MP token - Early adoption incentives

MP, the secondary token of the system, is given as a reward to users who contribute to the stability of the system and drive its usage. MP tokens can be staked to receive a pro-rata share of the fees from BPD Issuance and Redemptions.

Money Protocol distributes MP continuously to front-end operators and users who have deposited BPD to the Stability Pool. The distribution schedule of MP token rewards is reduced by half each year, providing benefits to early adopters.

The allocation of MP tokens between front-end operators and users depends on a kickback rate, which can be freely set by the operator within a range of 0% to 100%. By letting front-end operators decide how much they want to kickback to their users, they can compete amongst each other to benefit early adopters and users.

The MP token is not a Governance token as Money Protocol does not operate a Governance system.

MP token max supply is capped at 500,000,000.