Monsoon Finance Tokenomics: $MCASH Specifications & Utilities
Monsoon Finance enables privacy on every blockchain that supports it, and its native token, MCASH, is designed to achieve just that. With its recent success with the fundraising and upcoming IDO on Polystarter & BullPerks on 27th September, it’s time we learn about the specifications and many use-cases of $MCASH.
Monsoon Finance, a multi-chain privacy protocol, overcomes existing blockchain challenges by providing private transactions to any and every smart contracts blockchain. It aims to solve privacy issues with tools like a Multi-chain Privacy Bridge and a Multi-chain Privacy DEX.
Monsoon Finance will restore the fundamental right of privacy and anonymity. This is possible with the help of Monsoon cash, a fork of Tornado cash that will provide privacy features. It has already started with Binance Smart Chain and is planning to start with Polygon soon.
Similarly, with Monsoon Finance, the user can deposit assets on one chain and privately withdraw them on any other chain. This is to provide more flexibility to users and improve their overall experience with the platform along with advanced privacy features.
Lastly, by using the Monsoon Discovery Network, users can deposit an asset on one chain and privately swap it for any asset on any other chain with top in-class privacy features. This not only provides flexibility but also an overall sense of security as well.
USE CASES OF MCASH
MCASH is the utility token of Monsoon Finance and a fork of Tornado Cash for Polygon and BSC. By acquiring MCASH tokens, users can participate in protocol governance and weigh in on its modifications. In addition, all fees generated by the protocol are used to buy back and burn MCASH tokens. Once $MCASH is publicly available, users can easily mine it on Monsoon maintaining their anonymity. The more you use it, the more say you have in the evolution of the protocol.
$MCASH will be the medium of exchange and used as a primary mode of payment on the Monsoon Protocol. Additionally, MCASH will be used for staking and liquidity pools in the ecosystem. Liquidity Providers staking MCASH will be rewarded with our tokens.
MCASH Tokenomics:
- Ticker: $MCASH
- Total Supply: 100M
- MCASH Price (USD) Public Sale: $0.20
- Initial Market Cap: $445,500
Token Allocation and Distribution:
- Public Round: Allocated for Public Sale : 1.25%
- Private: Allocated to investors in Private Sale : 13%
- Seed Sale: Allocated to investors in Seed Sale : 6.25%
- Governance Treasury: Allocated for protocol governance : 25%
- Allocated for the Team : Allocated to team : 6.50%
- Allocated for Development : 7%
- Allocated for Advisors : 6%
- Marketing : 17%
- Privacy Farming : 9%
- Liquidity Farming: Allocated for liquidity provision (DEX, CEX) : 9%
Token Vesting Schedule
- Public Round: 50% unlock at TGE, then linear vesting over 2 months. Price per $MCASH token: $0.20
- Private Sale: 8% unlock at TGE, then 10% every 30 days for 270 days. Price per $MCASH token: $0.153
- Seed Sale: 5% unlock at TGE, then 10.55% every 30 days for 270 days. Price per $MCASH token: $0.08.
- Governance Treasury: 5% unlock per month, after 3 months.
- Team: 5% unlock per month, after 3 months.
- Development: 5% unlock at TGE, then 5% every month.
- Advisors: 5% unlock per month, after 3 months.
- Marketing: 5% unlock at TGE, then 10% every month.
- Privacy Farming: Linear distribution over 1 year.
- Liquidity Farming: Linear distribution over 1 year.
Now that you’re familiar with MCASH tokenomics, why not lock some $MCASH in Monsoon Finance IDO which will be launching on 27th September on Polystarter & BullPerks. With the public sale right around the corner, the Monsoon Finance announcement channel is booming with new and exciting updates, so make sure you pay attention.
Read Research Report by Polystarter about Monsoon Finance: https://bit.ly/3hRl4HP
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About Monsoon Finance
Monsoon Finance is a decentralized multi-chain privacy protocol bringing private transactions to every smart contracts blockchain. On Monsoon, users get a privacy bridge, multi-chain private DEX, anonymity mining, trusted setup ceremony, and more. Monsoon is the first to bring privacy to BSC & aims to be the first for other blockchains like Polkadot, Polygon, & Fantom.
Monsoon: Enabling Privacy, One Chain at a Time
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