Token Distribution and Presale
MFI token was deployed as a fair launch. No MFI tokens were preminted or presold. First, initial liquidity was provided to the MetFi treasury in the amount of 204,600 BUSD. The treasury then purchased the DAO NFT #10 (Humpback) for 102,300 BUSD. This is the first position in the MetFier rewards matrixes and is 100% owned and held by the treasury.
The treasury then followed the recommended optimal staking strategy and purchased an additional 102,300 BUSD of MFI tokens that it staked to the DAO NFT. The DAO NFT is unspendable, unsellable, and unstakable and will forever remain in the MetFi treasury. The community could vote to burn the tokens in the DAO NFT as it might misrepresent the total market cap of MFI.
There was no:
- Seed sale
- Private sale
- Public presale
- or any other type of MFI token presale or gifting.
All total supply of MFI tokens has been either minted by the treasury abiding by the strict minting policy described above or have been bought from the open market.
There has been no launch pre-announcement or marketing prior the token launch. The whole community and token holdings are the result of organic growth of a great project.