MTF token

The plan#

MTF is planned as the platform token of Meme Traded Fund. The supply is fixed at 1,000,000,000 MTF with no minting function, so the supply can only go down through burns.

• Fair launch. All 1,000,000,000 MTF go into a one-sided Uniswap v4 MTF/ETH pool. There is no team, treasury, community or launch boost allocation; everyone buys from the same pool.
• Starting point. The pool opens at a launch price equivalent to 1B MTF paired with 1 ETH (about a 1 ETH starting market cap), or 0.000000001 ETH per MTF. The price can't fall below the launch price, because the pool holds no ETH below it.
• Liquidity locked forever. The pool position is held by a locker that can only collect fees; the liquidity can never be withdrawn.
• Launch protection. A wallet can hold at most 2% of supply (20M MTF) for the first 15 minutes after launch. The limit then switches itself off permanently; it is enforced in the MTF token and nobody can switch it back on.
• Pool fee. A 1% fee on MTF trades, used to fund the treasury, the MEME500 backing wallet and MTF buybacks. The exact split and how sells are charged are TBA and will be published with the contract.

What MTF is for#

• Buybacks. 15% of every MEME500 ape and redeem fee and 25% of every MEME500 yearly fee already go to the public buyback wallet (see Contract addresses). Once MTF launches, the team uses it to buy back and burn MTF, manually and at its discretion; every burn will be on-chain. Until then the wallet only accumulates.
• Backing. Part of the MTF pool fees is planned to go to a public MEME500 backing wallet that apes MEME500. Address: TBA.
• Creator stake. When user-built indexes open, each new index is planned to lock $500 of MTF for as long as it lives.
• Governance. MTF holders are planned to steer listings, fees and treasury decisions.