[UPDATED] Introducing $MTCL: Tokenomics and Distribution
Introduction to MaticLaunch
MaticLaunch is a fully decentralized fundraising platform for the next generation of ideas built on Polygon.
We aim to reduce rug pulls significantly by introducing our automated liquidity token locking mechanism. Additionally, the community alone will be choosing upcoming projects for investment based on our robust governance solution.
Thanks to Polygon, governance events and direct investments in future projects on our launchpad will consume exceptionally less fees yet making on-chain transactions faster. MaticLaunch community will be offered fair and guaranteed allocations to invest in their favorite projects.
$MTCL Utility Token
Unlike the lottery and tier mechanism, our fundraising solution is a little sophisticated and hence we will need a native token to fuel our ecosystem. Therefore, MTCL will be minted and used in the following cases:
1. Governance: The MaticLaunch community is granted the power to approve projects submitted on our launchpad by means of governance events. Every $MTCL token staker will be able to vote for projects to make a decision.
2. Allocation: In contrast to the tier and lottery systems, we provide guaranteed allocations to investors. In order to make the entire process fair, the number of $MTCL tokens staked will calculate an individual’s allocation.
3. Rewards: MaticLaunch involves the community in making almost all of the decisions. In order to incentivize their great technical and diligence efforts, we will be distributing staking rewards in $MTCL tokens post successful launch.
4. Liquidity Mining: MaticLaunch will be providing sufficient liquidity on DEX after the public sale. However, we will be launching our LP mining program to entertain sustainable trading volume while rewarding liquidity providers in $MTCL tokens.
5. Burning Events: We are exhibiting a long-term vision by burning $MTCL tokens. A certain part of fees collected via MaticLaunch will be used to buy back our native tokens and burn them under token price fall circumstances.
A quick overview of initial $MTCL stats:
Total Ticker: $MTCL
Token Protocol: ERC-20 (Polygon)
Total Supply: 20,000,000
Token for Sale: 9,000,000
Initial Market Cap: $116,093
A brief overview of $MTCL token distribution
• 45% Token Sale: Private round targeting influencers and beta testers while Public round comprising any interested individuals (51.28% ~ 3,076,923 MTCL to be burned from Presale; 64.91% ~ 1,947,300 MTCL to be burned from Public Sale — Token burn scheduled on DEX listing day)
•19.5% Ecosystem & Reward: Staking rewards and incentives for ecosystem growth
•15% Liquidity: Liquidity provision and liquidity mining program
•10% Marketing: Marketing MaticLaunch for building a stronger community and attracting new projects
•5% Team: To motivate and compensate team members for their dedication to develop and market MaticLaunch
•2.5% Advisors: Advisory remuneration for guiding MaticLaunch towards success
•2.5% Treasury: Future development needs and smart contracts auditing requirements
•0.5% Airdrop: Create awareness about MaticLaunch and $MTCL utility
$MTCL Token Release Schedule
Here is the brief overview of when evaluating the time period for a fully diluted market cap.
✦ Private Sale: 20% Unlocked at listing, 5% biweekly distribution
✦ Public Sale: 50% Unlocked at listing, 10% biweekly distribution
✦ Liquidity Fund: 33% Unlocked at listing, 10% monthly distribution
✦ Ecosystem & Reward: 0% Unlocked at listing, 8.33% monthly distribution
✦ Marketing: 2.5% Unlocked at listing, 5% monthly distribution
✦ Team: Locked for 9 months, 5.55% monthly distribution
✦ Advisors: Locked for 6 months, 8.33% monthly distribution
✦ Treasury: Locked for 7 months, 6.66% monthly distribution
✦ Airdrop: 0% Unlocked at listing, 100% distribution after 2 weeks
Being the first fully decentralized fundraising platform on Polygon, community matters to MaticLaunch. That is the reason why we are involving the community in our token sale rounds. We hope that the current tokenomics will depict a transparent picture. We are excited for an enrapture journey along with you!
For any queries, don’t hesitate to reach out to us on: