Frequently Asked Questions (FAQ)
Welcome to the Malaya Infinity Coin 777 (MIC 777) FAQ page! Whether you’re new to the community or an active member, this section is designed to answer your most common questions about MIC 777, our mission, and how you can engage with the ecosystem.
Here, you’ll find information about everything from the Malaya Token Evolution, giveback programs, and Phoenix Arena, to the specifics of NFTs, multisignature wallets, and escrow features.
If you don’t see your question answered here, feel free to reach out to our team. We’re always here to help and ensure you have the best experience as part of the MIC 777 community!
Malaya Infinity Coin 777 (MIC 777) is a hybrid memecoin designed to empower communities within the XRPL ecosystem. It combines fun and utility, offering interactive experiences, a charity component, and unique opportunities for community engagement.
MIC 777 aims to bring together a vibrant, engaging community, supporting the growth of the XRPL ecosystem, and giving back benefits to the holders. The project fosters mutual support, reciprocity, and empowers holders through community-driven initiatives.
The “Malaya Token Evolution” refers to the transition from the previous xMalaya token to Malaya Infinity Coin 777 (MIC 777). This evolution aligns the community with the new vision, including enhanced utilities, governance, and interactive experiences.
You can set a trustline for MIC 777 starting from January 7, 2024. Instructions for setting up a trustline will be provided on our website and social media channels. Ensure you have a compatible XRPL wallet, such as Xumm, and sufficient XRP to cover the trustline reserve fee.
You can participate by purchasing MIC 777 tokens, joining the community, and engaging in activities like voting on decisions, contributing to charity initiatives, or taking part in events within the Phoenix Arena.
The MIC 777 presale will run from January 7 to March 7. This will support the initial funding, giveback, and development of the project. During this period, you can purchase tokens at a discounted rate before the official launch.
A portion of the funds from the presale and referral fees will be allocated to Malaya Infinity initiatives, such as the Phoenix Vault, charity projects, and future developments in the Phoenix Arena.
You can refer others through our referral program, which rewards you with XRP for each successful referral. A portion of the referral fees will be given back to the community to support initiatives and projects.
The buyback mechanism uses funds from the presale to buy back MIC 777 tokens from XRPL projects, XRP, or BTC. This helps maintain the stability and value of the token. Help potential project grow and for Malaya Infinity will earn a monthly revenue that we will giveback a percentage to our community and reinvest.
The Phoenix Vault is a special savings vault for the MIC 777 community. It is designed as a lifetime savings plan to empower and support community members, offering a long-term investment opportunity for holders. It give back XRP monthly from the profit earned from staking and living trading of XRP.
The Phoenix Arena is a community-driven gaming and activity platform designed to bring MIC 777 holders together for interactive experiences. It serves as a space for:
- Games and Activities: Engage in simple games and challenges initially hosted through Elementor, with plans for more advanced gaming features developed over time.
- Community Bonding: Strengthen connections among community members by participating in group challenges, events, and competitions.
- Exclusive Rewards: Win prizes, giveaways, and unique opportunities by actively participating in the Phoenix Arena activities.
- Decision-Making Hub: Collaborate on voting and governance decisions related to the MIC 777 ecosystem.
Community members play a vital role in the decision-making process. They will have voting rights on important matters such as the buyback strategy, charity initiatives, and exchange listings.
Holders of MIC 777 will benefit from various initiatives, including Phoenix XRPL Buyback and Vault xrp giveback to all eligible holders, access to exclusive events, governance rights, referral rewards, and involvement in the growth and success of the project.
To get started, create a wallet Xaman (Xumm) powered by XRPLedger, Set a trustline of MIC777, and purchase MIC 777 tokens during the presale, and join our community on social media and through our platforms for the latest updates and events.
The top 10 holders of MIC 777 will act as the guardians of the multisignature wallet, managing key funds like the Phoenix Buyback, Phoenix Vault, and Phoenix Arena. They will help ensure transparency and accountability.
Yes, we plan to list MIC 777 on exchanges, and the community will have a voice in voting for the exchange listings. The listing process will be community-driven.
The burning strategy will involve periodic token burns, decided by the community. This helps reduce supply, potentially increasing value for holders.
Yes, NFTs will be an exciting part of the Malaya Infinity ecosystem! We plan to integrate NFTs into various aspects of the project to enhance community engagement and add unique value. Potential NFT use cases include:
- Phoenix Arena NFTs: Exclusive game assets, avatars, and event tickets.
- Community Memberships: Tier-based NFTs offering special perks like early access to events or VIP rewards.
- Collectibles: Limited-edition Phoenix-themed NFTs that commemorate key milestones or community achievements.
- Governance Representation: NFTs for the top 10 holders who serve as guardians of the multisignature wallet.
- Loyalty Rewards: NFTs as badges of honor for dedicated supporters.
- Charity Initiatives: NFT collections supporting community-driven charitable projects.
Yes, Malaya Infinity plans to launch an exclusive merchandise line to celebrate the community and brand. The merch will include high-quality items featuring designs inspired by the Phoenix theme and Malaya Infinity’s mission. Possible items include:
- Clothing: T-shirts, hoodies, caps, and jackets with the MIC 777 logo and Phoenix-inspired designs.
- Accessories: Keychains, phone cases, mugs, and tote bags showcasing unique artwork.
- Collector’s Items: Limited-edition merchandise tied to special events, milestones, or NFT collections.
- Gaming and Tech Gear: Mousepads, gaming keyboards, or accessories for the Phoenix Arena community.
- Customizable Merchandise: Personalized items for top supporters or community leaders, like their wallet address or unique NFTs.
The merch will also be tied to the community’s activities, with exclusive items for loyal members, presale participants, or winners of Phoenix Arena challenges. Proceeds from merchandise sales may support community-driven initiatives or the Phoenix Vault.
Yes, the Phoenix Arena will feature a dynamic leaderboard to track and showcase the top-performing community members. The leaderboard will include:
- Top Gamers: Ranking members based on their performance in games and challenges.
- Referral Leaders: Highlighting users who have referred the most participants to MIC 777.
- Community Contributors: Recognizing those who actively engage in voting, events, and discussions.
- Special Categories: Seasonal or event-specific leaderboards, such as charity contributions or exclusive tournament winners.
Benefits of Being on the Leaderboard
- Recognition: Gain visibility and status within the community.
- Exclusive Rewards: Earn unique prizes, NFTs, or merchandise.
- Special Privileges: Access to VIP events, Phoenix Vault bonuses, or governance roles.
The leaderboard will be updated regularly and made visible on the Phoenix Arena platform, motivating community members to stay active and involved.
The xMalaya token will transition into the Malaya Infinity Coin 777 (MIC 777) as part of the Malaya Token Evolution. This process honors the history of xMalaya while aligning with the new vision of empowering communities through MIC 777.
Key details about the transition:
- Token Conversion: A portion of MIC 777 tokens will be allocated to previous holders of xMalaya as part of the migration plan.
- XRP Giveback for Loyalty: XRP rewards from the presale will be allocated to loyal xMalaya holders as part of our appreciation for their continued support.
- Preservation of Legacy: The evolution represents a continuation of the community’s journey, building on the foundation of xMalaya’s mission.
- Community Involvement: Existing xMalaya holders are encouraged to join the MIC 777 community to participate in the new ecosystem, including voting, games, and governance.
Further details about the migration process, including timelines, XRP giveback allocations, and instructions, will be provided to ensure a smooth and transparent transition for all xMalaya holders.
An escrow is a feature on the XRP Ledger that allows funds to be locked and only released under specific conditions, such as a set time or the completion of a goal.
In the MIC 777 project, escrow may be used for:
- Token Vesting: Locking tokens for specific durations to ensure long-term commitment to the project.
- Charity Initiatives: Locking funds until milestones are achieved or conditions are met.
- Referral Rewards: Temporarily holding XRP rewards until referral terms are fulfilled.
Escrow ensures transparency and guarantees that funds are used as intended, building trust within the community.
A multisignature (multisig) wallet is a type of cryptocurrency wallet that requires multiple signatures (approvals) from authorized users to execute transactions.
In the MIC 777 ecosystem, multisig wallets will be used for:
- Phoenix Vault: Securing community savings.
- Phoenix Buyback: Managing funds for token buybacks.
- Phoenix Arena Rewards: Distributing prizes and rewards transparently.
The top 10 holders of MIC 777 will serve as guardians of the multisig wallet, ensuring that no single person can access or misuse funds without community consensus. This enhances security, transparency, and fairness.
To qualify for givebacks, you must hold a minimum required amount of MIC 777 tokens in your wallet. The specific minimum amount will be decided by the community through voting, ensuring that the process is transparent and fair.
How it Works:
- Snapshot Mechanism: Periodic snapshots will be taken to determine eligibility for givebacks.
- Minimum Holding Requirement: You must hold at least the minimum amount of MIC 777 tokens set by the community.
- Community Decision: The community will vote on the minimum holding amount required for givebacks, and this may be adjusted based on feedback and project needs.
Why This Rule Exists:
The minimum holding requirement is designed to ensure that givebacks are allocated to dedicated and long-term supporters of the project. By involving the community in deciding the threshold, we ensure that the system remains fair and aligned with the community’s goals.
If you’re planning to sell or trade your MIC 777 tokens, keep an eye on the community votes and snapshot dates to ensure you remain eligible for future givebacks.
By participating in the MIC 777 presale, you’ll have the opportunity to earn both XRP givebacks and MIC 777 airdrops! Here’s how it works:
1. Buy MIC 777 During the Presale
- Presale Access: Purchase MIC 777 tokens during the presale period to become eligible for special rewards. The presale will run from January 7 to March 7.
- Get XRP Giveback: A portion of the XRP raised during the presale will be allocated as givebacks to participants, rewarding those who support MIC 777 from the start.
- Earn MIC 777 Airdrop: All presale participants will receive exclusive MIC 777 airdrops based on the number of tokens purchased. These airdrops will be distributed after the presale ends.
2. How It Works?
- XRP Giveback Allocation: When you buy MIC 777 during the presale, you automatically qualify for a share of the XRP giveback, which will be allocated based on the amount of tokens you purchase.
- Airdrop Eligibility: By purchasing MIC 777 during the presale, you will be added to the airdrop list to receive free MIC 777 tokens after the presale concludes.
3. Why Participate?
- Early Supporter Rewards: Buying during the presale gives you early access to MIC 777, and rewards you with additional tokens through givebacks and airdrops.
- Strengthening the Community: Your participation helps drive the success of MIC 777, contributing to the growth and development of the ecosystem.
Participating in the Malaya Infinity Coin 777 (MIC 777) airdrops is easy! Here’s how you can get involved:
1. Follow the Community Updates
- Stay Informed: Join our official social media channels (Telegram, Twitter, Discord, etc.) to receive announcements and details about upcoming airdrops.
- Airdrop Notifications: We will regularly update the community on the airdrop schedules, eligibility criteria, and instructions for claiming.
2. Meet the Airdrop Criteria
- Non-Holders Airdrop: Airdrops are available to both new and existing members of the community. If you’re new, simply follow the steps outlined in our announcements to claim your airdrop.
- Holder Airdrop: If you’re an existing holder of MIC 777, you’ll automatically be considered for the holder’s airdrop based on the amount of tokens you hold in your wallet.
- Loyal Supporter Airdrop: Active community members, including those who have referred others, may be eligible for additional givebacks or airdrop bonuses as part of our loyalty initiatives.
3. Set Up Your Trustline (If Needed)
For a smooth airdrop process, you may need to set up a trustline with MIC 777 if you’re on the XRPL. Instructions for setting up a trustline will be provided during the airdrop announcements.
4. Participate in Community Events
- Engage and Win: You can earn additional airdrop opportunities by participating in community events, contests, or Phoenix Arena challenges.
- Referral Program: Share the word about MIC 777 and invite others to join the ecosystem to earn extra rewards.
Once the airdrop is live, you’ll receive your tokens directly to your wallet based on the eligibility requirements!
Let me know if you’d like to add any further details on the specific airdrop process or if you’d like me to clarify anything!
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Here’s an updated FAQ entry about how to earn XRP giveback and MIC 777 airdrop by buying during the presale:
26. How can I earn XRP giveback and MIC 777 airdrop by buying during the presale?
By participating in the MIC 777 presale, you’ll have the opportunity to earn both XRP givebacks and MIC 777 airdrops! Here’s how it works:
1. Buy MIC 777 During the Presale
- Presale Access: Purchase MIC 777 tokens during the presale period to become eligible for special rewards. The presale will run from January 7 to March 7.
- Get XRP Giveback: A portion of the XRP raised during the presale will be allocated as givebacks to participants, rewarding those who support MIC 777 from the start.
- Earn MIC 777 Airdrop: All presale participants will receive exclusive MIC 777 airdrops based on the number of tokens purchased. These airdrops will be distributed after the presale ends.
2. How It Works
- XRP Giveback Allocation: When you buy MIC 777 during the presale, you automatically qualify for a share of the XRP giveback, which will be allocated based on the amount of tokens you purchase.
- Airdrop Eligibility: By purchasing MIC 777 during the presale, you will be added to the airdrop list to receive free MIC 777 tokens after the presale concludes.
3. Why Participate?
- Early Supporter Rewards: Buying during the presale gives you early access to MIC 777, and rewards you with additional tokens through givebacks and airdrops.
- Strengthening the Community: Your participation helps drive the success of MIC 777, contributing to the growth and development of the ecosystem.
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