Multichain Token Economy and Rewards: MEGA Ecopot
Hello Meshswap Community Members!
On January 30th, Ozys launched KLAYswap’s second frontier protocol, Megaton Finance, on the TON (Telegram Open Network) blockchain, following Meshswap.
Megaton Finance has achieved over $12M in TVL and is rapidly attracting native liquidity and users (March 9th, 2023).
Ozys, a company specializing in blockchain scalability and interoperability, continuously strives to expand its global ecosystem. The release of Megaton Finance this time is significant in that it overcomes the fragmentation of the non-EVM (not Ethereum compatible) ecosystem and creates synergy based on the interconnection between not only the Ethereum Virtual Machine (EVM, Ethereum compatible) chain but also Layer 1 chain of non-EVM.
The launch of Megaton Finance allows the integration of KLAYswap, Meshswap, and Megaton Finance, allowing the mutual inflow of users and native liquidity between the TON chain and the Polygon chain. Through wide-ranging interoperation among protocols beyond chains, users within the multi-chain economic ecosystem will receive rewards and benefits. To ensure that the MESH community fully benefits, Meshswap will continue to distribute Megaton Finance’s governance token, MEGA, through Ecopot.
MEGA Ecopot: 1% of MEGA allocation for MESH Community
The MEGA Ecopot is a reward for vMESH holders, who are key players in Meshswap’s global autonomous finance universe. Anyone who holds vMESH can participate in Ecopot and receive rewards. The MEGA Ecopot allocates 1% of the MEGA inflation as Ecopot rewards, which will be distributed over six years to vMESH holders who have participated in the MEGA Ecopot.
* Distributed token: oMEGA
* Distribution target: MESH staking participants (vMESH holders)
* Daily distribution amount: 462 oMEGA (1% of daily MEGA allocation)
* Distribution period: Continuous distribution for 6 years
* Distribution date: March 16th, 2023
Operational expansion of MESH and KSP
As Megaton Finance opens up new possibilities for MESH and KSP tokens, both communities are rewarding their members with MEGA rewards. With the increased utilization of MESH and KSP tokens, users can generate more profit by navigating between each protocol’s ecosystem. With Megaton Finance, users can engage in yield farming by using MESH and KSP, which are stable liquidity sources.
The MEGA incentives also allow MESH and KSP holders to preempt the opportunity to mine the governance tokens of Megaton Finance, a core DEX on the TON chain.
Users who provide liquidity to the oMESH-MEGA pool or oKSP-MEGA pool on Megaton Finance can receive additional MEGA incentives along with trading fees. With this, MESH and KSP holders can earn additional profits using MESH and KSP on the TON chain along with Polygon and Klaytn chains. MESH and KSP will be utilized and traded as assets for liquidity supply on the TON chain and will grow as a strong pool in Megaton Finance. As the demand for MESH and KSP increases, their prices will stabilize, along with circulation. Ultimately, the multi-chain token economy utilizing a new frontier protocol (Megaton Finance) will become a new growth driver for Meshswap and KLAYswap, contributing to the value appreciation of MESH and KSP, and community strengthening.
Conclusion
Meshswap’s global autonomous finance universe will continue to provide strong rewards to the vMESH community, and we encourage vMESH holders to participate in future financial opportunities.
[Meshswap]
Official Website: https://meshswap.fi
Docs: https://docs.meshswap.fi/
Medium: https://medium.com/@Meshswap
Telegram: https://t.me/MeshswapChannel
Discord: https://discord.com/invite/cJwDawd8Ef
Twitter: https://twitter.com/Meshswap_Fi
Facebook: https://www.facebook.com/Meshswap
Instagram: https://www.instagram.com/meshswap
[Team & Product]
Ozys: https://ozys.io/
Orbit Chain: https://orbitchain.io
Orbit Bridge: https://bridge.orbitchain.io/
KLAYswap: https://klayswap.com/
Megaton Finance: https://megaton.fi/
Belt Finance: https://belt.fi/landing
