Last updated
Last updated
MEF token will utilize the dual-token structure, which combines utility and governance constituting extra benefits for founders and long-term token holders.
The two-token structure will allow to secure the capital needed to launch the ecosystem, offer a comprehensive set of benefits and create a better user experience, including evolving functionalities and upgrades for end-users and stakeholders.
The MEF token distribution will be as follows:
The total supply of MEF tokens is set at 1 billion, with the following allocation:
Pre-sales (5%):
The allocation of 5% of the total token supply to pre-sales serves as a critical component in bootstrapping the MEFLEX platform. Early supporters, investors, and contributors play a pivotal role in providing the initial capital required for platform development.
Teams, Partners, and Advisors (10%):
Allocating 10% of the tokens to the core development team, strategic partners, and advisors is essential for attracting and retaining top talent in the blockchain and Metaverse space. These individuals and organizations will provide the necessary expertise, guidance, and resources needed to ensure the project's success. This allocation acts as an incentive for long-term commitment and collaboration.
Private Sales (5%):
Tokens allocated for private sales will be used as a means to raise initial capital for the project's development and operations. By selling tokens to private investors, the project will secure funding to hire a development team, build a robust infrastructure, and cover initial operating costs.
Reward Pool (50%):
Community engagement is crucial for the growth and sustainability of the MEFLEX platform. By allocating 50% of the tokens ( the biggest share of tokens) to community rewards, the project encourages active participation and contributions from its user base. This creates a vibrant ecosystem and helps spread awareness as engaged users become advocates and early ambassadors for the platform.
Vote2Earn philosophy ensures that users will earn rewards that align precisely with their active involvement in the MEFLEX platform and real-time voting, including engagement in fashion contests, polls, surveys, and questionnaires. Furthermore, participants’ incentives will be intricately tied to their ownership of MEF tokens, residing directly within their digital wallets. This synergy ensures that the more actively engaged users are within the web3 AI-powered fashion ecosystem of MEFLEX, the more their rewards reflect commitment and token holdings.
Marketing (10%):
Building a strong brand presence is essential for attracting new users and partners. Allocating 10% of the tokens to marketing activities allows the project to execute effective marketing campaigns, partnerships, and promotional events. This ensures that the platform gains the attention it needs to thrive in a competitive market and has a potential for Global expansion through regional and international collaborations.
Ecosystem (20%):
This substantial commitment underscores the project's focus on delivering a feature-rich and sustainable platform. It will fund the creation of key components like the NFT marketplace, luxury mall, art select shop, and social platform, ensuring the platform's attractiveness and functionality. Ongoing maintenance, improvements, and innovation are also funded through this allocation.
In summary, this token distribution strategy is designed to balance short-term needs, like early funding and community engagement, with long-term sustainability and development. It reflects a well-thought-out plan to allocate resources where they are most needed to achieve the project's vision of creating a comprehensive lifestyle platform that combines NFT, Metaverse, and luxury brand transactions. Additionally, the commitment to transparency and community involvement ensures that stakeholders have a say in shaping the project's future.
The dual-token economy will allow to secure the capital needed to launch the Spoker Island ecosystem, offer comprehensive vesting mechanisms to the founding team, and create a better user experience, including evolving functionalities and upgrades for end-users and founders. This will allow to conduct fundraising activities without sacrificing utility or losing control of our company’s vision and roadmap.
Token Attributes:
According to the platform’s protocol, the main attributes of the MEF tokens are:
Limited Supply for Rarity and Scarcity: The project is characterized by a meticulously designed tokenomics strategy that centers around the principle of a limited supply. Specifically, we have committed to minting and distributing only 50,000,000 tokens to TGE/Mint participants. This approach is pivotal in ensuring the rarity and scarcity of each type of token we offer. By limiting the initial token supply, we lay the foundation for a thriving ecosystem where these tokens will gain value over time. As our platform grows and evolves, the limited token supply becomes an essential factor in driving future demand. Users will recognize the value of holding a token that is genuinely scarce, making them more eager to participate in our ecosystem, and this increasing demand will, in turn, bolster the token's value.
Fair Launch for All: We are steadfast in our commitment to a fair and equitable launch for our project. Price equality and equal access are non-negotiable principles we uphold. To guarantee this fairness, we have opted for a one-stage sale, devoid of subsequent rounds of sales, ensuring that all our tokens are made available to the general audience. We take pride in stating that no special access or status discounts will be offered to anyone, irrespective of their capital representation or investor status. Our primary objective is to provide equal opportunities for all, ensuring that every interested party has an equal chance to purchase MEF tokens and be part of our project's journey.
Token Burns to Reduce Supply: To further bolster the value of MEF tokens, we have implemented a token burn protocol. This mechanism will permanently remove unsold MEF tokens after the presale phase. By reducing the supply of coins in circulation, we create a fundamental dynamic that supports the token's price. As the remaining tokens become scarcer, their intrinsic value is more likely to be appreciated, providing a solid foundation for long-term growth and sustainability.
Vesting Period for Stability: A crucial element of our strategy is the introduction of a vesting period for team members and stakeholders. This move aims to fortify the position of MEF tokens in the market while mitigating the risk of price decreases. By aligning the interests of our team and stakeholders with the long-term success of the project, we foster stability and a commitment to the project's growth and prosperity.
Founding Members (4-Year Vesting with 1-Year Cliff):
Core Team (3-Year Vesting with 1-Year Cliff):
Advisors (2-Year Vesting with 6-Month Cliff):
Early Investors (2-Year Vesting with 6-Month Cliff):
Continuous Locks:
Here's a simple table summarizing the token schedules and locks for your project:
