Hello everyone, it’s MateoXRP with MG.Social. In this post we are going to look back on the progress we had in 2021. We then look ahead to what we have planned for the MG.Social platform in 2022 and beyond.
To celebrate, from now until
9/30/21 11:59 PM PST September 16th, 2021 we are going to run a one-time distribution of MGS utility tokens.
Any XRPL account activated on or before 9/01/21 that has a trust line to the MGS utility token is eligible to participate and claim 300 MGS.
Today we are going to look at MG.Social’s statistics and analytics to measure our progress for the months of June and July, 2021.
Our first MGS utility token distribution took place in July, when 32,000 MGS were distributed to the community as a reward for daily engagement on the MG.Social platform.
MGS is a token on the XRPL. Our first MGS use case, as detailed in our previous blog, is for MG.Social governance voting. We have additional MGS use cases planned that will be launching this year and into 2022.
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Let’s see how we did for the 6th and 7th months of 2021.
MG.Social users that are participating in the first MGS utility token distribution can use their MGS utility tokens to vote in the first MG.Social community governance vote.
Our first vote will decide the next XRPL token that will be integrated for tips on MG.Social postings. The available options are CasinoCoin (CSC), Sologenic (SOLO), Bitstamp IOUs, Gatehub IOUs or no further additions.
All MGS utility tokens used for the first governance vote will be locked up until the conclusion of the vote on August 8th, 2021. Then will be released back to the sender after the vote has concluded.