Manta Ray Community
  • Manta Ray Network Overview
  • Join the Community
    • Start Contributing
  • Blockchain, Crypto and Web3
  • The MREV Token
    • About MREV
    • Manta Ray: Decentralised EV Network
    • Manta Ray Token Economics
    • Token Details
    • Token Distribution
    • MREV Token Address
    • Manta Ray Public Network Dashboard
    • PinkSale Presale
    • The Value of the Manta Ray Token
      • Ownership in Manta Ray is represented in the MREV token
    • Earn MREV
      • Earned MREV tokens are sent to your Manta Ray App wallet.
      • Manta Ray Nexus Program
      • Refer Hosts to the Manta Ray Network
      • Signup new drivers. Earn MREV.
  • Manage your MREV
    • Withdrawing MREV
  • Governance
    • Governance at Manta Ray
    • Use your MREV tokens to vote
    • How to Participate
    • How to Vote
    • The 4 Phases of Manta Ray Governance
      • Participate in the Process: Phase 1 | IDEATE
      • Process: Phase 2 | VOTE OFF-CHAIN
      • Process: Phase 3 | VOTE ON-CHAIN
      • Process: Phase 4 | EXECUTE
    • Governance FAQs
    • Off-Chain Voting Guidelines
    • Proposing Change on Manta Ray Governance
    • Technical Documentation for proposals and on-chain governance
  • Brand
    • Brand Guidelines and Assets
Powered by GitBook
On this page
  • Token Distribution
  • Token distribution table
  • Uses of MREV token
  • Governance
  • Deflation
  1. The MREV Token

Token Distribution

PreviousToken DetailsNextMREV Token Address

Last updated 2 years ago

Token Distribution

Token distribution table

Segment
Allocation
%
Release Schedule

Liquidity & Presale

162.5M

65%

3 month/6 month lock, releasing monthly depending on tier.

Community Incentives & Rewards

37.5M

15%

Unlocked at network launch and distributed over time in accordance with community incentive and reward programs,

including the connector program described below.

Private Investor

37.5M

15%

2 year lock, 1 year cliff, then monthly.

Early Contributors

12.5M

5%

4 year release schedule, 1 year cliff, then monthly.

From the Presale:

Manta Ray team & advisors 40% - 63M MREV tokens

Liquidity 60% - 94.5M MREV tokens

Uses of MREV token

Governance

MREV token holders can discuss ideas for improvements, propose changes, and vote on governance proposals.

  • Because each token represents one vote, users who hold more tokens have greater say in how the network develops.

Deflation

Combination of burning and reflection of token will take place for each Manta Ray Charge point transaction –

Burn - based on the value of the transaction a 1% of tokens will be burnt reducing supply

Reflect – based on the value of the transaction a 1% will be distributed to existing token holder increase their value to encourage a ‘hold and earn’ approach