Decentralized Public Welfare Fund of Mecha Infinity
Through governance tokens, Let the launch of public welfare initiated by Matrix Vision gradually achieve decentralization.
This process occurs when governance tokens are distributed among participants and stakeholders. In order to quickly put this ideal into action, Matrix Vision will actively start the construction of public welfare content. We will find the most trusted nonprofits Organization to form strategic partnerships and continue to invest in the project with token distribution and 50% of advertising revenue in the coming quarters. All public welfare funds are managed by professional institutions and all final confirmation will be done by Matrix Vision. Financial disclosure will be supervised by all participants and governance token holders. Over time, ownership of Matrix Vision will no longer be centralized. We will give a certain number of governance token holders the right to make decisions on the usage of funds for the public welfare. It’s a grand vision, and it will take multiple tests and time to make it a reality. We will use the region as a pilot test to improve our flow and system. When everything is perfect, we plan to expand our public welfare to the area where Mecha Infinite can reach.
Details of Unlock Schedule
Mecha Infinity plans to raise $6,250,000 in a private sale of Governance Token to strategic investors in the 2nd Quarter of 2022. These investors purchased Governance Token at a 20% discount.
20% of the private sale tokens will be unlocked during the Governance Token public sale. The rest of the private sale tokens will be unlocked quarterly over the year.
Sales Data of Governance Token Program
Token Management and Funds Usage
We used the funds raised in the following allocations:
Development cost: 50%
Repurchase Fund: 30%
Business development and marketing: 20%
All funds are kept in a multi-signature cold wallet controlled by an independent financial team.
All use of funds requires the signature of at least two-thirds of the top management team.
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