📖
Moxy Tokenomics
  • Introduction
  • The Moxy Ecosystem
    • Moxy eSports
    • Moxyan
  • Token Mechanism
    • Overview
      • $MOXY token
      • $WMOXY token
    • Proof-of-Play mechanism
      • PLAY
      • SCORE
    • Governance Mechanism
      • Moxy Governance Reward (MGR)
      • Governance proposal voting
  • Token distribution
    • Token Supply
    • Allocation
      • Ecosystem
      • Moxy Foundation
      • Treasury
  • Moxy Whitepaper
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  2. Governance Mechanism

Moxy Governance Reward (MGR)

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Last updated 1 year ago

are encouraged to lock their $MOXY into Moxy Governance Rewards (MGR) and participate in Moxy’s Governance; 1 $MOXY locked will give 1 MGR.

are incentivized to lock their $MOXY into MGR because they can earn 2 - 10% annual rewards paid in $MOXY. The annual rewards earned varies based on the governance participation level, according to the following:

  • Vote Once within the last 90 days - 2% annual rewards

  • Vote 4 times within the last 180 days - 4% annual rewards

  • Vote 7 times within the last 365 days - 6% annual rewards

  • Vote 12 times or more within the last 365 days - 10% annual rewards

Holders with locked $MOXY may also lock their token as MGR, but their annual rewards that can be earned will be capped at 4%.

New $MOXY would be minted to reward the active MGR participants.

When holders withdraw MGR, the conversion back into $MOXY will happen over a 90-day linear vesting period with a daily release. The 90-day release mechanism protects the Moxy Ecosystem from volatility while rewarding users for locking into MGR.

Voting by Moxyans is a critical part of the of platform growth and evolution. Moxy has created MGR as a mechanism to reward Moxy Club members for their continued participation in critical topics that will shape the future of Moxy.

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