Lumoz announces MOZ token economics, 66% allocated to the community, ecosystem, nodes and miners
On December 5, the modular computing layer & RaaS platform Lumoz announced the economics of MOZ tokens. The total supply of MOZ tokens is 10 billion, with 66% allocated to the community, ecosystem, nodes and miners. The initial circulation is about 11%.
The specific distribution of tokens is as follows: zkProver network gets 25%, zkVerifier nodes get another 25%, early contributors receive16%, early investors collectively get18%, ecosystem receives10% and community gets6%. MOZ tokens will gradually unlock over the next ten years when all MOZ will be fully circulated and no more issued.
Lumoz has a dual token economic model that includes functional token MOZ and equity token esMOZ. Main applications for MOZ include transaction gas fees, resource usage fees etc; while esMOZ can be used for participation in incentives, delegation to zkVerifier nodes or conversion into functional tokens etc. Both have an exchange ratio of 1:1. When esMOZ is converted into MOZ there's a certain unlocking period but users can convert using Lumoz OG NFT without any unlocking period.
In November Lumoz completed an airdrop worth $30 million in esMOZ tokens which will officially open after mainnet launch. In the first half of this year Lumoz completed Pre-A round and strategic financing with cumulative funding amounting to $14 million dollars.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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