[Week 1, January 2023] MEVerse Weekly Report

5. News & Updates

🔶 MEVerse DEX Protocol Fund Usage

MEVerse Team has proceeded buyback, provided liquidity and token burn to sustain value of MEFI and MEV.

Details are as follows.

📍Details
1,289 USDC swap to 33,429 MEFI
Liquidity Provide 33,032 MEFI with 1,289 USDC
Liquidity Provide 31,000 MEV with 7,649 MEFI
51,800 MEV to transfer Burn address

(*Total: $4,914 based on MEV $0.0093, based on MEFI price at $0.0385)

We will continue to do our best to sustain the value of MEV and MEFI with protocol fund.

Thank you

🔶 MEVerse’s Token Economy & Deflation System

We are excited to share this article that will help you to understand our token economy, inflation, and deflation system in the MEVerse mainnet!

MEVerse has reduced the mining rewards to decrease inflation and applied the burn and liquidity models to deflate its token economy in our mainnet.

Through this article, you will learn how we protect our token economy.

Please take a look.

✅Medium: https://medium.com/meverse/meverses-token-economy-deflation-system-d8139bf6b405

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About MEVerse

MEVerse, with its lightning-fast speed and low fees, is the most optimum platform for Metaverse, covering Entertainment, P2E games, DeFi, NFT, and others. MEVerse provides a customized multi-chain structure with an easy development environment for MApps and a fast and convenient environment for participants.

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Feel free to join and connect with us through our official channels below:

Website: https://www.meverse.sg/
Twitter: https://twitter.com/MEVerseOfficial
Telegram: https://t.me/MEVerse_EN