MetaVerse-M Token
$M is a native token of MetaVerse-M Yield Network. It is a utility and governance token, which gives token holders a right to participate in the network, govern the network and earn token rewards by staking.
Token info
- Ticker: $M
- Token Type: Bep20
- Launch Date: 1 April 2022
- Exchanges: PancakeSwap, Uniswap, SushiSwap, Exbitron, TxBit and own DEX
- Total Supply: 10.000.000 $M
- Circulating Supply: 6.591.000 $M
- Contract Address: 0x558ad2b02cE979Ca54F88206ED8597c8c740774e
- Burn Address: 0x000000000000000000000000000000000000dead
Exchange addresses M-BNB pool/pair
- PanCakeSwap: 0x4e4A05F79F13e762805e83422E101bFB848b01f2
- Txbit.io: https://txbit.io/Trade/M/USDT
- Exbitron: https://www.exbitron.com/trading/musdt
Distribution
The token is distributed across a number of segments to enable development, organic growth and promotions.
$M Token forecast
Expected $M Token Distribution will complete in 60 Months via farm yield rewards. We initially minted 10 Million tokens when we launched. We decided to change our distribution model and burned 5,322,301 tokens.
There is currently 6,654,102 tokens in the hands of users and the team. We will allow another 3,446,000 tokens to be minted via farm rewards. This process is slow and will complete over 60 months. There after minting will stop capping the supply at 10 Million Tokens
So how do we turn deflationary?
Once the full 10 Million supply is reached we presume people would no longer yield farm for M rewards. The 4% current(adjustable) burn fee will exceed the rewards. To keep the system turning deflationary we will incentivize our users with other rewards from our eco system, ie NFTs and Exchange Token Rewards.
They will continue to stake and yield farm to earn those rewards. So in essence the system will keep burning those fees turning back the clock from 10 Million
This model can be adjusted via our governance systems as the people decide. We can scale to accommodate future decisions.
Token Allocation
Token rules below apply to the different wallets and holders.
| Token Holders | Token Amount | Token Allocation | Locked |
|---|---|---|---|
| Contributors | 500,000 | 5.00% | 2 months locked |
| Team Allocation | 1,000,000 | 10.00% | 6 months locked |
| Marketing Advisors | 500,000 | 5.00% | 3 months locked |
| Operations | 1,000,000 | 10.00% | n/a |
| Airdrops | 500,000 | 5.00% | n/a |
| Community | 6,500,000 | 65% | n/a |