LOCK $METM FOR REWARDS

Daniel Lew
MetaMorph.Pro — DEX of Tomorrow $METM
2 min readOct 11, 2020

As part of the Morph.chat bot wallet we are very excited about our new Rewards Locking System.

The Rewards Locking System allows you to earn METM from transaction fees when you lock METM via the Morph.chat Telegram bot.

These transactions fees include:

  1. 2% of METM when people make a purchase in the Marketplace V1
  2. Payment for Marketplace Membership after 10 day free trial.
  3. Left over METM from withdrawal fees back to main Ethereum network

In summary — What we are working on now:

1. A reward system to be a part of the 2% buy and sell fee stake that is accumulated on the Marketplace V1 by locking 10,000+ $METM

2. Marketplace Membership. To be a seller there is a 20,000 METM fee after a 10 day trial. When you lock your METM you also get part of this pool.

3. Withdrawal fee of 5000 METM will be split to the pooled community → This will include left over METM from withdrawal fees happening now.

Get FREE Withdrawals for 1 year — COMING SOON

  • Lock 1,000,000 $METM to qualify for FREE withdrawals for 1 year (Withdrawal fee is normally 5000 METM)

Locking Morph.Chat Wallet:

Inside of Check Balance button there will be an extra button option to “lock METM.”

When you select this option that is when you will get rewarded as per events happen such as when another user becomes a member in the Marketplace for example, when they pay the 20,000 METM fee, the user will get a message stating a new member has signed up to the Marketplace (You have just been rewarded XXXX METM)

And it will also show a percentage of the amount the user holds in the Morph.chat “Check balance pool area — and the percentage they will receive for their rewards according to the METM they have locked.

When will this go Live?

Soon, please stay tuned, in the meantime simply hold your METM inside your Morph.chat wallet and be ready to lock when this new feature comes out.

Join Morph.chat here

--

--