We are excited to officially announce the official tokenomics for $MATE - the native token for Clima8e
Token Symbol: $MATE
Total Max Supply: 100M
Initial Circulating Supply: 8.75M $MATE
Initial Market Cap: ~$850K USD
$MATE — Clima8e native token
The $MATE native token is key to get priority-access to token sales pools hosted on the Clima8e platform.
It also has two interesting token mechanisms:
1.Earn interests just by holding — There is a re-distribution fee of 2% on each transaction that gets re-distributed proportionally between all holders of $MATE. This incentives holding. The fee is adjustable (0–5%)
Deflationary — 2% (2M) of the total supply goes to the burn address on listing. This address accumulates more tokens on each transaction because of the re-distribution fee, thereby effectively removing them from circulation. This will increase the scarcity and value of each $MATE over time.
$MATE will play a Community Governance role too in the future — more about this in our Roadmap coming soon.