$MIND Tokenomics

About $MIND Token

The $MIND token is pivotal to our ecosystem and our community.

• Community Rewards Mechanism for Data The primary use of the MIND token is to reward individuals for contributing their mood and mental health data to the collective treasury. By providing valuable data, participants not only earn tokens but also help build the foundation of MindDAO’s data ecosystem. This incentive mechanism ensures the sustainability and growth of the project by continually attracting contributions from the community.

• Governance Token As a decentralized autonomous organization, MindDAO will use the MIND token as its governance token. Token holders will have the ability to propose and vote on key decisions that shape the future of the DAO. Governance decisions will include the types of data collected, how the DAO expands, and other critical aspects of the ecosystem. Voting will be conducted through platforms like Snapshot, ensuring transparency and inclusivity. The governance framework will evolve over time, with clear bylaws and processes to empower the community in decision-making.

• Access to Data and Insights The MIND token will serve as the gateway to access MindDAO’s aggregated data and insights. Whether individuals or organizations want to understand the daily sentiment of the crypto community, generate reports on collective mood trends, or access anonymized community data, the MIND token will be the currency facilitating this access. This ensures that the value of the data collected benefits not just the contributors but also those who use it for actionable insights.