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Mined by 1.8 million seafarers. Backed by ships, Bitcoin, and gold. Governed by the community that powers global trade.
The Token
$MARGOT is a fixed-supply, Proof-of-Work utility and governance token with a 100-year design horizon. Unlike speculative tokens, $MARGOT is earned through real maritime labour: every seafarer who completes a verified ship inspection on any of the 54,000+ vessels in the global fleet receives $MARGOT in their wallet within 24 hours.
The token operates on two interlocking engines. Engine 1 ($MARGOT) is the people layer — mined by 1.8 million seafarers, governed by the community, pegged to a basket of maritime assets, Bitcoin, and gold. Engine 2 (Ship-Bonds) is the asset layer — each vessel has its own ring-fenced €200 bond series, turning the ocean into something anyone can own.
$MARGOT holders gain access to bond series (minimum 100 MARGOT held), quarterly yield in USDC from charter revenue, governance votes over fleet decisions, and an inflation-beating peg that strengthens as the fleet grows. The supply halves every four years for 25 epochs — 100 years of disinflationary monetary policy, mathematically enforced.
Two-Pillar Vision
$MARGOT without ships is speculation. Ships without $MARGOT are just finance. Together they create a self-reinforcing flywheel designed to compound for a century.
⛏ Engine 1 · People Layer
A fixed-supply PoW token mined by seafarers through verifiable ship inspections on any commercially operating vessel in the world — not only DAO-owned ships. The 54,000-vessel global fleet is the mining pool.
Impact: Gives 1.8M seafarers economic stake in the maritime economy they power. Eliminates 5–9% remittance fees. Returns hundreds of millions annually to crews.
⚓ Engine 2 · Asset Layer
Each vessel in the Maritime DAO fleet has its own dedicated, ring-fenced bond series. Every bond is priced at €200 — open to any investor globally. Capital is split 80/10/10: ships, operations, reserve.
Impact: Democratises fleet ownership to any person with €200. Transparent on-chain accounting. Real ship, real revenue, real yield. A total loss of one vessel impacts only that series.
Token Utility
Seafarers earn $MARGOT for every verified inspection on any vessel globally. Rewards range from 150 MARGOT (STCW check) to 1,200 MARGOT (pre-purchase survey). 84% of all tokens distributed via PoW.
Hold a minimum of 100 MARGOT to unlock access to any bond series. MARGOT is the key to fractional ship ownership — earning the token through work grants you entry to the asset layer.
Bond holders elect the standard yield for fixed, predictable quarterly income in USDC. Protected by the vessel's reserve fund first, then the DAO treasury backstop — never zero.
Elect direct ship yield and receive 50% of your vessel's net operating income divided by bonds outstanding. In bull markets, direct yield vastly outperforms. No reserve backstop — full market exposure.
1 $MARGOT = 1 vote at Tier 1. 3-tier governance structure — Operational (500 MARGOT), Strategic (2,500 MARGOT), Constitutional (10,000 MARGOT). Seafarers who mine their stake shape the fleet.
Annual emission halves every 4 years across 25 epochs. Additionally: marketplace fee burns, inspector slashing burns, and DAO treasury buybacks continuously reduce circulating supply.
Ship-Bond Model
Each vessel has its own ring-fenced bond series. Capital, revenue, reserves, and buybacks are tracked at the individual vessel level — never pooled. Every bond holder knows exactly which ship their capital is deployed in.
Series A · Genesis Vessel
General cargo · Baltic & North Sea operations
80 / 10 / 10 allocation
Series B · Offshore Wind
High-speed workboat · Baltic offshore wind farms
CTV day-rate scenarios
Series C · Planned 2027
Fleet expansion · SME Growth Market Exemption
Series C through O span the full 100-year fleet roadmap — from this vessel to a mega-consortium fleet of 1,000+ ships by 2100. Every series: one ship, one bond, ring-fenced forever.
Bond series lifecycle — eight stages
Smart contract deployed. KYC whitelist opens. Public bond sale. MARGOT gate enforced. Funds held in escrow. 80% threshold required.
80% of funds released to SPV. Vessel purchased within 30 days. Enters service. Revenue smart contract receives charter payments.
Quarterly: 50% net income → yield pool; 25% → BTC reserve; 15% → gold reserve; 10% → buyback fund. Holders elect standard or direct yield.
10% of net income repurchases bonds at €200 and burns them on-chain. Retiring bonds increases per-bond direct yield for remaining holders.
Investor Protection
Unlike a stablecoin requiring 1:1 reserves, $MARGOT's peg is backed by three complementary assets — each with different return profiles, correlations, and inflation properties. Together they deliver appreciation that beats fiat currency decay over a century.
Maritime Asset Value (MAV)
Book value of all DAO vessels ÷ circulating MARGOT. Grows as fleet expands. Real-asset floor. Stable by nature.
Bitcoin (BTC)
Accumulated from 25% of each vessel's quarterly net income. Held in DAO multi-sig cold storage. Historical CAGR ~50% decade 1, modelling 15%+ long-term.
Gold (XAU)
Accumulated from 15% of each vessel's net income. Held as PAXG tokens. ~7% historical CAGR. Non-correlated to BTC. 5,000-year store of value.
MARGOT peg reference formula
Revenue allocation per vessel
Quarterly net income distribution
Six-layer inflation & depreciation defence
The Integration
$MARGOT and Ship-Bonds are wired together into a self-reinforcing growth flywheel. Each rotation grows the ecosystem and strengthens all components simultaneously.
Inspections → $MARGOT
Seafarers conduct ship inspections on any vessel globally and earn $MARGOT. This is the ecosystem's entry point for 1.8 million maritime professionals.
$MARGOT → Bond Access
MARGOT holders gain access to bond purchases. Every new bond series creates structural demand for MARGOT driven by genuine investment desire — not speculation.
Bonds → Ship Acquisition
80% of bond proceeds fund vessel purchase. More bond sales = more vessels — each a real, income-generating asset owned collectively by the community.
Ships → Inspection Work
DAO-owned vessels require PSC inspections, class surveys, ISM audits — all MARGOT mining opportunities. More ships = more PoW events = more miners.
Ships → Charter Revenue
Vessels generate charter income. Net revenue is split: 50% yield pool, 25% BTC, 15% gold, 10% buyback — each allocation serving a distinct ecosystem function.
Revenue → BTC + Gold → Peg
BTC and gold reserves constitute 80% of the MARGOT peg basket, directly strengthening the token's reference price with every vessel operating day.
Revenue → Bond Yields
50% of net income funds bond yields — attracting new bond buyers, who need MARGOT to access bonds, cycling back to step 2 and growing the mining network.
Buybacks → Direct Yield Growth
Each retired bond increases the per-bond direct yield for remaining holders — a loyalty reward that compounds over years and incentivises long-term holding.
Peg Appreciation → Bond Gate Value
As MARGOT peg strengthens, bond access becomes increasingly desirable, driving more demand for MARGOT to reach the 100-token minimum gate.
Halving → Scarcity → Peg Support
Every 4 years, MARGOT emission halves. Reduced supply + growing demand from fleet expansion = structural upward price pressure — mechanically, permanently.
ShipCheckAI is the PoW mining interface for $MARGOT. Any certified officer holding a valid Certificate of Competency (CoC) can earn MARGOT by completing verifiable ship inspections on any commercially operating vessel in the world — not only Maritime DAO ships. The 54,000+ vessel global fleet is the mining pool.
AIS/GPS verified
GPS coordinates matched against AIS vessel position + SHA-256 report hash + 3-oracle validation before MARGOT is released.
Compliance-ready
SOLAS / IMO / class-formatted reports. Fewer PSC detentions. Fewer off-hire penalties. Better ships = higher charter rates.
Stake-to-inspect
Inspectors stake 500 MARGOT as credibility collateral. Slashed for proven fraud — all slashed tokens are permanently burned.
Offline capable
Works at sea, in port, anywhere. Syncs data automatically when connectivity is restored. 12 languages at launch.
Inspection reward table — Epoch 1 (2026–2029)
| Inspection type | Epoch 1 reward | All vessels? |
|---|---|---|
| Pre-Purchase Survey | 1,200 | Yes |
| Classification Survey | 800 | Yes |
| Hull & Machinery Survey | 600 | Yes |
| Port State Control (PSC) | 500 | Yes |
| Environmental / CII Audit | 350 | Yes |
| ISM Code Internal Audit | 300 | Yes |
| ISPS Security Audit | 250 | Yes |
| Cargo / Holds Survey | 200 | Yes |
| Safety Equipment Survey | 180 | Yes |
| STCW Certification Check | 150 | Yes |
All Epoch 1 rewards halve in 2030 (Epoch 2), again in 2034 (Epoch 3), and so on — matching Bitcoin's miner economics. Early participants earn the most tokens; later participants earn fewer tokens against a higher token price supported by the growing fleet peg.
Example: active officer · 2× PSC + 1× Hull survey / month
Emission Schedule
$MARGOT follows a deterministic, immutable emission schedule encoded at genesis — identical in architecture to Bitcoin, but with maritime labour replacing hash power. The schedule cannot be altered without a 75% supermajority constitutional vote and a 30-day timelock.
Total Supply
2,100,000,000
Fixed, mathematically enforced, never changeable. Identical supply cap to Bitcoin's 21M — scaled by ×100 for maritime labor units.
Epoch 1 Emission (now)
262,500,000 / yr
50% of all MARGOT emitted in first 4-year epoch (2026–2029). Early inspectors earn the maximum rewards before first halving in 2030.
By Epoch 8 (2054)
< 0.1%
Annual emission as percentage of total supply. By midpoint, MARGOT is in near-scarcity phase — revenue economy fully dominant over mining economy.
| Epoch | Years | Annual Emission | 4-Year Block | Cumulative | % of 2.1B | Phase |
|---|---|---|---|---|---|---|
| 1 | 2026–2029 | 262,500,000 | 1,050,000,000 | 1,050,000,000 | 50.00% | ← We are here |
| 2 | 2030–2033 | 131,250,000 | 525,000,000 | 1,575,000,000 | 75.00% | 1st Halving |
| 3 | 2034–2037 | 65,625,000 | 262,500,000 | 1,837,500,000 | 87.50% | Dual-income transition |
| 4 | 2038–2041 | 32,812,500 | 131,250,000 | 1,968,750,000 | 93.75% | Revenue emerging |
| 5 | 2042–2045 | 16,406,250 | 65,625,000 | 2,034,375,000 | 96.88% | Revenue dominant |
| 7 | 2050–2053 | 4,101,562 | 16,406,250 | 2,083,593,750 | 99.22% | Fleet economy dominant |
| 8 | 2054–2057 | 2,050,781 | 8,203,125 | 2,091,796,875 | 99.61% | Mining negligible |
| …25 | through 2125 | Decreasing… | … | ~2,100,000,000 | ~100% | Pure scarcity phase |
Investment Calculator
Model your $MARGOT investment across sale tranches and yield election modes to see projected income, peg floor value, and total return.
Your investment
Sale tranche
Yield election mode
Tokens acquired
—
incl. bonus
Effective cost/token
—
vs $1.00 genesis
Total yield income
—
over holding period
Peg floor value
—
at end of period
Total portfolio value
—
income + peg value
Total return
—
annualised
10-year projection
Tranche comparison — same investment over 5 years
| Tranche | Entry | Tokens | Eff. cost | Income | Peg value | Return |
|---|
Projections are illustrative only. Not financial advice. Obtain independent professional advice before investing. Ship-Bond and $MARGOT purchases involve risk including total loss of capital.
Token Economics
84% of all 2.1B $MARGOT is distributed through Proof-of-Work labour — not pre-mined, not airdropped to insiders. The single largest allocation in history to the workers who power an ecosystem.
Deflationary & scarcity mechanics
Halving schedule (primary)
Annual emission halves every 4 years for 25 epochs. By 2030, annual supply growth drops to 131M/yr. By 2054, emission is <0.1% of total supply — structural scarcity regardless of other mechanics.
Bond buyback & burn
10% of every vessel's quarterly net income is used to repurchase bonds at €200 face value. Retired bonds are burned on-chain — permanently reducing supply and increasing per-bond direct yield for remaining holders.
Inspector slashing burns
Inspectors stake 500 MARGOT as credibility collateral. Tokens are partially slashed for failed or fraudulent reports. All slashed tokens are permanently burned — strengthening integrity and supply.
Treasury market buybacks
DAO executes periodic market buybacks from charter revenue surpluses. Purchased tokens are burned — raising the collateralisation ratio of the multi-asset peg and supporting the floor price.
Token Sale
$MARGOT launches at a genesis price of $1.00 USDC in 2026. Early-round participants acquire tokens below genesis at a discount — giving immediate access to the bond gate (100 MARGOT min.) and maximum PoW-era earning power.
Round 1 · Seed
Round 2 · Private
Round 3 · Pre-Sale
Round 4 · Public / Genesis
Sale, deployment & fleet timeline
2024
Foundation
DAO registered · Token designed · Marketplace built · Whitepaper v1
2025
Launch
Series A (LOTOSS) live · ShipCheckAI pilot · DAO governance activated
Q2 2026
Seed Round + Airdrop
Smart contract audit · 21M MARGOT airdrop to 100K seafarers · Series B opens
Q3–Q4 2026
CTV Acquisition
Series B reaches 4,000-bond threshold · CTV acquired · enters offshore wind charter
Q1 2027
TGE · Genesis
Public Sale · Genesis price active · Multi-asset peg live · First yield distributions
2027+
Fleet Growth
Series C–O · 15 bond series · 100-year fleet roadmap · MARGOT on DEX + CEX
100-Year Roadmap
2024 · Complete
Maritime DAO LLC registered in Marshall Islands. RWAmarket.place development begins. $MARGOT token architecture and Ship-Bond model designed. Full ecosystem built. Whitepaper v1 published.
2025 · Complete
Bond Series A (MV LOTOSS) launched — 403 bonds, €80,600 raised. ShipCheckAI pilot launched with maritime inspectors. DAO governance activated. First CEX listing. Whitepaper v3.0 published.
2026–2027 · Phase 1 Genesis
Seed Round and Private Pre-Sale open. 21M MARGOT genesis airdrop to 100,000 verified seafarers. ShipCheckAI mobile app launched (12 languages, AIS integration). Series B (CTV) acquired upon reaching 4,000-bond threshold. First quarterly yield payments distributed. MARGOT listed on Uniswap + SushiSwap. DLT Pilot Regime application filed.
2028–2035 · Phase 2 Growth
DLT MTF licence approved (2029). Series E (OSV — €10M) launched. First MARGOT Halving: 262.5M → 131.25M annual (2030). Fleet reaches 10+ vessels; €50M+ bonds outstanding. MiCA CASP licence granted (2033). MiFID II Investment Firm authorisation (2034). Fleet: 15+ vessels; €150M+ bonds; BTC reserve: €5M+; MARGOT: $5–15 range (2035).
2036–2060 · Phase 3 Maturity
Epoch 4 halving (2040) — emission now 32.8M/year. Series J (Aframax Tanker — €70M). Fleet: 35+ vessels; annual revenue €50–150M. Series L (Small LNG — €200M). Fleet: 80+ vessels. Bond yields fully self-sustaining from charter revenue. Revenue economy complete. MARGOT price $80–200+.
2061–2126 · Phase 4 Legacy
Fleet surpasses 300 vessels (2075). Centenary: Series O (Mega-Consortium ×5 — €500M+); 1,000+ vessels; €8B+ fleet value (2100). Final MARGOT epoch (25) — essentially all 2.1B MARGOT mined; pure scarcity phase begins (2125). Maritime DAO enters its second century.
Maritime DAO · Team & Investors
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