TOKENOMICS
Token MetaLife Token
Token Symbol MLT
Total Token Supply 100,000,000,000 MLT
Token Type SRC-20 on Spectrum blockchain
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:
MetaLife chain Miner – distributed according to block generation cycle of the chain
Pub operators and challenge participants – issued by contract or block generation period
Social event participants and promoters
Creators and content contributors
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.
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