MilkyDex's token (MID) is the MilkyDex governance token which can be used to:
Earn protocol fees which will be distributed evenly to MID stakers and lockers
Vote on protocol's governance proposals
MID has a Max total supply of 150,000,000, all minted at genesis, allocated to several different vesting funds and will be vested in the duration of 3 years. The details as below:
Name
Amount
Vesting Duration
Development Fund
15,000,000 (10%)
2 years with 12-weeks cliff
Treasury Fund
15,000,000 (10%)
3 years
DAO Fund
15,000,000 (10%)
3 years
Liquidity Mining Fund
105,000,000 (70%)
3 years
These funds will be used for different purposes:
1.
Development Fund:
For salaries and development costs
For services (Server, Hosting, Domain, etc)
2.
Treasury Fund:
For Marketing, PRs
For Partnership
For Listings (Coingecko, CMC, CEX, etc)
Security Audits
Bug Bounties
3.
DAO Fund:
Will not be used until Governance / DAO formed
Decisions to use this fund will be decided by Governance / DAO voting
4.
Liquidity Mining Fund:
MID will be mainly used to incentivize Liquidity Providers on the MilkyDex platform
Rewards for MID Stakers
MID in this fund will follow a Decaying Emission Schedule which was described in details here.