Lumoz announces MOZ token economics, 66% allocated to the community, ecosystem, nodes and miners

On December 5, the modular computing layer & RaaS platform Lumoz announced the economics of MOZ tokens. The total supply of MOZ tokens is 10 billion, with 66% allocated to the community, ecosystem, nodes and miners. The initial circulation is about 11%.

The specific distribution of tokens is as follows: zkProver network gets 25%, zkVerifier nodes get another 25%, early contributors receive16%, early investors collectively get18%, ecosystem receives10% and community gets6%. MOZ tokens will gradually unlock over the next ten years when all MOZ will be fully circulated and no more issued.

Lumoz has a dual token economic model that includes functional token MOZ and equity token esMOZ. Main applications for MOZ include transaction gas fees, resource usage fees etc; while esMOZ can be used for participation in incentives, delegation to zkVerifier nodes or conversion into functional tokens etc. Both have an exchange ratio of 1:1. When esMOZ is converted into MOZ there's a certain unlocking period but users can convert using Lumoz OG NFT without any unlocking period.

In November Lumoz completed an airdrop worth $30 million in esMOZ tokens which will officially open after mainnet launch. In the first half of this year Lumoz completed Pre-A round and strategic financing with cumulative funding amounting to $14 million dollars.