The Story of Meta2150s and Mitcoin Tokenomics

Meta2150s
6 min readApr 21, 2023

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In the year 2150, Earth was facing a severe resource crisis. The planet had been depleted of almost all its natural resources, and humanity was on the brink of collapse. But in the midst of this crisis, a new energy source was discovered — Mitcoin.

Mitcoin was unlike anything humanity had ever seen before. It was a powerful energy source that could meet all of humanity’s survival needs. However, it was incredibly difficult to obtain. The only way to mine Mitcoin was through a special machine known as the Quantum Force.

Despite the difficulty in obtaining Mitcoin, people all over the world became obsessed with it. They were willing to do anything to get their hands on this precious energy source. The government set up special competitions and events where people could win objects that would help them mine Mitcoin. One such event was the celebration of the construction of the Metropolis. A special gift was given to all participants to generate Mitcoin.

These events quickly turned into a wild frenzy, with people from all walks of life participating…

The Mitcoin

After the initial discovery, it was found that there were 10 million Mitcoins available to be mined. However, it was projected that these would be completely depleted within three years. After this initial period, Mitcoin was expected to continue to self-produce a maximum of 2.5 million units per year, although the exact number was difficult to predict.

Mitcoin Tokenomics

The token distribution is divided into four parts:

  • 0.5% was distributed through the TGE and has already been fully distributed through the staking pool.
  • 59.5% can only be mined through NFT staking, and only the NFTs officially released by Meta2150s can be used to mine this portion of tokens. The production of this part of tokens will decrease by 2% every quarter in the first year, 3% every quarter in the second year, and 9.29% every quarter in the third year.
  • 20% will be released through events. Meta2150s will collaborate with other projects to hold events and distribute NFTs. These NFTs can be staked to receive rewards from the events. The production of this part of tokens will decrease by 2% every quarter in the first year, 3% every quarter in the second year, and 9.29% every quarter in the third year.
  • 20% will come from Mitcoin and LP staking. This portion will be distributed evenly over three years. LP and Mitcoin will each have their own mining power, with LP having a higher mining power than Mitcoin on a one-to-one basis. (Users’ personal earnings are based on their mining power as a percentage of the total mining pool.) Token distribution will be calculated every 5 seconds.

Here is the one-page research on Mitcoin.

Staking Mechanism

Visit https://meta2150s.com/#/staking/pool

NFT Staking Rules

  1. The force of Hyper Quantum Force is twice that of Quantum Force.
  2. Meta2150s will charge some Mitcoin as a staking fee, but the first few days of staking in each pool are free.
  3. Event NFTs can only be used to mine Mitcoin in specific pools at specific times.
  4. Each pool will charge a percentage of the harvest fee.
  5. The Mitcoin distribution for the official NFT pool and the event NFT pool of Meta2150s are 5,950,000 and 2,000,000 respectively, and the rules are the same: the release amount will decrease by 2% each quarter in the first year, 3% each quarter in the second year, and 9.29% in the third year.

Quantum Force/Hyper Quantum Force Staking Rules

Meta2150s is offering both Quantum Force NFTs and Hyper Quantum Force NFTs, which are used to generate the platform’s utility token $Mitcoin.

Quantum Force NFT is a machine built with the core of a quantum chip which is a common data computation and processing chip in 2150, while the computing power of the Hyper Quantum Force NFT is much higher than that of the Quantum Force NFT.

In our Mitcoin TGE staking pool on Meta2150s, you can stake your Quantum Force/Hyper Quantum Force NFTs and harvest $Mitcoin in return. Each quarter a limited-time Mitcoin TGE staking pool will be open to all NFT holders on Meta2150s.

For example, in the Mitcoin TGE pool:

- Staking Force

50 Force for each Quantum Force NFT

100 Force for each Hyper Quantum Force NFT

- Staking Period

Initial Supply: 50,000 $Mitcoin

Staking Period: 22nd Mar — 22nd Apr

- Staking Fees

For now, is 0 ( Free to stake )

But we will charge 25 MitCoin for Quantum Force, 37 MitCoin for Hyper Quantum Force in the next pool.

- Harvest Fees

5%

Event NFT Staking Rules

Apart from Quantum Force/Hyper Quantum Force NFTs, you can aslo stake our event NFTs minted from third-party platforms such as Quest3, Galxe, etc to gain streaming payments by participating in our joint giveaway events.

Events are hosted by Meta2150s alongside with our partnership projects. A dual token reward staking pool will be open to all valid participants. After completing giveaway tasks and claiming NFTs, all participants can stake the claimed NFTs on Meta2150s to mint more rewards.

For each staking event, the rewards will differ according to various projects. Take our 0xGen OG Comeback staking pool for example, a total of 20,000 $Mitcoin and $100 USDT are added into the rewards.

For example, in the 0xGen OG Comeback pool:

- Staking Force

10 Force for each Event NFT

each Quantum Force can increase Force by 40%

each Hyper Quantum Force can increase Force by 80%

1 Force of each NFT from previous events and they can increase Force by 10%

- Staking Period

Token Supply: 20,000 $Mitcoin and $100 USDT

Staking Period: 7th Apr — 7th Jun

- Staking Fees

First 3 days of the staking period: 0 ( Free to stake for 3 days )

Day 4 onwards: 3 MitCoin

- Harvest Fees

1%

NFT Staking Tutorial

  1. Go to the staking page

2. Select a pool. Let’s take the following pool as an example.

3. Select the NFT you want to stake and follow the steps in the pop-up wallet.

*Note: If the transaction fails, try increasing your wallet’s gas limit.

About Meta2150s

Meta2150s is a multi-chain platform for GameFi and NFT that integrates games, marketplace, NFT staking and DAO structure.

The ultimate goal of Meta2150s is to bring together guilds and game enthusiasts to one platform, solving current problems in GameFi, such as the island effect, eco fragmentation, lack of liquidity, and low exposure for some games.

With the release of the game Metabot2150 in the future, Meta2150s platform will introduce more game-like user experiences.

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Meta2150s
Meta2150s

Written by Meta2150s

Multi-chain platform for GameFi, NFT, Guilds and Game enthusiasts

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