Market Activity Allocation
A key part of the newly coordinated staking incentive mechanisms is the introduction of additional utility, whereby now staked $MONA/$MONA LP & Genesis NFT holders will also receive additional token allocations dependent on market activity.
Instead of linear, bidirectional and purely speculative, the relationship between token holders, market suppliers, and market buyers, is to cultivate and to some extent even govern circulation beyond the usual flat concentration of liquidity, volume, variety, and other activity deltas.
What makes token economics so much more powerful than any other economic school of thought that has been upheld previously, is programmability. Never before have so many been able to do so much with our representations of value and the devices, mechanisms and conduits that we exchange them through. The ability to dynamically and through the full sweep of the spectrum, from the most nuanced and precise to the most broad and large scale, align incentives, has never been so fluid, globally networked and compounding.
The purpose of these additional token allocation rewards is to begin better circulating the value within the DIGITALAX and web3 fashion economies. Instead of tokens remaining static, we can now further spread the base and decentralise the capital stack from edge to edge.
Thus, it’s important that when taking these next steps, the upcoming and retrospective distributions are taken into account in a fair and effective manner to advance the core purpose of why these tokens exist.
As stated when DIGITALAX first launched, once the respective smart contracts were launched, there would be a retroactive allocation, and, with the new staking contracts now live this retroactive distribution can start to take place, incorporating splits that the DIGITALAX Treasury received during the initial auction and marketplace sales over the past year. See below all of the transparent splits and also the scheduling for distribution:
Amount ($MONA)
December 2021
January 2022
February 2022
The retroactive distribution will be scheduled over 3 months with reward deposits made weekly and distributed across $MONA, $MONA LP and Genesis MONA NFT holders according to their ownership in the staking pools. Each week there will also be token rewards from the primary and secondary marketplace activity that are distributed to holders. The DIGITALAX Treasury currently takes a 15% allocation of NFT sales from the marketplace, and of this for the next 3 months, there will be a 33.33% of the 15% distribution to stakers, with the remainder allocated to the Treasury.
These additional token rewards from market activity are not limited to only being sourced from the marketplaces live today. They will grow significantly in volume and allocation over time as realm and broader ecosystem activity ramps up. As the most dominant share of one market in one ecosystem isn’t all that different from what we’ve all seen elsewhere before — nor is it that exciting.
Think about Opensea, Superrare, or really any NFT marketplace, just 12 months ago. The volume and liquidity was so low, that most people that are in the space today, having only entered a few months ago, would not recognise how far we’ve come. The point with this is that web3 fashion is in this same nascent stage today, however, the difference is, that the scale of the hypergrowth to come is so much more of a greater order of magnitude that we can’t even begin to comprehend what this 10,000x scale up actually means for every industry globally.
It starts with web3 fashion because it is the interface we wear between each other in the abstract sense and the entirely real.
Thus, the structure over the next 3 months of how additional token rewards for distribution are scheduled to work, will also incorporate value from the patrons platform and sale of the designer realm utility NFTs, the realm runway and digi model seasonal monthly collection sales, DIGIFIZZY subscription NFT sales and DRIP physical market sales.
Over time, governance token holders also gain greater ability to coordinate and vote on the allocation of these split pools between the DAO treasury and the token holders themselves. The first votes will begin to go live over the next weeks for further defining and re-balancing token allocation amounts.
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