In July we had our first MGS utility token distribution. MGS is a token on the XRPL. We are distributing the MGS token to encourage daily user interaction with the MG.Social platform. Our first MGS use case is for community governance and we have further use cases planned for this year and beyond.
The MGS utility token distribution had a clear impact on our numbers for July and we will look to increase the participation as much as possible when we launch our second distribution in October, 2021.
Thank you to everyone for supporting us as we continue to work on our 2021 roadmap.