Will there be unlimited issuance of Lumoz (MOZ) coins?

With a fixed supply of 1 billion MOZ tokens, there will be no uncontrolled inflation impacting the token's market value.

Dec 13, 2024 at 07:58 pm

Will There Be Unlimited Issuance of Lumoz (MOZ) Coins?

Lumoz (MOZ) is a BEP-20 token that powers the Lumoz Network, a decentralized platform for the creation and distribution of digital assets. The MOZ token is used to pay for transactions on the Lumoz Network, to stake for rewards, and to participate in governance.

The total supply of MOZ tokens is 1,000,000,000,000. Of this total, 50% was sold to private investors during the seed round, and 20% was sold during the public sale. The remaining 30% is held by the Lumoz Foundation, which will use the tokens to fund the development of the Lumoz Network.

There will be no unlimited issuance of MOZ tokens. The total supply of tokens is fixed, and no new tokens will be created after the initial distribution. This means that the value of the MOZ token will be determined by market forces, and that it is not subject to inflation.

Key Features of Lumoz (MOZ)

• Fixed supply: The total supply of MOZ tokens is fixed at 1,000,000,000,000. No new tokens will be created, which means that the value of the token will not be subject to inflation.
• Utility: The MOZ token is used to pay for transactions on the Lumoz Network, to stake for rewards, and to participate in governance.
• Transparency: The Lumoz Network is a public blockchain, which means that all transactions are recorded on the blockchain and can be viewed by anyone.
• Security: The Lumoz Network is secured by a network of validators who verify transactions and keep the network running.
• Decentralization: The Lumoz Network is decentralized, which means that it is not controlled by any single entity.

Benefits of Using Lumoz (MOZ)

• Low transaction fees: The Lumoz Network uses a Proof-of-Stake consensus mechanism, which means that transaction fees are low.
• Fast transaction speeds: Transactions on the Lumoz Network are confirmed in seconds.
• Security: The Lumoz Network is secured by a network of validators who verify transactions and keep the network running.
• Transparency: All transactions on the Lumoz Network are recorded on the blockchain and can be viewed by anyone.
• Decentralization: The Lumoz Network is decentralized, which means that it is not controlled by any single entity.

Conclusion

Lumoz (MOZ) is a BEP-20 token that powers the Lumoz Network, a decentralized platform for the creation and distribution of digital assets. The MOZ token has a fixed supply of 1,000,000,000,000 tokens, and it is used to pay for transactions on the Lumoz Network, to stake for rewards, and to participate in governance. The Lumoz Network is a public blockchain, which means that all transactions are recorded on the blockchain and can be viewed by anyone. It is secured by a network of validators who verify transactions and keep the network running. The Lumoz Network is decentralized, which means that it is not controlled by any single entity.