What is MATH Token?
MATH is the primary token on the MathChain. An initial total limit of 200M MATH will be created.
MATH will run natively on the Ethereum / BinanceSmartChain as ERC-20 / BEP-20 token in beginning and will migrate to MathChain after launch.
|MATH VPOS Mining Pool||60%||120 M|
|Professional Investor||30%||60 M|
|LockDrop Investor||10%||20 M|
Professional investor includes Fenbushi Capital, Alameda Research, Binance Labs, FundamentalLabs, Multicoin Capital, NGC Ventures, 6Eagle Capital, Amber Group.
What is MATH used for?
- Transaction fee
- Cross-chain message fee
- Participation governance
- MathWallet service fee
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.