MilkyDex
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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. 1.
    Development Fund:
    • For salaries and development costs
    • For services (Server, Hosting, Domain, etc)
  2. 2.
    Treasury Fund:
    • For Marketing, PRs
    • For Partnership
    • For Listings (Coingecko, CMC, CEX, etc)
    • Security Audits
    • Bug Bounties
  3. 3.
    DAO Fund:
    • Will not be used until Governance / DAO formed
    • Decisions to use this fund will be decided by Governance / DAO voting
  4. 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.
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