Proposal: 62,000 MONO distribution for selected protocol users

Introduction:

The MonoSwap team proposes a distribution of 62,000 MONO among users and community members with the MonoXP-based method. This distribution aims to decentralize MonoSwap, involve on-chain activities, and incentivize genuine users. A total of 6.2% of the supply is dedicated to the grant, enabling eligible users to possess MONO tokens and govern the protocol.

Details:

6.2% of the total MONO supply (62,000) is allocated for the airdrop and is distributed as follows:

• 30% | 18,600 MONO to all addresses on the Farm leaderboard
• 25% | 15,500 MONO to all addresses on the Swap leaderboard
• 15% | 9,300 MONO to all addresses on the MUSD leaderboard
• 10% | 6,200 MONO to all addresses on the Referral leaderboard
• 20% | 12,400 MONO to all MonoPass holders on Blast Mainnet

Methodology: MONO tokens are distributed based on the MonoXP balance on each leaderboard. Some leaderboards will have higher multipliers, meaning that addresses on specific boards will receive more MONO than addresses on the others. A snapshot of users' MonoXP balance will be taken by the end of Epoch 12. Another snapshot of MonoPass holders will be taken after the end of Public Mint.

Distribution: Eligible addresses can claim MONO on the TGE day. The claim site will be available to the public in the following days. The distribution offers 62,000 MONO, with 20% in MONO and 80% in xMONO.

Participation:

All MonoPass holders are encouraged to actively participate in this pivotal decision, ensuring collaborative efforts reflect the community's vision and ambition.

Voting Options:

• For: Approve the MONO distribution
• Against: Decline the proposal
• Abstain: Abstain from voting

Conclusion:

This proposal represents a strategic initiative to empower MonoSwap, decentralize the protocol, and unlock new dimensions of growth and governance.