MUMMY Finance
Launch App
  • Introduction
  • Audits
  • Tokenomics
    • Staking lzMMY on Optimism
  • Rewards
  • Earn
    • MLP
    • MSLP
      • Multi-asset Minting (Fantom Opera)
  • Trade
    • Trading V1
    • Trading V2
      • Positions
        • Profit, Loss, and ROI
        • Increase Collateral/ Leverage
        • Add to Position
        • Triggered Orders
        • Edit Triggered Orders
        • Close Position
      • Platform Mechanics
        • Pyth Price Feed
        • Fees
        • Risk Mitigation
    • Asset Pairs and ID
  • Swap through Aggregator
  • Prediction
    • How to Use Prediction
    • Prediction FAQ
    • Prediction Troubleshooting
  • Wormhole Bridge
    • Wormhole Bridge Guide
    • Wormhole Bridge FAQ
  • Mummy NFT
    • Mummy Club on Fantom
      • Why should you buy Mummy Club NFT?
      • The early bird gets the fat worm
      • Mummy Club Sale Details
      • How to buy and earn with Mummy Club NFT
      • How to stake Mummy NFT and Real Yield on Mummy
    • Mummy Rebirth NFT on Fantom
      • Mummy Rebirth Benefits
      • Mummy Rebirth Sale Details
      • ⚠️Cautions
      • How to mint Mummy Rebirth?
      • FAQs
    • Mummy Club on Optimism
      • Why should you mint NFTs on Optimism Mummy Club?
      • Mummy Club 2nd collection sales details
      • How to buy and earn with Mummy Club NFT on Optimism
  • Social Features
    • Referrals V1
    • Referrals V2
    • Position Share
  • Helpful Guides
    • Trade Guide
      • Deposit/ Withdraw Collateral
      • Open/ Close a position
      • Edit Position
        • Add to position
        • Increase Leverage
        • Increase Collateral
        • Add Take Profit/ Stoploss
        • Add Trailing Stop
    • Connect Wallet
      • Connect with MetaMask
      • Connect with CoinBase
      • Backup RPC URLs
  • Contracts
    • Contracts V1
    • Contracts V2
  • Mobile
  • Community Groups
  • Terms Of Use
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On this page
  • Token Information
  • Staking
  • Supply
  • Fees Distribution
  • Bridging

Tokenomics

MUMMY is the platform's utility and governance token, holding the token unlocks a variety of benefits.

PreviousAuditsNextStaking lzMMY on Optimism

Last updated 1 year ago

Token Information

The MMY token address

On Fantom:

On Optimism:

  • MMY (L0):

  • MMY (multi):

On Arbitrum:

On Base:

Steps to purchase MMY can be found on the Buy page.

After staking MMY, you will receive a staked MMY token: (Optimism), (Fantom), (Arbitrum), (Base).

Note that the balance for this will return your total staked amount including any esMMY tokens and Multiplier Points.

Staking

Staked MMY receives three types of rewards:

  • Escrowed MMY

  • Multiplier Points

  • FTM / WETH Rewards

For more info on Escrowed MMY and Multiplier Points, please see the Rewards page. If you are staking on Fantom you would receive FTM, if you are staking on Optimism then you would receive WETH. Note that the fees distributed are based on the number after deducting referral rewards and the network costs of keepers, keeper costs are usually around 1% of the total fees.

To stake your MMY tokens, please visit the Earn page.

Supply

The max supply of MMY is 10,000,000.

The increase in circulating supply will vary depending on the number of tokens that get vested, and the number of tokens used for marketing/partnerships.

MMY allocations are:

  1. Initial liquidity (10%): 1,000,000 MMY + $50,000. Start price: $0.05

  2. The remaining 90% MMY will be converted to Escrowed MMY (esMMY) in 1 year:

  • DAO fund (10%): 1,000,000 esMMY (Vesting in 1 year)

  • The MUMMY NFT (15%): 1,500,000 esMMY (Vesting in 1 year)

  • Dev Fund (10%): 1,000,000 esMMY (Vesting in 1 year)

  • MLP Staker (35%): 3,500,000 esMMY (Vesting in 1 year)

  • MMY & esMMY Staker (20%): 2,000,000 esMMY (Linear 1 year)

Fees Distribution

Fees collected by the platform in the form of the network’s native token — FTM are distributed as follows:

  1. 60% fees for MLP Stakers

  2. 30% fees for MMY & esMMY Stakers

  3. 5% fees for the dev team

  4. 5% fees for buyback and MMY-FTM LP on @Equalizer0x

Bridging

To bridge MMY, we will leverage LayerZero’s technology. With Omnichain Fungible Token (OFT) capabilities, MMY can be seamlessly transferred across all supported chains.

You can go to the page.

0x01e77288b38b416F972428d562454fb329350bAc
0x385719545Ef34d457A88e723504544A53F0Ad9BC
0x47536F17F4fF30e64A96a7555826b8f9e66ec468
0xA6D7D0e650aa40FFa42d845A354c12c2bc0aB15f
0x0d8393CEa30df4fAFA7f00f333A62DeE451935C1
0x0d8393CEa30df4fAFA7f00f333A62DeE451935C1
0xe41c6c006De9147FC4c84b20cDFBFC679667343F
0x68d1CA32Aee9a73534429D8376743Bf222ff1870
0x9032aeD8C1F2139E04C1AD6D9F75bdF1D6e5CF5c
Bridge