Huge Ecosystem Update: Introducing MTFi — a New DeFi Token For MT Tower Ecosystem.
Cryptocurrency ecosystems are constantly evolving, offering innovative solutions and products to meet the demands of investors and users. One such addition to the cryptocurrency landscape is the introduction of MTFi, a new DeFi token designed to enhance the MT Tower ecosystem. Developed by Tokenomia.Pro, MTFi aims to enhance the strength and value of the existing MT token while introducing new features and tools.
Development by Tokenomia.Pro
Tokenomia.Pro, a reputable player in the blockchain space, spearheaded the development of MTFi. Focusing on increasing decentralization and financial sovereignty, Tokenomia.Pro sought to create a tokenomy that seamlessly complements the MT Tower ecosystem. Through meticulous planning and rigorous development, MTFi has become a promising addition to the cryptocurrency market.
Expanding the MT Tower ecosystem
The introduction of MTFi marks a significant milestone in the expansion of the MT Tower ecosystem. With new staking capabilities available for both MT and MTFi tokens, users can actively participate in the MT Tower ecosystem while earning rewards. The expansion also aims to strengthen the value of the MT token.
MTFi’s role in the MT Tower ecosystem
The MT Tower ecosystem welcomes the arrival of MTFi, as it marks a new phase of growth and utility. With a supply of 250,000,000 tokens deployed on the Polygon blockchain, MTFi serves as an extension of the MT Tower ecosystem and as an enhancement of the value of the MT token. Its main goal is to increase the value and power of the MT token while introducing new use cases that benefit both tokens.
Details of the MTFi token
- Blockchain and supply
The MTFi (Meta Tower Finance) token was created on the Polygon blockchain in 250,000,000 units. Its initial price is $0.18. The maximum distribution of the token is 125,000,000.
2. Comparison with MT token
Compared to the MT token, MTFi offers a smaller supply, thus increasing its rarity and potential increase in value. However, the two tokens share a symbiotic relationship within the MT Tower ecosystem, allowing users to explore different staking and utility options, and carrying the possibility of converting an MT token in exchange for receiving an MTFi token.
MT and MTFi Utilities
- MT token utilities
- Settlement currency in MT
- Payment for content and services
- Games and entertainment
- Rewards for commitment
- Loyalty programs
- PLD NFT
2. MTFI Token Utilities
- Participation in the virtual economy
- Ownership of virtual property
- Unique digital collections
- Entitlement and access
- Discount and priority in real estate NFT
Staking Opportunities
Staking is a fundamental aspect of MT Tower’s enhanced ecosystem, offering users the opportunity to earn rewards while actively participating in validation and network management processes. There are two primary staking options available in the MTFi ecosystem, each offering unique benefits and rewards:
- MT token staking
MT token staking allows users to earn rewards in the form of MTFi tokens. By locking their MT tokens into designated smart contracts, participants contribute to the security and stability of the MTFi network. In exchange for staked MT tokens, users receive regular distributions of MTFi tokens as incentives.
2. Staking MTFi tokens
MTFi token holders can also participate in staking to earn rewards, albeit in a different form. Instead of receiving more MTFi tokens, participants receive USDT (Tether) rewards for wagering on their MTFi tokens. This double-staking mechanism diversifies the reward structure in the ecosystem, providing users with flexibility and choice.
3. Staking Plus as an additional option, increasing the immeasurable value of the MT token and the initial capital security of the MTFi token.
The “plus” option of staking, is not a separate product and does not have to be redeemed. These are free-choice options. It does not change the rules of staking, it only adds value, or collateral, to investors who redeem it.
MT Staking plus — by choosing the additional “plus” option in MT staking, each staker receives the following perks:
- early access to new MT Tower products and games
- participation in prizes
- unique digital collections
- additional rewards for commitment
- partner and internal airdrops related to MT Tower events
MTFi Staking plus — by selecting the “plus” option in MTFi staking, the user can protect himself, against a drop in the (stock market) value of the token, below an acceptable value.
Example:
Staker accepts a decrease in the market value of MTFi by 20%. However, below this decrease, he no longer accepts the value of the token. In this case, he can buy insurance, guaranteeing him a return of the difference in value, if the value falls below the acceptable drop of 20%.
Rewards and APR
The annual initial percentage rate (APR) for staking in the MT Tower ecosystem is about 15% for an MT token and about 12% for an MTFi token. This competitive APR reflects the attractiveness of staking in the ecosystem, offering users a significant return on staked assets. Whether betting on MT tokens for MTFi rewards or betting on MTFi tokens for USDT rewards, participants can expect consistent and rewarding staking.
Token conversion option
Participants in the MT Tower ecosystem have the option to convert their MT tokens to MTFi tokens at any time. This conversion process eases the transition between the two tokens, allowing users to take advantage of the features and tools offered by MTFi within the ecosystem.
- Conversion mechanics
The conversion process involves the exchange of MT tokens for MTFi tokens at a 1:1 conversion rate specified in USDT, providing users with a fair and transparent conversion mechanism.
During the MTFi token pre-sale period, users can receive a bonus of 25% more MTFi tokens for converted MT tokens, increasing the attractiveness of the conversion option and encouraging early adoption of MTFi tokens.
2. Strengthening the ecosystem
The conversion option is key in strengthening the overall MT Tower ecosystem. By facilitating the adoption and use of MTFi tokens, the conversion process contributes to the liquidity, utility, and value of MT and MTFi tokens. During the conversion from MT to MTFi, MT tokens are burned, reducing their supply in circulation. This burning mechanism not only reduces the supply of MT Tokens but also increases their scarcity and overall value in the ecosystem.
