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MiniPanther

MiniPanther MPPrice N/A

MP Price

N/A

General Info

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# Inactive

Description

MiniPanther DAO is a special purpose DAO (SPDAO) on the Fantom Network

MiniPanther (MP) Chart

MiniPanther price Index provides the latest MP price in US Dollars , BTC and ETH using an average from the world's leading crypto exchanges.

Additional Data

ATH Market Cap

$ 1.59M

Total Supply

MP 100,000

All Time High

$ 31.70

18 Feb 2022


All Time Low

$ 0.0885

2 Feb 2023

Trending MiniPanther Fiat Pairs

What is MiniPanther (MP)?

MiniPanther DAO, a Special Purpose DAO (SPDAO) on the Fantom Network! MiniPanther brings the concept of fast-and-furious 14-day "layers" to the DAO world. After operating under the standard DAO mechanics of staking and bonding for 14 days, 80% of all non-LP treasury funds will be used for buybacks on day 15. MiniPanther is a DAO with emissions that last only 14 days, and it ends with a MASSIVE series of buybacks totaling 80% of the treasury:

  • Staking rewards are given on days 1-14
  • Bonding/minting is available on days 1-11, building the treasury (3-day vesting)
  • Regular treasury withdrawal is disabled; admins have no access to treasury funds
  • After 14 days, no more new MP tokens can be added to the supply. The amounts in all treasury bonds besides MP-DAI are calculated, and buybacks are performed by a special admin function
  • 80% must be used for MP buybacks on the untouched MP-DAI LP within day 15
  • 20% is sent to the contract operators
  • If any buyback funds remain unspent after day 15, a publicly callable function can conduct all remaining buybacks
  • After all buybacks are complete, MP becomes the meme token of the Fantom ecosystem
  • Stakers will still receive rewards via proportional redistribution of the 8% Selling Tax
  • If the protocol retains sufficient TVL, the team will pursue a Fantom infrastructural grant

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