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MDT is the management token of the MonolithosDAO platform implemented on the Ethereum blockchain. It is MDT that empowers its holders to control the platform through voting. This state of things ensures the stability of the MCR exchange rate pegged to the Russian ruble.
MonolithosDAO is a platform implemented in compliance with all the principles of the DAO project. MDT is the management token which also serves as a recapitalization source for the MonolithosDAO platform. Token holders can participate in decision-making processes, while the "weight" of their vote will be proportional to the amount of MDTs a voting participant sends to the address of a specific voting contract.
== MDT tokens functions ==
* Community management
Also, MDT tokens holders have the opportunity to take out a loan or act as a lender, as well as participate in liquidation collateral auctions.
The system is designed in such a way that each of these actions brings profit to community members.
== MDT as a governance token ==
The owner of the MDT token uses it as a voting control token to make changes to the Monolithos protocol parameters such as stability fees, DSRs, debt ceiling, and many others. Voting is also used to make decisions on non-technical aspects of the protocol, such as asset priority lists, governance processes, role mandates, and even electing individuals to perform specific responsibilities.
== MDT as a source of recapitalization ==
The token also acts as a source of recapitalization when the Monolithos protocol runs in short supply. The ability to dilute the supply of MDT tokens gives holders a powerful incentive to manage the system wisely. Conversely, the elimination of MDTs by selling at MCR auctions due to the system surplus further incentivizes owners to manage the system correctly.
==Basic information about MDT ==
* Token standard: ERC-20
* Total number of issued tokens: 1.000.000 MDT
* Price at the sales stage: 1 MDT = 0.4 USD
Once the MDT token sale is complete, users can purchase coins on Uniswap, Mooniswap and 1inch trading platforms.
MDT tokens can be created and destroyed under various circumstances. MDTs are destroyed when the Monolithos protocol redundancy tracker detects that the minimum threshold has been exceeded, causing the excess MCRs to be auctioned off for MDTs, which are then burned. Conversely, when the Monolithos protocol is in deficit and the system debt exceeds the maximum threshold, MDTs are generated and auctioned off for MCRs to recapitalize the system.