Series A Fundraising

Based on the approved Proposal 20, MCDEX DAO raised $7M from both institution investors and community to bootstrap the liquidity when V3 launch.
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:
Daily Trading Volume
Daily MCB may be issued
MCB for investors
<= $8.7M
>= $46M
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.