Tokenomics & Mdrops
Information about the SEND token and Mdrop mechanism.
Last updated
Information about the SEND token and Mdrop mechanism.
Last updated
$SEND has a total supply of 100M. Here's the breakdown:
Community: 65%
Investors: 20%
Team: 15%
SEND tokenomics are designed to put the community first.
Mdrops are a new token distribution model for SEND. Here’s how it works:
When you redeem your SEND allocation, you’ll receive mSEND, which you’ll use to claim SEND.
Claiming SEND early comes with a penalty fee, which is paid in SUI. This reduces volatility and increases demand for SUI.
The mSEND penalty decreases linearly over time: • 3 months for Points & Ecosystem allocations. • 6 months for Team & Investor allocations. • 12 months for SAVE allocations.
On the maturity date (e.g., after 3 months for Points & Ecosystem allocations) you can claim the full SEND tokens without any penalty.
40% of SEND be airdropped with the mdrop mechanism:
20% to points holders and early users.
5% to ecosystem communities (@rootlets_nft, capsules, and more)
15% to SAVE holders (on Solana)
Mdrops allow for a high initial float without overwhelming selling pressure, while aligning long term holders.
Unlocks are as follows:
Mdrops are unlocked on day 1
Investors unlock over 2 years
Team unlocks over 4 years
The unlock schedule was designed to promote long term commitment and avoid high inflation.
