$MZR Token Metrics and AVAX
Introducing the long-awaited $MZR token metrics!
Before we break down the $MZR token metrics, we’d like to briefly highlight our Partners as well as the utility of our token.
Before dissecting the metrics, we’d once more like to point you once more toward our Investors article which highlights Key investors such as Nexo, Huobi Ventures, KuCoin Ventures, Gate Labs, MEXC, WOO Ventures, Spark Digital Capital, and Shima Capital among other quality investors.
We highly recommend you review that first before proceeding forward to have a clear understanding of what makes our $MZR not only useful within our platform but attractive to investors who look to it as a speculative investment!
Check out the utilities here: https://mizar-ai.medium.com/mizars-enduser-public-sale-whitelist-35ad55ba8d68
We’ve also moved into Mizar Open Beta, meaning that our token utility will have functions beyond Staking from day 1!
Read more about it here: https://mizar-ai.medium.com/mizar-open-beta-announcement-843dcb204bf6
Leaning on our Advisors, Investment Partners while taking community feedback into consideration, Mizar has constructed our token metrics to provide short & long-term value to holders and participants in the Mizar Ecosystem.
Those detectives among us may have noticed one particular feature in our Token Metrics that hasn’t been made public before, the Treasury totaling 8% of the total supply. The Treasury is under the control of DAO-like Governance, where 8% of the $MZR supply will be under the power of token holders.
This means that in addition to the control over which features and integrations Mizar implements, governance participants will also have control over three distribution flows of the $MZR token:
Treasury 8% (Vested)
$MZR token holders will have voting rights for proposals made based on potential partnerships or community suggestions. This can be used for creating new shared revenue streams, increasing $MZR Utility, or features/programs that will benefit $MZR, token holders.
Galaxy Fund(Starting in Phase 2)
10% of platform revenue will be deposited into the Galaxy Fund which will follow the Top-Copy Traders within Mizar. 50% of generated profits will be deposited back into the fund, while the remaining 50% will be used to BuyUp $MZR tokens to deposit into the $MZR LockBox(Also under governance control). Governance will be used to vote on the distribution of profits as well as the continuation of the Fund after its 1st year, along with other planned features.
BuyUps from the Galaxy fund, along with volume fee payments made in $MZR, will be locked in the LockBox for a minimum of 6months, after which governance will be used towards determining the distribution of said tokens. This can be an airdrop, reverted to staking, implementing features such as bonds or anything else the community determines will bring the most value to $MZR token holders.
In the Spirit of transparency, here is the vesting schedule of the $MZR Token, along with a breakdown of each round.
- Public Sale IDO: Community Supporters & end-users whose support and interest in using the Mizar Platform is key to its continued success.
- Strategic Round — Seed: Mizar’s earliest supporters and the key individuals whose shared vision for Mizar will ensure its success.
- Strategic Round — Private: Strategic investors in Mizar who provide value and help drive demand for the use of the Platform and $MZR Token, enabling Mizar to Succeed in its mission to provide automated trading for all.
- Reserves: To be used as reserves only to aid with the Future development of Mizar.
- Marketing: Used to promote Mizar including marketing campaigns and strategic partnerships. Any tokens that may be sold to strategic partners will be vested with the added agreements that uphold the long-term value of the MZR token.
- Treasury(DAO Controlled): A Governance controlled supply of Mizar that $MZR holders will be able to vote for its strategic use within the ecosystem.
- Staking: Rewards for providing Liquidity along with a Single Asset
- Liquidity: To provide Liquidity for Initial & future DEX/CEX listings. Unused tokens will be locked, not in circulation.
- Advisors: Tokens for advisors who have helped Mizar Strategically, throughout the course of Mizar’s Development.
- Team: Tokens for Team members to ensure long-term engagement with Mizar
Distribution of tokens:
$MZR on the Avalanche Chain(AVAX)
The Mizar team did a deep dive into all the chains that have thrived since to determine what was the best move forward, and after much deliberation, we’ve decided to launch the $MZR token on the AVAX chain.
To read up on why we feel AVAX is going to benefit $MZR token holders, check out our article here: https://mizar-ai.medium.com/chain-breakdown-avalanche-77543e051265
If you’d like to secure yourself some $MZR tokens before launch, we have an IDO coming up which we’ll announce next week, however, we also have two community competitions that give you a chance to secure yourself a spot on our IDO or win airdrops in $MZR.
Social Whitelist: https://mizar-ai.medium.com/mizar-community-social-whitelist-ff0fc1f3ff2d
End-User Whitelist: https://mizar-ai.medium.com/mizars-enduser-public-sale-whitelist-35ad55ba8d68
We’ll be releasing an article tomorrow reiterating the rules for the competition, as, on Monday, our IDO Whitelist leaderboards will go live!
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