Flip Tokens Distribution

With the upcoming Flip TGE (Token Generation Event), Flipmoney gives a step forward to decentralization.

This document explains how Flip tokens will be distributed and why.

On the TGE date, Flipmoney will issue 210 million Flip tokens for protocol governance distributed this way:

• MOC Holders: Money On Chain users who hold and stake MOC tokens are rewarded proportionally. The snapshot was taken on June 4th, 2024. 
• Early Contributors: the people who contributed to the project in previous stages.
• Liquidity Mining Program: Flip tokens reserved for the incentives the community gets for participating by holding BPROmax.
• Staking Program: reserved for the program which rewards participation for Flip stakers.
• Founders and Core Team: These tokens are reserved for those who created the project and those who trusted from the beginning.
• mimLabs Treasury: These funds remain in the control of mimLabs.

The graphic above shows the main goal of the distribution process, no one has the majority of votes to take control of the project, so it’s balanced for consensual decisions. Most tokens (60%) will be distributed among MOC token holders, BPROmax token holders, and Flip stakers through the Liquidity Mining and Staking programs respectively.

Flip token distribution, as happened with MOC tokens, intends to follow Bitcoin’s philosophy, rewarding early adopters and contributors. 

The decision-making process will depend more on the community as time goes by and adoption grows. This way the project has enough time to deliver the white paper’s vision while giving the community an ever-growing role in the decision-making process through proposals and vote/veto power.

Liquidity Mining and Staking programs were designed having in mind bitcoin miner’s rewards that are gradually reduced every 210,000 blocks, an event called halving. Similarly, Flip token reward programs will distribute 3% of the remaining every 30 days daily, delivering a lot of tokens at first and decreasing over time.

With the upcoming Token Generation Event (TGE), Flipmoney is taking an important step towards decentralizing the protocol, giving decision power to every stakeholder in the community.