Why does your project need a token?
Mosaic token or MZX is a utility token used for content curation on the Mosaic platform, staking for Mosaic contributors and researchers, and payment of subscription fees.
is it mean that without MZX token i cannot use the platform? but that's fine no more free in this world, I'm confused with the staking can you give more info about that sounds interesting
Staking tokens are needed in the platform as if you do bad on your posts, tokens will be returned to the pool and vice versa. Theres also smaller staking system wherein you used tokens to participate in the network.
Cool because of this mechanism all the participants in the platform will give the right information and will be bias in all the information if they not do it, they will pay for it, nice idea i like how Mosaic platform will do i think these will help a lot in crypto world
you said that MZX token is a utility token to the platform what is the total supply and second thing is it possible that you will add more token to the total supply if the demand for the research in the platform needed because you will incentivizes the contributor
Your first question of Total Supply Token. Please take note that I got this from their Whitepaper.
Token Sale:
We are issuing 1 billion MZX with the following distribution:
250 million tokens for token sale subscribers
300 million tokens for platform contributors
200 million platform reserve tokens
50 million tokens for partners
200 million tokens for the team
2nd question about MZX supply.
For the Mosaic Network to function properly, the number of tokens in circulation
must be equal to the number necessary to support a thriving research ecosystem.
As we expect the number of participants on the network to grow over time, the
token supply should also increase to match this growth. Therefore, in order to
support our community, Mosaic will implement an inflationary model for the MZX
tokens. Initially, the annual inflation rate is 5%, and will decrease linearly every year
to 1% over 20 years, and afterwards remain at 1% in perpetuity. The smart contract
will create the new tokens at the end of every month. For every new batch of
tokens, 75% will be used to reward contributors to the platform, while 25% will be
used to fund expenses to maintain and expand the network.
