MPOW Token Model — Overview
Purpose
This document provides a high-level specification of the MPOW token model, focusing on issuance, distribution, and supply control mechanisms.
Definitions
- MPOW: ERC-20 compatible token used as the unit of value in the Maker Empower ecosystem.
- Off-chain Reward Units: Internal accounting units representing user and Maker entitlement to future MPOW.
- On-chain Minting Event: Transaction that creates new MPOW tokens on the underlying blockchain.
- Liquidity Pool: On-chain pool pairing MPOW with a base asset (e.g. ETH or stablecoin) for market trading.
Overview
The MPOW design ties token issuance strictly to real economic activity. Users and Makers accumulate Reward Units off-chain. New MPOW tokens enter circulation only when claim events occur and are backed by advertiser-funded value that contributes to liquidity and protocol sustainability.