🔢Economics
Last updated
Last updated
$MAMO exists to govern the matmo ecosystem, participate in revenue distribution, and enable community-driven innovation to benefit people all over the world. $MAMO will be rewarded to the matmo platform and its surrounding ecosystem relying on a wide range of community contributors such as participants, builders, verifiers, and delegators.
Retroactive Public Goods Funding:22%
Ecosystem Fund: 19%
Core contributors :17%
Presale : 15%
Fluidity: 14%
Airdrop: 8%
Sugar : 5%
Matmo tokens: 410 billion $MAMO tokens were created. During the launch of the mainnet, it will continue to be distributed to individuals and organizations through airdrops, presale, etc. Burning, transfers, and unlocking will not begin until the final phase of the mainnet (“Phase 2”).
Contract-based accounts: matmo uses a smart contract-based account model, which means that each account is actually a smart contract as well. Thus, account names are human-readable (eg "foobar.matmo") and contain any number of unique license keys. Therefore, the pledge key can be separated from the transfer key.
but they can still be used to pay for gas or storage, staking, delegate, for deploying applications, etc.
Lock-up: Most tokens have the problem of linear release lock-up. These locks are implemented as contract-based locks on top of various accounts. Locking is usually implemented in a linear, per-block fashion rather than monthly blocks, although some are implemented that way as well.
Retroactive Public Goods Funding: 22% (Locked for 18 months, then unlock 5% every month)
Ecosystem Fund: 19% (Locked for 18 months, then unlock 5% every month)
Core contributors :17% (Unlock 10%, then unlock 10% every month)
Presale : 15% (Unlock 100%)
Fluidity: 14% (Locked for 36 months, then unlock 8% every month)
Airdrop: 8% (Undetermined)
Sugar : 5% (Unlock 100%)
Staking and delegation while locked: Matmo has the properties of a proof-of-stake network in which validators stake their own tokens or tokens “delegated” to them by other holders. The number of validators depends on the number of shards in the network, but will start with 100. Thanks to matmo's account model, tokens can be staked or delegated even if they are locked.
Foundation Commissioned: The Foundation is only actively running nodes during the initial phase of network rollout. Thereafter, it shuts down its node and is limited to delegation, as described in this article. It will only delegate tokens from its endowment.
Burning: 50% of the transaction fee will be returned to the contract touched by the transaction, and 50% will be destroyed. Due to this burning, mamo may become deflationary at high levels of transaction throughput.The transaction will continue to burn $MAMO.
