A note on purpose
Before describing the tokens, it is worth stating what they are for. Majestic tokens are instruments of transfer and settlement. They are not designed, sold, or intended as investments, and this site makes no claim about what any of them will be worth.
That is not merely a legal position. A currency that constantly appreciates is a poor currency — holders hoard it rather than spend it, and it stops doing the one job it exists to do. Useful money is stable money.
MJT — the native token
MJT is the unit through which the network operates. It pays transaction fees, supports network participation, and will carry governance rights as decentralised governance is introduced.
If Majestic succeeds, MJT is the token that quietly does the work — the one you spend without thinking about it, in the way you do not think about the mechanics of a card payment.
MJX — the settlement stablecoin
MJX is the instrument in which value actually moves. When a remittance crosses a corridor, it crosses as MJX.
Its supply is managed through controlled issuance and redemption to hold its peg. It is not an algorithmic stablecoin and does not depend on the reflexive mechanisms that have failed elsewhere in this industry — designs where a peg is maintained by market confidence alone hold until the moment confidence breaks, at which point they fail completely.
MJX is underpinned by a portfolio of mineral rights held under licence in the United Republic of Tanzania.
MGC — Majestic Gold Coin
MGC is linked to licensed mineral assets, principally the Masagalu gold project in Kilindi District, Tanga Region, Tanzania.
That deposit has been independently assessed and valued by the Chief Government Valuer at Tanzania's Ministry of Mining — not by a valuer we commissioned.
| Average grade | 13.0 g/t |
|---|---|
| Ore resource | 778,842 tonnes |
| Contained gold (estimated) | 357,804 oz |
| Recoverable (after dilution) | 322,024 oz |
| Licence area | 0.94 km² |
| Assessment | Chief Government Valuer, Ministry of Mining, Tanzania, 7 March 2023 |
For context, most producing open-pit gold operations run at 1–2 g/t. Grade is this deposit's defining characteristic.
MGC has a fixed supply set at deployment, with no mint function. Supply cannot be expanded after issuance — not by us, not by anyone.
What MGC is not
We would rather state this plainly than have it discovered later.
- MGC is not redeemable for physical gold.
- It confers no ownership interest in any mine, licence, or underlying asset.
- The resource figures above are estimates of material in the ground — not extracted, refined, or custodied metal.
- They are resources, not reserves. The study notes that continuing work may change project parameters.
- The assessment was prepared under the Tanzanian regulatory framework and is not reported under JORC, NI 43-101 or SAMREC.
Should Majestic hold allocated physical gold in custody in future, redeemability and its conditions would be specified at that time. Until then MGC is mineral-linked, and we will not describe it as anything else.
Migration
All three assets are moving to the Layer 2 network. Existing holders verify their holdings against a snapshot and receive the corresponding token. Read how the migration works. The full technical and economic detail is set out in the Majestic Paper.
Mineral resource figures are estimates prepared under the Tanzanian regulatory framework and are not reported under JORC, NI 43-101 or SAMREC. Resources are not reserves. Majestic tokens are not redeemable for physical gold or minerals and confer no ownership interest in any mine, licence or underlying asset. Nothing on this page constitutes an offer to sell or a solicitation to buy any security, and no return, yield or appreciation is offered, promised or implied.
← Back to Majestic Chain