MIP - Strategic Release of 15M Reserved MTRG Tokens for Network Growth

TLDR:

The proposal aims to allocate the 15 million MTRG tokens, currently reserved for future projects, for ecosystem growth in a phased manner.

Key focus areas of Ecosystem Growth

The 3 key focus areas of growth that will utilize the MTRG are;

1. User Growth (On-chain and Off-chain)
2. Activity Growth (On-chain and Off-chain)
3. Trading Volume Growth

MTRG released through this proposal will only be utilized for programs which align with these focus areas.

Proposal Overview

The reserved 15M MTRG tokens represent a significant resource that, if utilized wisely, can catalyze substantial growth and development within our ecosystem. The proposed allocation of these tokens is as follows in alignment with the key drivers:

1. Airdrops and User Incentives

A portion of the tokens will be allocated for airdrops to existing and new users. This will not only reward our loyal community members but also attract new users to the platform. Additional incentives may include gas rebates and other user engagement mechanisms.

2. Incentives for DApp Developers

By offering performance based incentives that cater to native token liquidity buildup, marketing incentives and developer incentives, we aim to incentivize developers to build decentralized applications on our network and ensure success. This initiative will not only expand our DApp ecosystem but also foster innovation and usage on our platform.

3. Marketing and Promotional Activities

Effective marketing strategies are essential for growth and adoption. Tokens will be set aside for promotional activities, partnerships, and other marketing initiatives to increase MTRG demand and visibility in the market.

4. Centralized Exchange Listings

Listing on a centralized exchange remains a highly effective strategy for boosting user growth and trading volume, thanks to their extensive user base. We suggest allocating a portion of our budget for listings on centralized exchanges.

5. Community and User Base Expansion

Allocating tokens for community-building activities and expanding our user base is crucial. This includes community competitions, hackathons and collaboration with influencers to reach a wider audience. An expansion of community also includes network contributors, educators, event organizers and alike.

6. Repayment of PASS Token Liabilities

We propose to use MTRG tokens to address a portion of outstanding liabilities related to PASS tokens.

Objectives

The key objectives behind the release of the reserved tokens are as follows:

1. Increase MTRG demand and market presence
2. Stimulate network activity and user engagement
3. Attract and support developers to enhance our DApp ecosystem
4. Expand our community and user base

Specific Release Schedule

Specific governance proposals will be created to individually release MTRG to each proposed allocations. The MTRG from the reserve will come into circulation only once respective governance proposals are ratified.