MSK Governance Token
What is MSK?
MSK will be used to vote on MaskDAO initiatives and treasury management. The governance token can be earned through the initial airdrop to Hashmask holders, and liquidity mining program. Contributors to MaskDAO can also apply for compensation.
Future MSK uses could involve:
- Access to NFT sales
- Staking MSK to earn a share of from revenue generated by MaskDAO products
The airdrop snapshot will be taken 7 days from last Hashmask sale (2/8/20) - Unofficial MSK will be airdropped using a quadratic reward formula to benefit all HM holders, not just the large holders.
In an effort to include the ecosystem outside of Hashmasks, the community voted to add the following holders to an airdrop allocation. All eligible addresses will recieve the same MSK total. - CryptoPunks - CryptoKittens (Gen 0) - Origin Axies - Decentraland Land Owners - $SOCKS
In order to incentivize participation in MaskDAO and testing of NFT ecosystem products, there will be a mining program that yields LP depositors MSK tokens. Initial Pools Include:
- NCT-ETH LP
- MASK-ETH LP
- PUNK-ETH LP
- NFTX-ETH LP
- AXS-ETH LP
- MANA-ETH LP
The program will rotate through different NFT ecosystem tokens through it's lifespan to put spotlight and engagement for a variety of projects.
In an effort to encourage and reward long term MSK holders, there will be a siimilar program to Synthetix implemented which yields more MSK and future fee's generated by MaskDAO products. The goal is to begin the MSK Staking program 1 month after the airdrops and liquidity mining programs begin to allow time for supply to be distributed.