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AMA with MIRAI | Transcript

Q: It seems like your system contains a lot of products and ideas, how do you plan to make it work together? Do you plan to have only one token? What will you place the greatest emphasis on?

A: Great question! Let me try to summarize what we’ve built in terms of token economics and product models.

First of all, Mirai Labs is the crypto ecosystem that is expediting the building of a sustainable world 3.0.

How? By delivering the power of DeFi, NFTs, GameFi, and UX to the next wave of sustainable consumers, investors, entrepreneurs, and brands.

Today, we are experimenting with and incubating projects that are positioning themselves in the new Crypto Decade of E-commerce and Sustainability. Our purpose is to change the approach to Sustainability and challenge the status quo of the Sustainable Market and the Green Economy.

The first project of Mirai Labs, Save The Future, has mended the bridge between Crypto and E-commerce to serve as a catalyst for the adoption of sustainable behaviors/products, as well as bolster sustainable brands and their potential consumers. We built a new DeFi protocol and NFT-empowering drop-shipping marketplace around deflationary tokenomics, gamified interactivity, sustainability, and community.

There are two tokens that drive this platform/ecosystem:

  • Mirai is the utility and tokenomics-centered economic incentive.
  • Nala is the governance token.

We can go deeper along the way.

Q: How will the Mirai token be used in the ecosystem? What additional incentives users can get by holding a token, and is there any coin-burning method to make the token deflationary?

A: For sure.

Our tokens are the fuel of the SaveFuture Protocol.

Mirai has 3 functions:

  1. It allows farming Nala.
  2. It allows joining features and competition inside the platform.
  3. It allows farming collectibles that can spread climate awareness in a futuristic way.

Every 30 days, we reward the top users with airdrops and products from our brand partners.

We are delighted to be the main crypto sponsor of the biggest worldwide NFT exhibition ever created, happening in Milan this November and powered by Dart Milano and Wrong Theory. We will also partner with the top NFT artists to produce epic NFT art that can spread climate awareness.

Also, we partner with Lamborghini and their Lamborghini electric bike.

As I said before, Mirai has some interesting tokenomics: there is a transaction fee when people trade Mirai + reflection mechanism + burning + delegated donations.

A. Elastic Virtual Rewards.

Our reflection model is optimized to scale from day 1 by avoiding computation overload and introducing the concept of rewards’ virtualization. The actual reward is effectively registered, and it appears on the wallet only when the user is active through their wallet (by performing any form of transaction on the blockchain or through a manual claim on the e-commerce platform savethefuture.finance).

The elastic reflection model we created is innovative and scalable since day 1, as said in the white paper. It benefits the entire community and token value, it is long-term, plus it avoids issues in case of PancakeSwap crazy future volumes (that was the SafeMoon problem). The amount you’ve bought cannot and will never change. Of course. This innovative model stops whales from getting a higher and higher % of reflections (that’s where SafeMoon has failed with V1). It avoids crazy market inflation. Most importantly, it benefits savethefuture.finance.

B. Math Burning.

Our burn model is optimized from day 1. For every transaction, a % of tokens is mathematically destroyed (instead of being sent to a burn wallet).

C. Optimized LP.

Contrary to other non-scalable projects, we are performing a semi-automatic LP function which is performed every 2 weeks in order to scale our smart contract from day 1.

D. Delegated donation.

The concept of an automatic delegated donation allows a user to delegate to Save The Future the creation of a green fund: this is a clear, decentralized, and community-driven green fund function. The goal is to finance green causes and new eco projects (brands, ideas, etc.), taking eco-sustainability to the next level. The account and address are public. Each account transaction is monitored and information is shared with the community constantly on the site.

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Nala is the governance token. You can generate Nala by farming Mirai. Nala can also be staked.

Most importantly:

1) You can buy NFTs that spread climate awareness from top artists. Shop eco-friendly products. Pay with crypto to help plant trees. Use NALA for discounts or free shipping.

2) You can hold MIRAI, farm NALA and farm green NFTs from top artists to collect or resell them. You will also earn staking rewards in NALA by holding NFTized real-world eco-friendly products or resell them to earn even more.

3) In order to fully benefit/earn through our platform, you need to hold NALA.

Q: How flexible is Mirai Labs to adapt quickly and innovatively to unexpected changes that the market may demand, both from a cryptographic or a financial point of view? And from a playability point of view, what participation does the community have in the development of the project?

A: Extremely flexible since we are driven by our purpose: to evolve Sustainability through crypto.

Now, the community has a big role in this, since they will govern the platform and our future-driven protocol by voting with their Nala token and by choosing rewards, partners, products, and community incentives.

The community is deeply involved in the vision of Mirai Labs that is to become the leading ecosystem to design a 3.0 Sustainable Future with the strongest community and economic incentives.

Sustainability needs to be seen as a cool thing.

Q: Tell us how you plan to combine gamification and environment-saving ideas? Do you plan to launch your own games?

A:

We have competitions, leaderboards, and factions inside the platform. People can compete against other users and teams. The score of each user is influenced by how many tokens they hold, how many referrals, how many NFTs they have, how many products they bought or traded, how many trades they did, and how much time they spent on the platform.

The goal is to make sure that the community is incentivized to act and drives sustainability forward while making money.

The green crypto NFTer and dropshipper will be the next big opportunities. The eco evolution, driven by crypto, is coming, and we want to be a part of it

We are combining the best of SushiSwap, OpenSea, and Shopify.

We are not planning to build games. We will iterate our features to make sure that the community can have some fun.

Q: For some play-to-earn games, players need to spend fortunes in order to earn, and if they don’t invest heavily, what they earn can’t even pay for gas fees used during games. What does it cost to play this game and how profitable can it really be?

A: It costs time.

People need to be active to be rewarded with tokens and products. Effort-to-earn, this is what we call it.

We are the effort-to-earn crypto green NFT e-Commerce platform.

Q: The SaveFuture Protocol, powered by Mirai Labs, is first and foremost an experiment that aims to help save the future of our planet. Can we get more details about that? What is your step-by-step plan?

A:

This is our ultimate plan, and we are committed to following it:

1) We’ve built a community of early adopters, built the infrastructure of our platform, and provided the first community with economic incentives.

2) We’ve built the NFT product model and partnered with crazy relevant brands and professionals.

3) We are currently in the process of connecting the dots.

Q: Are you an NFT project? Do you launch your own NFT or are you preparing something like a marketplace for creators?

A:

As said, we’ve built a new DeFi protocol and NFT-empowering drop-shipping marketplace around deflationary tokenomics, gamified interactivity, sustainability, and community.

We are combining the best of SushiSwap, OpenSea, and Shopify.

1) You can buy NFTs that spread climate awareness from top artists. Shop eco-friendly products. Pay with crypto to help plant trees. Use NALA for discounts or free shipping.

2) You can hold MIRAI, farm NALA, and farm green NFTs from top artists to collect or resell them. You will also earn staking rewards in NALA by holding NFTized real-world eco-friendly products or reselling them to earn even more.

We partner with the top NFT artists + we work to NFTize sustainable products (goods, services, and lands).

Again, the green crypto NFTer and dropshipper will be the next big opportunities.

Q: In 2021, quite a few cryptocurrency projects were launched. Analysts expect a similar situation in 2022 or even higher results. How do you plan to stand in a market with such competition? Do you have any action plan for 2022? Thank you.

A: 2022 is the year of harvesting what we farmed in 2021. That means completing what we’ve started and doubling down on our products and innovations.

Some of our upcoming product launches include:

  • Launch of the decentralized drop-shipping protocol in full mode.
  • Completion of the NFT tokenization process of eco brands.
  • Test the VR-based avatar shop experience powered by OVR.
  • Transition to a new carbon-free blockchain such as Elysium.
  • Launch of green stable tokens for the e-Commerce world.
  • Acceleration of the NFT tokenization process of smart green crypto villages all around Latin America + other countries.

The green eco evolution is coming.

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WhiteBIT is a centralized European exchange. We guarantee security, reliability and lower fees for our users. Trade your way with us! https://whitebit.com/

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WhiteBIT

WhiteBIT

WhiteBIT is a crypto exchange platform. We guarantee security, reliability and lower fees for our users. Trade your way with us! https://whitebit.com/

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