Aside from our major community allocation event, the team has also finalised the development of two more smart contracts: The Vesting contract and The Whitelist contract.
- Vesting Contract: This contract deals with the allocation of MNT tokens to a wallet address, but with a vesting mechanism that limits the available amount and slowly releases the MNT tokens during a set period of time. Vesting is a common mechanism that limits the selling pressure on the token, especially during the early stages of the protocol launch.
- Whitelist Contract: This contract deals with the permissions, and limits who can use the Minterest protocol. When the protocol will be at its initial stages with limited functionality, only whitelisted users will be able to use the Minterest protocol.