MAT Premint and Staking Pools Deployment
MAT Token Generation Event: At the Token Generation Event (TGE), a total of 40 million MAT tokens will be minted, setting the maximum market cap.
21 million MAT: This amount will be prestaked to initiate 21 Staking Pool, with 1 million MAT per pool.
19 million MAT: The remaining amount will be placed to the service address.
Staking Pools as Validator Nodes:
Function: The Staking Pools will function as Validator Nodes within the Matchain ecosystem. Their primary purpose is to generate new MAT tokens.
Implementation: The Staking Pools are deployed as smart contracts on the blockchain, which simplifies the process and eliminates the need for hardware management, ensuring the pools' decentralization and autonomy.
Staking Pools Specification:
Staking Requirement: To earn rewards, each Staking Pool must have at least 1 million MAT staked.
Stake Control Mechanism: The release of the Staking Pool's 1 million MAT initiation stake is governed by the Staking Pools Control Mechanism.
NFT-represented Ownership: Ownership of a Staking Pool is represented as an NFT and can be transferred to other users via a blockchain transaction.
Creating New Pools:
Staking Requirement: Users can create new pools as long as they meet the staking requirement of at least 1 million MAT.
Rewards Distribution: The number of Staking Pools participating in rewards distribution is fixed at 21, and their selection is based on Total Value Locked (TVL).
Rewards Eligibility and Pool Participation:
Pool Withdrawn from Rewards: If the total staked amount (self-stake + delegations) of a Staking Pool falls below 1 million MAT, that pool will stop earning rewards.
Token Minting Pause: If every Staking Pool falls below the 1 million MAT threshold, token minting will pause across the network. In other words, token minting is live as long as at least 1 Staking Pool meets the staking requirement.
Delegated Staking/Unstaking:
Delegated Staking: External users can delegate the staking of their MAT tokens to any Staking Pool of their choosing.
Staking Pool Fees: Staking Pool owners can set and charge fees for delegated staking operations (max. 20%).
Unstaking Period: External users can unstake their delegated tokens at any time, but there’s an unbonding period of 7 days (1,209,600 blocks) before the unstaked tokens are fully available to them.
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