MetaMine

MetaMine

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INTRODUCTION

Blockchain is the future. It offers a decentralized system that cuts out third-parties to whom we entrust our data to. The industry has already seen many decentralized applications based on the blockchain technology. The future of DAOs is not hidden from anyone. The blockchain technology will enable businesses to run more smoothly, with transparency. The value of the project will reflect the real value of its users. This is what MetaMine is all about.

What is MetaMine?

MetaMine, a hybrid between a mining company and a decentralized autonomous organization, aims to build a global mining community with a smart contract based token economy.
MetaMine will lead the miners to a green mining future via a smart contract based token economy. Miners can earn tokens by mining and can be mined continuously. Moreover, mining will not only earn tokens but also earn a share of profits from mining.

The MetaMine community is a decentralized organization based on the blockchain technology. It provides a universal Metaverse currency backed by crypto mining. The community also offers another.

METAMINE TOKEN

MetaMine community will release MINE tokens. MINE tokens are the only token that can be used to pay for Metaverse applications. MINE tokens are also the only token that can vote for the community. Anyone who participates in the MINE token pool will have exclusive rights to vote for the development direction of Metaverse applications.

METAMINE FUND

The MetaMine Fund is created so that the MetaMine Community can decide what to do with the revenue generated by the MINE token. The fund will be one of the key factors to decide the future direction of the project. The fund will include the unsold MINE tokens, all the sales proceeds of MINE token and the MetaMine Community funded projects.

FUND USAGE

The fund can be used for a different projects that promote environmentally friendly business practices. This includes the use of funds to assist with research on renewable energies, reforestation projects, energy efficiency facilitation, greener mining technology and renewable energy hosting centers. The MetaMiners are to make a collective group vote to determine how the fund is to be used.

METAMINE DAO

MetaMine DAO is a decision-making platform that allows MetaMine Community to elect its top leaders and hold them accountable. It defines how leadership is earned and lost, as well as how to monetize the democracy by voting on proposals made for the betterment of the MetaMine Platform.

The Committee will be elected through a special smart contract(Committee Election Motion) which is automatically triggered by the blockchain. Anyone who wishes to be a committee member can become one, while anyone on the blockchain network can support any potential committee member they wish to see in that role.

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We want to create the next step in the evolution of decentralised organisations and we aim to make this a reality as soon as possible. Our vision for this DAO is best represented by its phases: First we will set up a basic level of automation and organisation and then we will incrementally implement our smart contracts and governance protocols to gradually evolve it into an entirely self-governing system - effectively achieving absolute decentralisation.

TOKENOMICS

The total MINE token supplied is 1 billion mines, it will be listed on DEX at first to grow the community and later on major exchanges including Binance. If members of the community vote to burn MINE, and if there is excess liquidity in Metaverse’s ERC20 tokens, then the tokens will be burned.

CONCLUSION

The developers of this project are working on a NFT platform to be released in 2022. Meanwhile, the community has the ability to vote on how the tokens should be allocated and spent. For example: whether they should be used for other Metaverse projects like GameFi or simply kept in reserve for use within the ecosystem itself.

 

PROJECT LINKS

 

Bitcointalk Username: Steven Zuber
BitcoinTalk Profile URL: https://bitcointalk.org/index.php?action=profile;u=3191220
Telegram Username: @StevenZuber
Wallet Address: 0x24a40E42A83a6C67854499e0693219F403327B35

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