The initial token will be launched as an ERC-20 on the Ethereum blockchain, due to the chain being the centre of most capital on any smart-contract enabled chain with also proven security of user’s capital. There are plans to expand to other L1 & L2 chains for increase exposure to capital & reduced fees; or to coincide with the integration of products that will benefit from such a move.
The $MRTR token can be vaulted using the ERC-4626 standard, giving the holder $xMRTR. Staked rewards will be released with each quarterly emission of $MRTR, giving stakers a claim to a proportion of 5,625,000 $MRTR. Staking yield will be calculated based on the time the tokens are locked against the proportion in supply locked against the emissions from a quarterly unlock.
There is also a secondary yield also awarded quarterly, coming from the Quarry digital mining network. This will be calculated using how long a user has staked, how long for and that proportion against possibly time & total supply staked. Investors can choose to receive their dividends entirely in $MRTR tokens, to encourage engagement with the ecosystem, or alternatively can claim 90% of their dividends in $USDC. Like with $BRCK, there is an enforced 30 day window to claim rewards, before they are returned to the capital reserves.
Only users who stake $MRTR i.e. hold $xMRTR, will be granted voting power within the DAO. Quadratic voting will be used to limit whale manipulation. Delegated voting will also be allowed, but will still follow the prior assigned quadratic limits.
Users who hold our NFT will receive a multiplier to the credits they are allocated, though this will not violate quadratic rules i.e. it will be like they had staked 1.X more than they had, with the value of X to be finalised upon launch.
$MRTR will be used during any action within our ecosystem. The only confirmed fee at present is a 1% in equivalent $MRTR value, for releasing & redeeming $BRCK. These transaction fees are burnt & will be removed permanently from the supply.
graph TD
style b fill:#ffcc33,stroke:#333,stroke-width:2px
style p fill:#ffedb3,stroke:#333,stroke-width:2px
style s fill:#ffe6a6,stroke:#333,stroke-width:2px
style h fill:#ffdf99,stroke:#333,stroke-width:2px
style z fill:#ffd88c,stroke:#333,stroke-width:2px
style f fill:#ffd180,stroke:#333,stroke-width:2px
style m fill:#ffca73,stroke:#333,stroke-width:2px
style q fill:#ffc367,stroke:#333,stroke-width:2px
style o fill:#ffbc5a,stroke:#333,stroke-width:2px
style t fill:#ffca73,stroke:#333,stroke-width:2px
b[Governance]
p[Staking]
s[Permanent Burn]
h[User]
z[Public Pools]
f[Private Pools]
subgraph l[Ecosystem]
m[BricktopAI]
o[$BRCK]
oo[$CMNT]
end
q[Transaction Fee]
t[Quarry]
p -- Quadratic Representation --> b
f -- Community Airdrops --> h
p -- Yield --> h
q -- 1% Fee Burn --> s
b -- DAO Control --> l
h -- Utility --> l
z -- Acquire --> h
h -- Lockup --> p
l -- Utility Fees --> q
f -- Unspent Allocation Burn --> s
t -- Dividends --> p
linkStyle 0 stroke-width:2px,fill:none,stroke-dasharray: 3, 3
linkStyle 1 stroke-width:2px,fill:none,stroke-dasharray: 3, 3
linkStyle 2 stroke-width:2px,fill:none,stroke-dasharray: 3, 3
linkStyle 3 stroke-width:2px,fill:none,stroke-dasharray: 3, 3
linkStyle 4 stroke-width:2px,fill:none,stroke-dasharray: 3, 3
linkStyle 5 stroke-width:2px,fill:none,stroke-dasharray: 3, 3
linkStyle 6 stroke-width:2px,fill:none,stroke-dasharray: 3, 3
linkStyle 7 stroke-width:2px,fill:none,stroke-dasharray: 3, 3
linkStyle 8 stroke-width:2px,fill:none,stroke-dasharray: 3, 3
linkStyle 9 stroke-width:2px,fill:none,stroke-dasharray: 3, 3
linkStyle 10 stroke-width:2px,fill:none,stroke-dasharray: 3, 3
All allocations outside of the presale are subject to a proportional unlock, being equal per quarter for 80 quarters (20 years).