Tokenomics
(as of 11 April 2024)
Token Contracts:
Fantom: 0x5deb27e51dbeef691ba1175a2e563870499c2acb - buy on Equalizer
Arbitrum: 0x73873c0C50846F0a78424aF34ac2d55013c0e2d0 - buy on Ramses
Base: 0xeb4c8841bf2a292c364959ebb17c54c8a64e6eda - buy on Aerodrome
Mantle: 0xA311E47BBeFCF158e4224f6C206C1Aed32E82531 - buy on Cleo
Avalanche: 0x3B708Fa1F05686f4D1b25Edd48643dC0b8185E91 - buy on Pharoah
Linea: 0xc308c807bf32bd26ee249deaaa6e04aba463962d - buy on Lynex
Polygon: 0x67a1fd5f393e9ceee4fb4739d73bf75c1efb9e40
Blast: 0xc308c807bf32bd26ee249deaaa6e04aba463962d
BNB: 0x67a1fd5f393e9ceee4fb4739d73bf75c1efb9e4
Key Metrics:
Circulating Supply: 9 million MCLB
External References:
Token Distribution:
The initial issuance of MCLB tokens commenced with 50 million tokens, with approximately 38 million initially allocated to multisig wallets. Over time, the entire supply held in multisig wallets was burned, and an additional approximately 3 million MCLB tokens were market bought and subsequently burned.
Buyback and Burn Strategy:
MCLB implements a buyback and burn mechanism to manage its token supply and enhance its value proposition. Notably, buybacks and burns of MCLB tokens are exclusively conducted using liquid assets from the DAO treasury. The continuous growth of the treasury is prioritized to sustain the buyback and burn program, ultimately aiming to increase the token's value floor.
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