What is MAO?

MAO (Mixin Autonomous Organization) is the Mixin self-governing organization. Its main purpose is to promote the long-term decentralized development of the Mixin ecosystem. Through XIN voting, it supports teams and individuals beneficial to the development of Mixin.

Governance

All major decisions of MAO require XIN voting, with the voting address at https://snapshot.org/#/mixin-autonomous-organization.eth. Relevant documentation: How to Participate in MAO Voting?

MAO Safe

Safe Assets:

XIN tokens: 147,626.30615495 XIN locked due to the Pando hacking incident, plus the XIN minted for MAO (if 10,000 XIN are fully minted, 9,800 XIN will enter the MAO Safe).
MDT tokens: Voluntarily exchanged by users through MDTb, MDTe, and MDTu.

Asset Management:

The MAO Safe assets are managed by the multi-signature MAO Asset Management Committee, using Mixin Safe and Mixin Messenger.

MAO Token

Maximum Supply: 1,000,000,000,000 MAO (1 trillion)
Circulation: MAO minted + MDT exchanged. Unexchanged MAO is locked and not in circulation.
Token Distribution: 10% minted by XIN holders, 90% exchanged from MDT.

MAO Token and XIN Token:

Minting MAO from XIN is one-way, fixed at 1 XIN = 10,000,000 MAO, with a maximum of 10,000 XIN.
Minting MAO requires at least 1 XIN, in whole numbers.

## # MAO Token and MDT Token:
Exchanging MDT for MAO is one-way, fixed at 1 MDT = 6,000 MAO, regardless of MDT version (MDTb, MDTe, MDTu).
MAO, as an organization, holds MDT debt, with the same rights as users holding MDT directly. There is no priority in debt repayment.
MAO token rights are consistent, with all profits shared equally. This includes hacker debt repayment or Mixin team profit repurchasing, where all MAO holders share the debt repayment income.

Notes:

Minting MAO from XIN is one-way, and MAO cannot be exchanged back to XIN.
Exchanging MDT for MAO is one-way, and MAO cannot be exchanged back to MDT.

MAO Launching

Mint Tokens: Launch the MAO token minting through the Mixin inscription issuance system.
Node Deployment: Deploy XIN nodes and generate rewards (temporarily not participating in Safe nodes).
Establish Asset Management Committee: Community voting to establish qualified MAO Asset Management Committee members.
Launch Website: Launch the official MAO website, listing treasury assets and MAO token circulation, as well as enabling the MDT to MAO exchange function.

Common Questions

What are the advantages of exchanging MDT for MAO?
Compared to MDT, exchanging MDT for MAO = MDT debt rights + XIN node revenue sharing + MAO investment revenue sharing + better liquidity (Swap provides better liquidity + stablecoin collateral lending).

What is the difference between MAO tokens and XIN tokens regarding the Mixin Autonomous Organization?
The former is the organization's revenue right, while the latter is its voting right.

Is it mandatory to exchange MDT for MAO?
No, it is completely voluntary.

Can I exchange MAO back to MDT after the exchange?
No, the exchange of MDT for MAO is one-way.

How is the asset security of the MAO Safe guaranteed?
The MAO Asset Management Committee members are elected by community voting, and the assets in the MAO Safe are managed through multi-signature using Mixin Safe and Mixin Messenger.

Updated on: 01/08/2024