{
  "schema_version": "1",
  "portal_version": "1.0.0-foundation",
  "updated_at": "2026-07-20",
  "source": "marco.public_portal",
  "provenance": "marco_tokenomics_registry",
  "data": {
    "schema_version": "1.0.0",
    "data_version": "2026-07-21",
    "status": "TOKENOMICS_2_IN_DEVELOPMENT",
    "asset_roles": [
      {
        "id": "MARCO",
        "label": "MARCO",
        "role": [
          "Access",
          "Belonging",
          "Participation",
          "Service advantages",
          "Developer and merchant utility",
          "Network capacity",
          "Future optional locking"
        ],
        "notes": "MARCO is the access and participation token of the Melega Ecosystem. It is not a claim on cashflows and not a stablecoin."
      },
      {
        "id": "M_CREDITS",
        "label": "M-Credits",
        "role": [
          "Treasury-authorized service credits",
          "Designed for approved services and future marketplace circulation"
        ],
        "notes": "M-Credits are NOT fiat currency, NOT a stablecoin, and NOT redeemable for cash unless a future legally supported product explicitly states otherwise. There is no guaranteed MARCO-to-M-Credit conversion."
      }
    ],
    "reserve_activation_principle": {
      "id": "NO_EPOCH_PROOF_NO_RESERVE_RELEASE",
      "headline": "No Epoch proof, no reserve release.",
      "statement": "Any MARCO controlled for future ecosystem development should be activated only against measurable utility creation. Reserve categories are prepared, not funded."
    },
    "reserve_categories": [
      {
        "id": "protocol_owned_liquidity",
        "label": "Protocol-owned liquidity",
        "purpose": "Sustain healthy on-chain liquidity for MARCO.",
        "allocation": "NOT_YET_FROZEN",
        "status": "UNDER_ANALYSIS"
      },
      {
        "id": "passport_growth",
        "label": "Passport growth",
        "purpose": "Activate real Passport onboarding.",
        "allocation": "NOT_YET_FROZEN",
        "status": "UNDER_ANALYSIS"
      },
      {
        "id": "merchant_adoption",
        "label": "Merchant adoption",
        "purpose": "Bootstrap verified merchants.",
        "allocation": "NOT_YET_FROZEN",
        "status": "UNDER_ANALYSIS"
      },
      {
        "id": "developer_agent_network",
        "label": "Developer and agent network",
        "purpose": "Fund external integrations and agent participation.",
        "allocation": "NOT_YET_FROZEN",
        "status": "UNDER_ANALYSIS"
      },
      {
        "id": "melega_service_utility",
        "label": "Melega service utility",
        "purpose": "Wire MARCO into operational Melega services.",
        "allocation": "NOT_YET_FROZEN",
        "status": "UNDER_ANALYSIS"
      },
      {
        "id": "strategic_integrations",
        "label": "Strategic integrations",
        "purpose": "Fund interoperability and external partnerships.",
        "allocation": "NOT_YET_FROZEN",
        "status": "UNDER_ANALYSIS"
      },
      {
        "id": "human_impact_events",
        "label": "Human Impact and events",
        "purpose": "Real-world impact and gatherings.",
        "allocation": "NOT_YET_FROZEN",
        "status": "UNDER_ANALYSIS"
      },
      {
        "id": "security_and_assurance",
        "label": "Security and assurance",
        "purpose": "Audits, monitoring, incident response.",
        "allocation": "NOT_YET_FROZEN",
        "status": "UNDER_ANALYSIS"
      }
    ],
    "known_supply_facts": {
      "total_supply": null,
      "circulating_supply": null,
      "contract_address": null,
      "chain_id": null,
      "note": "Canonical values live in the token registry (/api/public/token). Unknown fields remain NOT PUBLISHED until Supply & Control Audit completion."
    },
    "required_audits": [
      "Supply & Control Audit",
      "Contract security audit",
      "Legal review of M-Credits framework per jurisdiction"
    ],
    "authority": {
      "economic_authority": "TREASURY_RUNTIME",
      "disclosure_authority": "MARCO_PORTAL",
      "settlement_authority": "TREASURY_RUNTIME",
      "market_making_authority": "NONE"
    },
    "financial_promises": "NONE"
  },
  "canonical_url": "/api/public/marco/tokenomics"
}