# Techno Capital Machine
The term Techno Capital Machine is inspired by renowned philosopher [Beff Jezos](https://twitter.com/BasedBeffJezos) and has been first implemented by the Morpheus community to revolutionize how developers are rewarded for their software. The model well validated during the Morpheus Fair Launch, with over $200 Million USD of stETH (Lido Staked Ethereum) Contributed in the first 10 days and over $500 million in the following months.
The Morpheus community is leveraging this framework to accelerate open source development of the protocol.
**The Techno Capital Machine is tokenomics engine that allows developers to fund development and start off open source decentralized projects as Fair Launch.** \
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More specifically, users deposit yield bearing assets directly into smart contract that utilizes generated yield for creation of Protocol-Owned Liquidity and reward capital providers with native tokens of a project pro rate to their shares in the total deposited pool.
This design simplifies the creation of native tokens, ensures consistent demand for them, and strengthens the essential ecosystem liquidity. It makes it easier for all users to buy or sell native tokens at scale, supporting long-term project development through Protocol-Owned Liquidity and a fair price discovery mechanism.
#### Benefits of the Techno Capital Machine include:
1. Easy to create a fair launch native token to power an open source project.
2. Permissionless as its jurisdiction agnostic, no company needed.
3. The user maintains custody of their principle in the yield producing asset.
4. The yield contributed daily creates a sustainable demand for the native token.
5. The yield contributed daily grows the liquidity of the AMM over time.
6. Holders of the native token can add additional functionality to their Smart Agent.
7. Creators of the native token can get liquidity for the token they earn.
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