MULKI Token
Fixed supply of 21 million. Non-inflationary. MULKI power cannot be bought from the issuer — it must be earned or purchased from existing holders.
Overview
MULKI is the Protocol's mulki token. It carries voting rights, a staking multiplier, and serves as collateral when minting DING. The protocol never sells MULKI tokens.
Supply & Distribution
| Parameter | Value |
|---|---|
| Total Supply | 21,000,000 MULKI |
| Protocol Treasury Reserve | 61% |
| Rewards / Incentives | 21% |
| Staked Circulating | Variable |
| Inflation | 0% |
Staking & Voice Multiplier
MULKI power is weighted by staking commitment:
- Staked tokens: 2x voice multiplier
- Unstaked tokens: 0.5x voice multiplier
The natural decay function ensures that founder influence declines at 10% per annum automatically. No explicit handover is required. MULKI power migrates from founders to participants organically.
Capture Resistance
Because the protocol never sells MULKI, a would-be capturer must buy from existing holders, driving the price up as they accumulate. This makes governance capture structurally expensive compared to token-sale models where influence can be purchased directly from the issuer.
| Attack | Mechanism | Cost |
|---|---|---|
| Direct purchase | Buy from secondary market | Prohibitive (no issuer sales) |
| Staking accumulation | Stake to gain 2x multiplier | Time + capital lockup |
| Proposal bribery | Pay voters per vote | Visible on-chain |
Distribution
MULKI is distributed through participation, not purchase from the protocol:
- Staking rewards
- Liquidity provision incentives
- Bond purchase rewards
- MULKI participation
- Secondary market purchase (from other holders)