The "Blackhole" is a key feature in the MoneyArk network, holding a significant portion of $Mark tokens and earning rewards from transaction fees.
The "Blackhole" is a critical feature in the MoneyArk network, represented by a smart contract that initially holds 49% of the circulating supply of $Mark tokens. Over time, it will hold 50% of the $Mark token supply. As one of the $Mark token holders, the Blackhole earns rewards from transaction fees, just like all other holders. Since it is the largest single holder, the rewards it receives from transaction fees account for half of all rewards.
When transaction fee rewards cause the $Mark tokens held by the Blackhole to achieve 51% of the total supply, a Blackhole Rebalance operation can be triggered. In this case, 0.5% of the total $Mark token supply is sold for USDC, and another 0.5% of $Mark tokens are allocated to form LP. This rebalancing ensures that the Blackhole does not accumulate an excessive amount, thereby preventing it from receiving over 50% of the transaction fee rewards. This mechanism ensures fair reward distribution among all $Mark token holders.
The Blackhole Rebalance can be triggered when the Blackhole address holds 51% of the $Mark token's total supply, allowing anyone to trigger it. In this case, the Blackhole will gradually sell 0.5% of the $Mark token's total supply for USDC and provide additional locked liquidity to the Mark/USDC pool to ensure reasonable liquidity growth as the MoneyArk ecosystem expands.
Contract Address: 0x8f2B26b4d31B30ef8a53099Aa2cf4b30ff4ae728