Tokenomics Update
Tokenomics Improvement Report
Introduction
In our ongoing commitment to enhancing the sustainability and security of our ecosystem, we are excited to share significant updates to our Tokenomics. These changes have been carefully designed to benefit our community and foster long-term growth for our project.
Token Locks and Vesting
To bolster the security and stability of our token, a substantial portion of around 85% of our tokens has been locked in secure smart contracts. This measure ensures that these tokens are inaccessible for speculative trading, safeguarding their intended use for project development and growth.
After careful consideration, we have decided to use another reputable platform as a service. To choose the right platform, we investigated platforms’ Total Value Locked (TVL), high-quality audits, reputation, cost, user-friendliness and support. We are using Pinksale’s PinkLock to lock and vest our tokens. Since we used Pinksale’s PinkLock for our locking and vesting around 74% of our tokens are in PinkLock smart contract and the breakdown and vesting schedules are as follows:
Allocation
Vesting Percentage (%)
Vesting Period
Marketing
100
No Cliff, Linear 10% monthly for 10 months
Liquidity Management
80
No Cliff, Linear 8% monthly for 13 months
Treasury
100
30% unlocked after a 3-month cliff, (70%) Linear 5% monthly for 14 months
Advisors
100
2-month cliff- Linear 4% monthly for 25 months
In-Game Incentive
96.5
No Cliff, Linear 4% monthly for 25 months
Staking Rewards
96
No Cliff, Linear 10% monthly for 10 months
Partial Team Tokens
100
100% unlocked after 6 months
As said many times before, transparency is our number 1 priority so we have included each locking and vesting transaction in this report:
Allocation
Transaction Link
In-Game Incentive
Staking Rewards
Key Benefits
1. Enhanced Stability: By locking a significant portion of tokens, we fortify the $MTVT ecosystem against market volatility, ensuring a more stable foundation for growth. We also achieve a much better Trading Volume/Circulating Supply ratio which can help us to go for bigger listings.
2. Long-Term Commitment: With a token vesting schedule, our team and early investors are committed to the project's success over an extended period. Their tokens are directly tied to the project's performance and long-term vision.
3. Community Trust: These tokenomics improvements reaffirm our commitment to building a strong, trustworthy community around $MTVT. Our community can have confidence in our dedication to their financial security and the project's prosperous future.
Tokenomics is one of the most important aspects of a projects fundamentals and needs to be continuously monitored and adjusted based on the market environment and external factors. All these changes were done in order to make $MTVT a better and more trustable investment for everyone.
Last updated