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🔴Gov Token (MEAN)

Tokenomics for $MEAN

What is the $MEAN token?

MEAN is the governance token of the MeanDAO. It allows those who hold it to vote on changes in the Community Treasury and the MeanDAO protocols.

The token is deployed on the Solana Blockchain as an SPL Token. The ongoing audits for the SPL Token smart contract and related on-chain programs can be found HERE.

Additional details about the deployed token parameters are below:

  • Symbol: $MEAN

  • Type: Solana SPL Token

  • Total Supply: 210,000,000

  • TGE: Dec 24th, 2021

  • Purpose: Governance

  • On-Chain: View on Solscan

Token Stats

These are the on-chain stats for $MEAN as of Q4-2023:

  • Token Holders: 13,092

  • Current Supply 209,999,527.64 (the rest have been burned)

  • Market Cap $6,960,820.74

  • The top 10 holders collectively own 125,517,241.83 Tokens (59.77%)

  • For the most up-to-date info, see $MEAN on SOLSCAN

Known-Addresses amongst top-10 holders

Address
$MEAN Balance
Description

E4zKMnJC6E7p7izgynpKXubJiXeDNvohjVunbTgxN6jh

29.0M (~13.8%)

Official DAO Treasury

6RiJ9gbjrBXt3ieBD7UBWaa4gpLNL8S427DEZ5Y8MMGF

23.4M (~11.2%)

Unknown Address

4CUSb4s7T9VTfv6Ti9EFEqiiZJbV3ZpXhNTYiYMveVZW

14.4M (~6.9%)

Unknown Address

GMG74Wi8Mj4KpS6qxUgcofBSNMa8qkqtVgtUc3g5sPpF

13.6M (~6.5%)

Unknown Address

u6PJ8DtQuPFnfmwHbGFULQ4u4EgjDiyYKjVEsynXq2w

9.8M (~4.7%)

Gate.IO Exchange

E4zKMnJC6E7p7izgynpKXubJiXeDNvohjVunbTgxN6jh

8.0M (~3.8%)

Core Dev Team Treasury

H5qHuW3S497CVp31yQhSYdWBPBp33kUtpCJS6QjfP6B7

7.7M (~3.6%)

Unknown Address

H8DrTeTDfUFT5zXf98DuQeAh5Nu25Eq6cyhW533SvwKk

6.9M (~3.3%)

Unknown Address

6ay1Ub6vcyBnEoug3Tod8f3VpAW52dtVjFRYSzxM8LAH

6.4M (~3.1%)

Unknown Address

51HpTxzERCvW7EPeWffDpdK5EkRD2yMyF4UKc81vMSYY

5.7M (~2.7%)

Community Development Grants

Allocations & Distributions

Community & Rewards (70%)

The lion's share of MEAN tokens will go to the community. We want MeanDAO to be owned and run by the community invested in the mission of the overall ecosystem. Below is the breakdown of how MEAN tokens will be distributed to the community.

→ Community Treasury (40%)

These are MEAN tokens owned by the community. The community can vote on how to use these tokens.

The Community Treasury will have a stepped linear vesting schedule at every Solana block over three years, starting on the Token Generation Event in line with the schedule below:

  • Year 1: 50% of the treasury tokens vested

  • Year 2: 30% of the treasury tokens vested

  • Year 3: 20% of the treasury tokens vested

→ Initial Rewards & Incentivized Programs (30%)

This program will run for two years from TGE and will cover

  1. Retroactive rewards

  2. Staking incentive rewards

  3. Liquidity mining programs

Liquidity mining incentives are deployed directly through the AMMs, where liquidity is provided. These are likely to be moving targets as different collaborations are finalized with the different Solana AMMs. At TGE, our launch AMM partners are Orca and Raydium, with long-term commitments to pools and farming rewards.

Team & Advisors (20%)

Team allocations are set aside for founding team members. They provide direction to the network in its early stages and maintain and upgrade the codebase following governance votes.

Team and advisor allocations have a waiting period of 6 months after TGE, are vested over 48 months linearly, and can be stopped by governance votes if the team does not perform accordingly.

Token Sale (10%)

Use of Funds:

  1. Bootstrapping Liquidity (50%) → Depending on the market, up to 50% is reserved for bootstrapping on-chain liquidity across various pools with no less than $250k/pool.

  2. Contract Auditing (10%) → Ongoing auditing for the Token Streaming and Multisig protocols is budgeted at 10% of the token sale proceeds.

  3. Growth/Marketing (10%) → There’s a heavy education and content component on the approach we need to take to grab the market’s attention.

  4. Development (20%) → We have an extensive roadmap and need additional help with product development resources. We must fund the devs to let them focus on building without stress for 12-18 months.

  5. Partnerships (10%) → Getting listed in CEXes and penning strategic partnerships.

Using MEAN

Here's an overview of some of the things MEAN holders can do with their tokens.

Note that most of these protocols are permissionless, and neither MeanDAO nor its members have control over them. Please exercise caution when interacting with other smart contracts. This is not an endorsement of any of these programs or teams, and it's here to serve for informational purposes only.

Reports & Stats

Token Info
Token Stats

Token Addresses

The MEAN token is a multi-chain token available in four(4) chains. The primary chain is Solana, and the token is bridged through Wormhole to Ethereum, BNB Chain, and Polygon. These are the official token addresses on each of the chain smart contracts:

Blockchain
MEAN token address
Explorer Link

Solana

MEANeD3XDdUmNMsRGjASkSWdC8prLYsoRJ61pPeHctD

Ethereum

0x9b25889C493aE6Df34cEef1ecb10D77c1Ba73318

Polygon

0x4867B60aD7C6aDc98653f661f1AEA31740986bA5

BNB Chain

0x6C9297BE2e3Ce9C10c480A25B7157A43FD992942

How to move (bridge) MEAN from one chain to another

  1. Go to Portal Bridge (https://www.portalbridge.com)

  2. Select Source and Destination chains

  3. Select MEAN in the token drop-down

  4. Approve transaction for Source Chain (i.e., Solana) with Source Wallet (i.e., Phantom)

  5. Approve transaction on Destination Chain (i.e., Polygon) with Destination Wallet (i.e. Metamask)

Token Markets

Central Exchanges
DEXes

FAQs

How can I get MEAN tokens?

What can I do with MEAN?

Trade ir and stake it to earn voting power and take part of governance on the future of the MeanDAO.

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