MONO Token

Name: Monoswap Token

Ticker: MONO

Chain: BLAST

Max supply: 1,000,000 MONO

Contract:

MONO is the Monoswap's native token. It can be exchanged with xMONO using our DApp and can be sold and traded like a normal token.

Buying Pressure

• Some of the swap fees will used to buy back and burn MONO token

• Users can buy MONO tokens to swap to xMONO to get benefits from our plugins

Selling Pressure

• Users can sell this token at any time

Deflationary Mechanism

• Buybacks and buy

• Redemption burns: Any conversion of xMONO to MONO that is not vested to the full duration of 6 months will have a burn effect.

Deallocation

• Any deallocation of xMONO from plugins will have a slight burn rate of 0.5%. Different extras may have different deallocation burn rates.