Tokenomics
Last updated
Last updated
Metatime Coin is the native token of MetaChain. While the initial supply of this coin was announced to be at the 10 billion level, during the launch process of the Metachain Mainnet, we assessed market needs and implemented a deflationary update in the Metatime Coin (MTC) tokenomics structure.
Burn and strategic use. At least 1B MTCs will be burned
Market making and liquidity providing
6 months cliff, 1000 days vesting
12 months cliff, 1000 days vesting
Investor coins acquired through pre-sale, airdrop and staking
6 months cliff, 1000 days vesting
All circulating coins, including those purchased during pre-sales, distributed through Airdrop, or earned through Stake, are included in this pool. All coins not yet in circulation but under the control of investors are defined in this pool.
MetatimeCoin (MTC) allocated for listing processes on centralized and decentralized exchanges, and for healthy price formation in markets, resides in the liquidity pool. These coins will primarily be used on exchanges where MetatimeCoin is listed. They will also be used for Market Making activities on centralized or decentralized exchanges developed by Metatime.
MetatimeCoin allocated for distribution to Proof of Meta (PoM) miners in the MetaChain consensus mechanism resides in the miner pool. After a 6-month cliff, these coins will be released with a 1000-day linear vesting period.
MetatimeCoin allocated for distribution to users contributing to the Metatime ecosystem resides in the reward pool. After a 6-month cliff, these coins will be released with a 1000-day linear vesting period.
This pool of 1.5 billion coins has been updated to provide both burning strategies and strategic actions for the development of the ecosystem.
At least 1 billion coins from this pool will be burned in burning campaigns within the next year, announced through our social media and executed with your support based on interaction numbers and specific price thresholds.
The remaining 500 million MetatimeCoin in this pool is allocated to encourage the entry of new corporate investors parallel to the development of the Metatime ecosystem. It will also be used to fund and facilitate the development of other projects initiated by our community.
Representing 300 million MTC, these MetatimeCoins will be released in equal distributions over 1000 days after a 12-month cliff.