Solutions
Ecosystem
Developers
About
Blog Details
Unlock MEC Rewards: Maximize Your Earnings During the ME Network Public Testing Event
2024-09-23

ME Network is a modular public blockchain infrastructure featuring a native DID protocol. MEC, the native governance token of ME Network, has no pre-reserves or pre-allocations. Its unique economic model ensures that MEC remains relatively scarce. Even with one million community users, the total circulating supply will not exceed three million MEC. The only way to earn MEC is through community participation, primarily in public testing events.



ME Network has officially launched a one-year public testing event, running until April 16, 2025. If you haven’t joined Meta Earth yet, this is your chance to participate in the public testing and claim MEC airdrops!


🎁How to Qualify for MEC Airdrops:


  • Step 1: Register for ME Pass via this link: https://invite.mec.me/?type=download&code=zebt0svb


  • Step 2: Download the ME Pass app.


  • Step 3: Log in, create your MEC wallet (make sure to back up your mnemonic phrase or private key).


  • Step 4: Complete KYC verification on ME Pass to obtain your exclusive ME ID.


💰Earnings Breakdown:


1️⃣Unconditional Basic Income (UBI)


Once you receive your ME ID, you’ll get one permanently staked MEC, which generates daily MEC earnings with an annual yield of up to 25% in the first year.


2️⃣Monthly Dividend Airdrop


During the public testing, ME ID users can receive a monthly airdrop of 0.1 MEC from the community treasury.


3️⃣Check-In Rewards


Users who check in on ME Pass for 25 cumulative days each month can earn an additional 0.1 MEC.


4️⃣Staking Rewards


MEC earnings can be further staked on ME Pass, with a maximum APY of 50% for 360-day fixed staking.


5️⃣On-Chain Community Rewards


Join any node community on the ME Network for the first time via ME Pass and get 0.01 MEC.


6️⃣Referral Rewards


Invite a new user to register and complete ME ID verification, and earn 0.1 MEC as an on-chain reward.


💸 Maximize Your Earnings: Join the Node Incentive Program


Various nodes have launched incentive programs during the public testing to foster community growth. You can double your referral rewards by joining the Node Incentive Program via ME Pass. For specific rules, refer to the Node Incentive Program or contact your local node operator.


💎Special Benefit: Zero Gas Fees


All Gas fees incurred by ME ID users during the public testing will be refunded by the community treasury at the event’s conclusion.


🟡Holding MEC: Maximizing Your Gains  



Understanding the value capture of MEC:


  • MEC has a total issuance of 20 billion tokens, with no additional issuance. Half of the total (10 billion) is permanently staked across ME Network zone nodes, with each user completing KYC receiving one permanently staked MEC from their zone.


  • The other half (10 billion MEC) will be produced entirely through staking, with no pre-mined allocations. The first year’s output is 5 billion, halving each year thereafter.


  • The MEC in circulation will mostly come from:


a. The permanently staked MEC from KYC users, generating daily rewards with up to 25% APY in the first year.


b. MEC earned from user activities and staked at up to 50% APY for fixed staking.


c. Airdrops decided by community proposal votes, including rewards for node validators.


  • MEC will be used across various applications, such as staking for ME Hub validation nodes, paying transaction gas fees, and covering data storage costs. Rollup sequencers will also use MEC for transaction fees. With ME Network v2.0 launching next year, MEC’s utility will expand even further.


Call out for all Meta Earth community members, don't miss out on the opportunity to earn MEC during the public testing event! Start your Meta Earth journey and uncover the valuable rewards waiting for you.




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.


WebsiteXTelegramDiscordInstagramYoutubeTikTokLinkedin

   
Related blog
In-Depth Analysis of the Settlement Layer in ME Network's Modular Blockchain Architecture
Tokenomics of MEC: A Brief Analysis of Meta Earth's Token Economy Model