Token - $MTHX

$MTHX is the utility and governance token of Methexis. It secures validators through staking and slashing, rewards contributions of compute and datasets, and powers on-chain governance.

Quick facts

  • Ticker: $MTHX

  • Network: Ethereum (ERC-20)

  • Max supply (capped): 1,000,000,000 (1B)

  • Genesis circulation: ~40% (treasury & vested allocations locked per schedules)

  • Primary utilities: Staking, rewards, governance, fees

  • Economic design: Capped supply + decaying emissions from a rewards pool

Utility

  • Staking & Security — Validators post $MTHX as collateral to operate. Misbehavior can be slashed.

  • Rewards — Contributors (compute & data) and validation committees are paid in $MTHX each round.

  • Governance — Token-weighted proposals/votes set parameters (rewards split, stake thresholds, slashing %, treasury spend).

  • Fees — Certain actions (e.g., priority data review, inference credits when live) may be priced in $MTHX; fees can be burned or routed to treasury per policy.

Supply & Allocation (Proposed v2)

Bucket
% of Max Supply
Amount (M)
Unlock / Vesting

Community Rewards (emissions)

60%

600

Decaying emissions (see below)

Team & Core Contributors

15%

150

12-month cliff, linear over 36 months

Investors / Strategic Partners

10%

100

6-month cliff, linear over 30 months

Ecosystem & Treasury

10%

100

Linear unlock over 48 months; DAO-controlled

Liquidity & Market Making

3%

30

At TGE for DEX/CEX liquidity (subject to lockups where required)

Community Airdrops / Public Programs

2%

20

Programmatic unlocks per DAO

Totals: 100% = 1,000M

Rationale: Rewards-heavy design (60%) prioritizes long-term network growth. Team/Investor combined ≤25% with multi-year vesting to align incentives. Treasury funds audits, storage pinning, grants.

Emissions (Rewards Pool)

Emissions are released from the 600M rewards pool with a 24-month half-life (configurable via governance).

Formula (monthly):

where E0E_0E0​ is the initial monthly emission.

Illustrative schedule (rounded):

Year
Emissions (M MTHX)

Y1

120

Y2

60

Y3

30

Y4

15

Y5

7.5

Y6+

tails until the 600M pool is exhausted

Governance may tune E0 and the half-life while keeping the 600M cap intact. Any change requires DAO vote and timelock.

Reward Distribution per Training Round

Emissions allocated to a round are distributed on-chain as:

Recipient
Share (Target)
Notes

Training Validators (compute)

58%

Proportional to verified participation & agreement

Data Providers

35%

Weighted by accepted dataset contribution

Validation Committees

7%

For data-quality screening & attestations

Optionally, a protocol maintenance cut (e.g., 2%) can be skimmed before the split to fund pinning, audits, and public infra—governed and transparent.

Staking & Slashing (Parameters)

  • Minimum validator stake (illustrative): 100,000 $MTHX (governed)

  • Unbonding period: 14–28 days (final value by DAO)

  • Slashing reasons: double-signing/bad compute, chronic downtime, malicious data behavior

  • Slashing range: 0.5%–100% depending on severity (policy encoded, DAO-tunable)

  • Jail period: temporary exclusion after slashing; requires re-qualification

Vesting Schedules (Detail)

Team & Core (150M)

  • 12-month cliff; then linear 36 months

  • Subject to contributor agreements and clawback for misconduct

Investors / Strategic (100M)

  • 6-month cliff; then linear 30 months

  • Optional performance-based unlocks (e.g., market-making or infra SLAs)

Treasury (100M)

  • Linear 48 months; disbursements via DAO votes (multisig → DAO timelock)

Community Programs (20M)

  • Tranches for hackathons, testnet incentives, user airdrops; each tranche published with criteria before distribution

Addresses & Repos

  • Token (ERC-20): TBA (published at TGE)

  • Staking / Rewards contracts: TBA

  • Governance (DAO) contracts: TBA

  • GitHub: TBA

Contract addresses are posted after audits and mainnet deployment. Always verify via the official site and GitHub releases.

Economic Safety Notes

  • Cap invariants: Max supply hard-capped at 1B; emissions drawdown cannot exceed 600M in total.

  • Treasury discipline: Quarterly transparency: inflows, outflows, remaining runway.

  • No promises: $MTHX is a utility/governance token—not an investment contract or guarantee of profit.

  • Risk factors: smart-contract risk, market volatility, validator concentration, storage/provider dependencies.

FAQ

Q: Why a decaying emission? A: It bootstraps early contributors while reducing inflation pressure over time—standard in secure, long-lived networks.

Q: Can the DAO change emissions? A: Yes—within the hard cap and with timelocked governance. Parameter changes must be transparent and simulated before enactment.

Q: What happens to slashed tokens? A: Policy options: burn, partial redistribution to honest actors, or treasury—encoded and adjustable by governance.

Q: Will there be an airdrop? A: The Community Programs bucket (2%) funds fair-launch style distributions. Criteria are published before each tranche.

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