MID Token
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
Last modified 9mo ago