Four Key Components Of Metcalfe Chain

— — Metcalf ecological economy model

Metcalfe’s Law tells us that the value of the network is equal to the number of nodes in the network squared, so V is equal to n squared (V is the total value of the network, n is the number of users). The rule means, if there are n people in a network, so network for each person’s value and the network is proportional to the number of others, the total value of such networks for all and the n (n — 1) = n2 — n is proportional to the if everyone in a network of network value is 1 RMB, so scale is 10 times as much as the network is equal to the total value of 100 RMB The total value of a network with a scale of 100 times is equal to 10,000 RMB. The network with a scale of 10 times increases in value by 100 times.

Inspired by Metcalfe’s Law, we put forward Metcalfe’s ecological economy model. We regard MTC application ecology as the user, and the value of the whole MTC is V. We will design an economic mechanism of feedback, and the access of each flow application will bring square plus multiplication growth to the value of the whole MTC

Metcalfe’s ecological economy model

Metcalfe Token（Short for M token）is the ecological credits of the intelligent chain, and M Token is the token issued by MTC, which is the equity certificate of MTC community. Showlike+ aggregated live streaming platform will become the first ecological application and the first batch of ecological nodes of MTC intelligent chain.

M token total supply is 21million, no additional issue, and 100% will be released to users through mining.

M token distribution： 51% pre-mining, 39% is produced by POS mining, POS mining will start from the first halving of M token, 5% is distributed to MTC ecology developer, 5%.

The PoS mining will be started after the first halving period of MTC token. 5% will be allocated to MTC eco-developers, and 5% will be distributed to MTC super node by the mining pool.

Among them, the first block of pre-excavation is dug by the MTC super node Showlike+ aggregated live streaming platform, and will be rewarded to all users of the Showlike+ ecological platform through mining.

M Token Mining mechanism

Several factors affecting the mining efficiency of token M:

M token mining pool basic mining output is PC: PC is determined by the amount of Staking M token of users，the higher the Staking level is, the more PC one have;

M token mining pool amount attenuation factor PM: M token mining pool is dug for one month, attenuation rate is 98%, the number of M tokens that can be dug out per unit of computing power decayed to 98%.

M token mining pool comprehensive mining period is PT: M token mining pool is dug for one month, PT increases 6.7%, the time to dig out block M token unit increased by 6.7%.

M token mining pool combined mining rate is &=PC*PM/PT

As a result:

· The greater the number of Staking, the greater the number of M tokens contained in the unit block;

· The earlier you dig, the less time it will take to dig out a unit block;

· The earlier you start digging, the more tokens you will find in the unit block;

· After every 10 months, the comprehensive mining rate of the &M token pool decodes to half of the original rate, that is, the halving period of the M token is 10 months.