Change is on the way.
With the recent update, we are sharing some significant changes in the total supply of MTC:
As part of the new update, we are directly burning 7 billion MTC out of the total supply of 10 billion coins. Through deflationary evaluations, our aim is to strengthen the Metatime ecosystem and support new projects with the strength of this tokenomics.
The total supply of 3 billion MTCs will be reduced to 2 billion MTCs through burn campaigns. The distribution of MTC on MetaChain pools is as follows:
Metatime Coin will be burned regularly with three different burning mechanisms; Auto-Burn, Fee-Burn, and Strategic Burn.
All users who participate in and complete the tasks in the MetaAirdrop event will earn Metatime Coin!
Use Metatime Coin for all products in the Metatime ecosystem and benefit from the advantages!
This pool includes all coins, including those acquired through pre-sale processes, distributed via Airdrop, or earned through Staking.
Metatime Coins reserved for centralized and decentralized exchange listings for liquidity are part of this pool.
Metatime Coins reserved for Proof of Meta(PoM) miners through the consensus mechanism of MetaChain are included in the miner pool.
Users contributing to the Metatime ecosystem will have gains through the reward pool. These will be distributed with a linear vesting schedule after a 6-month cliff, spanning 1000 days.
Representing 300 million MTCs, these Metatime Coins will have linear distribution over 1000 days following a 12-month cliff.
This pool, totaling 1.5 billion coins, has been updated to support both burning strategies and strategic actions for the development of the ecosystem.
Burning
At least 1 billion MTC from this pool will be burned in burning campaigns with in 2024.
Strategic Actions
Remaining 500 million MTC is allocated to encourage the participation of new institutional investors in the project and to support projects developed within the Metatime ecosystem.
Metatime Coin's maximum supply is capped at 3 billion coins and cannot be increased. Within this limit, an additional 1 billion coins will be burned over time, reducing the total supply through various burn campaigns to 2 billion MTC. The breakdown of this 2 billion is as shown above. Apart from the 600 million liquidity pool, the remaining 1.4 billion circulating supply will be unlocked over 12 months and 1000 days. The timeline projection can be referenced using the graph above for timing considerations.
The strategic pool, which we have redefined in the new MTC token economy, has a total supply of 1.5 billion. Within this pool, 1 billion coins will be burned in burning campaigns. The remaining 500 million MTC will be allocated for various strategic actions. For instance, this amount will be utilized for the purchase of MTC by new institutional investors or for the use of applications developed by users within the Metatime ecosystem. Developments regarding the utilization of this pool will be announced through our social media accounts. The primary goal of this pool is to enrich the Metatime ecosystem by facilitating new institutional investments and supporting the development of new applications.
In the token economy of Metatime Coin, we have implemented deflationary actions. In this new token economy, we conducted a direct burn for 7 billion coins out of the total supply of 10 billion. Remaining 3 billion in supply will be decreased over time, with 1 billion coins subject to burning campaigns. These campaigns will be announced through our social media channels, and burns will occur based on both social media engagement and surpassing specific price thresholds. Stay tuned to our social media accounts for announcements!
Relevant details can be seen in the Circulating Supply table shared above. The total supply of the items visualized here will be 1.4 billion. The 600 million MTCs allocated in the liquidity pool will be transferred to exchange accounts for market-making activities as the need for liquidity increases in the exchanges. These coins will be used exclusively for market making.