# MJT
**MJT is the native token and the governance token of MojitoSwap.**
Contract Address：0x2cA48b4eeA5A731c2B54e7C3944DBDB87c0CFB6F
#### **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:
**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.**
**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)
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