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What is the issuance amount of Measurable Data Token (MDT) coins?
The Measurable Data Platform's MDT token, with a total issuance of 1 billion coins, fuels data sharing incentives, data analyst rewards, and platform governance.
Dec 02, 2024 at 03:24 pm
Measurable Data Token (MDT) Issuance Amount
The Measurable Data Token (MDT) is a utility token that powers the Measurable Data Platform, a decentralized ecosystem for data collection and analysis. MDT is used to incentivize data providers for sharing their data, reward data analysts for their contributions, and govern the platform.
Issuance Amount
The total issuance amount of MDT coins is 1,000,000,000. Of this total, 50% was distributed to the Measurable Data team, 30% was allocated for the public sale, and 20% was reserved for future development and partnerships.
Token Distribution
The initial token distribution was as follows:
- Measurable Data team: 500,000,000 MDT (50%)
- Public sale: 300,000,000 MDT (30%)
- Future development and partnerships: 200,000,000 MDT (20%)
Use Cases
MDT is used in a variety of ways within the Measurable Data Platform, including:
- Incentivizing data providers: Data providers are rewarded with MDT for sharing their data on the platform. The amount of MDT they receive is proportional to the quality and quantity of data they share.
- Rewarding data analysts: Data analysts are rewarded with MDT for their contributions to the platform. This includes analyzing data, developing new algorithms, and creating data visualization tools.
- Governing the platform: MDT holders can vote on proposals to change the platform's governance, such as the addition of new features or the allocation of funds.
Token Economics
The MDT token economics are designed to ensure that the token has a sustainable value and that it is used to support the long-term growth of the Measurable Data Platform. The token economics include:
- Limited issuance: There is a hard cap of 1,000,000,000 MDT coins. This means that the supply of MDT is fixed and cannot be inflated by the Measurable Data team.
- Utility value: MDT is a utility token that is used to power the Measurable Data Platform. This means that the token has a real-world use case and is not simply a speculative investment.
- Demand-based price: The price of MDT is determined by supply and demand. As the demand for MDT increases, the price of the token will increase.
Conclusion
The MDT token is a key part of the Measurable Data Platform. It is used to incentivize data providers, reward data analysts, and govern the platform. The token economics are designed to ensure that the token has sustainable value and that it is used to support the long-term growth of the Measurable Data Platform.
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