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Tokenomics

What is the $MATE Token?

The $MATE token is a key element of the Mateico ecosystem, playing a significant role in creating a dynamic and harmonious ecosystem for artists, creators, and investors. Built on the environmentally friendly, fast, and secure XDC Network blockchain, the $MATE token offers a range of applications that revolutionize the landscape of art, creativity, entertainment, and investment.

Basic Information

Blockchain: XDC Network
Standard: XRC20 ( EVM )
Model: Deflationary
Maximum Supply: 500 000 000
Maximum Circulating Supply: 70 000 000
Initial Price: $0.1
$MATE contract: xdc03d57d26191dCe0392Ca611b2198514a8A7A887f
Vested $MATE contract: xdc88479debA6447E42bffFA17473A140182041606F

What is the $MATE Token?

The $MATE token is a key element of the Mateico ecosystem, playing a significant role in creating a dynamic and harmonious ecosystem for artists, creators, and investors. Built on the environmentally friendly, fast, and secure XDC Network blockchain, the $MATE token offers a range of applications that revolutionize the landscape of art, creativity, entertainment, and investment.

Basic Information

Blockchain: XDC Network
Standard: XRC20 ( EVM )
Model: Deflationary
Maximum Supply: 500 000 000
Maximum Circulating Supply: 70 000 000
Initial Price: $0.1
$MATE contract: xdc03d57d26191dCe0392Ca611b2198514a8A7A887f
Vested $MATE contract: xdc88479debA6447E42bffFA17473A140182041606F

Token Allocation

Team: 67 500 000
Marketing & Partners: 65 000 000
Listing: 15 000 000
Foundation: 10 000 000
Token Sale: 187 500 000
Rewards for community: 20 000 000
Rewards for artists: 30 000 000
Augmented Reality: 15 000 000
Metaverse: 10 000 000
Staking: 70 000 000
Reserve: 10 000 000

Check out the audit of our smart contract!

Check out the audit of our smart contract!

Token Allocation

Team: 67 500 000
Marketing & Partners: 65 000 000
Listing: 15 000 000
Foundation: 10 000 000
Token Sale: 187 500 000
Rewards for community: 20 000 000
Rewards for artists: 30 000 000
Augmented Reality: 15 000 000
Metaverse: 10 000 000
Staking: 70 000 000
Reserve: 10 000 000

Token sale

Token sale

Token Utility

Transactions, Fees, and Purchases

Platform fees paid with $MATE tokens create an economic model that stimulates artistic activity, creativity, and interactions within the Mateico community. This allows users to access diverse content and services while contributing to the ecosystem’s development. Transactions, subscriptions, store purchases, and donations—all operations and fees on the platform will require the use of the $MATE token.

Auctions

The $MATE token, a crucial element of the Mateico ecosystem, plays a significant role in both traditional and NFT-based auction processes. The token enables buying/selling in auctions and purchasing additional auction settings options. $MATE token holders can expect various discounts and benefits during auction creation and bidding.

Monetization of Creativity

Sale of artworks, granting ownership rights to digital files, creating collections, limited editions, exclusivity, access to premium content, virtual exhibitions, events, resale commissions. By enabling these monetization strategies, the $MATE token allows artists to directly benefit from their creations, promoting a balanced and thriving ecosystem within the Mateico platform.

Investing in Art Projects, Events, and Artists

Investors interested in supporting innovative artistic and creative projects can use the $MATE token to finance such initiatives. Investment opportunities include supporting the production of documentaries streamed on Mateico Player, organizing events like concerts, and participating in profits from ticket sales or supporting a rock band's album release and concert tour.

Creating, Selling, and Buying Tickets

The $MATE token will be used to create, manage, and sell event tickets and access unique experiences, such as backstage entry. Blockchain technology ensures a secure and transparent ticket management system, enhancing the attractiveness of the offered experiences.

Augmented Reality

The $MATE token, combined with AR applications and geolocation, opens new horizons for artistic, creative, and social interactions, creating innovative and engaging experiences for users. Interactive artworks, virtual tours and exploration, events and performances, virtual treasures and rewards, collecting, and many other exciting solutions in the fields of art, creativity, entertainment, and play are accessible using $MATE.

Token Utility

Transactions, Fees, and Purchases

Platform fees paid with $MATE tokens create an economic model that stimulates artistic activity, creativity, and interactions within the Mateico community. This allows users to access diverse content and services while contributing to the ecosystem’s development. Transactions, subscriptions, store purchases, and donations—all operations and fees on the platform will require the use of the $MATE token.

Auctions

The $MATE token, a crucial element of the Mateico ecosystem, plays a significant role in both traditional and NFT-based auction processes. The token enables buying/selling in auctions and purchasing additional auction settings options. $MATE token holders can expect various discounts and benefits during auction creation and bidding.

Monetization of Creativity

Sale of artworks, granting ownership rights to digital files, creating collections, limited editions, exclusivity, access to premium content, virtual exhibitions, events, resale commissions. By enabling these monetization strategies, the $MATE token allows artists to directly benefit from their creations, promoting a balanced and thriving ecosystem within the Mateico platform.

Investing in Art Projects, Events, and Artists

Investors interested in supporting innovative artistic and creative projects can use the $MATE token to finance such initiatives. Investment opportunities include supporting the production of documentaries streamed on Mateico Player, organizing events like concerts, and participating in profits from ticket sales or supporting a rock band’s album release and concert tour.

Creating, Selling, and Buying Tickets

The $MATE token will be used to create, manage, and sell event tickets and access unique experiences, such as backstage entry. Blockchain technology ensures a secure and transparent ticket management system, enhancing the attractiveness of the offered experiences.

Augmented Reality

The $MATE token, combined with AR applications and geolocation, opens new horizons for artistic, creative, and social interactions, creating innovative and engaging experiences for users. Interactive artworks, virtual tours and exploration, events and performances, virtual treasures and rewards, collecting, and many other exciting solutions in the fields of art, creativity, entertainment, and play are accessible using $MATE.

Metaverse

Digital exhibitions, events, concerts, and community gatherings. The $MATE token will play a crucial role in creating a payment, interaction, and capability ecosystem in the metaverse, opening doors to new forms of digital creativity, trade, entertainment, and investment.

Rewards for Creators and the Community

By using the $MATE token as rewards, Mateico incentivizes artists and community members to actively participate and contribute creatively. This not only highlights the value of their efforts but also strengthens bonds within the creative community, contributing to its dynamic development. Token roles in reward scenarios include artist recognition, contest and event prizes, participation in loyalty programs, rewarding content creators, community engagement, and event participation.

Marketing

We believe that our marketing services, combined with the use of the $MATE token, provide an innovative way to support artists, creators, and art galleries in their promotional efforts, while creating value for the entire Mateico ecosystem.

Mateico Store

Payment for products and services, unique collections, limited editions. Utilizing the $MATE token in the Mateico store not only streamlines the payment process but also creates additional opportunities for users to engage with the ecosystem and take advantage of available offerings. This innovative approach combines the token with the shopping experience, contributing to the development of the artistic and creative community.

Metaverse

Digital exhibitions, events, concerts, and community gatherings. The $MATE token will play a crucial role in creating a payment, interaction, and capability ecosystem in the metaverse, opening doors to new forms of digital creativity, trade, entertainment, and investment.

Rewards for Creators and the Community

By using the $MATE token as rewards, Mateico incentivizes artists and community members to actively participate and contribute creatively. This not only highlights the value of their efforts but also strengthens bonds within the creative community, contributing to its dynamic development. Token roles in reward scenarios include artist recognition, contest and event prizes, participation in loyalty programs, rewarding content creators, community engagement, and event participation.

Marketing

We believe that our marketing services, combined with the use of the $MATE token, provide an innovative way to support artists, creators, and art galleries in their promotional efforts, while creating value for the entire Mateico ecosystem.

Mateico Store

Payment for products and services, unique collections, limited editions. Utilizing the $MATE token in the Mateico store not only streamlines the payment process but also creates additional opportunities for users to engage with the ecosystem and take advantage of available offerings. This innovative approach combines the token with the shopping experience, contributing to the development of the artistic and creative community.

Vesting / Voting / Staking

Vesting

Gwarancja rozwoju projektu.

Vesting ensures protection against market manipulations in the initial, critical phases of the development of the project. Nearly all tokens from pre-sales will be subject to the vesting process. This means that investors will be unable to freely use them directly after purchase. It will be possible only after the conditions for autonomic smart contract are met. Investors will have constant insight into their balance after adding an address of a contract to their portfolio. Tokens assigned to the team members will be locked for as long as 4 years (48 months).

Voting

Demokratyczna społeczność.

Voting ensures democracy when decisions are taken regarding voting during talent-show, in the contest gallery and during surveys created by artists who hold an account in Mateico. Owners of tokens will also be able to participate in the decision-making process and voting related to the Mateico project and the direction of its development. To cast your vote, you do not have to make any transaction – a signature with a key of a given address is sufficient.

Staking

Nagradzanie za lojalność.

From the technological point of view, this program will protect operation of the network. Users who decide to participate in the program, will be awarded with, e.g., reduction of the commission for using the Mateico portal. An additional incentive will be the ability to increase the voting power through appropriate monthly remuneration proportional to shares. Thanks to the Claim2stake function, it will be possible to transfer tokens exempted from Vesting to a Staking contract in a single transaction.

Token Burn Events

As part of our long-term development plans, we plan to conduct token burn events for a portion of $MATE tokens. This process aims to reduce the available token supply in the market. Details about this process and timing will be provided in due course to ensure transparency and full understanding for our community. Token burning is an important step in our strategy towards a sustainable ecosystem that benefits both our users and the entire Mateico community. Two token burn dates have been set:

NFT

As a platform aimed at creating a comprehensive and dynamic ecosystem for artists, creators, and investors, Mateico supports both types of NFTs (non-fungible tokens). Our platform will enable the creation, transactions, and collection of NFTs based on both the 721 and 1155 standards. This means that both unique, single-copy items and multi-property NFT collections will find their place on Mateico. This opens the door to creativity and innovation, underlining our commitment to providing versatile support for the artistic and investor communities.

Vesting / Voting / Staking

Vesting

Gwarancja rozwoju projektu.

Vesting ensures protection against market manipulations in the initial, critical phases of the development of the project. Nearly all tokens from pre-sales will be subject to the vesting process. This means that investors will be unable to freely use them directly after purchase. It will be possible only after the conditions for autonomic smart contract are met. Investors will have constant insight into their balance after adding an address of a contract to their portfolio. Tokens assigned to the team members will be locked for as long as 4 years (48 months).

Voting

Demokratyczna społeczność.

Voting ensures democracy when decisions are taken regarding voting during talent-show, in the contest gallery and during surveys created by artists who hold an account in Mateico. Owners of tokens will also be able to participate in the decision-making process and voting related to the Mateico project and the direction of its development. To cast your vote, you do not have to make any transaction – a signature with a key of a given address is sufficient.

Staking

Nagradzanie za lojalność.

From the technological point of view, this program will protect operation of the network. Users who decide to participate in the program, will be awarded with, e.g., reduction of the commission for using the Mateico portal. An additional incentive will be the ability to increase the voting power through appropriate monthly remuneration proportional to shares. Thanks to the Claim2stake function, it will be possible to transfer tokens exempted from Vesting to a Staking contract in a single transaction.

Token Burn Events

As part of our long-term development plans, we plan to conduct token burn events for a portion of $MATE tokens. This process aims to reduce the available token supply in the market. Details about this process and timing will be provided in due course to ensure transparency and full understanding for our community. Token burning is an important step in our strategy towards a sustainable ecosystem that benefits both our users and the entire Mateico community. Two token burn dates have been set:

NFT

As a platform aimed at creating a comprehensive and dynamic ecosystem for artists, creators, and investors, Mateico supports both types of NFTs (non-fungible tokens). Our platform will enable the creation, transactions, and collection of NFTs based on both the 721 and 1155 standards. This means that both unique, single-copy items and multi-property NFT collections will find their place on Mateico. This opens the door to creativity and innovation, underlining our commitment to providing versatile support for the artistic and investor communities.