How much is the circulation of MOODENG?

With a limited total supply of 100 million MOODENG tokens, the platform strategically allocates and releases tokens through a well-defined distribution schedule and burn mechanisms to enhance token scarcity and drive value.

Dec 05, 2024 at 04:11 pm

Understanding the Circulation of MOODENG

MOODENG is a decentralized social media platform that utilizes blockchain technology to empower creators and connect them with their audiences. Its native token, $MOOD, serves as the backbone of the ecosystem, facilitating transactions, rewards, and governance.

1. Total Supply

The total supply of MOODENG is fixed at 100 million tokens. This limited supply ensures the scarcity and potential value growth of the token over time. The distribution of these tokens is designed to incentivize various stakeholders, including the MOODENG team, early investors, and active community members.

2. Circulating Supply

The circulating supply refers to the number of MOODENG tokens currently in the market and available for trading. As of [date], the circulating supply is approximately [number] MOOD. This circulating supply is subject to change over time as new tokens are released or burned.

3. Token Distribution

The MOODENG team allocated the initial distribution of tokens as follows:

• Team and Advisors (20%): 20 million MOOD tokens were allocated to the MOODENG team and advisors to support platform development and operations.
• Seed and Private Sale (20%): 20 million MOOD tokens were sold during seed and private funding rounds to early investors who believed in the project's mission.
• Community Allocation (30%): 30 million MOOD tokens were reserved for the community, including rewards for content creators, active users, and ecosystem contributors.
• Public Sale (30%): 30 million MOOD tokens were made available to the public through token exchanges and initial DEX offerings (IDO).

4. Token Release Schedule

The MOODENG team has established a token release schedule to gradually release the remaining tokens over time. The schedule is designed to prevent excessive market sell-off and maintain a healthy balance between supply and demand. The token release schedule typically includes vesting periods and milestones that must be met.

5. Token Burn Mechanisms

MOODENG employs token burn mechanisms to periodically remove a portion of the circulating supply from the market. This helps to reduce the total supply, increase scarcity, and potentially drive up the value of the remaining tokens. Burn mechanisms can be triggered through various means, such as a percentage of transaction fees or platform revenue.

6. Staking and Rewards

MOODENG offers staking rewards to its users who hold their tokens in designated staking pools or wallets. Staking allows MOOD holders to earn passive income while supporting the security and stability of the platform. In return for staking, users receive a share of platform fees, governance rights, and other exclusive benefits.

7. Token Utility

The MOODENG token has multiple use cases within the ecosystem:

• Content Creation and Curation: Creators can earn MOOD tokens by creating and sharing engaging content on the platform. Curators can also receive rewards for discovering and promoting quality content.
• Governance: MOOD holders can participate in the governance of the platform by voting on proposals related to protocol upgrades, fee structures, and community initiatives.
• Community Engagement: Users can interact with the MOODENG community through forums, events, and giveaways, earning MOOD tokens for their contributions and participation.
• Transaction Fees: MOOD tokens are used to pay transaction fees on the platform, such as content purchases, tips, and staking rewards.