Staking of token MOS to GMOS

By staking of a MOS token to GMOS, you can immediately receive GMOS tokens. These entitle user to vote on MOSAICO matters. MOS tokens are exchanged 1:1 for GMOS tokens. GMOS tokens entitle you to:

• voting (DAO), more information in section How DAO voting with GMOS tokens works?;

• access to private sale;

• by participating in the voting or having access to the phase of the private sale, the user does not burn their GMOS tokens.

BONUS

DAO Voting

In order to vote on the Mosaico platform, a user must have a GMOS, obtained by staking a token of the project in which the user would like to vote. Each vote has a different power. The rules are described below. (Rules of voting are described in section DAO Voting)

• By converting a MOS token into a GMOS token, every day, the user additionally receives a bonus in the form of a fixed increment of 0.1%. It is an increment of influence participation share. Thus, users can multiply the value of their vote when making decisions in DAO.

• The bonus continues to increase until at least one GMOS token is converted into MOS. After the re-conversion of MOS into GMOS the bonus will reduce to zero and will have to be calculated from 0%.

In the future, we will extend token privileges, and their power to compute pools, by using the ERC 1155 protocol.

Example

• User allocates 1,000 MOS to GMOS. The next day, their bonus is 0.1%, so his voting or private sale entry weight is equal to 1,001 GMOS.

• After 100 days, users 1,000 GMOS have a weight of 1,100 GMOS. When the user decides to convert some of their GMOS to MOS, his bonus drops to 0%. The next day, the portion that is left in GMOS has 0.1%, calculated from the beginning.

• When the user decides to convert all of the GMOS to MOS, the bonus drops to 0%. In the future, if the user decides to convert MOS to GMOS again, the crediting will start at 0%.

• For example, 1,000 GMOS with an earned multiplier of 20%, at the converting to MOS point user still gets 1,000 MOS and the GMOS tokens are burned.

• Voting doe not burn GMOS Tokens.

Private sale access

As a result of having a GMOS token derived from MOS, users have access to the private sale phase of the project.

(Details described in Fazy projektu - private sale).

Terms and conditions for getting access to the private sale

• A 1% difference in price between private sale and ICO1 is - 10 000 GMOS (GMOS + Bonus resulting from days of GMOS stock).

• If the price in private sale is 1 PLN and the price in ICO1 is 1.1 PLN we have a difference of 10%.

• 10 000 * 10= 100 000 GMOS, so user needs 100 000 staked GMOS to get access to the private sale.

• Access to private sale does not burn GMOS tokens

GMOS to MOS payout

Tokens can be deposited into or withdrawn from the PoS account at any time. Deposited tokens, are frozen until the start of the next billing period (i.e. until midnight UTC time). Withdrawn tokens, are frozen until the end of the next full billing period (i.e. until midnight UTC time + 1 day). Frozen tokens do not have the right to vote or enter the Private sale. Additional vesting on withdrawal is possible.

(Details presented in Vesting Tokena GMOS i TMOS).

Example

Tokens were deposited into the PoS account on Monday at 10:00 UTC. They will be available in the account on Tuesday at 0:00 UTC, which is 14 hours later. Tokens were withdrawn from the PoS account on Friday at 22:45 UTC. They will be available in the wallet on Sunday at 0:00 UTC, which is 25 hours and 15 minutes later. Voting rights, or private sale entries, are available for three settlement periods: Tuesday, Wednesday, and Thursday. Tokens are only burned when exiting staking, i.e. converting back to MOS tokens.