MTC realized the matching of traffic applications at the traffic layer, circulation layer, mining mechanism, and application layer.
Fettered by issues such as technology and mode, the blockchain industry has always lacked large-scale traffic applications. MTC uses this as the basis of innovation. On the basis of the drawbacks of traditional traffic, it goes a step further to crack the core pain point of the lack of large-scale traffic applications in the blockchain. It not only builds a ladder between traditional traffic and blockchain traffic, also builds a traffic ladder in the blockchain industry.
According to the MTC Metcalfe ecological economic model, the total number of M coins is 21 million, of which 51% of the tokens can be obtained by participating in the first super node “Showlike+” mining, and users can use the Showlike+ application to obtain relevant behavioral rewards, MTC ecological developers and MTC-related super nodes will each receive 5% M currency incentives.
Another 39% of M coins are generated through POS mining, and POS mining will start after the third halving cycle.
Among them, the main factors affecting the efficiency of M coin mining are three points: the number of staking M coins, the decline in the number, and the mining cycle. In the MTC mechanism, the number of M coin mining pools will decrease by 98% every month, and the block generation time per unit block will be extended by 6.7%.
In layman’s terms, the larger the number of user staking, the more M tokens contained in a unit block; the earlier you participate in mining, the shorter the time required to dig a unit block, the M tokens contained the larger the number, the faster the value test and ecological layout of the MTC public chain can be realized through the early incentive mechanism.
In addition, under the MTC ecological economic model system, MTC will repurchase and destroy M coins in proportion to the halving cycle to promote the cohesion of sustainable value consensus.
In the first halving cycle, MTC will use 30% of its ecological revenue to repurchase and burn M tokens, and it will decrease at a rate of 5% per cycle. After the sixth halving cycle, MTC will use 5% of ecological revenue to repurchase and destroy M tokens, and eventually achieve the destruction of M tokens to 2.1 million, which will circulate in the ecosystem.
As the first generation of intelligent traffic application aggregation public chain, MTC has realized the matching of traffic applications at the traffic layer, circulation layer, mining mechanism and application layer to promote the implementation of blockchain applications.
According to a new report from consulting firm PricewaterhouseCoopers (PWC), if blockchain technology is applied on a global scale, by 2030, the application of blockchain will be the global gross domestic product (GDP) Brings 1.76 trillion dollars in growth.
In the future, blockchain applications will be a blue ocean of development. For MTC, this is both an opportunity and a challenge. What we have to do now is to take every step steadily.
From the development of traditional business to the PC Internet era, to the mobile Internet, and then to the current era of value interconnection, every time technology brings rapid growth in the amount of information, it also brings changes in traffic management mechanisms. It may change our perceptions. Ways of knowing, lifestyle, consumption or entertainment.
In today’s era of value interconnection, blockchain technology is an indispensable technology. As the basic unit of traffic, the value created by users must belong to them. This is actually a return of value in a certain sense. As a new generation of intelligent traffic engine, MTC wants to do the same to return the value of traffic to users themselves.