What does the $MZR Token stand for? Usage, utility, and benefits explained

Mazuri City provides a unique gaming experience through in-depth hand-to-hand combat PvP and PvE, along with Blockchain technology integration. At the heart of Mazuri GameFi lies the $MZR token* which provides certain utilities** and is listed on UniSwap, LBank, and BitMart, with additional listings to be announced very soon.

Mazuri GameFi incorporates a monetary reward system based on key-value factors, facilitated by a solid and balanced economy supported by blockchain mechanics. The development team is encouraging human innovation and advancement in the real world by utilizing the virtual world as a testing ground for economic and management research. Mazuri GameFI operates on a token system with the support of the Ethereum ecosystem which will allow players to be rewarded with $MZR tokens.

What is $MZR token

$MZR goes beyond being merely a token; it’s the heartbeat of the Mazuri gaming experience. As a deflationary token with a fixed supply of 350,000,000, $MZR provides specific utilities that are continuing to grow as the community contributes feedback.

$MZR utilities

The native token of Mazuri GameFi serves various purposes, encompassing in-game transactions and engagement in duels, brawls, and tournaments with fellow players, which requires the organizer to lock a specified amount of $MZR tokens before the end of the tournament. Upon the event’s success, organizers gain the ability to unlock the previously locked tokens.

Tournaments

Tournaments, organized by game-masters, occur regularly and cater to different fighter ranks, offering substantially larger prizes to the winners. At the moment, Mazuri organizes weekly, monthly, and seasonal tournaments.

Their biggest tournament so far has boasted a massive prize pool of 5,000 USDT — Mazuri GameFi Winter Event — which unfolded from December 22, 2023, until December 31, 2023. This thrilling festive New Year’s Quest with sixteen winning spots up for grabs attracted the attention of thousands of global players. Continuing the excitement, Mazuri regularly announces weekly quests. The latest tournament started on February 8, 2024, in VIP Lounge Lockdown.

In the future, all users will have the opportunity to organize and earn from their own tournaments.

Duels

Duels involve one-on-one combat scenarios that can occur anywhere in the city. Players challenge each other, specifying the amount they want to wager on themselves and the number of rounds they intend to engage in. The winner claims 95% of the total pool and gains Street Cred, while the loser loses Street Cred. However, players are more than welcome to fight each other without betting on themselves. In this case, players will still earn or lose Street Cred.

Brawls

Brawls, on the other hand, are either Free-For-Alls or player-organized tournaments with unique fees, regulations, and rewards. In this mode, players have the opportunity to earn their Street Cred and tokens collaboratively as a team.

Gang Wars

Gang Wars involve players participating in conflicts either individually or as a group, attacking rival gangs without consent. Engaging in gang wars provides incentives, allowing players to roam the city and target opposing gangs, even raiding their territories and seizing tokens.

The native token of Mazuri Citycan also be used to acquire in-game vehicles, real estate (apartments, houses, gyms), services, e.g. “Manager” services, as well as bonuses from the manager, obtain customization items, utility-backed companions, and more.

Cyber-estate

The concept of cyber-estate introduces the ability for players to buy customizable in-game apartments and houses. These properties can be adorned with furniture and decorations, providing a venue for hosting brawls. Additionally, players have the option to establish their cyber-estate as a hub for their gang.

$MZR also facilitates game entry, with the NFT of the player’s character minted upon purchase with the $MZR token. Players have the flexibility to postpone the minting of their characters and engage in gameplay, earning Street Cred, $MZR, and Strike NFTs. However, any transfer or withdrawal of assets is restricted until the character is minted. It’s worth noting that the minting cost increases with the accumulation of higher Street Cred by the character.

Finally, $MZR can be utilized to acquire exclusive celebrity NFTs from the Mazuri marketplace. All proceeds from marketplace transactions contribute to the buying and burning of the $MZR token.

$MZR listings — a big progress so far

$MZR is currently listed on UniSwap, LBank, and BitMart, with additional listings to be announced pretty soon. For those interested in monitoring the token’s performance, it can be conveniently tracked on CoinMarketCap by adding it to the Favorites list.

Mazuri GameFI offers a distinctive opportunity for players to convert in-game virtual earnings into tangible income. In contrast to many game developers who impose restrictions on asset ownership and resale, Mazuri fully embraces the concept of decentralized, self-sovereign asset ownership facilitated by blockchain and NFT marketplaces.

The vision of the development team is to encourage the monetization of time invested in the virtual world and highlight the ability of this monetization to expand beyond the game to the real world. In this model, digital assets consistently remain under the ownership of the player, and the crypto-assets earned can be seamlessly converted into real currency.

The Mazuri team firmly believes that such a plexus of the token’s utility and game mechanics represents the future of gaming models, emphasizing a paradigm where players have greater control and flexibility in realizing the value of their virtual assets in the real world.

Join the Mazuri Metaverse right now to test this amazing model and follow Telegram to stay tuned for the game updates.

For more information about the token, please, see the Whitepaper — Tokenomics.

*Any information provided regarding the $MZR token in this article is not an investment proposal. $MZR is purely a utility token that can be used as a game coin in the online game MAZURI GAME-FI. By purchasing $MZR utility tokens, you independently assess the level of risk involved and agree to the Terms of Service. Read more about using $MZR utility tokens on Mazuri.io in the Terms of Service.

**Mind that all token utility is subject to change at the discretion of the development team and the community’s feedback, but that any change will not alter the value that players already hold.