$MPLX Token Rights
Updated May 19, 2026Overview
- Token(s)
- MPLX
- Token Type
- Governance
- Utility
- N/A
MPLX is the governance token of Metaplex, giving holders governance power over the DAO treasury and protocol development
Governance Rights
ControlMPLX holders have governance power over the DAO treasury and guide protocol development
Governance Decisions
MPLX tokens give holders the right to vote on protocol development (including upgrades & deployment), MPLX utility roadmap and protocol ownership
Treasury Decisions
MPLX tokens give holders the right to govern the DAO treasury
Revenue Decisions
MPLX holders are not entitled to cash flows generated by the Metaplex Protocol
Fee Switch
ON50% of protocol revenue is used to buy back MPLX on the open market for the DAO treasury
Resources
Primary Value Accrual
BuybacksValue Accrues through buybacks
Equity Statement
No equity entity accrues value from Metaplex protocol or has rights to any future cash flow. All revenue flows to Metaplex Foundation. MPLX holders are not entitled to any underlying claims on the assets, economic rights or cash flows generated by the Metaplex Protocol
Economic Rights
Value CaptureAll protocol revenue flows to Metaplex Foundation, every month 50% is converted to MPLX & contributed to DAO Treasury
Buybacks
Dividends
N/ANo dividend or revenue distribution is currently active
Burns
N/ANo burn mechanism is currently active
Ownership
- Fundraising
- Token Sale
- Equity Revenue Capture
- No
- Associated Entities
- FoundationDAO