Through MPT, MPAX will gradually evolve into a community-owned Decentralized Organization.
As MTP gets distributed to Paxers and Beholders, MPAX team's ownership concentration will become lower over time.
The MPAX team will be able to vote with locked reward allocations. This will prevent hostile third parties from disrupting the ecosystem during the earliest and most crucial stages of development. We estimate that MPAX will no longer have the majority vote by December 2025.
No voting possible
MTP holders can stake their tokens via the staking dashboard and participate in governance voting brought forward by the MPAX team.
These votes will determine which teams should receive funding from the ecosystem fund and how the Community Treasury should be distributed.
More on-chain votes on smaller issues.
The way votes are counted may be changed from "1 token = 1 vote" to quadratic voting.
MTP holders determine which governance framework should be used and what issues require voting. Some decisions will not be up for debate, such as token supply that is locked in smart contracts.
Potential issues that may require voting:
Should MPAX Limited continue to pay the MPAX team to develop MPAX?
How should the Community Treasury be used to reward MTP holders and the broader MPAX community?
Should the Community Treasury funds be attached to any yield farming/staking services?