Token Distribution
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
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