MCB Tokenomics

Upon June 1st, 2021, 2,193,177 MCB has been issued, among which:
  • 1 million MCB belongs to the team, advisors and investors:
    • Dev Team: 484K
    • Advisors: 75K
    • Angel investor: 109K
    • Private token sale: 332K, Price 2.5USD/MCB
  • 1,174,036 MCB belongs to Liquidity providers
  • 19,141 MCB belongs to community contributors
According to the approved Proposal 19, the new Tokenomics states:
  1. 1.
    The total supply of MCB is 10,000,000;
  2. 2.
    MCDEX DAO is responsible for the specific usage of the newly issued MCB;
  3. 3.
    The speed of issuance will be under the following restrictions:
    • It is plausible to issue 1 MCB for 1 USD captured by the MCDEX DAO treasury
    • At least 0.2 MCB can be issued by one Ethereum block (approximately 1300MCB/day)
  4. 4.
    For every new issuance, 75% is for community incentive, and 25% belongs to the developers.