Utility

At the core of this ecosystem lies the $M87 token, a fully-distributed, deflationary asset. With a buy-and-burn mechanism triggered when the DAO Treasury surpasses 87 ETH, supply is continuously reduced, boosting scarcity and value.

When M87 tokens are staked, participants receive the Messier Traveler Token (MTT), representing their stake and enabling them to earn rewards. ​

The governance framework is divided into two main groups:​

• Pōwehi: Comprising the top 87 stakers, Pōwehi members have the exclusive right to create proposals for the community to consider. Notably, they do not participate in voting on these proposals.​

• Halo: This group includes all other stakers outside of the top 87. Halo members are responsible for voting on proposals initiated by Pōwehi, with each staker entitled to one vote per proposal.