MobiFi.World treasury consists of two parts:
$MSBT Token is controlled by Minter Roles, who are granted by the Owner Role of the contract. Owner also setBudget for the minters. Owner doesn’t have control of the minting process, thus we separate the power and prevent the MSBT token being rugged by one person or a small group of people. ➡️
There is only one owner role, but there can be multiple Minter role, Burner role, pauser role and Snapshot role.
We don’t have multiple Owner role, because Owner can also remove other people’s owner role, which is risky.
*Owner role will be controlled by @Yudi Xu but replaced by a multi-sig wallet when the community gets bigger.
*Minter role will be assigned to the most active and original teams of the DAO, and will be replaced to multi-sig wallet after that.
Total #MSBT Supply: 1,000,000,000
| Yearly $MSBT Budget | 50,000,000 |
|---|---|
| Quarterly $MSBT Budget | 12,500,000 |
| Monthly $MSBT Budget | 416,666 |
MobiFi Foundation will be investing and supporting the project during its bootstrap phase. Hence, there will be a multi-sig wallet to manage the fund (Stable coin, etc) for daily operations. The current budget for daily operation per month:
| Total monthly budget | $5000 USDT/USDC |
|---|
The MobiFi invested budget will be stored in a multi-sig Safe wallet for project usage. A 3 out of 5 Signatures are required for making transactions of this wallet. Signer are elected from the active Navigators inside the community.
The raised fund will be put into multiple multi-sig wallets based on detailed decisions on VA (voyage assembly) consensus meeting.