Overview
Last updated
Last updated
The MESI token serves as the backbone of transactions and interactions on the platform, particularly on the web app. Its role includes payment processing, instant settlement with creators, rewards, governance, and gamification.
While the web app fully integrates MESI token functionality, the mobile app focuses more on fiat transactions due to App Store restrictions that require pricing and payments in fiat currency.
Transactional Currency: Facilitates buying, selling, and trading of NFTs. Covers transaction fees on the Creator Chain, and in-app fees for transactions and payments executed in MESI tokens. Functions as the default payment method for: Subscriptions. Private messages and Tipping.
Incentives and Rewards: Users earn MESI tokens indirectly through engagement metrics such as likes, shares, and purchases. This indirect mechanism distributes rewards first at the gallery and NFT levels, determined by their engagement ratings.
Staking and Locking: Users earn Influence Points by staking and locking MESI tokens. which allows them to unlock platform benefits and higher account tiers.
Micro-Loans: MESI tokens act as collateral for platform-based micro-loans. Loan eligibility requires locking MESI tokens worth 300% of the loan value.
Gamification: The MESI token is central to the platform's gamified experience, playing a key role in account tier progression and boosting user, NFT, and gallery engagement scores. These factors directly influence uploads' positioning on the platform and their monetization potential.
Content Monetization: Creators can set licensing fees for content usage, which are paid in MESI tokens. Additionally, ad revenue generated from NFTs is facilitated through the MESI token
Payment Gateway: The Mesi web app supports different payment methods, including MESI tokens.
Governance: Users can submit proposals for platform improvements, the number of which is directly tied to the account tier (resulting from the amount of MESI tokens staked/ locked). Future plans may integrate MESI tokens as part of the direct governance and decision-making process around the platform.
Affiliates Collateral: Affiliates provide MESI tokens as collateral for ad promotions. Breaking advertising rules results in penalties deducted from locked tokens.
Banking as a Service: BaaS Layers link MESI tokens to a payment card for both online and offline transactions.
Instant settlement: Thanks to MESI tokens, the Mesi platform is the only one that supports instant settlements with creators.
Proof-of-stake utility: MESI tokens enable a Proof-of-Stake (PoS) feature that allows users to stake a specific amount of tokens to become validators connecting their nodes (servers) to the Mesi network, and contribute to the Creator Chain's security and transaction validation in exchange for rewards.
The MESI token will be distributed in two stages:
To be performed on Ethereum as an ERC-20 token.
Distribution exclusively to early investors.
Trading pairs will be created and supported only on Ethereum, with no support for other blockchains.
To be performed on the Creator Chain (see Technology and Backend).
Distribution to public investors and all other entitled parties.
Trading pairs will be created and supported on the Creator Chain with continued support to Ethereum trading pairs.
An Ethereum ↔ Creator Chain bridge will be launched alongside the second token distribution.
Token Migration: Ethereum token holders will be encouraged to transfer their tokens to the Creator Chain.
Liquidity Concentration: Over time, MESI will facilitate the migration of tokens from Ethereum (and other chains if they will be supported mid-through) back to the Creator Chain, aiming to consolidate token liquidity depth (see Economy of MESI).
To obtain and hold Mesi tokens, you need a blockchain wallet. Options include:
Ethereum Wallet: For tokens distributed in a first-round
Creator Chain Wallet: For tokens distributed in a second round and migrated from Ethereum to Creator Chain.
Distribution
Secondary Market
Mesi App Users
Welcome Bonus
Tokens available through potential future trading pairs
Purchase directly from other users / token holders.
As per details above and section
Please refer to