[Week 4, December 2022] 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
1,523 USDC swap to 34,834 MEFI
Liquidity Provide 34,372 MEFI with 1,523 USDC
Liquidity Provide 26,233 MEV with 7,102 MEFI
36,933 MEV to transfer Burn address

(*Total: $4,114 based on MEV $0.012, based on MEFI price at $0.044)

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

Thank you.

🔶 The updates of MEVerse Scan & MEVerse DEX
We are excited to share the update announcement with you all regarding MEVerse Scan and MEVerse DEX.

<MEVerse Scan Updates>

✅ MEVerse-based token details & Holders
In MEVerse Scan, you can view all of the MEVerse-based token details. You can also view the token details by directly typing the MEVerse-based token name and viewing each token holder. As of today, a total of 165,144 people are holding MEV.

✅ Lockup Info
In the ‘Lockup Info’ tab on MEverse Scan, you can view the Formulator charts by weekly, monthly, and all. The amount of Formulator and mining rewards are available to view as well.

✅ Transaction Time
Previously, the transaction timestamp and age were shown at the same time in MEVerse Scan, but from now on Age will be only shown in MEVerse Scan. However, you can view the timestamp based on UTC by clicking the age tab or doing a Mouse hover.

<MEVerse DEX updates>

✅ Chart tab update
As we updated the ‘Chart’ tab in MEVerse DEX, you can view MEV and other MEVerse-based token charts.

We will continue to update our services to provide a great experience and convenient environment to our users.

Thank you.

➡️MEVerse Scan: https://www.meversescan.io/
➡️MEVerse DEX: https://meversedex.io/charts

🔶 Announcement of MEVerse Mainnet Fee Adjustment
We have shared with you all regarding our launch of Ethereum Virtual Machine (EVM) plan to lower the entry barriers and maximize the accessibility of the blockchain ecosystem and expand our blockchain technology utilization. Our EVM launching date is getting close. Therefore, we inform you of our part of another plan, the MEVerse Mainnet Fee Adjustment.

Please view an example transaction fee; however, each transaction fee may differ at each address.

(Example)
➡️Token transfer — 1.0163 MEV
➡️Token approve — 0.8835 MEV
➡️Swap — 1.4968 MEV
➡️NFT Transfer — 1.209 MEV
➡️Buy — 4.5716 MEV
➡️NFT approve — 0.9186 MEV
➡️Suggest — 1.0386 MEV
➡️Accept — 3.8221 MEV
➡️Add LP — 1.8677 MEV
➡️Remove LP — 1.7023 MEV
➡️Farm deposit — 1.3906 MEV
➡️Farm harvest — 1.4359 MEV
➡️Farm withdraw — 1.5456 MEV
➡️Minting — 2.7164 MEV
➡️Reveal — 7.6961 / 7.7003 MEV
➡️PKT -> PKS — 2.0946 MEV
➡️Bridge(Convert) — 2.046 MEV

Team MEVerse adjusted the fee to prevent malicious transaction attacks such as Distributed Denial of Services(DDoS). Each transaction fee will be calculated based on computing resources consumed by transactions, and this actual fee adjustment will be applied once we launch the EVM.

Thank you.