.google.com/spreadsheets/d/1s-mIGlBEyasEVSjlXwyQTSnXl85Js0RN/edit?usp=sharing&ouid=110368862318235360285&rtpof=true&sd=true

TOKENS: https://docs.google.com/spreadsheets/d/1ruUXSqFMRydST1xcXy4eMJ0Gkyc0sX4MHE3ywMeNfvI/edit?usp=sharing

The ERC-20 MGH token will be on the Ethereum network and have an IDO (DEX Listing) price of $0.020000 and a fully diluted market cap of $20,000,000.0.

The concrete details of the swap event will be proposed within the next few weeks and decided as always by the community.

To conclude, we propose to close the latest funding round and start the second fundraise with the described tokenomics.

Do you agree?