Deep Dive
1. Token Supply Dynamics (Mixed Impact)
Overview:
MLC’s total supply is 230M tokens, with 79M circulating (34%). A 3-month cliff post-listing (June 2024) expired in September 2024, and daily vesting unlocks continue. However, the team burned 34% of supply in early 2025 and plans to reduce supply to 100M via buybacks (2% of repurchased tokens burned weekly).
What this means:
Near-term risks include selling pressure from vesting unlocks, but long-term deflation could offset this. If the game’s revenue (funding buybacks) grows faster than unlock-driven sales, scarcity may drive price upward.
2. Play-to-Impact Adoption (Bullish Impact)
Overview:
MLC’s utility hinges on its Play-to-Impact model, where staking $100 unlocks token conversions from in-game diamonds. Google’s #WeArePlay endorsement (25 July 2025) and partnerships with NGOs have driven 380K real-tree plantings, enhancing mainstream appeal.
What this means:
Successful user acquisition (e.g., Twitch campaigns, athlete collaborations) could increase staking demand. Each new player staking $100 creates buy pressure for ~223 MLC tokens at current prices ($0.448), directly linking growth to price.
3. AI-Powered Game Development (Bullish Impact)
Overview:
The team is using AI to accelerate level design and polish gameplay, aiming to rival top mobile titles like Candy Crush. Faster content delivery could improve player retention and in-app purchases, which fund token buybacks.
What this means:
Higher retention increases sustainable revenue for burns, while improved gameplay strengthens MLC’s competitive edge in the saturated Web3 gaming market.
Conclusion
MLC’s price trajectory depends on whether token burns and player-driven demand outpace vesting-related selling. The project’s unique environmental angle and AI-driven scalability offer differentiation, but execution risks remain.
What’s the next key metric to watch?
Circulating supply growth vs. burn rate – can net supply decrease despite ongoing unlocks?