Bbungkim

Introducing Moby's Staking and Governance Tiers Moby is a protocol designed to make ICOs great again. By enabling LBPs, bonding curves, customized launches, and fixed caps, Moby allows projects to execute all types of ICO structures that fit their needs. Moby’s mission is to bring radical transparency to all participants and stakeholders in the protocol. That said, Moby will be the first ICO platform to share the fees and incentives that recur from the launches to Moby’s stakeholders. In this tweet, we explain how staking works in Moby and how the governance process runs with meaningful stakeholders who are also prioritized for the incentives from Moby. Stake to become a part of a tier Moby’s governance system has six tiers: Mobie, Citizen, Mayor, Senator, Governor, and President. By staking the following amounts, you can be a part of these tiers: At the price of $2,300 per ETH, and $MOBY at $25m FDV (Early Access Valuation) Mobie: 1 ETH worth of $MOBY (9200 $MOBY at $25m FDV) Citizen: 2 ETH worth of $MOBY (18,400 $MOBY at $25m FDV) Mayor: 4 ETH worth of $MOBY (36,800 $MOBY at $25m FDV) Senator: 8 ETH worth of $MOBY (73,600 $MOBY at $25m FDV) Governor: 12 ETH worth of $MOBY (110,400 $MOBY at $25m FDV) President: 30 ETH worth of $MOBY (276,000 $MOBY at $25m FDV) Every tier brings different benefits and responsibilities to the stakeholders. Benefits and responsibilities of every tier It is extremely important for Moby to have various stakeholders in the protocol to be a part of the due diligence process and voting process to ensure that we have a diverse and well-balanced set of voices that represent the Moby community. One major benefit of allocating the majority of tokens (59% in the case of $MOBY) to the public is that there is no way for Moby to manipulate the voting system. Moby cannot privately collect the interest of stakeholders to gain an edge over Moby’s governance process. We rely on the democratic process of voting to ensure that every major decision is made in a transparent way. Below is a brief summarization of the tiers and the respective benefits and responsibilities: Mobie: - Minimal points to gain allocation into Moby’s launches. - Lowest weightage in governance votes, equivalent to 10 Mobies’ votes. - Minimal yield to Moby’s launch fees. Citizen: - Low points to gain allocation into Moby’s launches. - Low weightage in governance votes, equivalent to 10 Mobies’ votes. - Low yield to Moby’s launch fees. Mayor: - Significant points to gain allocation into Moby’s launches. - Mediocre weightage in governance votes, equivalent to 10 Citizens votes. - Mediocre yield to Moby’s launch fees. Senator: - Guaranteed allocation into Moby’s launches; - High weightage in governance votes, equivalent to 30 Mayors’ votes. - High points weightage on airdrops of Moby’s launches’ tokens. - High yield to Moby’s launch fees. Governor: - High guaranteed allocation into Moby’s launches. - High weightage in governance votes, equivalent to 10 Senators’ votes. - Higher points weightage on airdrops of Moby’s launches’ tokens. - Higher yield to Moby’s launch fees. President: - Highest guaranteed allocation into Moby’s launches. - High weightage in governance votes, equivalent to 10 Presidents’ votes. - Highest points weightage on airdrops of Moby’s launches’ tokens. - Highest yield to Moby’s launch fees. Camp system is coming soon! All the tiers above fit into Moby’s Camp system, which is coming soon. A blog post is coming after Early Access to explain the Camp governance system.