MONEY
MONEY is the central asset of the MoneyFund ecosystem.
Holders use MONEY to participate in the platform’s economy and decision-making.
DOLLAR
DOLLAR is the MoneyFund stablecoin, pegged to the US dollar.
It ensures reliable price stability over time, accrues rewards, and supports the protocol.
Origin
MoneyFund.com was registered in 1996 by Charles Kokesh.
It’s among the 100,000 oldest domains on the internet.
Over 350 million domains exist today, and the number keeps growing.
Kokesh was later charged by the SEC for misappropriating $34.9 million.
He ran four venture capital firms: First Capital Growth Fund, Inc., Technology Funding, Inc., MoneyFund Inc., and Technology Funding Partners IV, LP.
These companies aimed to fund tech startups unable to secure traditional financing.
From 1995 to 2009, Kokesh diverted funds to fuel a lavish lifestyle.
He concealed the fraud with falsified financial statements and SEC filings.
He was found guilty and ordered to pay $55 million total: $35 million in disgorgement, $18 million in prejudgment interest, and $2.5 million in penalties.
Mark Cuban supported Kokesh’s Supreme Court appeal as an amicus curiae.
Years later, on April 22, 2024, Shane acquired the domain.
That summer, MONEY was born from the Crypto Twitter trenches.
It was immortalized on-chain by Cody and an army of Landwolf degenreates.
The rest is history.
Staking
Holders can stake MONEY in the dividend pool.
This earns them a share of MoneyFund’s revenue streams.
Revenue comes from multiple sources:
– A 0.1% fee on every swap in the MoneyFund DEX.
– A small fraction of every DOLLAR stablecoin minted.
– 0.1% of every coin launched on the MoneyFund Launchpad.
Staked MONEY must stay in the pool for at least 7 days.
Early unstaking incurs a 20% fee.
After 7 days, unstaking is free.
Stakers receive daily dividend distributions.
Payouts are proportional to your share of the total pool.
DAO
The DAO is the heart of MoneyFund’s community governance.
It’s a decentralized voting platform powered by MONEY holders to trade and make decisions collectively.
Voting power is weighted proportionally to a user’s percent ownership of the 1 million MONEY token supply.
The DAO is funded by the ecosystem and its members.
Key income sources include:
– 0.1% of all coins launched on MoneyFund.
– A small fraction of every DOLLAR minted.
Proposal Voting:
Proposals are open for 24 hours.
A 51% majority is needed for approval.
Non-voting weight automatically supports the proposal to avoid stagnation.
Proposal Limits:
Up to 5 proposals can be submitted daily.
Execution:
Approved proposals are executed automatically by the smart contract.
No manual intervention is required.
Launchpad
The MoneyFund Launchpad offers a fast, retard-friendly way to launch tokens.
Platforms like pump.fun thrive on low-fee chains, but their model doesn’t fully suit Ethereum’s environment.
Still, the need for brainless ERC20 token deployment persists.
The MF Launchpad lets anyone launch a coin in under 30 seconds.
Just provide a name, ticker, and total supply, then hit launch.
For every coin launched:
– 0.1% of the total supply goes to the staking contract.
– 0.1% goes to the DAO contract.
DEX
The MoneyFund DEX is a central component of the MoneyFund ecosystem.
It’s a Uniswap V2-inspired decentralized exchange that’s been customized to integrate with the rest of the MoneyFund protocol.
The DEX supports token swaps and liquidity provision.
Here’s how it operates:
Liquidity Providers (LPs):
Users deposit token pairs (e.g., MONEY and WETH) into a pool.
They receive LP tokens representing their pool share.
LPs earn 0.3% of every swap, proportional to their LP tokens.
An extra 0.1% fee per swap goes to the dividend pool to be proportionally distributed to MONEY stakers.
Airdrop
MoneyFund’s Airdrop platform is a custom smart contract that allows users to compress hundreds of transactions into a single bundled airdrop.
It saves an average of 40% on gas compared to individual transactions.