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Tokenomics
MUMMY is the platform's utility and governance token, holding the token unlocks a variety of benefits.
The MMY token address
On Optimism:
Steps to purchase MMY can be found on the Buy page.
After staking MMY, you will receive a staked MMY token: 0x0d8393CEa30df4fAFA7f00f333A62DeE451935C1 (Optimism), 0xe41c6c006De9147FC4c84b20cDFBFC679667343F (Fantom),
0x68d1CA32Aee9a73534429D8376743Bf222ff1870 (Arbitrum),
0x9032aeD8C1F2139E04C1AD6D9F75bdF1D6e5CF5c (Base).
Note that the balance for this will return your total staked amount including any esMMY tokens and Multiplier Points.
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.
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 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
MMY tokens can be bridged between Fantom and Optimism, but you should not use this unless absolutely necessary. All features are on Fantom so there should be no strong reason to bridge tokens.
To bridge MMY between Fantom and Arbitrum, we will leverage LayerZero’s technology. With Omnichain Fungible Token (OFT) capabilities, MMY can be seamlessly transferred across all supported chains.
For bridging between Fantom and Arbitrum, you can go to the Bridge page.
Last modified 1mo ago