> 1.$.£.A $MIT (Monad Island Treasury 💜): 
MONAD ISLAND TREASURY ($MIT)
OFFICIAL WHITEPAPER — Version 1.3
Network: Monad
Contract: 0xE1d9F9b2EefE46d734Bbb5803ADf4E6e28D079c2
Contract Status: Open until first High Council meeting at $100,000 MC → Renounced after
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1. Introduction
Monad Island Treasury ($MIT) is a meme-nation token built around a real island that declared symbolic independence from Finland in 2025.
The island is a souvenir country with complete freedom — except for one rule:
No running. The island is full of stones. Running hurts.
$MIT combines treasury-driven rewards, automated MONAD payouts, real-world island access, and tiered citizenship into a unified ecosystem governed by holders.
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2. Mission
To build a community-driven ecosystem where holders earn rewards, gain tiered citizenship, and shape the island’s future — digitally and physically — through a transparent treasury and decentralized governance.
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3. Token Overview
• Token Name: Monad Island Treasury
• Ticker: $MIT
• Network: Monad
• Contract: 0xE1d9F9b2EefE46d734Bbb5803ADf4E6e28D079c2
• Total Tax: 8% per transaction
• 6% → Treasury
• 2% → Island development & operations
• Contract Status: Open temporarily for first High Council meeting → renounced after reaching $100,000 MC
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4. Treasury Mechanics & Reward System
4.1 Treasury Sale Mechanism
• Treasury accumulates $MIT from 6% tax
• Executes 2,000,000 $MIT batch sales periodically
• Converts to MONAD for rewards and treasury operations
4.2 Automatic MONAD Rewards
• Distributed to all wallets holding ≥0.15% (Supporters and above)
• Proportional to holdings
• Instant, automated, no claiming required
• No dilution of $MIT
• Stable, chain-native rewards separate from $MIT market
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5. Citizenship Tiers
Supporter — 0.15% to 0.99% of supply (new tier)
• Eligible for MONAD rewards
• Recognized as official $MIT citizens
• Access to community channels
• Early notice on island updates
• Observer rights in governance discussions (non-voting)
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Visitor — 1% of supply
• All Supporter benefits
• Eligibility for island visit access
• Early NFT whitelist
• Entry into governance discussions
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Resident — 2% of supply
• All Visitor benefits
• Priority for annual island access
• Ability to propose micro-laws (except immutable no-running rule)
• Voting rights in standard governance decisions
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High Council — 3% of supply
• All Resident benefits
• Full voting rights
• Participation in first High Council meeting triggered at $100,000 MC
• Authority to approve final contract changes before renunciation
• Annual High Council gathering rights
• Title: Stonefoot Elder
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6. Contract Governance
6.1 Temporary Open Contract Phase
The $MIT contract remains open only until the first High Council meeting, which occurs when the project reaches $100,000 market cap for the first time.
During this phase, the High Council can vote democratically on:
• Reward tuning
• Security adjustments
• Governance enhancements
• Treasury mechanics improvements
• Holder-benefiting upgrades
Only approved proposals are executed.
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6.2 Final Renunciation
Immediately after the first High Council meeting:
• Contract is permanently renounced
• Fully decentralized and immutable
• Smart contract operations continue autonomously
• Governance proceeds socially, off-chain
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7. Real-World Island Utility
$MIT treasury funds will eventually support:
• Holder visits
• Annual community gatherings
• High Council meetings
• Island infrastructure (paths, shelters, docks, meeting areas)
• Maintenance and transport
• Community-led upgrades
The island serves as a physical extension of the $MIT ecosystem.
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8. Funding High Council Meetings (Sustainable Model)
To preserve token stability:
• Funding comes only from treasury yield
• No extra taxes or dilution
• No hidden minting
Revenue sources:
• Treasury-held MONAD
• Merchandise and merch sales
• Sponsorships
• Voluntary contributions
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9. NFT Expansion (Future Phase)
NFTs will be introduced post-renunciation. Use cases include:
Citizenship cards (Supporter, Visitor, Resident, High Council)
• Event passes
• Lore collectibles
• Symbolic “landmarks”
NFTs are optional and do not impact tokenomics or governance at launch.
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10. Island Governance Philosophy
• One immutable rule: No running
• Tiered governance system
• Transparent, democratic voting for High Council and residents
• Off-chain social governance post-contract renunciation
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11. Roadmap
Phase 1 — Launch
• $MIT deployed on Monad
• Treasury live
• Reward system active
• Tier recognition implemented
Phase 2 — Early Governance
• High Council formation
• Contract open for first meeting at $100k MC
Phase 3 — First High Council Meeting
• Governance votes executed
• Reward/security adjustments
• Contract renounced permanently
Phase 4 — Island Integration
• Holder visits commence
• Infrastructure upgrades
• Annual Resident & High Council meetings
Phase 5 — NFT Era
• Citizenship NFTs
• Event passes
• Lore & collectible releases
Phase 6 — Full Nationhood
• Sustainable treasury operations
• Annual island conferences
• Expanding cultural identity
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12. Closing Statement
Monad Island Treasury ($MIT) is more than a memecoin.
It’s a decentralized micronation with:
• A functioning treasury
• Tiered citizen structure
• Automated MONAD rewards
• Real-world island access
• Democratic High Council governance
• One eternal law: Walk. Don’t run.
$MIT turns a meme into a nation — both digital and physical — rewarding those who hold, support, and participate.