MESSIER

M87 is the community token that is able to be traded in the open market or staked in the Messier DAO to earn passive income rewards. All Messier applications will collect user fees from large demographics of consumers across a multitude of networks; these fees will be sent to the treasury of the DAO. The number of tokens an M87 token holder stakes in the DAO determines whether they can create proposals or vote on proposals that utilize treasury funds to purchase alternative tokens. When a proposal succeeds, a smart contract will purchase the token specified in its proposal, distribute 13% of the newly acquired tokens to M87 token stakers directly, and deposit 87% of the newly acquired tokens into the treasury for the duration of a cycle (a cycle consists of 87 proposals that have been successfully passed within the DAO). M87 token stakers will be able to claim the tokens that were distributed to them directly from the user interface of the DAO; these tokens are held in an immutable pool, which cannot be accessed by anyone other than the stakers themselves. At the end of a cycle, a smart contract named Supernova will distribute additional rewards to any M87 token stakers who remained staked throughout the entirety of the cycle. The first set of additional rewards being distributed will consist of 13% of each token type (with the exception of ETH) stored in the treasury from the previously passed proposals; the remaining 87% will be market sold into ETH. The second set of additional rewards being distributed will consist of 13% of the newly market bought ETH; the remaining 87% will be deposited into the treasury. The treasury of the DAO triggers a smart contract that performs a buy & burn on the M87 token whenever the quantity of ETH surpasses 87 tokens. When the Supernova smart contract deposits ETH into the treasury at the end of the cycle, it will greatly surpass its threshold, which will trigger the buy & burn smart contract. This will provide an abundance of liquidity to the M87/WETH pool, while removing substantial amounts of M87 tokens from the circulating supply.