MetaverseGo Credits or MGC is a virtual platform currency whose value is pegged to the USDC stablecoin.
When users play play-to-earn games, they earn tokens as rewards. These tokens are converted to MGC using a conversion rate. MetaverseGo applies the market exchange rate at the time of transfer of tokens to MetaverseGo wallet.
- On September 17 at 12:01 pm, you transferred 10,000 SLP earnings from Axie Infinity to MetaverseGo.
- At the exact time of transfer, prevailing exchange rate is 1 SLP = 0.004 MGC.
- This means that you will receive 40 MGC (computed as 10,000 × 0.004).
Before transfers are initiated, any game earnings will still be displayed in your MetaverseGo wallet as pending MGC, and will be reflected temporarily as an estimated amount based on the current exchange rate.