Skip to main content

Tokenomics

The $MAJ Token​

Majora is a public good and is intended to be decentralized. The protocol will be controlled by a token ERC20 called $MAJ. The $MAJ token controls all aspects of Majora and is designed to align users & protocol interests.

info

You can find our tokenomics paper here.

Supply Distribution​

The total supply of MAJ will be 1,000,000,000 tokens distributed in this way:

Contributors: 21%​

  • Core Team: 13.6%
  • Future Team Members: 3.4%
  • Reserve: 4%

Investors: 15%​

  • Early Backers Round : 3%
  • Seed/Pre-sale : 9.6%
  • Public Sale : 2.4%

MM/CEX : 2.5%​

Advisors: 0.5%​

DAO: 61%​

  • Treasury
  • Liquidity Bootstrapping Pool
  • Airdrop 👀

Staking​

Genesis phase​

Before the $MAJ token is made transferable, a single-sided staking called StkMAJLocked will be deployed. All MAJ Token claimed during the genesis phase (airdrop, investors vesting, etc) will be automatically deposited in StkMAJLocked and transferred in order to be claimed by the user. StkMAJLocked will not be transferable and the unstaking process will be available at the beginning of the launch phase.

Launch phase​

There will be two forms of staking:

  • MAJ single-sided staking (StkMAJ): A basic single-sided staking, each MAJ staked will be equivalent to 1 StkMAJ.
  • MAJ liquidity pool staking (StkMAJLP): Holders depositing MAJ token into liquidity pool (MAJ/WETH) can stake their LPs and receive Staked MAJ LP.

A weighting of rewards will be implemented between stkMAJ and StkMAJLP stakers in order to receive a fair share of the protocol fees from the FeeDistributor rewarding positive externalities of liquidity providing.

The StkMAJ and StkMAJLP will be a transferable ERC-20 token. Holders will be able to unstake their tokens through a 1 epoch duration unstaking process. The withdrawal process is inspired from the one implemented on Aave safety module.