The Me3 token ($ME3) is the cornerstone of both governance and utility within the Me3 ecosystem. you can find all of the details about the $ME3 token below.
Token Summary
Token Name | Me3 Token |
Token Symbol | $ME3 |
Token Usage | Governance, Utility |
Chains | Binance Smart Chain (BSC) |
Max Total Supply | 1,000,000,000 |
Public Round Valuation | $12,000,000 |
TGE Target Date | September 2024 |
Max Circulating Supply at TGE | 3% |
Initial Market Cap | $359,429 |
You can view more detailed tokenomics information on our Quantitative Tokenomics page.
Token Utilities
Token Utilities encapsulate the broad spectrum of functions a token introduces within a Web3 initiative or ecosystem. They are carefully deployed to (i) facilitate a smooth entry for newcomers, avoiding any obstacles that might deter engagement, and (ii) underpin the token's value sustainability, securing ongoing trust in the Me3 ecosystem.
User Rewards in Form of Fee Discounts
Holding Me3 tokens unlocks exclusive fee discounts throughout the platform, offering tangible savings on activities like swapping, buying cryptocurrencies, off-ramping funds, and engaging in the prediction markets. The extent of these discounts is directly linked to the number of Me3 tokens a user holds, encouraging prolonged retention of tokens (effectively reducing token turnover) and thereby enhancing the token's market value. This fee reduction strategy also guarantees that as the Me3 ecosystem scales, the demand for Me3 tokens will increase, tying the token's value to the broader growth of the ecosystem.
Token Staking
Holders of the Me3 token have the opportunity to stake their tokens, capturing up to 20% of the platform's fees generated across Me3’s diverse offerings. This fee-sharing approach mirrors practices seen in prominent NFT marketplaces like LooksRare or X2Y2 which are typically enhanced by additional token rewards through emissions. Unlike the fee discount benefits which encourage users to retain their tokens, staking offers a compelling utility for both users and non-users, broadening the appeal of the Me3 token. This effectively expands the community of potential token stakers, inviting those interested in the Me3 ecosystem's growth to stake their tokens over long periods.
Moreover, staking Me3 tokens also grants holders voting rights, a key aspect of ecosystem governance detailed further in the "Governance" section.
Governance
In the Me3 ecosystem, voting power—a key to engaging in governance—is achieved through the staking of Me3 tokens. This vested authority enables users to shape pivotal aspects of the platform, from setting crucial fee structures to endorsing strategic partnerships. Such capacity for influence is particularly attractive to users, given that ecosystem partnerships often involve well-known brands. The treasury's capability to incentivize user engagement by allocating funds towards "stake to win" prediction markets, underpins the appeal of this token-centric governance model.
This strategy not only underscores the importance of governance in the ecosystem’s evolution but also ensures token holders are deeply invested in the project’s success, building a foundation for a committed and active community.
Future Utility Propositions
We are dedicated to advancing our product suite and forging new ecosystem partnerships. Our approach to tokenomics is dynamic, poised for adjustments that align with the best interests of our token holders and the overarching project goals. Importantly, we're committed to incorporating community feedback into governance decisions, ensuring our trajectory is both responsive and collaborative.
Our immediate goal is to establish a token economy that's not just operational but sustainable, prioritizing simplicity to ensure ease of understanding and engagement. While we've brainstormed a range of potential enhancements and innovations, these ideas are contingent on the Me3 ecosystem's evolution. Our commitment is to adapt and grow, introducing new features and adjustments that resonate with our community's evolving needs and aspirations.
Gamification: Within the Me3 ecosystem, the Me3 token can transcend its basic utility to play a central role in a gamified token economy, incentivizing users for engaging activities such as referrals, participating in events or attending competitions (rewarding users for certain actions). Conversely, users can leverage the token to access a variety of services, unlock premium features, or engage in the trade of digital assets. This functionality not only amplifies the token's value within the Me3 ecosystem but also enriches the user experience, creating a dynamic interplay between contribution and reward, service usage, and asset exchange.
Gaming infrastructure: As the Me3 ecosystem expands, incorporating a broader network of platforms and in-game developers adopting Me3's white-label solution, the Me3 token is well positioned to serve as a versatile infrastructure across various gaming platforms. This functionality could extend to facilitating transactions for in-game assets or acting as a universal currency bridging multiple in-game economies. The potential of the Me3 token to enable interoperability between diverse blockchain ecosystems positions it as an attractive proposition for future partners interested in integrating an in-game currency or creating assets that are transferable and storable across games. This adaptability not only enriches the gaming experience but also fosters a more cohesive and dynamic network of interconnected gaming environments, promising enhanced utility and value for the Me3 token as the ecosystem flourishes.
Looking for our full Tokenomics Litepaper? You can view it on Google Docs here.