Distribution of MARK (MAR ERC20) Tokens
This section of the documentation serves as an archive and historical reference. For the latest information and updates, please refer to the current Mchain documentation.
October 1st promises to be a historic day for the Mchain community, marking the commencement of the MARK (MAR ERC20) tokens distribution. On this occasion, we bring you details on the proposed improvements and an optimized redistribution structure designed to foster a prosperous future for all community members. Here is everything you need to know:
Key Points
- Distribution start date: October 1st
- Total number of MARK (MAR ERC20) tokens to be created: 110,000,000
- Distribution to Mchain v1 holders: 105,248,200 tokens
- Liquidity provision on Uniswap V3: 4,751,800 tokens
- Token burning process integrated into the smart contract
- Additional token claim dates: November 1st and December 1st, with a 33.33% deduction at each unattended phase
- Introduction of a new staking system through Uniswap V3 Staker
- Support email support@mchain.network
Creation and Distribution of MARK (MAR ERC20) Tokens
The Mchain community is taking a significant step in creating 110,000,000 MARK (MAR ERC20) tokens. It has been established that 105,248,200 tokens will be distributed among Mchain v1 holders, ensuring that no more MARK (MAR ERC20) tokens will be produced in the future.
Liquidity Provision and Lock-Up
A total of 4,751,800 MARK (MAR ERC20) tokens are allocated explicitly for providing liquidity on Uniswap V3, totalling 110,000,000 MARK (MAR ERC20) tokens to be created alongside the 105,248,200 tokens for Mchain v1 holders. These tokens will be locked in the Uniswap V3 pool for a determined period, after which they will be used to benefit the Mchain community in various ways.
Burn Process
Users can burn MARK (MAR ERC20) tokens using the "burn" function incorporated into the platform's smart contract, helping maintain economic balance and potentially increasing the token's value over time.
Claim Process
Suppose you are interested in participating in this migration and taking advantage of the benefits of the new blockchain. In that case, we invite you to complete the following form to join the list of individuals interested in the coin swap. This list will help us communicate with you and provide more information about the migration process.
Tokens not claimed by October 1st can be acquired on two later dates, November 1st and December 1st, with a deduction of 33.33% of MARK (MAR ERC20) tokens at each unattended phase. Unclaimed tokens will be redistributed according to a new strategy.
New Redistribution Strategy
Unclaimed tokens will be redistributed as follows to ensure equitable and sustainable growth of the platform:
| Destination | Percentage | Description |
|---|---|---|
| Developers | 15% | Funding for ongoing developments |
| Airdrops | 10% | Attract new users to the platform |
| Marketing | 15% | Promotional campaigns to expand the community |
| Community Reserves | 15% | Fund community initiatives and social projects |
| Staking Provider on Uniswap V3 | 30% | Encourage participation in the liquidity pool |
| Innovation Fund | 15% | Fund innovative projects within the community |
MARK (MAR ERC20) Staking: Uniswap V3 Staker
In addition, a novel staking system will be introduced through Uniswap V3 Staker, allowing liquidity providers to engage in staking their liquidity position NFTs in the MARK/ETH pool on Uniswap V3, creating new revenue opportunities for community members.
Migration Support
We understand that migrating to the new MARK (MAR ERC20) token structure might present some queries or technical hurdles. We are here to ensure your transition is as smooth as possible. If you encounter any issues or have questions during the process, do not hesitate to contact our dedicated support team.
For direct assistance, you can reach us at the following email address: support@mchain.network. We are committed to providing you with the help you need, addressing your queries promptly to ensure that all our "Marines" community members have a satisfying experience.
Mchain Marines, we are about to embark on an unprecedented voyage in decentralized finance! As brave navigators, your involvement will be vital to steer this ship towards seas of opportunity and prosperity. Hoist the anchors, Marines, an ocean of possibilities awaits us!