Our ERC20 token, $MEG, lies at the heart of our ecosystem, serving as a medium of exchange and a representation of value within our platform. The following are key aspects of our tokenomics:
- 1.Token Supply:
- Total Supply: 30,000,000 $MEG
- Initial Circulating Supply: 16,600,000 $MEG
- 2.Token Distribution:
- Presale Allocation: During the presale phase, 46,39% (7.7M) of the initial Circulating supply will be available for purchase. This allocation is designed to provide early supporters with an opportunity to acquire $MEG at a discounted rate, incentivizing their participation in the project.
- Team and Advisors: 9,63% (~1.6M) of the initial Circulating supply will be allocated to the project team and advisors, aligning their interests with the long-term success and growth of the project. A vesting period of 6 months will be implemented to ensure a responsible and gradual release of tokens.
- Liquidity Pool: 43,98% (7.3M) of the initial Circulating supply will be allocated to the LP:
- The liquidity pool benefits the token ecosystem in several ways:
- 1.Trading Availability: By providing liquidity, the pool ensures that the token can be traded immediately after the presale, allowing users to buy and sell the token on DEXs.
- 2.Price Stability: The liquidity pool helps maintain price stability by reducing the impact of large buy or sell orders. The pool's reserves absorb the trading volume, preventing significant price fluctuations.
- 3.Market Depth: A well-funded liquidity pool improves market depth, making it easier for traders to execute large orders without causing substantial price slippage.
- 4.Incentives: Some liquidity pools offer rewards, such as trading fees or project-specific tokens, to liquidity providers. This encourages users to provide liquidity to the pool, enhancing its size and usability.
- Community and Partnerships: 44,67% (13.4M) of the total token supply will be reserved for community development, airdrop partnerships and ecosystem growth. These tokens will be used through an NFT staking mecanism (gen1) to foster collaborations, incentivize users, and fuel the expansion of our platform.
- 3.Deflationary Token Model:
- Token burning contributes to the deflationary nature of the token model by reducing the total supply. When tokens are burned, the reward distribution mechanism can be designed to increase the rewards given to stakers.
- To determine the specific statistics and parameters of our model, we would need to consider factors such as the rate at which tokens are burned, the proportion of burned tokens allocated as staking rewards, the duration of staking periods, and the relationship between token burning and reward increase. Analyzing these parameters, conducting simulations, and potentially performing economic modeling can help estimate the impact of the token burning and NFT staking mechanism on the token's deflationary nature, reward distribution, and overall token economics.
- $MEG is an Ethereum-based token that competes with others deflationary tokens, with a 30 million token supply and a 2% burn rate (2% of the tokens traded in each transaction of will be burned). The process of burning tokens will come to a halt after 5 years.
- $MEG NFT staking reward will double each semester during 5 years, the initial reward per unit time is equal to "0.001$MEG" (unit time = 60 min.)
- 4.Token Utility:
- Payment Method: $MEG will serve as a native currency within our platform, enabling users to pay for goods, services, and access platform features such as internal marketplace, where holders will be able to purchase digital and physical items.
- Moreover, only $MEG holders will be able to mint the pass to get the gen2 Meg4mint NFTs collection, this exclusible collection will be a set of physical cards (like pokemon) that are tokenized on the blockchain.
- Rewards and Incentives: $MEG holders will be eligible for various rewards and incentives, encouraging active participation and engagement within the platform.