MetaNova Verse Documentation
  • MetaNova Verse Introduction
    • Metanovaverse
    • Tokens
    • Transactions
    • Inflation
    • Keys
      • Keyring
      • Multisig
    • Gas Fees
    • Wallet and Accounts
      • Adding Metanovaverse to Metamask
      • Adding Metanovaverse to Keplr
      • Transfers Between Wallets
      • Backup
    • Deploying Smart Contracts
      • Remix
      • Hardhat
  • Metanovaverse Summary
  • The MNV Token
  • Governance
    • Proposals
      • Proposal Tips
      • Submit a Proposal
    • Community Pool
    • Chain Parameters
  • Technical Concepts
    • Architecture
    • Accounts
    • Chain ID
    • Encoding
    • Pending State
  • dApp Developers
    • Establishing Connections
    • Metanovaverse Clients
    • Guides
      • Wallet Integration
      • Smart Contract Incentive Registration
      • Tracing Transactions
      • Query Balances
    • Testnet
      • Testnet Commands
    • Ethereum JSON-RPC
      • JSON-RPC Server
      • Running the Server
      • Namespaces
      • JSON-RPC Methods
      • Events
  • Protocol Developers
    • Modules
      • auth
        • Concepts
        • State
        • AnteHandlers
        • Keepers
        • Vesting
        • Parameters
        • Client Auth
      • bank
        • State
        • Keepers
        • Messages
        • Events
        • Parameters
        • Client
      • crisis
        • State
        • Messages
        • Events
        • Parameters
        • Client
      • distribution
        • Concepts
        • State
        • Begin Block
        • Messages
        • Hooks
        • Events
        • Parameters
        • Client
      • epochs
        • Concepts
        • State
        • Events
        • Keepers
        • Hooks
        • Queries
        • Future Improvements
      • erc20
        • Concepts
        • State
        • State Transitions
        • Transactions
        • Hooks
        • Events
        • Parameters
        • Clients
      • evidence
        • Concepts
        • State
        • Messages
        • Events
        • Parameters
        • BeginBlock
        • Client
      • evm
        • Concepts
        • State
        • State Transitions
        • Transactions
        • ABCI
        • Hooks
        • Events
        • Parameters
        • Client
      • feemarket
        • Concepts
        • State
        • Begin block
        • End block
        • AnteHandlers
        • Keeper
        • Events
        • Client
        • Future Improvements
        • Parameters
      • feesplit
        • Concepts
        • State
        • State Transitions
        • Transactions
        • Hooks
        • Events
        • Parameters
        • Clients
        • Future Improvements
      • gov
        • Concepts
        • State
        • Messages
        • Events
        • Future Improvements
        • Parameters
        • Client
      • incentives
        • Concepts
        • State
        • State Transitions
        • Transactions
        • Hooks
        • Events
        • Parameters
        • Clients
      • ibc-core
      • inflation
        • Concepts
        • State
        • Hooks
        • Events
        • Parameters
        • Clients
      • slashing
        • Concepts
        • State
        • Messages
        • BeginBlock
        • Hooks
        • Events
        • Staking Tombstone
        • Parameters
        • CLI
      • staking
        • State
        • State Transitions
        • Messages
        • Begin-Block
        • End-Block
        • Hooks
        • Events
        • Parameters
        • Client
      • upgrade
        • Concepts
        • State
        • Events
        • Client
        • Resources
      • vesting
        • Concepts
        • State
        • State Transitions
        • Transactions
        • AnteHandlers
        • Events
        • Clients
  • Validators
    • Quick Start
    • Telemetry
    • Security
      • Tendermint KMS
      • Tendermint KMS + Ledger
      • Validator Security Checklist
      • Validator Backup
    • Snapshots, Archive Nodes
    • FAQ
  • Delegators
    • Staking Process
  • Tokenomics
  • Block Explorers
Powered by GitBook
On this page
  • The MNV Token
  • Key Highlights of MNV
  • Inflation
  • Gas Fees
  • Validators
  • Delegators

Tokenomics

The following is a brief outline of the tokenomics of Metanovaverse, its supply and distribution, use cases within the ecosystem and beyond, and the use of funds.

PreviousStaking ProcessNextBlock Explorers

Last updated 5 months ago

The MNV Token

MNV, the native token of Metanovaverse Network in both Testnet and Mainnet, is the core of our ecosystem that powers all of the low-cost gas fees, rewards for Validators & Delegators, as well as dApp & protocol developers. MNV is compatible with ERC20 and other Ethereum standards, in addition to powering our Community Pool, gas fees, and staking on the Ethereum Virtual Machine (EVM). In addition to gas fees, it is also the token for staking rewards and validator rewards.

TOKEN Name – MNV Supply – 100 Billion Allocation: Contribution Earnings – 40% Community Rewards – 20% Marketing – 5% Airdrops – 5% Team – 15% LP Pool – 5% Foundation – 10% MNV is also available on BSC token on token contract. The balances of this token will be mirrored to TGE initial distribution on the MetaNovaVerse MainNet. The balances in BSC Mainnet will be final and carried over to the MainNet. The balances in Testnet will not be carried over to MainNet.

In future, MNV token will be available in other major chains as well with bridging to the Mainnet.

Key Highlights of MNV

Gas Fees

All gas fees within the Metanovaverse ecosystem will be paid using MNV tokens, creating locality and high efficiency.

Staking Rewards

Delegators (stakers) on our network can earn an APY of up to 10% — depending on factors like choice of Validator.

In-app Payments

Partners, affiliated projects, dApp & protocol developers can make MNV a form of payment in their own ecosystems.

Node Operation

Validators, who help keep the network running, will use MNV for charging fees on-chain.

Inflation

MNV inflation is fixed at 10% per year.

Gas Fees

Metanovaverse tracks and manages its ecosystem's gas the exact same way Ethereum does to ensure proper execution. MNV is the native token used for gas fees.

Calculating Gas Fees

Gas fees are calculated using the sum of all gas in a from the sum of all gas consumed in a message execution. So, the fee is equivalent to the gas multiplied by the gas price.

Validators

Validators are participants in PoS (Proof-of-Stake) networks who keep the blockchain running by creating new blocks and confirming transactions.

Validators have the freedom of setting their own fees that Delegators (stakers) would pay to access nodes on the network.

Delegators

Delegators, in PoS chains, are users who fill the role of stakers. They must choose a Validator to help delegate their tokens for node access, and pay a certain amount in fees.

Like validating, delegating can be configured and started using either a CLI on users’ personal computers or a browser-based GUIs built by Metanovaverse that connect to their wallet and allow them to set delegation parameters, then displaying potential earnings.

https://bscscan.com/token/0x591c3b5065C3812Ce9382ff82c59932701f521aD