What is MIMO (Governance Token) ?
MIMO is the token associated with the MIMO DAO community.
MIMO governance tokens are distributed to users of the protocol for creating PAR through borrowing and for providing liquidity in AMM pools.
MIMO is a community-run, community-governed protocol. Changes are made through proposals and voted by holders of the governance token (MIMO).
MIMO distribution is managed by the MIMODistributor module, which mints MIMO tokens according to a supply curve that reduces the amount of new MIMO tokens every week.
Liquidity mining rewards are used to incentivize users for creating PAR and supplying PAR and MIMO liquidity.
In the first week, 55.5m MIMO will be issued. Then, the amounts issued in subsequent weeks are calculated as:
We have produced a general overview of the supply over time by incorporating the weekly reduction of the inflation as well as the supply generated by the TenX and PAY token holder claim that started the 9 April 2021 and ended the 1st April 2022.