The MoneySpritis protocol has no VCs, instead it features a much lower minimum loan size and revenue earning token sharing platform fees between token holders and liquidity providers. The protocol will always be immutable, permissionless and not owned or controlled by anybody.
As MoneySpirits has no governance or ownership, there is also no protocol treasury. Instead, 100% of the revenue generated through borrowing is distributed directly to users who stake MoneySpirits’ reward tokens. All users receive MoneySpirits’ reward tokens to incentivize protocol usage.
MoneySpirits will launch supporting the native token of Fantom FTM and provide an ability to borrow a stable coin against it.
Total supply: 100,000,000
- Distribution across the liquidity providers, users, community, team and various supporters