Mexitoken (MXT)
Fixed supply of 5.75 Million MXT. There will never be more in ShimmerEVM.
Last updated
Fixed supply of 5.75 Million MXT. There will never be more in ShimmerEVM.
Last updated
To add the network to your Metamask click the link above and look for the Fox icon.
To add MXT token to your Metamask click the link above and look for the Fox icon.
Tokenomics designed to get real value backing and an always growing MXT price
Each project will have its own Business Model and token.
The only requirement for each project is to achieve backing to the project token by real-world goods and/or services (Thus conferring real-world Purchase Power to the project token)
MXT primary sales (by the DAO) will be done only to fund projects and will have certain target price gains for the MXT associated.
When a funded project's token reaches certain purchase power and price in USD, MXT holders can change their MXT by such tokens at an exchange rate that results in the promised MXT price gains.
A "side effect" happens with this: MXT return to DAO's treasury but with a higher price thanks to price gains. Therefore, the DAO can make MXT primary sales again to fund other projects in an endless cycle.
MXT is an Utility Token:
It`s the governance token of the DAO Mexaverso. It gives proposal and voting rights to DAO members (There will be other rights: "Activities to earn" and "Services provider")
To become a DAO Member you have to block some MXT in the official ZeroswapNFT MXT/SMR pool
Important info: There are two requirements to be able to redeem MXTs for projects' tokens:
To block in the DAO pool, 10% of the MXT aimed to be redeemed
Be an active member of the DAO (This means voting at least)
