Preceding Wallets

Preceding wallets are wallets that have owned $MMLM before the transacting wallet (the wallet that is currently making a $MMLM transaction) makes its very first $MMLM transaction. All preceding wallets are rewarded with the Holder Reward for every $MMLM transaction that the subsequent transacting wallets make (including the very first purchase).

A simple example: Alice is the very first person to join the MMLM ecosystem. She joined by purchasing $MMLM on Mute.io on block n.

Bob joined a bit later by purchasing $MMLM on block n+1. Alice received $MMLM reward (1% of Bob’s first $MMLM purchase) via the holder reward system. She also receives the holder reward for any subsequent $MMLM transactions that came from Bob.

-> Alice is Bob’s preceding wallet.

Charlie joined MMLM later than Bob by purchasing $MMLM on block n+2. Alice and Bob share the $MMLM reward (1% of Charlie’s $MMLM purchase) via the holder reward system. They both share the holder reward for any subsequent $MMLM transactions that Charlie makes.

-> Both Alice and Bob are Charlie’s preceding wallets.

Check out the Holder Reward page for a more detailed breakdown.