Revamping the Tokenomics

This week the team released an amazing news after unveiling a huge opportunity for investors: the Tokenomics has been revamped. But what does this awesome change entail?

An important note is that the new tokenomics does not affect the old tokenomics, therefore it does not affect the Presale, nor on what has already been sold or carried out so far.

ICO

The substantial development refers to the allocation of the ICO, which has been reduced from 35% to 3.5% of the total supply. Despite the reduction of the range to a tenth of its initial value, all the tiers will be kept unchanged.

In fact, initially the allocations for the different tiers were as follows: the first Tier of 25 million, three Tiers of 100 million and a final Tier of 25 million. With the new allocation, all the Tiers are maintained with the same proportion, but reduced to a tenth: first tier of 2.5 million, three tiers of 10 million and a final tier of 2.5 million. In this way, there are much more chances of reaching higher tiers than there were before.

Sale of seeds, IDOs and IEOs

The new allocation has been improved by providing for a specific allocation for the Seed Sale equal to 2% of the maximum supply and another 2% for IDOs and IEOs on dex in order to facilitate use and procedures for all users’ exchanges, and consequently, increase the speed with which $MELD will be listed on the exchanges, implying as well lower costs. Centralized exchanges will also be envisaged, but to a lesser extent, as the team will proceed more with decentralized ones.

The bridge?

The Bridge has been enhanced with a doubled allocation, from 125 million units to 250 million units. The reasons for this change lie in the fact that the team realized that daring only one eighth of the total supply to one of the most important parts of the whole project was very reductive. By doubling the supply of the Bridge instead, a considerable amount will be given to the whole musical environment, and to the whole BeatsChain, which will revert to qualify it as one of the most important parts of the whole project.

A wider ecosystem

The remaining 15% was allocated as follows: 10% for Melodity’s DAO and 5% for stacking.

The dev-team is already proceeding to contact Anyswap currently re-branded in Multichain, so that it is possible to interoperate with Melodity on all Ethereum compatible blockchains.

Among the possible candidates, the team will focus on those parts most used and with greater volumes: starting with BSC and aiming to operate on as many as possible. Indicatively the list will be: Ethereum (despite having shares mainly at fees), Optimism, Cronos, Polygon, Arbitrum, Fantom, Avalanche, Moonbeam, Moonriver, Harmony and Clover.

As was to be hoped, the team will not create the bridge for all blockchains together immediately, but the first will be (almost certainly): Phantom in Avalanche, closely followed by Cronos, Polygon and Moonbeam. As needed, the team will be able to expand Melodity into another compatible ethereum blockchain.

How will Stacking happen?

You can stack in currencies other than $ MELD to get $ MELD. But it will also be possible to stack from $ MELD to $ MELD. Obviously, everything that Stacking implies, implies an investment as well, and therefore a certain degree of risk, as always.

Nevertheless, we want to underline that staking will not increase the supply as this has already been defined (in fact the maximum supply is a total billion units and cannot increase in any way).

Melodity DAO

The creation of a Melodity DAO gives further development possibilities on all those blockchains that are Ethereum compatible. The DAO in fact, will be able to decide to develop projects (on Fantom, Avalanche, BSC, etc.), will be able to allocate the funds of the DAO itself to the development of new projects and consequently grow the ecosystem that will be created on all blockchains. Ethereum compatible.

Melodity is a decentralized protocol for the music industry.