MSP will be built on the Ethereum platform as an ERC20 token. There will be a total supply of 200,000,000 MSP. MSP serves as a core part of Mothership, and is required for: Access to Premium and Platinum account tiers, the Mothership app platform layer, Community curation and insight rewards, Access to Mothership beta products, Mothership reputation management

Mothership says they will repurchase MSP on the free market using 20% of fees from Mothership products. The repurchased MSP will be permanently destroyed until 50% of the supply is destroyed.

70% of MSP tokens will be available for purchase in this fundraising round. 20% of MSP tokens are reserved for purchase by our Strategic Investors. 5% of MSP tokens will be earned through the Mothership Referral program in this fundraising round. 5% of MSP tokens will be reserved for the team and advisers.

1,436 unique addresses purchased MSP and 1,224 of these addresses participated in the referral program. Approximately $5.1 Million was raised in Ethereum.