# Market Maker Token (MMT)

**URL:** <https://forum.flow.com/t/market-maker-token-mmt/503>\
**Category:** Product & Ideas\
**Created:** [July 26, 2020, 11:42am UTC](https://forum.flow.com/t/market-maker-token-mmt/503 "2020-07-26T11:42:46Z")\
**Posts on this page:** 1\
**Page:** 1

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**Author:** ![makoto](https://sea2.discourse-cdn.com/flex022/user_avatar/forum.flow.com/makoto/32/5_2.png) [@makoto](https://forum.flow.com/u/makoto)\
**Post date:** [July 26, 2020, 11:42am UTC](https://forum.flow.com/t/market-maker-token-mmt/503/1 "2020-07-26T11:42:46Z")

</div>

[NOTE] This is variant of [Personal token yield farming idea I posted earlier](http://forum.flow.com/t/yield-farm-social-tokens-by-locking-nbatopshot-nfts/416).

## Summary

MMT allows whales to create their own personal tokens which they can use to incentivise trading with them such as trade discount, rev share, referral fee etc.

## Target users

- Collectors who own large set of NBATopshot NFTs (aka whales) and constantly seeking to buy/sell tokens.

## How does it work?

### Example.

Let’s say whale A is a big fan of Brooklyn Nets and he is particularly interested in collecting moment of Spencer Dinwiddie.

### The basic minting rules.

The whale A can setup “Brooklyn Nets” trading market where sellers/buyers of Nets card can receive $WhaleA token in the following condition.

> Mint 1 $WhaleA token per dollar traded.

So, if a user B buys one item at $30 from $WhaleA, then the user B receives 1x30 = 30 $WhaleA tokens.

#### Extra variables

You can give any extra rules as follows.

- 1 $WhaleA token per dollar sold by me.
- 1.5 $WhaleA token per dollar I bought.
- 1.8 $WhaleA token per dollar I bought if it’s the moment by Spencer Dinwiddie.
- 0.1 $WhaleA token per dollar if someone else buy/sell moment from me (aka referral)

### Setting up benefits of the token

If $WhaleA token has no benefits, no one cares. You can set the following incentive schemes using your $WhaleA token.

- Trade discount for certain items
- Revenue share of the trade profit
- Voting right about the minting and trade reward policy

## Open questions.

- Current model has no consideration of token supply. Should it have any?
- Current model has no staking based on duration. Should it add any?

## Some token incentive inspirations

- Whale tokens give revenue share of NFTs he owns to his $WHALE token holders.
- Synthetic inflation model dilutes SNX holders who don’t participate in their liquidity mining program.
- Synthetic gave away tokens to other market (Uniswap sETH/ETH) pool to increase the volume.

## Reference

- [$WHALE tokens on Tryroll](https://beta.cent.co/+9fm6li)
- Synthetic (SNX) governance token yield farming.