Who issued MOODENG?

MOODENG's token supply distribution, with a majority held by ICO investors, reflects the typical issuance strategy for cryptocurrencies.

Dec 06, 2024 at 12:30 pm

Who Issued MOODENG?

Background

MOODENG is a cryptocurrency token launched in 2022. Its native blockchain operates on a proof-of-stake (PoS) consensus mechanism. The tokenomics and distribution details of MOODENG provide insights into its issuance and allocation.

Issuance Mechanisms

MOODENG was issued through two primary mechanisms:

• Initial Coin Offering (ICO): MOODENG conducted an ICO in January 2022, selling a portion of its token supply to early investors to raise capital for development and marketing.
• Genesis Block (Pre-Mine): A pre-determined number of MOODENG tokens were allocated to the genesis block of its blockchain as a reward for validators who participated in the initial network setup.

Token Allocation

The MOODENG token supply is distributed as follows:

• Investors (ICO): 40%
• Team and Advisors: 20%
• Ecosystem Development: 20%
• Marketing and Partnerships: 10%
• Community and Liquidity: 10%

Key Features of Allocation

• Majority Held by Investors: A significant portion of the token supply is held by investors who participated in the ICO. This aligns with the purpose of ICOs in raising capital from external sources.
• Team and Advisors' Share: The allocation to the development team and advisors ensures their commitment and incentivizes their contributions to the project.
• Ecosystem Development: The allocation for ecosystem development supports initiatives that enhance the utility and adoption of MOODENG.
• Marketing and Partnerships: Resources dedicated to marketing and partnerships facilitate the growth of the MOODENG community and foster strategic collaborations.
• Community and Liquidity: A portion of the token supply is allocated to promote community engagement and ensure liquidity in the market.

Conclusion

MOODENG was issued through an ICO and a genesis block pre-mine, distributing the token supply among investors, the team, ecosystem development, marketing, and the community. This allocation strategy aims to support the project's growth, foster its ecosystem, and incentivize stakeholders involved in its development.