Introducing $MUNA and Upcoming Early Bird Program
The internet has made the world a global village and cryptocurrency and Blockchain technology is helping the villagers to trade and exchange value easily. For a long time now, Africa has been disconnected from the global economy. Blockchain technology and cryptocurrency is key tool to help Africans access global financial opportunities.
With Blockchain technology and crypto, Africans can easily buy and sell to anyone anywhere in the world without the usual restrictions. Our goal is to make this process simple and safe for everyone.
What is $MUNA?
MUNA is a utility and governance token of Muna. Muna users will receive $MUNA tokens based on the size of their contributions, activity and participation in the Muna ecosystem.
MUNA holders will be able to vote for new asset listing on Muna. Holders will earn $MUNA as they stake assets, create saving plans, vote for assets and refer family and friends to use Muna.
What are the use cases of $MUNA?
- $MUNA is a governance token that will be used by anyone who contributes to the Muna ecosystem, is interested in voting for adding new blockchain support, tokens and product features on the Muna app.
- $MUNA will offer holders discounts on transaction fees for fiat deposits and withdrawals.
- $MUNA can be staked and distributed to users at different intervals to be shared with the community.
- Affiliate and bounty rewards that will help in further distribution of $MUNA to reach more users.
A total maximum supply of 10 million $MUNA will be gradually minted through 5 years vesting period.
Updated: February 17, 2022.
- IDO & Pool Launch: 8% of the total emission (800k) is allocated for the token sale and pool launch. (650k $MUNA is to be sold during IDO and 150k $MUNA reserved for pool launch)
- Development & Marketing: 10% of the total emission (1 mln $MUNA) is allocated for the development & marketing activities, without a vesting period. 60% of development & marketing tokens will be used for the development of new features, hiring new team members, strategic partnerships, employees. 40% of development & marketing tokens will be used for marketing activities.
- Referral, Bounty, Contest: 12% of the total emission (700k $MUNA) is allocated for referrals, Bounties, and Contests, without a vesting period.
- Private Investors & Team: 10% of the total emission (1 mln $MUNA) is allocated for the private investors and the team, with 5-years vesting (200k each year) period.
- Early-Bird program: 10% of the total emission (1 mln $MUNA) is allocated for early-bird rewards, with 2-years vesting (500k each year) period. Started on October 21st. The early-bird program will end on February 23rd.
- Muna Users: The remaining 50% of the total emission (5 mln $MUNA) is allocated for the Muna ecosystem and users, with a 5-years vesting (1 mln each year) period. Muna users will receive $MUNA tokens based on the size of their contributions and activities. The team will adjust the size of the rewards.
$MUNA Early-Bird Program
Users who start actively saving USDN using Muna before the token sale are called early bird and are eligible for the $MUNA early bird reward program. Early-bird rewards will be distributed between these users in proportion to their staked USDN, savings plans, swapped amounts and their supply amount on DeFi Protocol on Muna.
The Early Bird program will last until February 23, 2022. A total of 1 mln $MUNA tokens are reserved for early birds. The early-bird rewards will be unlocked gradually within two years after the launch, on a per-block basis.
Muna team will announce the early-bird program with guides and calculations. You can start by creating a saving plan on Muna and start staking and supplying liquidity within Muna now to get counted in when the $MUNA early bird period starts.
The price of the $MUNA token depends on the users who trade them on exchanges. The holders of the token decide on what is its value. $MUNA market price will be driven by supply and demand. Muna team will generate revenue from;
- Custom token listing fees
- Custom staking service fees
- Asset trading fees
- Third-party API project support fees
Part of revenues generated from Muna will be used to buy back $MUNA tokens from the open market to increase the MUNA token value.
Welcome to simple and safe crypto savings and payment.