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Friday, 16 February 2024 - Monday, 19 February 2024

MetatimeCoin (MTC) New Tokenomics Details

You can read the new tokenomics details and developments of MetatimeCoin through this content.

MetatimeCoin (MTC) is the native token used on the MetaChain. While the initial announced supply of this coin was 10 billion, we have assessed market needs during the MetaChain MainNet launch process and implemented a deflationary update in the MetatimeCoin (MTC) tokenomics.

With the new update, we share some significant changes in the total MTC supply:

  • Within the total supply of 10 billion coins, we are directly burning 7 billion MTC tokens. Through deflationary valuations, we aim to strengthen the Metatime ecosystem and support new projects with this reduction.
  • The new total supply will be reduced by around 2 billion through burning campaigns. The distribution of MTC on the MetaChain is as follows:

    • 200 Million Investor Pool: 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.
    • 600 Million Liquidity 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.
    • 350 Million Miner Pool: 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.
    • 50 Million Reward Pool: 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.
    • 1.5 Billion Strategic Pool: This pool of 1.5 billion coins has been updated to provide both burning strategies and strategic actions for the development of the ecosystem.
      • Burning: 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.
      • Strategic Actions: 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.
    • 300 Million Team Pool: Representing 300 million MTC, these MetatimeCoins will be released in equal distributions over 1000 days after a 12-month cliff.
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