> For the complete documentation index, see [llms.txt](https://megadice-whitepaper.gitbook.io/blocksniper-whitepaper/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://megadice-whitepaper.gitbook.io/blocksniper-whitepaper/tokenomics.md).

# Tokenomics

Total Supply: 10,000,000 $MDICE

Utility:

* $MDICE is the official wagering token within our ecosystem.
* On each bet placed, a 10% fee is applied, contributing to the overall ecosystem growth.
* Of this fee, 5% is redistributed to token holders, incentivizing ownership and participation.
* The remaining 5% is allocated towards platform development, marketing, and community engagement.

Rewards and Staking:

* Holders earn passive rewards through the 5% redistribution mechanism, encouraging long-term engagement.
* Staking opportunities allow users to actively participate in securing the network and earn additional rewards.
* A tiered staking model offers increased rewards for larger stakes, promoting deeper engagement.

Scarcity and Demand:

* The fixed supply of 10,000,000 $MDICE creates a sense of scarcity, potentially driving demand as the ecosystem grows.
* As adoption increases and the ecosystem flourishes, the utility and value of $MDICE may rise, benefiting early adopters.

<figure><img src="https://1285107745-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FgDZVk9aqtcuKiIHPuACk%2Fuploads%2F3qa3V3uWwPJ7RIQtCPg4%2FIMG_1858.jpeg?alt=media&amp;token=a6507615-bb6f-46c0-ad4c-e21235039ddb" alt=""><figcaption></figcaption></figure>