Moxy Governance Reward (MGR)

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

Moxyan 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.