MFI distribution plan and liquidity mining event
The Marginswap token distribution is designed from the get-go to drive adoption of the marginswap protocol. That is why the remaining MFI tokens will be distributed to users and early adopters of Marginswap.
Distribution of protocol incentive tokens: 2,500,0000
Tokens will be distributed starting at 4000 MFI daily, with a 0.1% daily contraction. These tokens will be distributed for 981 days, starting from 04.03.2021( 4 March 2021) with the last distribution happening on 9.11.2023. At that point, the protocol won’t have to incentivize trading and bond lending. Though in case any new forms of incentives should be needed, the treasury will be more than capable to fund it.
The daily distribution will happen in 2 stages:
Before Beta: Before Beta, Uniswap liquidity providers for the MFI-USDC pair will receive all the daily token distribution. More info as well as the staking contract will be shared in another post.
After Beta: After the beta launch MFI will be distributed as follows:
- Uniswap liquidity mining 20%
- Bond lending 40%
- Margin swaps 30%
- MFI Staking 10%
Distribution of marketing, bounty, treasury: 1,000,000
200,000 of these tokens will be unlocked on 04/04/2021 and the rest of the tokens will be sent to a new vesting contract from which 100,000 MFI will be released every 60 days.
A good number of the 1,000,000 MFI will be reserved for incentivizing other features we have planned for marginswap.
Max circulating supply
10,000,000 is the maximum number of MFI that will ever exist and 3 years from now, all tokens will have been distributed to early adopters and users of the protocol.
Want to know the actual number of tokens in circulation right now? Click here