MeconCash Staking

Initial Staking Period

The Initial Staking Period is designed for MeconCash (MCH) holders and thus stakers on Layer 1. This staking pool will be provided initially on L1, however upon MCFinance DEX launch, staked MCH should be migrated for the whole rewards to be claimed. Stakers will go through a 15 days 7 days lock period which after rewards will be distributed evenly over 60 days. These rewards will be accumulated for users to be claimed anytime during or after the staking period subject to the following conditions -

1. Out of the 100% MCFs entitled to a staker, he/she can claim 50% amount upfront

2. Remaining amount can be claimed after-

   a. 1 month(30days) vesting period after the first 50% has been rewarded and 10% distributed monthly

These conditions have been put in place to ensure healthy token appreciation and liquidity instead of buy and dump scenarios, given that MCF reward program is one of the most competitive reward structures, it makes sense as token appreciation as a result can lead to a huge payout for these stakers, rather than providing airdrops just for the sake of it.

Staking Mining	Quantity
Day/ % of Total Supply	500000/0.333%
Hour/ % of Total Supply	20833/0.013875%
Block / % of Total Supply	75.2/0.00005%
Period / Quantity/ % of Total Supply	60 days/30 million/20%

MCF Token Reward Structure