MCG Tokenomics
Base on the current performance of hot tokens during the DeFi Summer time, it can be concluded that pure governance tokens are hard to be recognized by the market. The MicroChains team deeply understand the importance of token issuance to a successful project, therefore the following token economic scenarios are designed
Seed Round: 8% for early-stage team building, R&D, auditing, office and future operations and other expenses . It’s unlocked over 18 months. 9.9% unlocked in the first month and linear vesting for the rest in 17 months;
Validator Incentives: 3.5%. Unlocking the reserve 4 months after TGE and releasing incentives after the launch of KYC validator program
Public: 1%. 50%TGE, 50% second month.
Liquidity: 1 % for adding liquidity in DEX after token issuance. Fully liquid after the launch of cross-chain incentive (TBD).
Marketing: 7 % for marketing and publicity. It will be unlocked in 12 months, 28% unlocked in the first month, 8% unlocked per month in the next 7 months, and the rest unlocked over the last 4 months, 4% in each month.
Cross-chain Mining: 25 %. It is unlocked linearly over 25 months, 16% in the first month; halved in the 2nd to 4th months, 8% in each month; second halving in the 5th to 13th months, 4% in each month; and third halving in the 14th to 25th months, 2% in each month. The incentive may not be used up every month, and it may accumulate. It depends on if there is an incentive scenario. The actual usage situation will be regularly public in community.
Liquidity Mining: 25%. It is linearly unlocked over 25 months, and 4 % unlocked every month. The incentive may not be used up every month, and it may accumulate. It depends on if there is an incentive scenario. The actual usage situation will be regularly public in community.
Staking: 5%. Encouraging users to stake MCG and get incentives. The unlock plan is the same as Cross-chain Mining.
LP Rewards: 1.5%. Incentives for LPs of DEX. The unlock plan is the same as Cross-chain Mining.
Airdrops: 1%. Airdrops for early adopters “Microers”. Fully liquid first month (TBD). Rules to be determined later.
Liquidity Management: 2%. Liquidity management on centralized exchanges. Fully liquid 1st month.
Treasury: 10% reservation for future ecological construction and project development needs. It is unlocked 12% in the first month and the rest is equally vested over 11 months.
Team & Advisors: 10%. 6-month cliff starting from 1st month, vesting 8% 7th month, followed by 19-month equal monthly vesting.
(The above token allocation is for reference only and may change in the future.)
Project launch.
Early adopters incentives.
Liquidity incentive, providers (for both token cross-chain and Cross-chain lending) and encourage users to staking liquidity for cross-chain usage needs.
Cross-chain Incentive, including Token Cross-chain, Cross-chain Swap, NFT Cross-chain, and Usage Scenario.
Protocol governance, including modification of parameters, public chain support, token support, disposal of treasury funds and fee allocation.
Revenue and fee staking rebate (50%), team (30%), and treasury reserve (20%). Will be started in Q4 2022.
Verifier incentives for KYC validators engaging in multi-node minting & burning verification.
Last modified 8mo ago