🔷
CCGF
  • Introduction
    • CCGF
    • Executive Summary
    • The Vision
    • The Mechanism
  • TOKENOMICS
    • MEGAPI
      • Pre-token
      • Launch
  • Governance
    • Participation
      • Gardens
    • Governance Framework
    • Project Nomination
    • Project Evaluation Criteria
    • Funding Experiment Selection
      • First Experiments
  • Appendices
    • Appendix 1: Glossary & Key Concepts
    • Appendix 2: Risk Factors
    • Appendix 3: HyperStructure Properties
    • MANIFESTO 🧪🚀
    • COVENANT
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  • xMEGAPI
  • Early community sale
  1. TOKENOMICS
  2. MEGAPI

Pre-token

As we start our operations, it’s hard to envision all aspects related to governance and grant allocation mechanics. Still, there was a need to get our feet wet and obtain the empirical data to fully understand the processes we currently only have on paper.

Since we’d rather have an option to have a smart contract custom-tailored to our use case down the line, we decided to launch a generic placeholder test token ($xMEGAPI) first, that we would use for testing out our procedures, instead of $MEGAPI.

Following the token generation event (TGE), $MEGAPI will be airdropped to $xMEGAPI holders in a 1:1 ratio.

xMEGAPI

Contract

Total supply: 3,141,592.653589793 $xMEGAPI

Early community sale

The initial sale took place according to the following schema:

  • 1% of the total supply to 10 early supporters.

  • Flat 50 USDGLO for 3141.592653589793238462 $xMEGAPI (1 kiloPi $xMEGAPI).

  • Contributions were sent to the community multisig on Base:

    • 0xb4fdd35b90c847af5ffa0aa2eafb541806e84f2a

  • Once all 10 places were filled, 1 kiloPi $xMEGAPI have been airdropped to the 10 buyer wallets.

PreviousMEGAPINextLaunch

Last updated 6 days ago