UVM tokenomic
Last updated
Last updated
as you can see, more than 70% of this token, equivalent to 1,262,800,000 units, is locked and it will be released to the pledgers during the staking process.
About 10% or 180,400,000 units are in the creator’s team hands, but the team does not have the possibility to supply it to the market at once, and the team's tokens are released during a 5-year process. Also, about 15 percent or 270,600,000 units of tokens have been put aside for the development and progress of the project, and this amount will not be available to the market all at once.
Up to a maximum of 5% or 90,200,000 units of the total tokens will be sold as an open edition for a limited time. Any remaining amount will be added to staking and the algorithm will begin to operate
To release the rest of the tokens, people must participate in the staking process. Each type of land permits its owners to stake up to 28 DNM token , but the obtained profit amount from this staking will be different depending on the land type.
as you can see, more than 70% of this token, equivalent to 1,262,800,000 units, is locked and it will be released to the pledgers during the staking process.
About 10% or 180,400,000 units are in the creator’s team hands, but the team does not have the possibility to supply it to the market at once, and the team's tokens are released during a 5-year process. Also, about 15 percent or 270,600,000 units of tokens have been put aside for the development and progress of the project, and this amount will not be available to the market all at once. You can see how development and team tokens are released in the photo below:
Up to a maximum of 5% or 90,200,000 units of the total tokens will be sold as an open edition for a limited time. Any remaining amount will be added to staking and the algorithm will begin to operate
To release the rest of the tokens, people must participate in the staking process. Each type of land permits its owners to stake up to 28 DNM token , but the obtained profit amount from this staking will be different depending on the land type.
In order to participate in the staking plan and receive the mentioned benefits in the 1st stage, you need to own a land. You can stake up to 28 DNM token and 6000 UVM in each staking plan
Your tokens are frozen in your own wallet and can be withdrawn after 21 days whenever you want, and the profit will be calculated for you on a daily basis until that moment.
Each year annual profits are reduced by 20% to reduce the supply of the circulating tokens and as a result, the token becomes more valuable. In addition, in order to add more value to the token and prevent its price inflation, we have designed an algorithm called the inverted rule, which is as follows:
According to the algorithm, every 60 days in the first year, 1% of how the tokens are locked in staking will change, that is, in the beginning, you need 30% of UVM and 70% of DNM tokens, but after 60 days these numbers will change and become 31% of UVM and 69 percent DNM .
The inverted rule ensures that over time, a larger amount of UVM tokens will be required for staking and the purchase demand for it will increase. This rule continues until the first stage of inverting is implemented, which takes approximately 40 months to reach a 50-50 ratio in the stake.
The further absorbing feature that exists in MetaNet defi system city is the ability to mine tokens from your sales team staking. In this way, if someone in your sales team takes part in staking, you will also benefit from his staking and you can mine UVM token and it will be released for you according to the plan terms and conditions. For instance, if someone in your team has a type 1 land and has filled the maximum staking amount, 10% or 2000 tokens will be mined for you annually and paid to you according to the plan’s terms and conditions. If that person has not flash out the maximum, your mine percentage will be reduced by the same amount.
Because mining escalates and progresses it in your organization depth, it canentail and brings you great incomes.
The point is that if the maximum amounts are not filled, the tokens that are not released will remain in the cycle and the staking and mining system will carry on until the tokens are finished.
If all the lands are sold and everyone fills the maximum staking amount, it will take a year that all the tokens to be finished and to be given out, but this is practically impossible because the project will be presented in 4 phases and indeed all buyers will not fill the staking maxium amounts. The minimum estimated time to complete the tokens is 15 to 20 years.
Now, let's have a closer look at the tokenomics and its calculation algorithm:
In the following, we will check the formula and how are the mentioned numbers obtained in the table:
32,000 land type one * 20,000 maximum stake units = 640,000,000 locked volume
640,000,000 * 120% (sum of mine and stake) = 768,000,000 token units needed to pay interest of stake and mine type one
640,000,000 locked volume * 10% mining profit = 64,000,000 token units for mining
768,000,000 - 64,000,000 = 704,000,000 token units for staking
704,000,000 ÷ 32,000 = 22,000 total amount of staking tokens received in one year
22,000 ÷ 365 = 60.2 tokens stake per day
64,000,000 ÷ 32,000 = 2000 total amount of tokens mined in one year
2000 ÷ 365 = 5.47 tokens mined per day
28,000 land type two * 20,000 maximum stake units = 560,000,000 locked volume
560,000,000 * 60% (sum of mine and stake) = 336,000,000 token units required to pay interest of stake and mine type two
560,000,000 locked volume * 5% mining profit = 28,000,000 token units for mining
336,000,000 - 28,000,000 = 308,000,000 token units for staking
308,000,000 ÷ 28,000 = 11,000 total amount of staking tokens received in one year
11,000 ÷ 365 = 30.1 tokens stake per day
28,000,000 ÷ 28,000 = 1000 total amount of tokens mined in one year
1000 ÷ 365 = 2.7 tokens mined per day
20,000 land type three *20,000 maximum stake units = 400,000,000 locked volume
400,000,000 * 30% (sum of mine and stake) = 120,000,000 token units required to pay interest of stake and mine type three
400,000,000 locked volume * 2.5% mining profit = 10,000,000 token units for mining
120,000,000 - 10,000,000 = 110,000,000 token units for staking
110,000,000 ÷ 20,000 = 5,500 total amount of staking tokens received in one year
5,500 ÷ 365 = 15.06 tokens stake per day
10,000,000 ÷ 20,000 = 500 total amount of tokens mined in one year
500 ÷ 365 = 1.36 tokens mined per day
12,000 Land Type Four * 20,000 maximum Stake Units = 240,000,000 Locked Volume
240,000,000 * 12% (sum of mine and stake) = 28,800,000 token units required to pay stake interest and mine type four
240,000,000 locked volume * 1.25% mining profit = 3,000,000 token units for mining
28,800,000 - 3,000,000 = 25,800,000 token units for staking
25,800,000 ÷ 12,000 = 2,150 total amount of staking tokens received in one year
2,150 ÷ 365 = 5.8 tokens stake per day
3,000,000 ÷ 12,000 = 250 total amount of tokens mined in one year
250 ÷ 365 = 0.68 tokens mined per day
8,000 land type five * 20,000 maximum stake units = 160,000,000 locked volume
160,000,000 * 6% (sum of mine and stake) = 9,600,000 token units required to pay interest of stick and mine type five
160,000,000 locked volume * 0.75% mining profit = 1,200,000 token units for mining
9,600,000 - 1,200,000 = 8,400,000 token units for staking
8,400,000 ÷ 8000 = 1050, the total amount of staking tokens received in one year
1050 ÷ 365 = 2.87 tokens stake per day
1,200,000 ÷ 8000 = 150 total amount of tokens mined in one year
150 ÷ 365 = 0.4 tokens mined per day
768,000,000 + 336,000,000 + 120,000,000 + 28,800,000 + 9,600,000 = 1,262,400,000
Tokens required for staking and mining system
The point that we should pay attention to is that even in the worst case, the supply of the UVM token is 1.5 times more than the amount of the assets in the DeFi system is locked, which is an ensurance guarantee to the functioning of the decentralized economical system of MetaNet city.
