BACKGROUND
In the future, through countless generations of efforts, mankind will finally turn the great dream of “Dyson Ball” into reality, and the energy crisis that plagued human society will be resolved. Human beings simulate real space and time with the supercomputer “droplets” as the core, and synchronize the laws of the universe and human consciousness to the virtual world. The virtual world is like the universe evolving from a singularity, and finally upgraded to a virtual universe that connects all life consciousness. Humans named the virtual universe “Metaverse”. The operation of “Metaverse” requires powerful computing power and energy, and the computing power of “droplets” has gradually reached its limit, which requires the construction of more energy supplies. To this end, the “Metaverse” Management Federation started a project code-named “Metaverse Miner”. It aims to encourage adventurous explorers to explore a wider range of galaxies, use terminal control machines to obtain various primal energies in unfamiliar galaxies, and link “Metaverse” to every human planet through the interstellar logistics network.
Ecosystem
Metaverse Miner ecosystem is built from three assets: $META tokens, Planet NFT and Miner NFT as the cornerstone. The $META token is the payment and equity token of the Metaverse Miner ecosystem, with a maximum supply of only 21 million. All planet NFT auctions must be paid for by bidding with $META. Also, $META will be used for community governance, as well as for the development of the new Metaverse Miner ecosystem value. Planet NFT is a highly rare core asset of the Metaverse Miner ecosystem. Planet NFT can generate a certain number of Miner NFT in a given cycle, and the mining behavior of Miner NFT must also be associated with the corresponding planet NFT. The holder of a planet NFT not only receives earnings from the sale of miners, but also receives a portion of the mining operation fees and a share of the mining output paid by the holder of the Miner NFT. Miner NFT is the main solution for the Metaverse Miner ecosystem to achieve $META token distribution and value capture. 70% of the total $META will have staked by Miner NFT for release.
$META Token
● Total Supply: 21 million
● Ticker: META
● Decimals: 18
Distribution
● Mining: 14.7 million (70%), distribution of Miner NFT Staking.
● Private Round: 2.1 million (10%), the private round portion is unlocked in 5 tranches: 50% at launch, 20% at 3rd month, 15% at 6th month, 10% at 9th month, and 5% at 12th month. Except for the first unlocked 50% whichcan be circulated, the remaining 4 tranches of unlocked $META tokens can only be used to participate in the Planet NFT auction.
● Team: 2.1 million (10%), unlocked proportionally with mining.
● Eco-fund: 1.05 million (5%), to support of ecological construction such as initial liquidity, community collaboration, etc.
● Staking Rewards: 1.05 million (5%), rewarding for staking based on weight of the staking time.
Token Features
● Deflation mechanism: $META tokens have a multi-dimensional burning destruction. $META will enter a deflationary cycle when the amount of destruction exceeds the new circulation mined in the same period. The scenarios that trigger the destruction of $META tokens included: o Planet NFT Auction: 80% of the $META tokens paid for by the auction will be directly burned. o Miner NFT Sale: 60% of the $USDT tokens received from the first sale of Miner NFT will be purchased directly in the marketplace and destroyed for $META tokens. o Miner NFT Mining Management Costs: 30% of the operating costs ($USDT) paid by Miner NFT when staking will be taken to purchase $META tokens in the marketplace and burned.
● Incremental liquidity mechanism: During the development of the Metaverse Miner ecosystem, the depth of DEX liquidity of $META tokens will be continuously enhanced through the following segments. o 20% of the revenue generated from the sale of Miner NFT will be used to purchase $META on DEX and add liquidity to the META-USDT trading pair.o 30% of the cost of maintaining the “energy value” ($USDT) paid by Miner NFT holders to participate in mining will also be used to purchase $META at DEX and add META-USDT pair liquidity.
● Sell Penalty + Buy Incentive: When a $META holder sells or transfers $META tokens, 10% of the transfer amount will be taken as a penalty. The penalty is allocated according to the following mechanism. o 30% of the penalty is directly burned and destroyed. o 30% is used to purchase $META in the market and add liquidity to META-USDT trading pairs. o 40% as an additional reward for users who buy $META during that cycle (every 30 minutes).
Planet NFT
Planet NFT is a highly core and rare asset in the Metaverse Miner ecosystem. Planet NFT can generate a certain number of Miner NFT in a specific cycle, and the mining behavior of Miner NFT must also be associated with the corresponding Planet NFT. The holder of a Planet NFT not only receives revenue from the sale of Miner NFT, but also receives a portion of the mining operation fees and a share of the mining output paid by the Miner NFT holder. Each Planet NFT consists of a number of “mining areas”. Each “mining area” has the same capacity limit (50) and output capacity of Miner NFT. The Planet NFT can rent out the “Mining Zones”. The rental party will share a portion of the revenue generated by the mining area with the Planet NFT holder. Planet NFT have level attributes. At the beginning of the launch, 5 levels will be opened, from low to high: Planet, Star, Twin Star, Triple
Star and Trinity Star. Different levels of planets, with different arithmeticcoefficient, Miner NFT capacity limit, Miner NFT output efficiency and “energy value” revenue sharing ratio and other attributes. Planet NFT can earn “ Points ” by continuously contributing to Metaverse Miner’s ecosystem development. Once a certain amount of points has been accumulated and the necessary upgrade conditions have been met, the level of the Planet NFT held can be changed by means of upgrade.
Planet NFT Main Features
● Scarcity: Planet NFT can only be obtained by auction. The auctions will be conducted in different phases, with a long interval between each auction. Compared to Miner NFT that can be continuously produced and released, the supply of Planet NFT is fixed for a period of time and has a high scarcity. ● Multi-dimensional value capture: Planet NFT holders can capture revenue in multiple segments such as Miner NFT sales, miner staking and mining rewards. o Planet NFT holders will get 20% of the first sale of Miner NFT, and the subsequent re-trading center of that Miner NFT also can get 10% of the share. o Miner NFT holders participate in mining paid for the operation and maintenance costs, the Planet NFT holders can also get up to 20% share.o 5% of the final $META reward earned by the Miner NFT mining also goes to the Planet NFT owner. *Note: Planet NFT has no maximum minting limit and is not transferable for secondary circulation.
Miner NFT
Miner NFT is the primary means by which the Metaverse Miner ecosystem achieves $META token distribution and value capture. 70% of the total $META tokens will be released by staking of Miner NFT.
There are five types of Miner NFT, which are generated through a blind box mechanism based on a certain probability. Each different type of Miner NFT has different arithmetic power and mining energy consumption parameters
Key Attributes
● Ongoing operations: holders of Miner NFT need to invest a certain amount of $USDT as a pledge to mine for $META tokens as an operating cost. The holder can sell it on the DEX platform after receiving the $META token reward, and then buy more Miner NFT to expand their earning capacity.
● Liquidity: As a digital asset of the holder, the Miner NFT has the property of being tradable and transferable. Along with the continuous maturity of XYZ ecology and the increase of $META token market value, Miner NFT, as an operational asset, can achieve value discovery through the secondary market.
● Expandability: The iteration of Miner NFT is an important foothold for the development of the XYZ ecosystem. Around the “arithmetic” attribute of Miner NFT, it will continue to iterate on various models such as combined miners and miner upgrades.
Key Scenes & Parameters
1. Planet NFT auction
Planet NFT is sold by a ladder offer unified final sale price auction mechanism. The auction mechanism is based on the lowest starting price for each participant during the auction cycle, and each participant bids according to the price they are willing to pay. After the auction cycle (24 hours) ends, all bids will be sorted from highest to lowest, and the top N bidders (the maximum N does not exceed the maximum available amount for the round) will finally receive the planet NFT, and the actual price of all successful bidders will be sold at the amount of the weighted average of the available amount of the Nth bidder's bids downward. In other words, the actual purchase cost of all successful bidders to the planet NFT is the same. Initial public auction (completed before mining launch)
Examples
1. Suppose the first auction has a total of 1000 bidders, and 200 bids are higher than 3000 $META, then 200 people will ended up with 1500*50/200 + 2000*75/200 + 2500*50/200 + 3000*25/200 = 2125 $META.
2. Suppose 1000 people participate in the first round, and the bidder in 175th place bids 2800. In this case, only 175 Planet NFT will be sold, the bidders in 176th place and later will not get Planet NFT. The price for all successful bidders is: 1500*50/175 + 2000*75/175 + 2500*50/175 = 2000 $META
Note: Each auction lasts for a period of 24 hours.
Starting from the fifth week of the project launch (Mining start), a public auction will be held once a week. Each auction will release up to 40 PlanetNFT. The auction mechanism is the same as the initial auction mechanism, except for differences in slot pricing and the number of available sales.
The specific parameters are as follows:
Subsequent public auctions
*Note: 'N' is the final bid price of the previous auction round.
2. Miner NFT selling
Miner NFT selling is achieved through blind box pricing. Each Miner NFT blind box is priced at $USDT and the pricing format is as follows:
Pi = 2 * AP(PMETA)
*Note: AP(PMETA) is the average of the $META token price for the previous 20 times of Miner NFT sales.
The initial number of blind miner boxes available for sale per planet is 500. From the following week, each Planet NFT can generate 100 Miner NFT blind boxes per week. Unsold blind boxes for that week will be cleared and the number of blind boxes available for sale will be reset to 100 the following week. The probability of a Miner NFT blind box generating five types of Miners is as follows.
●Blackland Institute: 30%
●Greene Environmental: 30%
●Brooks Industries: 20%
●Ryder Energy: 10%
●Golden Sail Shipping: 10%
3. Miner NFT Mining
A player with a miner NFT can place his Miner NFT on any Planet NFT thatis not full. The Miner NFT consumes a certain amount of "energy value" to participate in mining. When the "Energy Value" drops to 0, the Miner NFT will no longer produce $META token rewards.
a. Mining Cost
Players can get 150 "energy value" for every 1 $USDT paid. The arithmetic power and energy consumption of each of the five types of mining machines are
*Note: Energy values are deducted on a per-block basis, and the above are approximate values after discounting by block.
b. Combined Mining
Additional arithmetic boosts can be obtained by combining Miner NFT in the following ways.
● Each type of miner property contains a random number from “1–7”. Based on this numbering property, combinations of consecutive numbers can be formed. Miners that meet the numbering criteria can be staked on the same planet NFT to generate a power increase. For example, if a player collects Green 1, 2, and 3, then the arithmetic power of these 3 mining machines will be increased by a certain percentage.
● Resonance-promoting relationships exist for different types of miners. The resonance logic is as follows.
o "Blackland Institute" resonates with "Greene Environmental" o "Greene Environmental" resonates with "Brooks Industries"o "Brooks Industries" resonates with "Ryder Energy" o "Ryder Energy" resonates with "Golden Sail Shipping" o "Golden Sail Shipping" resonates with "Blackland Institute"
e.g. The player has 3 mining machines with consecutive numbers of "Green Environmental" and 3 mining machines with consecutive numbers of "Brooks Industries", at this time "Brooks Industries" is resonated by "Green Environmental", and the "Brooks Industries" increase their arithmetic power on top of the consecutive numbers, and then the arithmetic power will be increased by a certain percentage.
c. Mining Revenue
The $META token reward received by each Miner NFT in active status (energy value greater than 0) is distributed based on its share of the network-wide arithmetic power. The release of network-wide mining rewards is divided into a Genesis phase and a Decreasing Cycle phase. The Genesis phase is within 4 weeks of the project launch. After the Genesis phase, the mining rewards will soon enter a 6% Decreasing Cycle phase every 30 days.
4. Rental of Planet Mining Areas
Each Planet NFT contains 20 "mining areas". Each mining area can be rented independently. The owner of a planet NFT can put a mine up for rentat any time. The renter can send a request to the star master where the mine is located. Once the owner confirms the request, the renter will need to pay 10 $META as a deposit to the star master to obtain the lease of the land. The rental period for each "mining site" is 30 days, and if less than 5 NFT are sold on the "mining site" within 30 days, the rental relationship will be automatically terminated and the deposit will not be refunded to the renter. If not, the rental will be automatically renewed for another 30 days, and so on.
The renter of the mining site will receive the following benefits.
● 10% of the first sale amount of the Miner NFT blind box in the mining area (from the 20% share of the planet owner).
● 5% of the "energy value" top-up paid by the Miner NFT mining in the mining area (from the Planet start master's 20% share)
The Planet Owner may not terminate the rental relationship with the renter within 30 days of the start of each rental period; after 30 days, the Planet Owner may terminate the rental relationship with the renter. If the renter sells more than or equal to 30 Miner NFT(Blind Boxes) during the rental period, the planet owner is required to pay the renter 15 $META and refund his deposit upon termination of the rental. If the number of Miner NFT (blind boxes) sold by the renter during the rental period is less than 30, the planet owner will only need to refund the deposit upon termination of the rental.
The renter may terminate the lease at any time. If the renter sells more than or equal to 30 miner NFT during the rental period, the deposit will be refunded in full. If the number of miners sold is less than 30, the deposit will not be refunded and will belong to the planet NFT holder.
5. Planet Upgrade
Planet NFT holders can obtain "point" rewards by completing specific tasks. When the point reward accumulates to a certain amount, the planet NFT level can be upgraded. As mentioned above, different levels of planet NFT have different attributes. The higher the level, the more the attribute gain can bring more benefits to the holder. Based on the different levels, the conditions required to be met for upgrading are as follows.
The ways for players to get points during the launch phase are:
● Planet arithmetic reaches the following values, you can get the corresponding points reward (reward is only issued once per level) o Planet: 1200 power, 400 points o Star: 1500 power, 800 points o Twin star: 1800 power, 2000 points o Triple star: 2400 power, 4000 points
● The top N ranking planets (by planet type) each week will be rewarded with points. o Planet: Top 30 will get 100 points per week o Star: Top 10 will get 150 points per week o Twin star: Top 5 will get 300 points per week o Triple star: Top 3 will get 500 points per week
6. $META Staking Rewards
After the end of Genesis mining, $META token staking rewards will be activated. Users can choose three staking periods: 30 days, 90 days and 180 days.
The weighting of staking rewards for each staking period are:
● 30 days: 1
● 90 days: 4
● 180 days: 9
Staking mining is released based on a mechanism that decreases by 6% every 30 days. The first 30 days after Genesis mining will release $45,600 META, which will be released after approximately 60 decreasing cycles.
Roadmap
● Q1, 2021
o March: Team established and initial project architecture design completed.
● Q2, 2021
o April: Tokenomics o May-June: DApp & Smart Contract
● Q3, 2021
o July: Contract Audit & Private Round o August: Officially launched, and first round of Planet NFT auction will be enabled, and Planet NFT started to produce Miner NFT. o September: Miner NFT staking & mining will be launched, $META mining will be released.
● Q4, 2021
o October: Second round of Planet NFT auction & ecological partnership. o Nov-Dec: Miner system iteration, adding mining efficiency Buff module. ●
Q1, 2022
o Top CEX platform Listingo 2.0 Major Iteration: new Metaverse games sessions, strengthen community relationship attributes.