Token MEFI Rules
Operation mechanism of steady value increase of MEFI tokens
Last updated
Operation mechanism of steady value increase of MEFI tokens
Last updated
1.The over-collateralization and "bubble-free" minting mechanism is adopted and all MEFI tokes are minted by the users in a mode of opening blind boxes.
2.Users use the stablecoin 100 USDTs to participate in "network-wide order aggregation, PK by three persons by automatic grouping, generation of MEFI tokens different probabilities and quantities by minting tokens in a blind box manner", of which 5 USDTs are over-collateralized into the USDT pricing contract pool, making the "numerator" is always greater than the "denominator" in the algorithm formula. When the aggregated orders of users continue to increase, the market value of MEFI shows a steady increase.
nWhen the user sells the MEFI tokens at the current price on the MetaFinance platform system, the user redeems 90% of the USDT,10% of USDT flows back into the contract pricing pool, and 100% of MEFI tokens are destroyed after redemption.
1.When the user redeems the USDT, 10% of USDT in the income flows back into the USDT contract pricing pool, and the "numerator" increases.
2.When the user redeems the USDT, 100% of the MEFI tokens redeemed by the user are destroyed and the "denominator" decreases.
3.That is, when the user redeems the USDT, the "numerator" in the algorithm formula continuously increases, while the "denominator" continuously decreases, the total circulation volume of the MEFI is relatively small, and the market value of the MEFI presents rapid growth logic.
1. In the multielement ecological circulation system of MetaFinance,the mechanism with multiple "strong deflation destruction" is cleverly designed, so that the total MEFI token circulation continues to decrease and deflation destruction is triggered by the participation of users.
2.In the MetaFinance platform system, under the circumstance of reduction in new users and aggregate orders and in the mechanism with multiple "strong deflation destruction", the on-chain behavior of only existing participating users will also make the total MEFI circulation continue to decrease.
Destruction mechanism and path:
1.100% is destroyed directly when a user redeems the USDTs at the platform's current MEFI value.
2.4% of the Swap trading fee on the decentralized exchange is destroyed directly.
3.Mechanism for the destruction of MEFI tokens as the invitation reward: When there is no superior recommender or the superior recommender participates in Hand game PK less than five times, the redundant MEFI tokens for rewards will be directly destroyed.
4.The MEFI token destruction mechanism when receiving the invitation reward: Only 70% invitation reward can be received and 30% of the invitation rewards should be given to the superior recommender. The MEFI tokens of 30% reward are directly destroyed if there is no superior recommender.
5.MEFI token destruction mechanism when receiving the MetaFinance-NFT benefits and rewards: Only 80% of NFT interests and rewards can be received and the rest 20% should be given to the superior recommender holding NFT. 20% will be directly destroyed if there is no superior recommender.
6.When a user participates in NFT prop card pledge mining, the system forces MEFI tokens to be sold (and destroyed) according to the current price of MEFI each time the user withdraws the income, and the user obtains the stablecoin USDTs.
7.The MEFI tokens consumed when activating the NFT prop card for "card collection mining" are directly destroyed.
