VI. Token Economy
Last updated
Last updated
MAIN's innovative bidirectional ecosystem is designed to create a robust, sustainable ecosystem that balances the need for stable transactions with long-term value accrual. The ecosystem incorporates MAIN Tokens and MAIN Points to facilitate frictionless day-to-day utility, transactions, and ensure stability within the network.
MAIN Coin (MCN)
Purpose: Governance, staking, and long-term value accrual
Type: ERC-20 token
Total Supply: 1,000,000,000 MCN (fixed)
MAIN Points
Purpose: Internal Reward Mechanism for in-platform transactions (e.g., data sharing, identity verification)
Type: Internal ecosystem token
Supply: Dynamically controlled through algorithmic mechanisms
Value: Pegged to a stable value (e.g., 1 MCN = $1 USD)
Used for in-app purchases or conversion to MCN
MCN<>Points Conversion Process
One-way conversion from MCN to MAIN Points
Vesting period for MAIN Points to MCN conversion
Conversion fees reinvested into the ecosystem
Liquidity Pools and Fee Structure
Established liquidity pools
Transaction fees are partially burned and shared among stakeholders
This bidirectional structure ensures that MAIN can offer both stability for everyday transactions and potential for long-term value appreciation, addressing the diverse needs of users, businesses, and investors within the ecosystem.
MCN tokens serve multiple functions within the MAIN ecosystem:
Participation in governance decisions
Staking for network security and rewards
Access to premium features and services
This multifaceted utility ensures that token holders have a vested interest in the ecosystem's success and actively contribute to its development.
MAIN's staking model incentivizes token holders to participate in network security:
Staking Rewards: Earn a percentage of platform fees
Tiered Benefits: Access enhanced features based on stake size
Slashing Conditions: Discourage malicious behavior
The implementation of a bonding curve mechanism ensures:
Dynamic pricing based on supply and demand
Continuous liquidity
Incentives for early adoption and long-term holding
The total supply of 1,000,000,000 MCN tokens is strategically allocated to ensure balanced growth and stakeholder alignment.
This distribution model is designed to create a robust foundation for MAIN's growth while incentivizing long-term participation from all the stakeholders.
The vesting schedule aims to provide initial liquidity through partial unlocks at TGE, ensure long-term commitment from the team and advisors, allow for steady ecosystem development, prevent large dump events by distributing token releases over time, and align incentives for all stakeholders over a multi-year period.
The exact percentages and durations can be adjusted based on MAIN's specific needs and industry standards. It's also important to note that any tokens acquired through the bonding curve mechanism would have their own vesting schedules.
