We continue our introduction to Earn Network.
19 May 2023, 10:17
👋 We continue our introduction to Earn Network.
Today we will tell you about the Earn Network project token, which will be available in an allocation on MDAO Maker.
🪙 EARN is the Earn Network ecosystem token that, thanks to the mechanics of the platform, enables the creation of a self-managed open financial market.
Examples of how to use and receive tokens in the Earn Network ecosystem:
1️⃣ Governance. Stakers of the EARN token will be able to gain rewards by various actions on the marketplace, e.g remove the loan offer if it doesn’t follow platform rules, has a bad/incomplete description, approve ratios of collateral, vote on proposals, etc.
2️⃣ Payment in the ecosystem. Pool creators can choose to pay fees in EARN (lower fees if paid in EARN).
3️⃣ Grants & incentives. In order to bring new participants early on to the ecosystem and build the scale, there will be a dedicated pool of funds to increase incentives.
4️⃣ Promo slots bidding. Pool creators will have an option to stake the EARN token in order to increase visibility of their offer on the platform in promoted spots (eg. homepage, top offer in a given category).
5️⃣ Fees distribution. Stakers will gain part of the fees by staking their token in a dedicated pool.
📄 The detailed tokenomics and token allocation can be found here in the project's Whitepaper.
The TGE will tentatively take place in Q4 2023.
The EARN value for the MDAO Maker allocation is $0.0021
The value of the token at the public sale stage is ≈ $0.0152
❗️ We would like to remind you that the Earn Network will start its Hold phase on MDAO Maker on 22.05.2023 at 12:00 (UTC). After that, it will no longer be possible to take part in the project!
👉 Follow this link to get involved.
➖➖➖➖➖➖➖➖➖➖
✅ Website 👉 Telegram-chat
👉 Twitter 👉 YouTube
👉 Medium 👉 Discord
👉 Reddit Ⓜ️ CMC
#partnerships #mdaomaker #earnnetwork