PANews reported on December 5 that Lumoz, the leading modular computing layer & RaaS platform, announced the MOZ token economics. The total supply of MOZ tokens is 10 billion, 66% of which are allocated to the community, ecology, nodes and miners, and the initial circulation is about 11%. The specific distribution of tokens is as follows: zkProver network 25%, zkVerifier nodes 25%, early contributors 16%, early investors 18%, ecosystem 10%, and community 6%. MOZ tokens will be gradually unlocked in the next 10 years, at which time all MOZ will be fully circulated and no more will be issued.
Lumoz is a dual-token economic model, including the utility token MOZ and the equity token esMOZ. The main application scenarios of MOZ include transaction gas fees, resource usage fees, etc.; esMOZ can be used for participation incentives, entrusting zkVerifier nodes, exchanging utility tokens, etc. The exchange ratio between the two is 1:1. When esMOZ is exchanged for MOZ, there is a certain unlocking period, but users can exchange it by using Lumoz OG NFT without an unlocking period.
Lumoz completed an airdrop of esMOZ tokens worth 30 million USD in November, and the airdrop application will be officially opened after the mainnet is launched. It is reported that Lumoz completed Pre-A round and strategic financing in the first half of this year, with a cumulative financing amount of up to 14 million USD.
