In previous articles, we've introduced many aspects of Meta Earth, including the project’s creation, the team’s background, public testing rewards, and the technical highlights behind Meta Earth Network. To give you a deeper understanding of the economic value of Meta Earth, this article will focus on MEC, the value carrier of Meta Earth, and its tokenomics and potential.

What is MEC?

MEC is Meta Earth Network's native token, circulating throughout the entire ME ecosystem, including scenarios such as DeFi, SocialFi, NFT, ME Green, DEX and CEX. It serves as the sole value carrier of the ME Network.

Token Supply Model

The total supply of MEC is capped at 20 billion and will never be increased.

• 10 billion MEC are permanently staked in the Zones (countries and regions nodes) of ME Network, with each Zone receiving a share proportional to its population’s percentage of the global population. Each time a new KYC user joins the ME Network, they receive a unique ME ID along with 1 permanently staked MEC from their Zone Node. While this MEC cannot be withdrawn or transferred, the user will receive daily staking rewards from this MEC indefinitely.

• The remaining 10 billion MEC will be entirely produced through staking. In the first year, 5 billion MEC will be generated, with the annual output halving every year thereafter. However, output is not equivalent to circulating supply. Therefore, the maximum circulating MEC supply will approach 10 billion.

Two core features of MEC tokenomics:

1. It ensures that every ME citizen receives an unconditional basic income (UBI), embodying ME’s founding principle of equality and guaranteed income for all.

2. The MEC generation mechanism is transparent and fair, with no pre-mining or team allocations—100% of MEC tokens are distributed through the community.

Circulating Supply

While the first year’s output is set at 5 billion, it might seem quite huge amount, but in reality, e.g., if there are 1 million KYC users in the first year, the true circulating supply will be only a few million. Here’s a rough estimation:

• The annual staking APY is 25%, so the maximum number of MEC produced by 1 million users would be 250,000 MEC.

• The check-in reward is 0.1 MEC per person per month, so the maximum check-in reward for 1 million users would be 1.2 million MEC.

• The monthly dividend reward is 0.1 MEC per person, meaning 1.2 million MEC in total dividend rewards for 1 million users.

• Users can delegate their staked MEC to earn additional rewards. With a first-year APY of 50%, staking rewards for the 250,000 staked MEC would amount to 12,500 MEC.

• The invitation reward is 0.1 MEC per person. Assuming each user was invited by someone else, the total invitation reward would be 100,000 MEC.

• There will also be small amounts allocated to validator rewards via proposals from the treasury.

Based on these ideal conditions, even with 1 million users, the maximum MEC circulating supply in the first year would be less than 3 million. In reality, it will be far lower than this figure.

You may be curious: with a yearly output of 5 billion MEC and only a few million in actual circulation, what accounts for the remaining supply?

These remaining MEC tokens will flow into the treasury of Meta Earth Zones, acting as the financial center for over 200 countries and regions worldwide. These funds are governed by the decentralized autonomous organization (DAO) known as ME DAO. Any ME ID holder can propose and vote on how the treasury should be spent, including proposals for protocol upgrades, cross-chain application development (such as bridges or Rollup deployment), ecosystem partnerships, community activities, and more to foster the healthy development of the ME ecosystem.

Token Utility

Lastly, let’s briefly discuss MEC’s utility, which is the key to its value. MEC has broad use cases across the ME ecosystem. It is used for staking in ME Hub validation nodes, transaction execution gas fees, DA storage fees, and staking in Rollup Sequencers, as well as for covering gas fees within Rollup environments. Additionally, various Rollups and contracts can issue their own tokens, further deriving additional token value. These activities continuously add value for MEC.

As Meta Earth’s Ecosystem Infrastructure matures, it will give rise to more diversified applications, attracting more users into the ecosystem. The rapid growth of ME’s ecosystem will inevitably accelerate MEC’s circulation and consumption, creating a scenario where demand far outpaces supply. This forms the foundation of Meta Earth Network’s unique economic model.

If you want to receive more airdrops or rewards, please download the ME Pass and complete advanced verification. See more on the poster!

About Meta Earth

Meta Earth (ME) is based on a modular, high-performance, infinitely scalable multi-dimensional fusion underlying value network — ME Network, which supports the high-concurrency big data processing needs of traditional industrial applications.And through an encrypted DID (Decentralized Identifier) system — ME ID & ME Pass which can effectively protect user privacy data, and a co-construction & co-governance mechanism which can fully reflect personal sovereignty and equality for all, as well as an economic model which can guarantee UBI (Unconditional Basic Income) without any distinction, Meta Earth is fully dedicated to enhancing happiness for a better life and maintaining ecological balance to promotesustainability.

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