Both Genesis MONA NFT holders and $MONA token will serve part of the platforms governance. Holders will be eligible to receive a portion of the platform’s revenue and also vote on proposals across monetary and treasury policies, protocol development. This revenue redistribution amount will be different across Genesis MONA NFT and $MONA holders, being dependent on the amount of ETH contributed for the Genesis MONA NFT during the Genesis Period and also the amount of $MONA held.
A total of 500 Genesis MONA NFTs will be distributed during the Genesis Period. 92% of these Genesis MONA NFTs will be allocated to the community participants, 5% will be allocated towards the Protocol Reserve and 3% will be allocated to certain team members and advisors that helped immensely in contributing to the launch and development of the platform.
The DIGITALAX platform will allocate 90% of the $MONA token total supply to staking rewards and 10% to the Protocol Reserve. Note that 200 $MONA from the 9,000 $MONA allocated for staking was put towards providing the initial liquidity for the $MONA/ETH uniswap pool. The $MONA token will be distributed through staking NFTs on the DIGITALAX platform. $MONA will be distributed over the course of 1 year, where 3,600 $MONA tokens will be distributed evenly over the first two months. For the last 10 months, the remaining $MONA will be distributed according to the exponential decay model.
Parents NFTs are ERC-721 and can be bought at auction. Child NFTs are ERC-1155 and used in the supply chain and DOF Sheet. VIR is a contract on the NFT + Stable Coin Wrapper.
There is no pre-sale. No investors or venture capitalists are backing DIGITALAX. The team bootstrapped the project.
Genesis MONA NFT
Genesis MONA NFT and $MONA holders are eligible to receive a portion of the revenue.
Revenue from the marketplace protocol fee
Rewards from ERC-20 $MONA utility token staking
This revenue redistribution amount will be different across Genesis MONA NFT and $MONA holders, being dependent on the amount of ETH contributed for the Genesis MONA NFT during the Genesis Period and also the amount of $MONA held.
All Genesis MONA NFT and $MONA holders are able to enjoy DIGITALAX Rewards.
Marketplace loyalty and rewards through discounts, customisations etc.
All Genesis MONA NFT and $MONA holders can vote on monetary policies, security policies and R&D.
Incentives of $MONA token for participating in voting.
The holders must exercise their rights at least once every 30 days.
Non-active Genesis MONA holders can have their governance rights and abilities diminished or fully reverted.
*200 $MONA from the Staking Rewards allocation was put towards providing the initial liquidity for the Uniswap MONA/ETH pool
$MONA is also accepted for payments and transactions on OpenSea