Moma Tokenomics

1.Moma Protocol Token Economy Overview

Moma Token (MOMAT) is the native token of the Moma Protocol. It is mainly used to discount the borrowing fees of the Moma Protocol and to ensure the governance and risk management of the decentralized protocol. MOMAT tokens can be used to achieve Moma Protocol's decentralized governance, and incentivize the community to help the protocol reach the Schelling point of stable growth, sustainability, and security. This article will introduce the MOMA through token design goals, distribution, release mechanism, community incentives, and token circulation.

2. Participants of the Moma Protocol

All users who hold MOMAT to participate are Moma Protocol participants. For example, Moma Liquidity Providers, Moma Market Builders, Moma Lending Users, Whistleblowers, etc.

♚Supplier:Users who deposit digital assets on the Moma platform.

♛Borrower:Users who lend out digital assets on the Moma platform.

♜Market Builders:Users who create Launch Pools and Lending Pools on the Moma platform through the smart contract factory.

♝Moma Core Team:The core team responsible for Moma protocol’s product development.

♞Moma DAO Community:DAO and fiscal community initiated by the core of on-chain governance in the early stage of the Moma Protocol.

♟Key Ecological Partners:The Moma Protocol requires price feeding redundancy, ecological community, and security development, etc.

♙Whistleblowers:A vital role in the price feeding and risk control process of Moma Oracle. Any participant can become a Whistleblower by staking a certain amount of MOM.

3.Moma Token Distribution & Allocation

3.1 Total Supply and Distribution

MOMA’s total allocation of 100 million is distributed as follows:

● 50% for Community Incentives,including but not limited to:

Creation of Sub-Lending Markets

Liquidity Mining, Trading Mining, New Assets

Direct Participation in Lending

Community Governance Participation

● 13% for Team and Advisor

For team and advisor votes to ensure that the core team has sufficient say in the development of the protocol in the early stage

● 20% for Fundraising

Seed Round: 5%

Private Sale Round: 10 %

Strategic Round: 4%

Public Raising: 1%

● 8% for Eco-development Fund,including but not limited to:

Future introduction of new strategic partners to expand the ecological application of Moma Protocol, community and resource integration.

Community volunteer awards, which will be circulated in batches after the protocol is officially launched and distributed to outstanding volunteers in the community through proposals and votes.

● 9% for DAO Reserve,including but not limited to:

Liquidity fund provisions for long-term development of the platform

Future Moma development and chain governance

Some parts can be auctioned at extreme market conditions or contract risks to pay off debts

4.Moma's Community Incentives

The Moma community incentives account for 50% of the total tokens and are mainly used to incentivize users who deposit and lend on the platform, Market Builders, Liquidity Providers, and other Moma ecological participants. 35% accounts for Supply and Borrow, Liquidity Providers and Whistleblowers, etc.; 8% accounts for Builders, 5% is used as DAO governance incentive rewards, and 2% is used as Whistleblower rewards.

4.1 Moma Suppliers and Borrowers 35%

In the early stage of Moma Protocol’s market opening, 40% of this part of incentives is given to users who supply, and 60% to users who lend to other users. This ratio can be adjusted later through MIP (Moma Improvement Proposal). 20% of this part of incentives is used as the initial release supply, the linear release is completed in 12 months, and the remaining 80% is released at a rate of 20% per year. However, the decay mechanism and parameters can be discussed by community-initiated governance proposals and voted by the community to decide whether the proposals can pass.

4.2 Builder Incentives 8%

Builder's incentives are dynamically allocated based on the total value locked of each Pool. Staking a certain amount of MOMA to open the Lending Pool, and then each Pool can receive MOMAT incentives. 40% of this part of incentives is used on Launch Pools, and 60% on Lending Pools. 20% of the incentives are used as the initial release, and then it decays at a rate of 20% every year. Similarly, the decay mechanism and parameters can be discussed by community-initiated governance proposals and voted by the community to decide whether the proposals are fit for execution.

4.3 DAO Incentives 5%

DAO Pool is the core module of Moma governance incentives. Ecological participants can stake Moma tokens to receive mToken, and through the staking of mToken, they can vote in the community for on-chain governance and participate in the long-term development of the Moma Protocol. There are also two benefits for users to stake Moma tokens, the dividend of platform revenue, and 5% of DAO incentives in Moma tokens. This part of the incentives determines the specific mechanism of incentive distribution through the community on-chain governance.

4.4 Whistleblower incentives 2%

The Whistleblower is an innovatively designed role in the Moma Protocol and plays a vital role in risk management, price feed, and on-chain governance. Whistleblowers need to stake a certain amount of Moma tokens and actively participate in the system's development in order to get incentivized eventually. If the Whistleblower fails to effectively execute tasks twice in a row, he or she will be punished, and the contract will automatically deduct 5% of the staked Moma tokens.

5.MOMAT Token Information

5.1 Token details

MOMAT(erc20)

Contract address: 0x865bB9A28041259b4baDAFD37799A288aAbbfC8c

Name: Moma Token

Symbol: MOMAT

Decimals: 18

MOMAT(HECO)

Contract address: 0x162EDC778dfD179A1E54E4bCAAf650Dc293BB2C9

Name: Moma Token

Symbol: MOMAT

Decimals: 18

5.2 Token Utility

The utility and use cases of $MOMAT include but are not limited to:

• $MOMAT holders can obtain part of our platform's revenue.

• $MOMAT holders can enjoy certain privileges and interests for future use of the platform's lending market or other services.

• $MOMAT holders can vote to participate in the development and key governance of the platform.

• $MOMAT holders can stake $MOMA into the DAO Pool to get incentives.