Marathon Community Update #2
Hello Marathon friends,
Last week has been an important one for the Marathon team since it marked the birth of our project, now this week is setting up to be just as interesting. After listing MTON on Uniswap the next few days were less of a sprint and more of a marathon. In this time we have been working on designing what will eventually become a NFT project where MTON holders will have an important role and a lot of perks to go along with it.
Some of the highlights related to the NFT project are:
- We have finalized a first draft of the Lite paper for the NFT ecosystem
- We are very close to securing a new team member in the person of an experienced CTO that will coordinate the technical efforts for implementing the NFT contract
Some clarifications are in store as to what is the connection between MTON an ERC-20 token and NFT project that we are talking about.
First of all, a quick recap of what MTON which is a deflationary ERC-20 token that burns a fixed percent out of each transaction and also rewards top holders at regular intervals with the same percent as the one being burnt.
Burning the tokens happens at decreasing rate from 5% to 1% until there will only be 42 tokens left.
Now the connection with the NFT project which will have its own SC and token is that MTON holders will get periodic rewards for simply being holders. But also as the community matures there is a plan to make MTON a governance token and to share some of the revenue that may result from the success of the project.
That is it for the time being,