Tokenomics

Minswap

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Tokenomics

The Minswap protocol currently has two types of tokens:
MIN token: The governance token of the protocol with future utility. 

MINt token: A token that can be converted to MIN through usage of the protocol. Please read the following document for the detailed mechanics.

MINt token conversion will be available one month after the launch of our Yield Farms, meaning on the 14th of April 2022.
The Minswap Token Distribution is the following:
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Token Vesting Schedules
For information on Yield Farming, go to the subsection of Yield Farming. 
Tokens from the team will be locked for the first 6 months after the launch of the protocol (March 8th 2022), meaning they will not be accessible to team members during that time. After that time period, Team tokens will vest linearly during the next 2.5 years.
Regarding the 10% of total supply of tokens from the development fund, please note 0.5% of them were allocated to our public sale at the price of 1 ADA equals 40 MIN. 4% of these tokens will be unlocked at launch and the remaining 5.5% will vest in the same schedule as team tokens (6 months cliff and 2.5 years linear).
The DAO Treasury has an allocation of 6% of total supply. To bootstrap liquidity on the DEX, 2% of this supply has been allocated to our Liquidity Bootstrapping. All LP tokens obtained from this event and the remaining MIN tokens from the DAO treasury will be locked away for 6 months until a DAO treasury manager contract is implemented.
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Yield Farming

Last modified 7d ago

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