Token Launch

Launch Date: TBD

Mozaic Protocol Launch Details

The launch is separated into 2 different phases:
  • Launch Auction - Bootstrapping a MOZ-USDC pool on Ethereum
  • Bonding - Building protocol owned liquidity with Mozaic

Phase 1: Launch Auction

Swap USDC for MOZ to create MOZ-USDC DEX liquidity
How it works:
  • The launch auction will remain open for 72 hours or until 7.5M USDC is added to the launch auction contract, whichever occurs first.
  • 7.5% of the MOZ token supply will be auctioned and locked for 1-year and unlocked linearly over 6 months after that.
  • This liquidity plus an additional 2.5% of the MOZ supply (see bonding) will bootstrap the MOZ-USDC Uniswap V3 pair and will be protocol owned.
  • Because their MOZ is locked, contributors will receive aMOZ, which represents their own share of the 7.5% MOZ token. Here's how contributors can calculate their percentage of the auction:
    • (Contributor aMOZ balance / Total aMOZ balance) * 150M MOZ = contributor MOZ balance
  • While their MOZ is locked, contributors will also receive veMOZ (voting escrow MOZ).
  • Once the launch auction closes: The MOZ-USDC Uniswap v3 pair will go live. The bonding phase will begin.

Phase 2: Bonding

Add stablecoin to Mozaic bonding curves and receive MOZ tokens while building Mozaic's protocol owned liquidity.
How it works:
  • 2.5% of the MOZ token supply will go towards the bonding curves dedicated to protocol owned liquidity
    • 50,000,000 MOZ to a pool on Ethereum
  • The initial bonding price will be the opening MOZ price on the MOZ-USDC Uniswap v3 pool.
  • The bonding price will increase linearly as contributors purchase MOZ tokens.
  • Wallets will need to be whitelisted prior to participate. Unlike the Auction, contributors will receive their MOZ tokens immediately.
  • Bonding curves will stay open for 7 days or until MOZ reaches 3x the opening bonding price, whichever occurs first.