Last updated
Last updated
$CMD is the governance and utility token of CommuDAO Multichain, with a maximum supply of 100,000,000 tokens.
Token contract (OP mainnet):
80% of the supply will be allocated to for a one-way bridge, enabling users to burn $CMJ on the JIBCHAIN side to receive $CMD at a 1:80 ratio. The bridge is now live and accessible at . The objective is to empower key protocol collaborators on JIBCHAIN to transfer their shareholder power to the OP Mainnet, leveraging its Ethereum-inherited security.
20% of the supply will be allocated to $JDAO for a one-way bridge, enabling users to burn $JDAO on the JIBCHAIN side to receive $CMD at a 1:1 ratio. The bridge is currently not open. The objective is to ensure the protocol can continue incentivizing future collaborators after $CMJ becomes scarce due to the 80% $CMD one-way bridging. This approach aims to maintain sustainable incentives for long-term growth.
• Governance Voting: Participate in proposals and development decisions via Snapshot.
• Shareholder Benefits: Earn a share of 60% of CommuDAO protocol revenue through voting to distribute 12.5% of ecosystem revenue monthly, helping shape the protocol’s development direction.
Following the unanimous vote on the July 2024 proposal to manage a 480,000 $JBC grant from JIBCHAIN, it was decided to convert $JBC into stablecoins and use the proceeds to buy and burn $CMD. This strategy aims to indirectly market the project by boosting the token price.
• The grant will be divided into 12 epochs (12 months), with 40,000 $JBC allocated per epoch. During each epoch, the $JBC will be converted into $USDT and bridged to purchase $CMD, which will then be burned entirely.
• The buy-and-burn executed on the 28th of each month for 12 months. Governance may adjust the timing of monthly purchases by proposing a delay or acceleration through a proposal, with a voting period of 7 days.
$CMD holders can provide liquidity for the $CMD-$WETH pair on Velodrome VolatileV2 AMM and further stake it at to receive stCMDlp. Holding stCMDlp comes with the following benefits:
