Tokenomics
Last updated
Last updated
Tokenomics is a crucial aspect of the MxAgent ecosystem, as it defines the economic model that governs the creation, distribution, and utilization of tokens within the network. The tokenomics of MxAgent is designed to incentivize participation, ensure the sustainability of the network, and facilitate the seamless operation of AI agents.
The MxAgent Network is designed with a robust economic foundation, and the token supply is a critical component of this. At the mainnet launch, the total supply of $AGENT tokens will be 1 billion. This initial supply is set to ensure that there is enough liquidity for network operations while also maintaining the value of the token.
The $AGENT token supply is strategically calculated to balance the needs of the network's growth and the interests of the participants. It is intended to provide sufficient tokens for staking by Agencies, Curators, and Delegators, enabling them to perform their essential roles within the network. Moreover, this supply serves as the starting point for the network's economy, from which transaction fees, rewards, and other economic activities will be derived.
The token supply is not static; it is subject to change based on the network's governance decisions. The initial 3% annual issuance rate of new tokens is designed to incentivize the operation of nodes and the curating of AI Agents, ensuring ongoing participation and investment in the network. This issuance rate can be adjusted by independent technical governance to respond to the evolving needs of the network and its participants.
The MxAgent network has devised a comprehensive token distribution plan that ensures a balanced allocation of tokens to support the network's growth and incentivize various stakeholders. Below is a detailed breakdown of the token distribution percentages across different categories:
- DAO (Decentralized Autonomous Organization): 30%These tokens are reserved for the DAO, which represents the decentralized governance layer of the MxAgent network. This significant allocation underscores the network's commitment to decentralization and community-driven decision-making.
- Community, Marketing, and Bounty: 27.5%This portion of tokens is allocated to the community, marketing efforts, and bounty programs. It is designed to foster a robust and engaged community, fuel the network's visibility, and reward contributors who help improve and secure the platform.
- Team: 22.5%Tokens allocated to the team are a testament to their long-term commitment and belief in the network's success. This allocation is typically vested over time to align the team's incentives with the network's growth and sustainability.
- IDO (Initial DEX Offering): 5%A smaller, yet crucial, allocation is set aside for the IDO. This allows for liquidity and initial distribution of tokens to early adopters and supporters through decentralized exchange offerings.- Private: 2%Private allocation is often reserved for early investors and partners who contribute to the network's development before a public offering. This group is instrumental in providing the initial capital and support needed for the network's launch.
- Strategic: 3%Strategic allocation is targeted towards partnerships and collaborations that have a long-term impact on the network's growth. These tokens are typically distributed to entities that can offer significant strategic value.
- Seed and Angel: 10% (5% each)Seed and angel investors are the earliest backers of the project, providing capital during the network's nascent stages. Their support is crucial for the network's initial development, and the allocation reflects the high risk they undertake.
The MxAgent network's token distribution is designed to align the interests of all parties involved, from the developers and initial backers to the community and governance bodies. By strategically allocating tokens, the network ensures a solid foundation for its ecosystem and a path towards a decentralized future.
Staking is a fundamental component of the MxAgent tokenomics model. Participants can stake their $AGENT tokens to support the network's security and operations. In return, they receive staking rewards in the form of additional $AGENT tokens. This incentivizes long-term participation and contributes to the network's stability.
$AGENT holders have the power to participate in the governance of the MxAgent network. Through a decentralized governance model, token holders can propose and vote on key decisions, such as protocol upgrades, parameter changes, and the allocation of funds. This ensures that the network remains community-driven and aligned with the interests of its participants.
In the MxAgent Network, the $AGENT token is more than just a currency; it is a work token that embodies the principle of 'proof of stake' in the ecosystem. As an ERC-20 token on blockchain, $AGENT is integral to the network's functionality, serving as the key to resource allocation and the execution of services.
Participants in the network, including Agencies, Curators, and Delegators, are required to lock up a certain amount of $AGENT to engage in their respective roles. This lock-up mechanism is fundamental to the network's operations as it ensures that those who contribute to the network's maintenance and governance have a stake in its success.
The act of locking up $AGENT tokens is twofold in its purpose. Firstly, it aligns the incentives of the participants with the health and longevity of the network. By having skin in the game, participants are motivated to act in the network's best interest, as their rewards are directly tied to their performance and the value they provide. Secondly, the locked-up $AGENT serves as a security measure. It can be slashed or forfeited in the event of malicious actions or failure to meet the network's standards, thus safeguarding the network against potential abuses.
The requirement to lock up $AGENT tokens to perform work within the network creates a meritocratic system where the distribution of rewards and responsibilities is based on the participants' commitment and contribution. This ensures a fair and secure network where the participants who are most invested in its success are the ones driving it forward.
The tokenomics of MxAgent is designed to ensure the long-term economic sustainability of the network. By balancing token supply and demand, incentivizing participation, and fostering a community-driven governance model, MxAgent aims to create a thriving ecosystem that benefits all stakeholders.
The following section outlines the strategic fundraising rounds that have been undertaken to support the growth and development of our network. Each round is designed to align with our long-term vision and to ensure a fair and equitable distribution of $AGENT tokens to our supporters and investors.
Objective: Raise USD 1.0 million
Tokens Distributed: 50 million $AGENT
Equity Offered: 5% of total supply
Fully Diluted Valuation: USD 20 million
Price per Token: $0.02
Vesting Period: 9 months
The Angel Round was our inaugural fundraising effort, offering early backers a significant opportunity to participate in our network's potential at a foundational level.
Objective: Raise USD 2 million
Tokens Distributed: 50 million $AGENT
Equity Offered: 5% of total supply
Fully Diluted Valuation: USD 40 million
Price per Token: $0.04
Vesting Period: 6 months
The Seed Round followed, providing a platform for strategic investors to contribute to the network's early-stage growth, with a slightly higher valuation reflecting our progress.
Objective: Raise USD 2.4 million
Tokens Distributed: 30 million $AGENT
Equity Offered: 3% of total supply
Fully Diluted Valuation: USD 80 million
Price per Token: $0.08
Vesting Period: 3 months
The Strategic Round targeted key partners and investors whose expertise and networks could significantly accelerate our network's development.
Objective: Raise USD 2.0 million
Tokens Distributed: 20 million $AGENT
Equity Offered: 2% of total supply
Fully Diluted Valuation: USD 100 million
Price per Token: $0.10
Vesting Period: 2 weeks after the end of IDO
The Private Round was designed to fine-tune our network's market fit and to secure the commitment of private investors who share our vision for the future.
Tokens Distributed: 50 million $AGENT
Equity Offered: 5% of total supply
Vesting Period: No vesting
The IDO represents a pivotal moment, opening up our network to a broader public audience and marking the transition to a fully operational phase.Each fundraising round has been meticulously planned to ensure that our network is well-capitalized to achieve its ambitious goals. The structured vesting periods reflect our commitment to long-term success and the sustained growth of the $AGENT ecosystem.