🔴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
Retroactive rewards
Staking incentive rewards
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:
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.
Contract Auditing (10%) → Ongoing auditing for the Token Streaming and Multisig protocols is budgeted at 10% of the token sale proceeds.
Growth/Marketing (10%) → There’s a heavy education and content component on the approach we need to take to grab the market’s attention.
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.
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
Go to Portal Bridge (https://www.portalbridge.com)
Select Source and Destination chains
Select MEAN in the token drop-down
Approve transaction for Source Chain (i.e., Solana) with Source Wallet (i.e., Phantom)
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?
Buy it using USD/EUR directly on MeanFi using the deposit function.
Buy it or trade it at an exchange:
On Gate.io: https://www.gate.io/trade/MEAN_USDT
Exchange it with other people (P2P) directly.
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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