Token Distribution
This section details about the distribution of the MCAI token over time.
Last updated
This section details about the distribution of the MCAI token over time.
Last updated
The MCAI token is a limited supply token with no more than 10 million tokens that will ever be circulated. A vast majority of MCAI tokens have been allocated to community and ecosystem-related activities, which underpin MCAI's dedication to being a coin that is governed and controlled by its people.
Furthermore, the supply of MCAI is stretched out across a period of 10 years to ensure that token holders are as distributed and decentralized as possible. No one entity should be capable of controlling more than 1% of the supply over the course of the next few years.
On December 17th, 2020, MatchDAO conducted its very first private sale and IDO, releasing approximately 8% of the supply into circulation.
The MCAI token is unique in the fact that the token is gradually released into circulation over 10 years. This is done to ensure that the MCAI token's supply stays as evenly distributed as possible, keeping the entire protocol and the ecosystem secure from whale manipulation.
Tokens are released into circulation through a linear distribution to ensure that there is no concentration of tokens amongst early adopters (Except for the first year when private and seed token holders are continuously vested).
(It is estimated that by year 3 or 4, the token distribution will be spread out as evenly as possible so that no single entity can control more than 1% of the MCAI supply).
After 10 years, the annual inflation rate drops to 2% per year.
For those who would like to take precise numbers on how much MCAI will get added into the circulation, month by month, an excel sheet has been created, which goes into depth on how many new tokens get added into circulation.
