Time To Vote: Update to the MetaFinance Token Economic Model

4 min readMay 19, 2022

Dear users,
We are pleased to share with you the important announcement on a vote on the update to the MetaFinance Token Economic Model. Starting from May 19, 2022, at 12:00 p.m. UTC.

In the early years of the DeFi industry, MetaFinance’s token economic models have led the way in decentralized finance and built a large community with many members. Now, the DeFi industry is increasingly developed, and the goal of MetaFinance is to keep up with the times and remain highly competitive.

MetaDAO will launch a governance poll to optimize the current token economic models to bring Metafinance more competencies in several new products and developing routes.

The total supply of MFI tokens is 420,000. And the original plan was to allocate 210,000 MFI tokens to the 1st Pool, which will be released by single assets staking; 210,000 MFI tokens will be allocated to the 2nd Pool and will be released by LP assets staking. However, the 2nd Pool was not opened after its closing on December 10, 2020. We would like to reallocate the tokens in the 2nd Pool with optimized token economics more compatible with MetaFinance’s long-term vision.

Reallocate 210,000 MFI tokens in the 2nd pool of MetaFinance — Reallocate the 210,000 MFI tokens in the 2nd pool of MetaFinance

MetaFinance is a community-driven decentralized business ecosystem, and after this adjustment, 70.54% of the total supply of MFI tokens will be fully mining rewarded to the community members( in MetaPool). All MFI tokens in each product are also obtained by community users, amounting to more than 80% of the token supply.

The following are the reallocation details.

I. MetaPool: Staking & Mining

94,800 MFI Tokens from the 2nd Pool will be reallocated to MetaPool (1st Pool )to mining rewarded for the users. Therefore, after this update, a total of 296,300 MFI tokens will be mine by MetaPool and rewarded to users;

The following schedule of the adjustment output is shown below.

Note: 20,000 MFI tokens will be awarded to participants of the Blueprint Program.

II. MetaTrigger: The Yield Aggregator

25,000 MFI tokens will be reallocated to MetaTrigger as an additional bonus, as well as a referral reward for the Starfish Program. For more information, please refer to the following article

🔗https://metafinance-mfi.medium.com/how-to-increase-revenue-with-metatrigger-c655408ed91a

III. MetaLabs: Empowering the Decentralised Web3

25,000 MFI tokens will be reallocated to support the establishment of MetaLabs — — identifies, invests, and incubate viable blockchain early potential projects, to expanding the ecosystem of MetaFinance .

This will bring MetaFinance more new business partners and collaborations to enhance the brand’s reach; these collaborative projects will also bring potential opportunities and benefit our community users.

IV. MetaDAO: Decentralized Autonomous Organization

20,000 MFI tokens will be reallocated in MetaDAO for MetaFinance’s governance and financially backup for other products. In case there are not enough MFI tokens left for a product as needed, MetaDAO will transfer these reserve MFI tokens after an on-chain vote, which will be executed according to the result of the vote. Additionally, these MFI tokens are also used to enhance the level of community self-governance.

V. MFI Tokens Burning

MFI token is the value Token and governance Token of MetaFinance. MetaFinance will conduct continuous burning to facilitate deflation and value embodiment, and 53,700 MFI tokens ( 8,500 MFI from 1st pool + 45,200 MFI token from 2nd pool) will be burned overall, accounting for 12.79% of the total supply.

The MFI token is an essential part of the value of MetaFinance, and an active and open Web3 community is the real driving power behind the sustainability of DeFi. We have always valued the community and have designed our tokenomics model & product to guarantee the community’s interests to the greatest extent possible. The new tokenomics model enables MetaFinance to have clear incentives for all types of products. As the products improve and the community grows, the entire ecosystem will continue to boom.

💎The purpose of this voting is to understand our users’ opinion about this update, and the voting process will be started at 12:00 p.m. UTC. on May 19, 2022. We hope every MFI token holders will participate in this voting, your voice is important for us!