📔Overview
Last updated
Last updated
Community tokens are digital assets unique to each community within the platform. These tokens facilitate transactions, rewards, and engagement within the community. Community members can buy, sell, and earn tokens through various activities and features offered by the platform. The maximum supply of community tokens is capped at 1,000,000. A 7% royalty fee is applied to minting and burning tokens, contributing to community funds and platform maintenance.
ERC20 Standard: Community tokens adhere to the ERC20 standard, ensuring compatibility with a wide range of wallets and platforms.
Bonding Curve Contract: The tokens are backed by a bonding curve contract based on AVAX, ensuring a dynamic pricing model based on supply and demand.
Instantly Tradeable: Tokens can be traded instantly within the platform, providing liquidity and flexibility for community members.
Transaction Royalties: A small royalty fee is applied to transactions. These royalties are used to reward posts within the community and to fund community initiatives or platform maintenance.
Musing's community tokens are designed to foster engagement and reward content creators within each community. By integrating a bonding curve mechanism, we ensure that tokens can be easily created, traded, and managed. The tokenomics are structured to scale the market cap up to ~$1 billion, ensuring robust economic incentives and sustainable growth.
• Initial Price: 0.001 AVAX (~$0.03, current price of AVAX is about $30)
• Final Price: 0.333 AVAX (~$10)
• Max Supply: 100 million tokens
• Max Market Cap: ~$1 billion
