With the popularity of the crypto market, the market focus is no longer limited to the top mainstream currencies, but is gradually spreading to the emerging cryptocurrencies and networks – a more eye-catching and imaginative space. At the same time, for these new types of cryptocurrencies or digital assets, market acceptance is becoming greater and greater, with more virtual and real integration applications available. The NFT craze is undoubtedly the product of this trend, and is also a valuable investment conduit.
NFT transactions in 2021 exceeded $17.69 billion, and NFT transactions reached $26 billion in the first quarter of 2022, surpassing the total for the whole of the preceding year. Although the NFT market is rising, the threshold of entry is getting higher and higher, making it extremely difficult for small capital consumers to buy the leading NFTs, and ordinary users have become bystanders.
In addition to the high entry threshold, NFT liquidity problems are also troubling users. They are not as convenient to trade as homogenized tokens (such as BTC and ETH), and because of the non-homogeneous characteristics of NFT, the market price of each commodity is different. When an NFT is traded, the seller and the buyer must reach an agreement on the price. If the buyer thinks the seller’s price is excessively high, they will not buy.
Facing such difficulties, how can MetEast disrupt the game? How does it become a rule-changer in the NFT market? What opportunities will it bring to ordinary investors?
New power in the NFT market
As a dark horse in the NFT market in 2022, MetEast has better liquidity, autonomy and friendliness. In the MetEast ecosystem, investors can mint and trade an NFT through crypto asset agreements.
In order to take into account the rights and interests of coin holders and token inflation, MetEast has launched various ecological incentives. These are to attract participation and improve liquidity while reducing the incentive intensity of liquidity mining, thereby slowing the inflation rate of tokens.
MetEast combines macro monetary policy to realize token economic innovation, and is committed to improving the economic value of the platform tokens, increase the purchasing power of tokens, and bring more benefits to token holders. Users can get ME token through transactions, ecological incentives amongst other ways.
The total supply of ME Token is 1,000,000,000, of which 500,000,000 are allocated to the ESC ecology and 500,000,000 to the ETH ecology. The more valuable MetEast is as a platform, the more value is the ME token held by users.
Reward: 50% ME will be awarded to users for trading and casting;
Air drop: 15%ME will be put in an air drop to the user;
DAO: 10% ME will reward the DAO’s contribution to the community;
Team: 10% ME will belong to the team;
Ecology: 10%ME will be used for ecological cooperation;
Treasury: 5%ME C will be attributed to the community investment.
The NFT market is ushering in new opportunities: there will be a unicorn. At present, NFTs are regarded as the underlying core technology of the metaverse: which provides technical support for the generation, confirmation, pricing, circulation and traceability of digital assets. They are also representative of the digital assets held by users in the metaverse in the future. To some extent, it will effectively promote the root of the metaverse economy. Driven by metaverse and blockchain technology, NFTs will have a broader use-case prospective.
MetEast aims to become a value-sharing NFT platform that truly addresses NFT liquidity problems for all users while providing token rewards to creators and traders.
Detailed rules for the user rewards are as follows:
The minant (creator) can receive ME as a bonus, calculating formula = (ME released daily) * NFT volume they cast each day * 0.4
Traders can receive ME as a reward, calculating the formula = (ME released per day / total daily volume) * NFT volume they trade per day * 0.5
The DAO as the mint (creator) gets a bonus with the formula = (ME / total daily volume) * NFT volume they cast daily * 0.1
DAO gets a bonus as traders, calculating formula = (ME coins released per day / total daily volume) * NFT volume they trade per day * 0.1
Through ecological construction, closed-loop economy and other innovations, the strength of MetEast is constantly improved. For example, ME gives MetEast more valuable storage characteristics, and minting make MetEast more irreplaceable. MetEast has entered a positive cycle of development and enhanced its market position. The MetEast economy will spontaneously grow, thus creating a closed-loop economy, feeding back to creators and traders.
With the rise of digital natives and the growing demand for alternative investment, the NFT market is just beginning. There are successful projects and failed projects. Successful projects will be valued and fulfil market needs, continue to profit; failed exploration represents early player time and money, missing other opportunities that chose the wrong direction.
There are signs that MetEast is likely to be a dark horse in the NFT market over the next decade. MetEast combines creators, buyers and sellers more closely to create a better ecological environment for all NFT assets and become the infrastructure for blockchain technology to map the real world.
In the future, MetEast will also build an NFT ecosystem based on artificial intelligence, metaverse and other scenarios. It is foreseeable that MetEast will lead the new wave of an NFT 2.0 era.