Tokenomics

MOTI's Tokenomics model is designed to foster trust and security within our decentralized social network.

MOTI's Tokenomics model drives demand through essential utilities like storage, identity verification, and endorsements, crucial for dApps and NFT transactions. It employs deflationary measures via token burns and staking, enhancing user privileges making a robust ecosystem where users can confidently interact, transact, and build their reputations. Here’s an overview of how MOTI tokenomics works:

Universal Staking Wallet

• Stake MOTI Tokens: Users (buyers and sellers) are required to stake MOTI tokens into a Universal Staking Wallet. This staking mechanism ensures that all participants have a vested interest in maintaining the integrity of the platform.

• Lock-Up Period: The staked tokens are locked up, creating a financial incentive for honest behavior and deterring malicious activities.

Buyer-Seller Dynamics

• Buyers: Use MOTI tokens to purchase goods and services within the decentralized marketplaces. The staking process ensures that buyers are genuine and committed to fair transactions.

• Sellers: Earn MOTI tokens by selling goods and services. Sellers also stake tokens, ensuring they have a stake in maintaining the platform's integrity.

Marketplace Participation

• Credential Verification: Marketplaces must stake and lock up MOTI tokens to gain access to verify user credentials and issue badges. This ensures that only trustworthy marketplaces can operate within the MOTI ecosystem.

• Transaction Fees: Transaction fees are charged for each transaction and are held in escrow accounts for both buyers and sellers. These fees contribute to the overall security and trust of the platform.

Escrow and Dispute Resolution

• Escrow Accounts: Transaction fees are locked in escrow accounts. If a user causes damage or commits fraud, the penalty is deducted from their escrow account.

• Replenishing Escrow: Users must replenish their escrow accounts to meet the minimum requirements set by the marketplace to regain access. This mechanism ensures accountability and maintains the quality of the marketplace.

Reward Mechanisms

• Earning MOTI Tokens: Users can earn MOTI tokens through various activities such as selling goods, providing services, and contributing to the community. These tokens can then be staked to enhance their reputation and access additional features.

Marketplace Benefits

• Verified Credentials: Marketplaces that stake MOTI tokens can verify user credentials, ensuring that only genuine users participate in transactions.

• Issuing Badges: Marketplaces can issue verifiable credentials and badges based on user activities, contributing to a transparent and trustworthy environment.

• Dispute Resolution: The escrow system ensures that funds are available for resolving disputes, protecting both buyers and sellers.

MOTI’s tokenomics model is fundamental to creating a secure, trustworthy, and vibrant ecosystem. By aligning incentives through staking, escrow, and verifiable credentials, MOTI ensures that all participants have a vested interest in maintaining the platform’s integrity and fostering authentic connections.