MATH Token
An initial total limit of 200M MATH will be created. MATH will run natively on the Ethereum as ERC20 token in beginning and will migrate to MathChain after launch.
Professional investor includes Fenbushi Capital, Alameda Research, Binance Labs, FundamentalLabs, Multicoin Capital, NGC Ventures, 6Eagle Capital, Amber Group.
MATH Token Farming
Math farming power based on the market value of BTC, ETH, DOT, MATH and other assets that user deposit in the MathVault Mining Pool. 10% mined MATH tokens will go into MathChain Treasury, rest 90% will send to mined users. Treasury will be controlled by MathChain governance. Mining pool of MATH halved every two years.
MATH token farming started on 2019-09-26 12:00:00 Singapore Time, details on http://explorer.mathwallet.org
MATH Token Annual Issuance
Issuance will NOT start until MATH Chain mainnet launch. Max annual issuance will be determined by average monthly staking rate of MATH. Issuance MATH token will be used to reward parachain auction participants and parachain/parathread collators to acquire mainnet security.
MATH Token Burn
All MATH transaction fee & cross-chain message fee will be burned.
MathChain implements fee market, which is a method to have more predictable transaction fees. With this method, the base transaction fees are burned. Unlike Bitcoin/Ethereum, the fee will not need to reward miners, but will be burned to increase the value itself.
MATH Token Usage
- Transaction fee
- Cross-chain message fee
- Participation governance
- MathWallet service fee
Governance
MathChain has an on-chain democracy system. Users and a democratically elected council can submit referendum proposals, which are voted by coin holders. This user-driven governance system allows MathChain to enact runtime upgrade much more easily, and with much reduced risk of network split, compared with hard-fork-based governance systems.
The same system also allows upgrading the consensus, including mining algorithm and difficulty adjustment algorithm.
A democracy governance system allows MathChain to build a public-good treasury system, with token holders having the final say on how funds are spent. The treasury taxation is fair, and at the same time voluntary, reducing the risk of centralization and misuse.
Road Ahead
Eventually MathChain will be a decentralized permissionless parachain powered L2, that allows easy interoperaibility with Polkadot / Ethereum / BSC / Filecoin / Rollups / EVM side chains, and focus on massive adoption / go-to-market / inclusive blockchain applications.
