Tokenomics & Governance
Moonpot has its own token called $POTS, which acts as both a governance token and a revenue-sharing mechanism.
There is a maximum supply of 10,000,000 $POTS to be circulated.
By holding $POTS and staking it in our governance pot ("Ziggy's Pot) you will receive a proportional amount of the platform’s revenue.
These rewards are also in $POTS that come from open-market purchases. This creates buying pressure on the token.
You will also be part of Ziggy’s Pot’s weekly prize draw.
In addition to interest and weekly prizes, $POTS is a fair and equitable way of distributing voting power in the platform.
The more $POTS you have, the more voting power you have.
The reason behind this is simple.
Token holders are concerned with the health and success of Moonpot due to the reward mechanism mentioned above. Users with larger amounts have more of a stake in the platform and its longevity. $POTS contract address: 0xCd3941d4825c08991b98930ef18062f6df2959d4
Moonpot was listed on CoinMarketCap on 13 August 2021 — this was just 10 days after the token first became available for purchase.
For those of you new to all this, CoinMarketCap is a cryptocurrency analytics platform that people use to check crypto prices, charts, and market capitalization. When it comes to cryptocurrency info it has the most traffic in the world with +270 million monthly visitors.
Hopefully at some point in the future, but there is no immediate news on this.
As any Moonpot Cadet knows by now our Mission Control is backed and powered by Beefy Finance. That particular project's token launched in September 2020, and was eventually listed by Binance the next year.
Moonpot only launched in July 2021. So give it some time.
What won’t get Moonpot listed on Binance is 30,000 Cadets posting ‘Wen Binance?’ in our Telegram group. What will help, however, is if we all post about Moonpot on Twitter and tag Binance.
We’ve got to mobilise the Moonpot Army.
Come on, Cadets. Together we can do this! Wen Binance? Well, when we all pull together and make it happen. Get people to sit up and take notice. This is the mission. We trust you choose to accept it.
Ziggy wants to take you to the moon.
But it’s up to each and every one of us to play our part.