Series A Fundraising
Total 700K MCB will distribute to the investors of this round. The MCB is from the community incentive part.
The vesting schedule is as below:
Since the MCB’s new tokenomics is performance-based, tokens for this round are restricted by this model. Details are :
R = MIN(MAX((V - 0.2) * 0.75, 0), 0.64614))
R: MCB Vested to investors per Ethereum Block
V: Value Captured in the block
Since the major source of the DAO value capture is the 0.015% treasury fee, the formula can be written as:
Daily Vested MCB = MIN(MAX((Daily Volume * 0.015% - 1300) * 0.75, 0), 4200)
Daily Vesting Examples:
When the trading volume is lower than $8.7M/day, investors cannot get any MCB. When the trading volume grows more than $8.7M, investors will start to collect according to the above rule. When the trading volume is above $46M/day, the investors will enjoy the maximum speed of vesting. The shortest time for investors to collect all tokens is 6 months.
This model closely binds investors’ benefits to MCDEX performance hence encouraging all investors to make continuous efforts to help MCDEX to achieve its long-term value.