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TOKENOMICS

Token MetaLife Token
Token Symbol MLT
Total Token Supply 100,000,000,000 MLT
Token Type SRC-20 on Spectrum blockchain
Token Allocation
The MetaLife token (MLT) is an SRC-20 token on the Spectrum main-chain to provide utility in the MetaLife ecosystem. Its distribution is as follow:

Rewards and Community – 50,000,000,000 MLT @ 50.0%

These tokens contribute to the incentive mechanism for early adopters, MetaLife platform maintenance and community creation, to be distributed among miner, Pub operators and social event participants:
  1. 1.
    MetaLife chain Miner – distributed according to block generation cycle of the chain
  2. 2.
    Pub operators and challenge participants – issued by contract or block generation period
  3. 3.
    Social event participants and promoters
  4. 4.
    Creators and content contributors
  5. 5.
    DAO manager (curate content, management and execution of social proposals)

Private Placement – 12,500,000,000 MLT @ 12.5%

A total of 12,500,000,000 MLT is released periodically for sale to strategic investors and early adopters of MetaLife.

Team – 10,000,000,000 MLT @ 10.0%

The team tokens will have a 24 months lock-up period starting from genesis. After which the tokens will be unlocked every quarter over a period of 36 months. Team tokens will be stored in a smart contract with address published to the public for transparency purpose.

Foundation – 10,000,000,000 MLT @ 10.0%

The tokens will be available to the Foundation to run the operation.

Advisors – 7,500,000,000 MLT @ 7.5%

The tokens will be used in building valuable networking and connections in several strategic sectors in the ecosystem (e.g., gaming, entertainment, De-Fi etc) that drive adoption of MetaLife. A total of 7,500,000,000 MLT will be distributed to the MetaLife advisory fund smart contract and unlocked over a fixed period of 60 months (5 years).

Marketing – 5,000,000,000 MLT @ 5.0%

A total of 5,000,000,000 MLT is kept aside for marketing and community building purpose.

Standard Establishment & Open-Source Grant – 5,000,000,000 MLT @ 5.0%

The tokens will be put aside for establishing industry standards, like W3W Web3.0 Dynanmic Distributed Web Standard Making and open-source grant to support community open-source project (e.g., Secured ScuttleButt)
Note: The Tokenomics of MetaLife is not finalized and subjected to further refinement over time.