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MP Token Allocation

MP token supply is capped at 500,000,000 and allocated in the following distribution.

MP token distribution

71.3% Money Protocol Community focused allocations​

  • 167,705,382 or 33.54% is allocated to the algorithmically issued MP rewards pool. This allocation of MP tokens is earned by depositors of the Stability Pool and Money Protocol programmatically distributed MP to front-end operators.
  • 162,300,000 or 32.46% is allocated to Liquidity Providers. 7,000,000 MP tokens will be allocated from this batch as rewards to the first BPD:rUSDT Intrinsic Pool. Money Protocol will establish a staking incentive program allowing BPD:rUSDT LP token holders to earn MP. The remaining tokens are allocated towards future Liquidity Provider reward programs.
  • 10,500,000 or 2.10% is allocated as part of the Community Reserve1 used to fund bug bounty rewards, hackathons, LP reward programs, and other community-first initiatives.
  • 15,994,618 or 3.2% is allocated to the Community Reserve2 used for future LP reward programs (e.g. BPD/BTC, BPD/otherStablecoins in Intrinsic Liquidity Pools) and other initiatives to boost growth for Money Protocol. This allocation differs from Community Reserve1 in that Community Reserve2 is under a 1-year lock-up period

16.8% for Team and Advisors​

  • 84,000,000 is allocated to current and future team members and advisers involved in the development, launch, and management of Money Protocol.
  • In this category, all MP tokens are subject to a 1-year lockup period. After the first year of engagement, ¼ of the tokens become vested, with 1/36 vesting each subsequent month.

9.8% for Investors​

  • 49,000,000 have been allocated to Money Protocol’s investors, who were instrumental in providing guidance and support up to its launch.
  • These tokens are under a 1-year lockup.

1.10% to Service Providers​

  • 5,500,000 MP are allocated to service providers that were instrumental in helping Money Protocol up to its launch.
  • These tokens are under a 1-year lockup.

1% Giveback​

  • Money Protocol would not be possible without those that it has benefited from and has come before it. An allocation of 5,000,000 MP will be distributed to IOV Labs, Money On Chain, and Liquity. The % distribution of this allocation to said entities is to be determined. We will post an update here when the % distribution is finalized.

Distribution Schedule of Rewards Pool​

MP’s Rewards Pool allocation for Stability Providers and Frontends adheres to an annual halving schedule, represented by the subsequent formula: 167,705,382 * (1-0.5^year). This issuance curve is designed to provide favorable incentivs while ensuring ongoing incentives for the long term. The rewards pool is capped at 167,705,382 MP.

MP supply issuance schedule