MiraclePlay (MPT) Crypto Coin Explained: What It Is, How to Trade, and Risks
Oct, 24 2025
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MiraclePlay (MPT) is a utility token that powers a blockchain‑based esports tournament platform. The token lives on the Ethereum network as an ERC‑20 asset and aims to bring transparency, automated prize distribution, and decentralized governance to competitive gaming.
What is MiraclePlay (MPT) and why does it exist?
MiraclePlay was launched in 2021 to fix a core problem in traditional esports: the lack of clear, tamper‑proof rules and prize handling. By embedding tournament logic into smart contracts, the platform promises that every match result, entry fee, and payout is recorded on an immutable ledger. This eliminates the need for a central organizer to manually verify scores or disperse winnings.
The token’s primary role is three‑fold:
- Pay entry fees and reward winners in tournaments.
- Serve as a governance token, allowing holders to vote on platform upgrades, game additions, and fee structures.
- Incentivize developers and sponsors through token‑based partnership programs.
Because the ecosystem is built on Ethereum, the token inherits the network’s security guarantees while leveraging its vast developer community.
Technical basics - ERC‑20, supply, and contract details
MiraclePlay is an ERC-20 token with a fixed total supply of 3 billion MPT. The smart‑contract address is 0x2237C1299473b80C5F482E4974D8A0eCc318f775, verified on multiple block explorers. About 1.1 billion tokens are currently circulating, meaning roughly 36% of the total supply is in the hands of users, exchanges, and the project’s treasury.
Key attributes:
- Total supply: 3,000,000,000 MPT
- Circulating supply (Oct 2023): ~1,050,000,000 MPT
- Network: Ethereum (ERC‑20)
- Contract audit: No publicly disclosed third‑party audit as of Oct 2025
The absence of a recent audit is a red flag for risk‑aware investors, especially given the token’s modest market cap.
Current market snapshot
As of the latest data (Oct 2023), MiraclePlay trades primarily against USDT on four niche exchanges: Deepcoin, BingX, Gate.io, and GoPax. Prices hover between $0.0065 and $0.011, reflecting a steep drop from its all‑time high of $0.1384 (Mar 2024, data anomaly noted). The market cap sits around $7 million, ranking it outside the top 1,400 crypto assets.
| Metric | MiraclePlay (MPT) | Gala (GALA) | Immutable X (IMX) |
|---|---|---|---|
| Network | Ethereum (ERC‑20) | Ethereum (ERC‑20) | Ethereum (ERC‑20) |
| Total Supply | 3 B | 35 B | 1 B |
| Circulating Supply | ≈1.1 B | ≈24 B | ≈530 M |
| Market Cap (Oct 2023) | ~$7 M | ~$1.1 B | ~$480 M |
| Primary Exchanges | Deepcoin, Gate.io, BingX, GoPax | Binance, KuCoin, Huobi | Binance, Coinbase, Kraken |
| 24‑hr Volume | ≈$300 K | ≈$150 M | ≈$80 M |
The table makes clear that MPT operates on a dramatically smaller scale, which translates into higher price volatility and liquidity risk.
How to acquire MiraclePlay (MPT)
Because the token isn’t listed on major platforms like Binance or Coinbase, you’ll need an account on a niche exchange. The most straightforward route is:
- Set up a wallet that supports ERC‑20 tokens (e.g., MetaMask, Trust Wallet).
- Register on Deepcoin (or Gate.io) and complete KYC if required.
- Deposit USDT or ETH into your exchange wallet.
- Place a market order for MPT/USDT (or MPT/ETH) at the current price.
- Transfer the purchased MPT back to your personal wallet for safer storage.
Be prepared for slippage: the order book depth often shows less than 2% of total volume on either side, meaning a $5,000 trade can shift the price noticeably.
Risk factors and common criticisms
Below are the most frequently cited concerns:
- Liquidity scarcity: With only four exchanges listing MPT, large orders cause price swings and high transaction fees.
- Low market cap: At ~$7 M, the token is vulnerable to market manipulation and rapid dump cycles.
- Limited institutional backing: Only a single venture firm (Kukita) is recorded as an investor, compared to multi‑VC rounds for peers.
- Development stagnation: No major roadmap updates since early 2024, raising doubts about product adoption.
- Regulatory gray area: If tournament prize pools are considered securities, the token could face legal scrutiny under the Howey Test.
On the flip side, the community shows high optimism (96% bullish sentiment in a RootData poll), but sentiment alone doesn’t offset the fundamentals.
Potential upside scenarios
Investors sometimes point to three “catalysts” that could revive MPT’s price:
- Major exchange listing: A Binance or Coinbase listing would instantly increase liquidity and exposure.
- Product milestones: Launch of a live tournament with notable sponsors could prove utility and draw users.
- Partnerships with game developers: Integration with popular titles (e.g., Fortnite, Valorant) would drive token demand.
These are speculative; none have materialized as of October 2025.
Final thoughts - should you consider MPT?
If you’re a seasoned crypto trader looking for a high‑risk, low‑price asset with a niche use‑case, MPT could fit a small portion of a diversified portfolio. However, for long‑term investors or those averse to liquidity headaches, more established gaming tokens like GALA or IMX present clearer value propositions.
Always do your own research, check the latest contract audits, and never invest more than you can afford to lose.
Frequently Asked Questions
What network does MiraclePlay (MPT) run on?
MPT is an ERC‑20 token on the Ethereum blockchain, using the standard Ethereum address format.
Where can I buy MPT?
The token is listed on niche exchanges like Deepcoin, Gate.io, BingX, and GoPax. You’ll need an ERC‑20 compatible wallet and USDT or ETH to trade.
What is the total supply of MPT?
The total supply is fixed at 3 billion tokens, with about 1.1 billion currently in circulation.
Is MPT a good long‑term investment?
MPT carries high risk due to low liquidity, modest market cap, and limited development activity. It may suit speculative traders but is generally not recommended for long‑term holding.
How does MiraclePlay ensure fair tournaments?
Tournament rules and prize distribution are encoded in smart contracts, which automatically enforce outcomes on the blockchain, making tampering virtually impossible.
monica thomas
October 24, 2025 AT 09:14The MPT token presents a novel approach to esports governance, yet its limited liquidity and modest market cap raise substantial concerns. Investors should carefully assess the token's audit status and the platform's development roadmap before allocating capital.
Edwin Davis
October 30, 2025 AT 04:08MPT may claim to democratize gaming, but the reality is a patchwork of questionable contracts, thin order books, and an ecosystem that still relies on centralized exchanges, which defeats the very purpose of decentralization. Nevertheless, the token's low price could lure unsuspecting traders, and that is unacceptable.
emma bullivant
November 4, 2025 AT 23:01One could argue that the very notion of a token governing competition reflects the human desire to embed order within chaos, yet the underlying code may still harbour unseen vulnerabilites. If we ignore those, we risk repeating the same mistakes that have plagued traditional esports.
Michael Hagerman
November 10, 2025 AT 17:54The drama around MPT is real-every time you check the order book it feels like watching a soap opera where the hero just can’t catch a break! The token’s price swings like a rollercoaster, and the community’s hopes rise and fall in tandem.
Laura Herrelop
November 16, 2025 AT 12:48It’s hard not to wonder why a token that promises transparency is still shrouded in mystery. The absence of a recent audit feels like a deliberate blind spot, inviting manipulation by unknown parties. Some whisper that the treasury holds a disproportionate share, ready to be dumped at the slightest market tremor. Others point to the single venture backer as a potential choke point for decision‑making. Without robust governance, the token could become a pawn in a larger scheme to siphon funds. Until those shadows are cleared, caution is the only sensible stance.
Nisha Sharmal
November 22, 2025 AT 07:41Oh great, another “revolutionary” token-just what the world needed.
Karla Alcantara
November 28, 2025 AT 02:34While the risks are real, the community’s enthusiasm could spark the next big breakthrough in esports tokenomics, especially if developers finally launch a live tournament. A patient holder who monitors developments may find value where others see only danger.