One of the best tokenomics I've seen…
It's not often that you come across tokenomics with only THREE line items, but that's the case with Micro Vision Chain (MVC) $SPACE:
Initial Contributors - 10% PoW - 35% DAO - 55%
There are no private investors or pre-sale of any kind!
There's a fixed supply of 21M $SPACE, and the token officially launched on January 26, 2023, which is considered Day 0.
Let me break down each pool of tokens:
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The Initial Contributors have a 30-month vesting period (70K per month). There's an unusual element here that I've never seen before. In the white paper, there's mention of a 3-month cliff, but what they did was release 210K $SPACE on May 1, representing the first three months of vested Initial Contributors tokens. These 210K tokens were distributed solely for DAO voting purposes, and a "No Sale" agreement ensures none of these tokens can be sold until after July 1, 2025.
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The PoW tokens are the mining rewards, and $SPACE mining is more or less identical to Bitcoin mining (requires ASIC mining hardware (SHA-256), and there are 25 $SPACE released every block with halving occurring approximately every 1000 days.
The PoW (miner-earned) tokens are the only tokens on the market at launch and until June 1, 2023.
As of today, that amounts to about 425K $SPACE, according to MVCScan ( https://www.mvcscan.com/ ).
- The DAO tokens fall under what they call PoB, which stands for Proof of Human Work or Proof of Build. These tokens are awarded at various rates to the builders and contributors to MVC as voted by the $SPACE token holders, and in some cases, by MVC Labs.
Is there anything that concerns me?
No, but I will address one issue I see frequently appearing on social channels…
There's a significant amount of unwarranted FUD regarding releasing 70K tokens a month from the Initial Contributors pool. Many people speculate that the Initial Contributors will simply dump the tokens. Yes, there will undoubtedly be some profit-taking, but let's be realistic, these Initial Contributors deserve to be compensated and recover some of the investment they made in time and money to get this project off the ground.
I'm confident that most Initial Contributors don't want to sell (dump) tokens at today's prices when this could be a 100X or more in the next two years.
Lastly, if you step back and look at it, 70K tokens are only 0.003% of the total supply each month. Countless other projects release a far higher percentage of their tokens per month. This is not that many tokens.
As word spreads and CEX listings expand (MEXC is incoming), the buying pressure will outpace the selling pressure. If this doesn't happen for a few months… You'd better be stacking up $SPACE; it will never be this cheap again; this is like buying Bitcoin for a few hundred dollars.
So, in conclusion, I believe that Micro Vision Chain has delivered a tokenomics model that's as compelling as the project itself. Full FIVE Stars! Show Less
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