The MIM token is an SPL token issued on the Solana blockchain. It is issued on Solana due to its fast transaction speed, scalability, low cost per transaction and low environmental impact. The main purpose of the MIM token is to reward contributors of the MIM Swarm. Participants can receive rewards based on different forms of contributions such as sample pack contributions, virtual artist contributions and memes. The MIM token can also be used to buy products and gain access to exclusive content created by the swarm.
There will be a maximum supply of 5 Billion MIM tokens. Minting has been disabled for MIM and offers no possibility to mint more than 5 Billion tokens. 47.2% of the tokens will be issued at the beginning, the remaining being locked up in a token vesting program for scheduled release.
The token will be released with a "Fair Launch" approach. 40% of the supply will be launched as a SOL-MIM pair on Raydium DEX. There will be no presale or VC token allocation.