META ARENA Token - $META

$META (META ARENA Token) is a KIP-7 token for META ARENA. It is a governance token that also has utility characteristics such as avatar combination, an exchange medium of game tokens for partner games, and participation in limited edition auctions.

$META holders can earn rewards by staking tokens, playing games, and participating in key governance votes.

Token Economy

$META is created and distributed in blocks through the decentralized distribution platform provided by Ozys without public or private sale.

Except for the Klayswap drops distribution, initial pool creation, and initial issuance for event airdrop, all $META is distributed in block units as a target contract.

$META distributed to the Ecosystem is not distributed directly to the market, but is distributed to the market in various ways such as game play and competition rewards.

• Max Supply: 200,000,000 $META

• Initial Issuance: 420,000 $META

• Allocation: 199,580,000 $META

• Distribution Period: 3 Years

Target	Sub Target	Ratio	Quantity
Initial Issuance	KLAYswap Drops Event Airdrop KLAYswap Pair Liquidity	0.21%	420,000
Encourage Liquidity	KLAY+META LP(5.50%) KSP+META LP(5.50%)	10.98%	21,953,800
Ecosystem	Metaquest Reward(24.95%) Game Reward(24.95%) Reserved(15.95%)	65.84%	131,680,800
DAO Marketing	Metacaster Support(0.23%) Ecosystem expansion event(8.78%)	9%	18,000,000
Partnership	KLAYswap EcoPot	1%	2,000,000
Dev Allocation	Natris(12.50%) Ozys(0.5%)	12.97%	25,945,400

• KLAYswap Drops will be held from 11/23 (Tue) to 11/29 (Mon).

• 40,000 $META will be dropped for 7 days from 11/29 (Mon) to 12/5 (Sun) in 3 pairs of KLAY+KSP, KLAY+KETH, and KLAY+KUSDT after the drops ends.

• KLAY+META, KSP+META pairs will be created after 9 am on November 29 (Mon) and liquidity incentive distribution will begin.

• $META distributed to the Ecosystem Contract will not be distributed until the official launch in December and will be locked up.

• Distribution starts with avatar farming, game play rewards, etc., and it is not distributed in blocks, so it may be slightly different from the contents specified in the table below. The proportion of avatar farming and gameplay rewards may change.

• Reserved is used for the ecosystem, such as incentives for liquidity when launching new cooperative games, and prize money for competitions.

• To maintain the META token level of KLAYswap governance, 1% of $META mined from 3pm on February 21, 2022 will be distributed to KLAYswap EcoPot.

• The $META airdrop distribution for the Encourage Liquidity META+MUDOL pair ended July 18, 2022 with the global launch of Hero Blaze: Three Kingdoms.

Deflation

META, the in-game currency, is supplied to the game world based on a limited issuance of the $META token, and its quantity cannot exceed the token issuance amount. META used within the game follows a deflationary model, being exchanged for tokens and redistributed or burned in specific pools. ※The deflationary model may change without prior notice, and any changes will be communicated through announcements.

• 100% of META used for Avatar Summon/Special Summon and Limited Sales will be bought back as $META.

  • 50% of the bought back $META is distributed to the Game Reward pool.

  • 50% of the bought back $META is burned.

• 100% of META used in Avatar Fusion/Adventure will be bought back as $META.

  • 50% of the bought back $META is distributed to staking participants

  • 50% of the bought back $META is burned.

• 100% of META used in Skill Enhence / Reacquire will be bought back as $META.

  • 50% of the bought back $META is distributed to staking participants

  • 50% of the bought back $META is burned.

• Market transaction fees (2%) in $META will be bought back.

  • 80% of the bought back $META is burned.

  • 20% of the bought back $META is distributed to staking participants.

• 100% of META used for PVP Refresh/Nickname Change will be bought back as $META.

  • 50% of the bought back $META is distributed to staking participants.

  • 50% of the bought back $META is burned.

• META used for worker fees will be bought back as $META and burned.

  • 80% of emergency unstaking fees will be reserved for use in ecosystem development, such as new content and event rewards.

  • 20% of emergency unstaking fees will be distributed to staking participants.