💰 Tokenomics

Rules the operator cannot bend are worth more than promises the operator makes.

The economic design of Matsuri Coin (MTC) rests on a single conviction: a rule that even we cannot tamper with is the strongest reassurance we can offer. Supply is fixed forever, the community pool is locked with a third-party custodian, and the buyback commitments are stated as exact percentages of specific revenue lines — not vague pledges. This chapter discloses all of it.

Trust carved into the code, not written into a promise.

Token specification

Both the mint authority and the freeze authority on the MTC token have been permanently revoked. Additional issuance is impossible; no wallet can ever be frozen. These are not policies — they are on-chain facts anyone can verify.

Token

Matsuri Coin (MTC) — SPL token on Solana

Total supply

900,000,000 MTC — fixed, forever

Decimals

9

Mint authority

Revoked — no new MTC can ever be minted

Freeze authority

Revoked — no wallet can ever be frozen

Mint address

DRENpzmRWM4TwECrCPCfS1k5VBPmanhQg9bcCWP8EZXF

Lock custody

Streamflow Finance — 550M MTC, irrevocable cliff 2027-06-01

Verify every line yourself: open the mint on Solscan.

Why revoked authorities matter

Revoking mint authority means the operator can never mint more tokens and dilute your share. Revoking freeze authority means no one — including us — can freeze your wallet. This is the foundation of a trustless design.

What is on-chain today — exactly this, no more

The MTC SPL token, the Streamflow lockup, the initial Raydium MTC/SOL liquidity pool, and Solana Pay / Phantom payment verification (live in the production apps). The buyback and vesting smart contracts are code-complete but not yet deployed to any cluster — see the buyback section below for their status.

Token allocation

The majority of the supply belongs to the community, and it is locked where we cannot reach it.

61%Community pool550M MTC, locked in Streamflow

39%Ecosystem operations350M MTC

2027-06-01Grand Unlockirrevocable Streamflow cliff

Pool	Share	Amount	Where it sits today
Community pool	61%	550,000,000 MTC	Locked in Streamflow Finance contract BeNMErFRUuLKTvJmtUZVk71Y2fojXePew2LXTBQqZ9ff, irrevocable cliff 2027-06-01
Ecosystem operations	39%	350,000,000 MTC	Operating treasury: liquidity provision, marketing, GCF distribution, development, event hosting

The community pool is the reward reserve for contributors. After the Grand Unlock it is released on the halving schedule below and flows into the earning programs described in Mining — nothing reaches the market in one dump.

The operations pool funds the machine that grows the ecosystem: the Raydium liquidity pool, marketing, initial distribution to GCF members, development, and cultural events. As DAO governance comes online (targeted 2027), the community gains oversight of how it is spent.

Revenue engines

MTC's value case is backed by revenue from real business activity — a platform that already sells things people want.

Engine	What people pay for	Chapter
Experiences & guides	Bookings for tours, events, meetups, and classes; guide tips	Experiences
GCF membership fees	Paid membership tiers, up to numbered Gold and Platinum seats	GCF
Media (J-Times)	Premium items and Free / Premium / Pro reader plans	Media
Marketplace	Escrow-protected shop commerce plus crowdfunding campaigns (6% platform fee)	Shop · Crowdfunding
Live streaming	Tips across 5 rails (minimum ¥100), MLC top-up packages, paywalled and tier-gated archives	Live

Growth backed by real demand

The more visitors experience the culture, the more revenue flows through these engines — and a fixed share of that revenue is contractually pointed back at the token, as the next section defines.

Buyback protocol

We do not simply pocket the profit. Two standing commitments route revenue back to the token — exact percentages of specific lines, not a vague share of "business revenue."

Platform commitment

20% of Matsuri HQ sales (guides and events)

Community commitment

25% of GCF membership fees

Destination

Market buyback + injection into the Raydium MTC/SOL liquidity pool

Buyback status today — honest version

Buybacks today are an operational commitment executed by the company on a public DEX, so they are visible on-chain by nature. The matsuri-buyback smart contract that will automate them is code-complete (1,797 lines, 17 tests) but not yet deployed; audit-prep is complete and a staged audit with Hashlock is in progress. The Roadmap carries the full on-chain migration and audit timeline.

Every time the platform earns, a defined slice of that earning becomes buy pressure and deeper liquidity. That is the structural link between culture being experienced and the token that rewards it — the full loop is drawn in The Economic Flywheel.

Price formation

MTC trades on an automated market maker (AMM). In a constant-product pool, price is simply the ratio of the two reserves.

Constant-product AMMPrice ≈ SOL in the pool ÷ MTC in the pool

1. Revenue becomes buy pressure

   The 20% and 25% commitments purchase MTC from the open market — SOL flows in, circulating MTC is absorbed.
2. Liquidity deepens

   Part of the commitment is injected into the Raydium MTC/SOL pool, reducing slippage and dampening volatility for everyone.
3. Scarcity conditions accumulate

   Sustained real demand plus sustained buybacks move the supply-demand balance toward scarcity — structurally, not magically.

A mechanism, not a guarantee

This describes a structural design: if business revenue continues and buybacks are executed, the balance moves in the direction of scarcity. Actual price depends on market demand, liquidity, external conditions, and factors no design can control. MTC is a utility token; nothing here is a promise of profit. See the Disclaimer.

Halving schedule

The 550M MTC community pool that unlocks on June 1, 2027 is not released at once. We adopted a two-year halving cycle — faster than Bitcoin's four-year rhythm — so rewards keep flowing for decades while early contributors earn from the largest epochs.

Epoch	Period	Share of pool	Amount released
1	2027–2029	50%	≈275M MTC
2	2029–2031	25%	≈137.5M MTC
3	2031–2033	12.5%	≈68.75M MTC
4+	2033 onward	Halves each epoch	Diminishing, asymptotic to zero

Mathematically the pool never fully empties — each epoch releases half of the previous one, the same principle that gives Bitcoin its long tail.

At the Grand Unlock, the pool flows from the third-party Streamflow lockup into the matsuri-vesting contract (code-complete, 1,629 lines, 26 tests), which executes the halving release on-chain — contract detail lives in Product & Technology.

Early contribution earns from the biggest epochs

Epoch 1 releases as much as every later epoch combined. Guiding, hosting, creating, pilgrimage check-ins, referrals — the ways to earn from the pool are the subject of Mining.

Where the economy stands today

The MTC economy is early — and it is real. This is traction you can download, book, and verify.

3Native iOS appsall released, live on the App Store

50+Events runreal bookings, real guests

43Contract tests passingbuyback + vesting, code-complete

4Live web productsmatsuri.group · j-times.org · gcf.works · matsuri-dao.com

MTC is spendable at checkout today

A live in-app MTC wallet

Honest statement

We do not yet claim mass adoption. Three released apps, a live web platform, 50+ events run, smart contracts code-complete with 43 tests, and audit-prep complete with Hashlock — that is the reality today. The product is running, the community exists, and the phase ahead is scale.

Ready to see why this economy runs on Solana specifically? Continue to Why Solana?