Governance Token $MONI Tokenomics Update
Token Allocation
25% — Play To Earn
24% — Staking
16% — Team
8% — Marketing
6% — Private Sale
5% — Binance Launchpad Reserve
5% — Advisors
5% — Ecosystem Fund
2.8% — Presale Round 2
2% — Liquidity
1% — IDO on Launchpads
0.2% — Presale Round 1
Initial Marketcap
Our Initial Marketcap will be reduced to 1 million dollars instead of 5 million dollars by reducing the total token for sale and vesting release.
- *** For full unlock schedule please refer to the updated V2 whitepaper ***
- *** V2 whitepaper will be released on 22th Aug 2021 ***
Presale Mechanism Modification
After gathering feedback from the community, we have decided to add some anti-whale mechanism into the presale.
Presale Round 1:
- Adding a maximum contribution of 10 BNB
- Increase number of whitelisted participants to 400 instead of 200
Presale Round 2:
- Implement Oversubscription method instead of First Come First Serve
Oversubscription Method Explanation:
(Target amount/Collected amount x Contributed amount= $MONI sold)
Excessive contribution will be refunded to you.
Presale 2 will start on 15th Sept, 0000 UTC+0 and cutoff at 15th Sept, 1800 UTC+0
Contributors will receive their BNB refund immediately on cutoff date if the target is overachieved. All contributors will receive an amount equal to their percentage of allocation of MONI from the total amount overachieved.
Example:
Total Target amount = 3,150 BNB
Total Collected amount= 4,000 BNB
Overachieve rate = 4,000/3,150 = 127%
Mr A contributed = 10 BNB
Mr A receives = 3150 / 4000 x 10 = 7.875 BNB Allocation = 18,900 MONI
Mr A gets refund = 10 – 7.875 = 2.125 BNB
Reason for Oversubscription Implementation instead of limiting to a Maximum Contribution
If we had only added a maximum contribution limit, whales can still easily buy up all the tokens in seconds as they are able to use multiple wallet addresses, bots, IDs or by hiring cheap labours agents to help.
By implementing oversubscription, we are able to ensure an allocation to be distributed to every community member.