Monorix, on its official Twitter (X) handle, announced that the MRX token distribution will begin on August 5th, 2024. Millions of community members are waiting for the token distribution event, and the mining process will end today.
The devs also conveyed that sometimes there will be a slight delay in token distribution. There is no official confirmation of any changes in the date. However, there is a chance that the event will be delayed for a few days.
The Rise of Monorix Gaming
As a Web3 mining game with NFT integration, Monorix gained huge popularity within a short period of time. It has a similar algorithm to other prominent mine-to-earn and tap-to-earn incremental games like Hamster Kombat and Notcoin games.
The gameplay is so simple and won’t consume your time and energy. This effortlessness expanded the number of participants, almost reaching 4 million. Gamers can mine MRX tokens by tapping and rolling a dice. Also, there are numerous other ways to earn MRX. MRX is the native token of Monorix.
The MRX Token
MRX, the foundational token of the Monorix platform, is primarily used as a reward for mining and other in-game tasks. Users can mint the token through the mining game, and use it to buy NFTs and more boosting power. Here are some details of the token:
| Ticker Name | $MRX |
| Past 24-hour Trading Volume | $101,644 |
| All-Time High | $0.0007801 (Jul 29, 2024) |
| All-Time Low | $0.0001081 (Jul 08, 2024) |
The Price-flow of MRX Tokens
10% of the MRX tokens were initially distributed to Key Opinion Leaders and online influencers. So, we can assume that the traffic to the platform is mainly driven by KOLs and influencers.
The 73% incentive allocation of the MRX tokens will be gradually distributed to all the miners, starting from August 5th. With the mining, a certain percentage of the token will often be burned, ensuring a decrease in availability. This scarcity will have an effect on the price in the future.
The MRX token was listed on BingX on June 28th, 2024, and has been showing upward momentum in the charts. Bybit exchange is also planning to list the token. The devs claim that they have reached an agreement with Binance and OKX to list MRX. If this happens we can see another surge in the price.
Key Dates: Sudden Change in Distribution
The Monorix devs additionally said that sometimes there will be a change in the date. There is no insider information about any changes in the date. Probably, the announcement was for security if anything wrong happened.
If you are a participant in the platform, stay updated about the key timings and sudden changes by turning on the notifications for Monorix Twitter (X) handle and the official Telegram channel.
The Trustworthiness of Monorix
Many users are still skeptical about the Monorix platform primarily because of its lack of significant use cases and the need for 1 TON for the withdrawal process. However, there is a strong community for Monorix in Telegram with around 4 million members.
If the community runs smoothly with cooperation and practical decentralization, we can see the platform climbing up the Web3 environment despite its shortcomings. However, involving with cryptocurrency has risks, so it is important to do research before investing.
Final Thoughts: Takeaways
The Monorix mining platform has officially announced the distribution date of the MRX tokens to the participants. The distribution will commence on 5th August 2024. But sometimes, there will be a delay of a few days.
The token has excellent performance in the charts, and users can gain a significant amount of earnings with the distribution. The token is listed in BingX, and holders can cash out the tokens by sending it to BingX.
As the MRX token is showing an upward trend in the charts, it is better to HOLD than sell. Nevertheless, be vigilant and proceed with caution while engaging with Web3 assets. DYOR!
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