The MCDEX community has issued its governance token MCB and has done a series of governance work. While launching the Mai3 protocol, we will establish MCDEX DAO based on MCB. MCDEX DAO will be the core of the MCDEX community. The mission of MCDAO is to continuously develop the MCDEX ecosystem.

MCDEX DAO has vault. The asset in this vault comes from:

- Share from the fee captured by MCDEX ecosystem

- Newly issued MCB in the MCB tokenomics

- Other payments made to MCDEX DAO

The asset in the vault is used to assist the MCDEX DAO mission. Its specific usage includes but not limited to:

- Liquidity incentive: Incentives for LP of AMM

- Governance incentive: Incentives for MCB holders who participate in community governance

- Development incentive: Incentives for community starters and community managers

- Audit fee and other required fee

- Add liquidity to products in the MCDEX ecosystem

- Buyback MCB from the secondary market. The MCB will be part of the vault asset

- Provide liquidity for MCB (in the MCB liquidity pool on Uniswap)

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