# Token MEFI

## Initial exchange rate of MEFI

MetaFinance platform token and governance token: MEFI

* Initial exchange rate of Swap: 4,000 USDT / 4,000,000 MEFI 
* The initial liquidity pool LP-token vouchers provided are punched into Blackhole address for permanent destruction. 
*  Initial market value: $0.001

## MEFI token contract

In the MetaFinance DeFi integrated system, all MEFI tokens are created through user minting and are redeemed and destroyed. 

Users participate in the minting of MEFI tokens and all those tokens are minted by over-collateralization of USDTs in the aggregate orders participated by the users. 

Tokens are created by "MEFI Token Blind Box Minting" with different probabilities and quantities. 

Users use the stablecoin USDT to mint MEFI tokens with a steady value increase.

* [x] Issuance mechanism: Created by minting through the network-wide order aggregation, three-person automatic PK for opening token blind boxes
* [x] All MEFI tokens are destroyed.
* [x] There is no slippage for transfer between users.
* [x] The slippage for transfer between contracts is 10%.
* [x] There is no slippage deducted by setting up through the MetaFinance platform Dapp and exiting from Swap's LP liquidity pool.

## Swap Trading Fee

The MEFI Swap trading fee is 10% and the user's buying and selling slippages are both 10%.

**Distribution method of 10% Swap trading fee:**

<figure><img src="https://3726807259-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F8mFmMIfbgkTj5HyMxGg9%2Fuploads%2F1ndwqtrUUkNRtuURfGux%2F20220901100312.png?alt=media&#x26;token=949c62d9-8511-4581-b0df-84d3fb5b4ab0" alt=""><figcaption></figcaption></figure>

## NFT Trading Market and Trading Fee

The MetaFinance platform Dapp is embedded with the NFT trading market function to facilitate users to trade NFT game prop cards.

* Trading method: Trading by listing&#x20;
* Payment method: MEFI token&#x20;
* NFT trading fee: 5%

**Distribution method of 5% trading fee:**

<figure><img src="https://3726807259-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F8mFmMIfbgkTj5HyMxGg9%2Fuploads%2FEYh0Q7tqKMK3Dqngsuxt%2F20220901100733.png?alt=media&#x26;token=fad96e1a-ae6f-450b-949d-e837708f1771" alt=""><figcaption></figcaption></figure>