How much is the Lumoz(MOZ) currency issued?

Lumoz (MOZ) is a decentralized digital currency issued on its own blockchain, with a capped total supply of 100,000,000 MOZ and a fair launch distribution mechanism.

Dec 14, 2024 at 12:43 am

Lumoz (MOZ): Currency Issuance and Decentralized Tokenomics

Currency Issuance:

The Lumoz (MOZ) currency is a decentralized digital asset issued on the Lumoz blockchain. Its issuance is governed by a series of predefined rules and mechanisms.

• Total Supply: The total supply of MOZ is capped at 100,000,000 tokens. This limit ensures scarcity and prevents excessive inflation.
• Genesis Block: The genesis block of the Lumoz blockchain contained a pre-mined supply of 100,000 MOZ. This initial distribution provided an initial liquidity pool for trading and adoption.
• Block Reward: New MOZ tokens are created as block rewards for miners who successfully add blocks to the blockchain. The block reward is currently set at 100 MOZ and is halved approximately every 4 years.

Decentralized Tokenomics:

Lumoz (MOZ) is designed as a decentralized token with an emphasis on community governance and utility. Its tokenomics promote coin distribution, engagement, and value accrual.

Token Distribution:

• Fair Launch: MOZ was not subject to any pre-sale or private offerings. The genesis block distribution ensured an equal opportunity for all participants to acquire tokens.
• Mining: Most MOZ tokens are distributed through mining, ensuring a decentralized and meritocratic distribution mechanism.
• Community Fund: A portion of the MOZ supply is reserved for the Lumoz community fund. This fund supports development, governance initiatives, and community outreach programs.

Token Utility:

• Transaction Fees: MOZ is the primary currency used for paying transaction fees on the Lumoz blockchain. These fees secure the network and incentivize miners to maintain the consensus.
• Governance: MOZ holders have voting rights to participate in the governance of the Lumoz blockchain. They can propose, discuss, and vote on protocol changes, development roadmap, and community fund allocation.
• Staking: MOZ tokens can be staked to earn rewards and support the network's security. Staking involves locking tokens for a specified period, contributing to the overall stability and decentralization of the blockchain.

Community Governance:

Lumoz embraces a community-driven governance model where MOZ holders have a direct say in the platform's evolution. The governance process involves the following steps:

• Proposal Submission: Community members can submit proposals outlining changes, improvements, or new initiatives for the Lumoz ecosystem.
• Voting Period: Submitted proposals enter a voting period where MOZ holders cast their votes in support of the proposed changes.
• Implementation: Proposals that receive a majority of votes are implemented into the Lumoz blockchain, reflecting the collective will of the community.