# MJT

![](https://3693350820-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-Mi5BJ2zBzlA5GD0QqcJ%2Fuploads%2FT1eDFH03kfXbnYQh2PW8%2FMJT%20.jpg?alt=media\&token=71377e82-34ff-4913-aaa3-53d9d3892723)

**MJT is the native token and the governance token of MojitoSwap.**

Contract Address：<mark style="color:blue;">0x2cA48b4eeA5A731c2B54e7C3944DBDB87c0CFB6F</mark>

#### **Holding MJT can enjoy the following:**

✅ Participate in liquidity mining and get MJT mining rewards

✅ Become a LP and enjoy the MojitoSwap transaction fee-sharing

✅ Have the right to the future governance of MojitoDAO

*The transaction fee in MojitoSwap is **0.3%.** And 60% of the trading fee generated is used as a reward for LP holders, 26.67% is used to buyback and burn MJT, and 13.33% is moved to the treasury.*

#### **About MJT Distribution**

The total supply of MJT is **100,000,000** and the token distribution is as follows:

![](https://3693350820-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-Mi5BJ2zBzlA5GD0QqcJ%2Fuploads%2FKIjfflFwg22YAhNVnCHJ%2Ftoken%20distribution.png?alt=media\&token=f7cc9b18-c069-4ba9-8709-68e059b8fae2)

**Mining: 75%**

75% of the tokens will be used as a reward for liquidity mining

**Labs: 10%**

10% of the tokens will be allocated by DAO voting

**Team: 6%**

6% of the tokens located to the core team and full-time employees and will be released in the next 4 years linearly.

**Marketing Cost: 4%**

4% of the tokens will be used to incentivize community builders and opinion leaders to increase traffic in different social platforms, encrypted communities, Reddit communities, and developer forum communities

**Brand Cost: 4%**

4% of the tokens will be used for MojitoSwap brand maintenance and promotions.

**Airdrops: 1%**

1% of the tokens are used to give back to the KCC community and help build the KCC community ecology. The unclaimed part will be burned in phases at a later stage.

**The current average daily supply of MJT is 86,400, with a 20% reduction on mining rewards every 180 days.**

![](https://3693350820-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-Mi5BJ2zBzlA5GD0QqcJ%2Fuploads%2FQ0O7vpJJfn4MEAwbmjUk%2FMJT%E4%BE%9B%E7%BB%99%E6%A8%A1%E5%9E%8B%E5%9B%BE-Total-Supply.jpg?alt=media\&token=ba6989e1-3a4c-457e-969f-f8383c9df79a)

![](https://3693350820-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-Mi5BJ2zBzlA5GD0QqcJ%2Fuploads%2FKMn61YtpirjLiiiN7jXN%2FMJT%E4%BE%9B%E7%BB%99%E6%A8%A1%E5%9E%8B%E5%9B%BE-Daily-Average-Token-Issuance.jpg?alt=media\&token=ec55a3ad-44dc-4050-adea-e95ae3991d8b)

**Buyback and Burn**

✅ Buyback and burn monthly （trading fees）

✅ The burning plan of the remaining unclaimed MJT in the 2nd Round Airdrops

✅ Others

[Go to medium to view more info of buyback and burn](https://medium.com/@mojitoswap)