Overview
The native token, MAZZE, is set to revolutionize the ecosystem through a wide array of functionalities. This document outlines the structured information about the project, its native token utility, the strategic approach towards liquidity and community engagement through an ERC20 token on the Ethereum network, and the planned transition towards its mainnet launch.
Token Utility
The native MAZZE token, integral to the Mazze blockchain, is designed to serve multiple key functions, ensuring the robustness and sustainability of the network. The utilities include:
Transaction Processing & Smart Contract Execution
Miner Rewards and Incentives
Block Reward and Inflation Management
Network Incentivization
Bonding for Storage Space
Economic and Security Measures
Adoption and User Incentives
Ecosystem Growth and Sustainability
ERC20 MAZZE Token
Prior to the mainnet launch, an ERC20 version of the MAZZE token has been created on the Ethereum network with the same name to initiate a public sale aimed at:
Community building
Creating awareness for the project
Fundraising for development and partnerships
Generating liquidity
Ensuring accessibility on Decentralized Exchanges (DEXs)
Expansion through Centralized Exchanges (CEXs).
Token Distribution
The total supply of 5,000,000,000 MAZZE tokens is allocated as follows:
Vesting
Initially, only the 'Sale and DEX Liquidity' tokens (52%) will be in circulation. The remaining tokens are locked in a vesting contract with a one-month cliff, followed by linear release over 11 months, totaling 12 months for complete release.
Liquidity and Public Sale
Liquidity Allocation: 600,000,000 tokens for Uniswap listing.
Public Sale Allocation: 2,000,000,000 tokens.
Mainnet Launch and Token Transition
Upon the mainnet launch, 5,000,000,000 MAZZE tokens will be minted in the Genesis block. A one-way bridge will facilitate the conversion of ERC20 MAZZE tokens to native MAZZE tokens on the Mazze blockchain, ensuring a seamless transition for token holders.
Key Details
Initial Supply: 5,000,000,000
Initial Circulating Supply: 2,600,000,000
Max Supply: None (inflationary blockchain model)
Inflation Rate: Initial rate of 8.83% per annum, decreasing by a factor of 0.958 quarterly, halving approximately every four years.
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