Magic Render Docs
  • 🧠Introduction
  • 🎯Vision and Mission
  • Platform Overview
    • 🎨AI Art Render
      • Key Advantages
    • 🖼️NFT Compatibility
      • Why NFT Integration Matters
      • Key Benefits
      • How to Mint Your AI-Generated Art into NFTs
    • 📊Revenue Sharing Model
      • Mechanism Explained
      • Key Advantages
    • 🛒NFT Marketplace
      • Key Features
    • 🪙Token Ecomomy
      • Utility of $MGR
      • Tax System
      • Deflationary Mechanism
  • Connect
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  1. Platform Overview
  2. Token Ecomomy

Utility of $MGR

$MGR is a multi-purpose token designed to fuel every aspect of the MagicRender ecosystem. Its core functions include:

  • Image and Video Creation: Users spend $MGR to create AI-generated images and videos.

  • Minting NFTs: After creating a digital work, users can mint it as an NFT using $MGR tokens.

  • Marketplace Transactions: $MGR is used to trade digital assets within MagicRender’s marketplace.

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Last updated 6 months ago

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