Voting & Milestones

Have Your Say

Voting & Milestones

Have Your Say

Each MOD Token comes with the right to vote at four pre-determined milestones.

Each milestone gives tokenholders the opportunity to affirm that modum has met criteria and established in our white paper. Positive voting will release tokens held in a smart contract to the shareholders of modum.

This system allows us to align the interest of our token holders and shareholders, who will receive their profit sharing through the tokens released to them at each voting milestone.

Milestone 1

Was the MOD Token minted and distributed properly?

Our first milestone asked tokenholders to vote positively if the correct number of tokens were transferred to the correct account.

A simple majority of positive votes would release 900,000 MOD Tokens to be used as compensation for our advisors, volunteers, and bug bounty participants.

Status: Completed
Voting Period: November 3 - 17
Participation: 11.8%
Outcome: 98.5% positive

Milestone 2

Go-to-market of our first product line

The objective of our second milestone is to ensure the go-to-market of our first product line including the mass production of our dedicated sensor device and the product ecosystem (application, validation, & qualification).

 To be successful, at least two environmental sensors must be integrated into the hardware platform (temperature and motion) and besides Ethereum at least one additional blockchain must be supported. Upon positive voting, three million tokens will be released to a wallet controlled by modum.

Status: In completion
Voting Period: TBD
Participation: N/A
Outcome: N/A

Milestone 3

Deliver the next sensor generation with real-time interaction

The objective of milestone three is to deliver the second sensor generation with real-time interaction (via current or emerging network technologies, like LoRaWAN).

At least one additional environmental sensor is integrated (light or humidity) and any two additional blockchain back-ends are supported. Upon positive voting, three million tokens will be released to a wallet controlled by modum.

Status: In completion
Voting Period: TBD
Participation: N/A
Outcome: N/A

Milestone 4

Additional environmental sensors

The objective of milestone four is to deliver the third sensor generation with a real-time, on-chip blockchain node.

An additional environmental sensor (e.g. light or humidity) must be integrated and the complete modum software must be delivered in a fully decentralized architecture. Upon positive voting, three million tokens will be released to a wallet controlled by modum.

Status: In completion
Voting period: TBD
Participation: N/A
Outcome: N/A

Learn more

The modum whitepaper was published in August 2017. To learn more about the MOD Token, the token sale, and the structure of voting milestones and profit sharing read our whitepaper.