EVERY SINGLE TIME you invest in ANY token, you *must* research its token distribution
If you don't, be prepared for unexpected outcomes at any time.
For this very reason, let's dive into @MELD_Defi token distribution.
🤔 What does the $MELD token do?
It serves as a gas token on the MELD blockchain (powered by Avalanche as a subnet)
Used in the protocol's governance. Votes are processed using $MELD
MELD staking pools to balance other financial activities
Insurance for the protocol itself
According to MELD's whitepaper, the token distribution is allocated as it follows:
In my personal appreciation, it's a healthy distribution considering MELD's protocol nature.
But let's dive deeper into that 👇🏻
Even though the private sale consisted of 30% of the total amount of tokens, the holders vest 4% monthly, until they reach 100%.
This means that the tokens would be fully vested after 25 months.
Considering the sale ended on October 2021, tokens are almost full vested.
At this point you might be wondering what the ISPO is.
ISPO stands for Initial Stake Pool Offering. This was a novel funding method in the Cardano blockchain (where they initially launched), that consisted of receiving $MELD according to how much $ADA you stake in certain pools.
This token distribution follows one of the main principles of blockchain philosophy: a proper distribution that does not risk the security of the protocol nor the valuation of the token.
Want to know more about @avax and @MELD_Defi? Give me a follow and turn on notifications! 🔔
αɾʂԋ9000 🔺
@Arsh0x1
@avax official ambassador | DeFi Researcher | #Avalanche ambassador for @MELD_Defi | Marketing Consultant at @BioFiGlobal 🧑🏻💻
