4.4 Equity Tokens (veMMI)
veMMI is a stakeholder token obtained by users through locking MMI, and its number is pegged to the lock time and the number of MMIs.
The design of veMMI encourages users to hold MMI for a long time and participate in ecological governance, thereby enhancing the decentralized characteristics of the community.
Attributes: Governance credentials
Core functions:
Governance voting: veMMI holders can participate in platform governance, and voting determines the development direction, parameter adjustment, etc.
Revenue bonus: Holding veMMI can receive additional rewards, such as higher mission gains or airdrop share.
Cooperative access rights: veMMI holders enjoy exclusive rights with partners, such as discounts or priority.
Locking mechanism:
a. Users can lock MMI in smart contracts, with the locking time of 1 week to 4 years. The longer the lock-up period, the more veMMI you get.
b. Quantity calculation: The number of veMMIs is proportional to the number and time of locked MMIs. For example, 100 veMMI can be obtained by locking 100 MMI for 1 year, and 400 veMMI can be obtained by locking 100 MMI for 4 years.
c. Equity bonus: veMMI holders enjoy task reward bonus, airdrop bonus, etc., and the specific bonus ratio is linked to the number of veMMI.
d. Governance Voting: VeMMI holders can participate in major decisions on the platform, and the voting weight is proportional to their holdings.
e. Unlocking mechanism: After the lockout expires, the user can retrieve the MMI, and the veMMI will become invalid.
specific implementation methods and values will be changed through DAO governance voting.
The veMMI mechanism encourages users to hold MMI for a long time and participate in governance, enhancing the stability of the ecosystem.
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