The Dual Token Model
Matterverse uses a "Dual Token Model" in order to help creators, players, brands, and token holders get the best from our metaverse.
#MATT is the staking token that holders wish to hold and stake, because it represents the value of our platform and is expected to grow. #VRSE is the spending token that players can easily earn and spend in the game, being used as the native currency in MatterCity.
Text | MATT | VRSE |
|---|---|---|
Description | Governance Token to purchase land & pioneer passports and participate in the MatterCity governance | Utility Token used to perform in-game tasks, purchase sing-use items, and earn from our reward issuance |
Total Supply | 2 billion | Unlimited |
Token Model | Deflationary | Variable |
Use Case | Invest & Stake | Earn & Spend |
Separating the governance token and utility token allows us to avoid compliance issues and improve the overall game experience.
In many countries/regions, a token will be under strict securities regulations especially if it is a governance token and also used in fundraising. This will make the platform's operation too inflexible to adjust mechanisms in the game.
Also, as holding and staking the #MATT token will bring more returns to its token holders, we might see a "hoarding effect" where fewer players are willing to spend the token and causing the delays in our in-game circular economy.
Overall, this dual token model protects the interests of all stakeholders and participants of Matterverse.
Last modified 1yr ago