# MECO DAO Token

MECO Token Fair Launch

MET (Metaverse ECO Token) is a decentralized platform governance certificate issued by MECO. It is a proof of rights and interests circulating in MECO. The purpose of its issuance is to help Canadian residents in wealth management participants in value storage, value circulation and value search. MET holders can not only enjoy the corresponding rights and interests of the whole ecology, but also can deeply participate in the future development planning and decision-making of MECO.

MET is a  ERC-20 certificate issued based on the Polygon (Matic) Mainnet network, 100 million in total. It can only be obtained by participating in the digital asset contribution "mining", lending business, and insurance business in the MECO financial ecosystem.

### **MECO DAO Token**

| Description   | Details                  |
| ------------- | ------------------------ |
| Token Name:   | Metaverse ECO Token（MET） |
| Protocol：     | Polygon (Matic) Mainnet  |
| Standard：     | ERC-20                   |
| Total Supply： | 100,000,000              |

**MECO Tokens will be distributed over 5 years according to the below schedule:**

| Year  | Weight | Amount (MET) |
| ----- | ------ | ------------ |
| 1     | 40.00% | 40,000,000   |
| 2     | 20.00% | 20,000,000   |
| 3     | 18.00% | 18,000,000   |
| 4     | 12.00% | 12,000,000   |
| 5     | 10.00% | 10,000,000   |
| Total | 100%   | 100,000,000  |

**MET Adopting constant deflation and regular DAO voting for fair issuance.**

### Token Allocation (Year 1)

| Hodlers                                      | Weight | Amount (MET) | Lock-up time（Day） |
| -------------------------------------------- | ------ | ------------ | ----------------- |
| DAO community autonomous lock-up mining      | 70.00% | 28,000,000   | 540               |
| MECO Team                                    | 10.00% | 4,000,000    | 365               |
| Ecological Development Fund                  | 10.00% | 4,000,000    | 90                |
| Project operation and maintenance management | 10.00% | 4,000,000    | Not               |
| Total                                        | 100%   | 40,000,000   |                   |

***Any tokens not mined in the first year will be burned.***