5. MFO Utility Token

Tokenomics

5.1 Token allocation

5.3 Token vesting

Seed sale: 5% unlock TGE, locked for 1 month then linear 7% every month

Strategic sale: 6% unlock TGE, locked for 1 month then linear 7% every month

Private sale: 10% unlock TGE, locked for 1 month then linear 7% every month

Public sale: 100% unlock TGE

Community incentive: vesting over 2 years

Mining reward: base on farming performance

Products and Marketing: 30% 1st year then vesting over 4 years

Partnership and exchanges: 10% 1st year then vesting over 4 years

Team: locked for 2.5 years then vesting in 1 years

5.2 Token Use Case

1.Discount on Vault Fee

A certain amount of MFO token holding will be required for users to get a discount fee from Vault Management Fee - which include both Withdrawal fee and reward harvesting fee

2.Staking

Users will also have the option to stake MFO tokens and earn fee rewards from MoonFarm platform and NFT airdrop.

3.Governance Voting

Users who own $MFO tokens have the right to vote for proposal on changing Fee Structure of Moonfarm, adapting new DEFI project, APY of Auto Vault , etc..

4.New Farming Pools

Users who own a certain amount of $MFO tokens can create a new farming pool on the manual farm and receive the sharing benefit from this pool.

5.Payment Token

$MFO will be a token payment for other NFT marketplace partners

Last updated