Enoch
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  • Investment
    • ๐Ÿ“ˆMetanomics
    • ๐Ÿช™Dual Token Model
    • ๐Ÿ’ฒEnoch Yield Farming
    • ๐Ÿ’ธ$ENOCH Investor benefits
    • โ”FAQ
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On this page
  • ENOCH Token
  • Key points
  • LOVE Token
  • Love Token Distribution
  • Key points
  1. Investment

Metanomics

Mechanics of the two tokens supporting the business model of Enoch app

PreviousChangelogNextDual Token Model

Last updated 2 years ago

  • The Enoch platform is designed to support dual platform currencies: $ENOCH and $LOVE.

  • $ENOCH token is the governance token with a limited and fixed supply of 54M through which we raise capital at token generation event.

  • $LOVE token is earned via social-fi and game-fi activities where the users go through daily missions, ranking level up, live gifting, etc.

  • Any transaction taking place in the Enoch app, will be majorly paid in $LOVE tokens. The $LOVE token is engineered to be always cheap in price with an initial supply of 1.5B.

ENOCH Token

The $ENOCH token is used to raise capital over 3 rounds of token sale. The $ENOCH token holders can later on participate in making future decisions for adding more features on the platform. They can also use the token to pay for products and services in the Enoch app at a much discounted price.

The $ENOCH token can also be used within the platform to make payments for purchasing in-app products and services.

The max supply for the token is set to be 54M. This token will be issued on the Ethereum network but later on it will be bridged to multiple other networks like BSC, Polygon and Avalanche.

Below is the high level token distribution.

Allocation
Amount
Percentage

Seed Round

8M

14.82%

Community Token Sale

12M

22.22%

Public Token Sale

6M

11.11%

Team

7M

12.96%

Investor Incentive Rewards

9.3M

17.22%

User Incentive Programs

5.7M

10.56%

Marketing and Adv

1.5M

2.78%

Reserve Fund

2.5M

4.63%

Partnership Fund

2M

3.70%

TOTAL

54M

100%

Key points

  • Token Name: ENOCH

  • Token Ticker: ENOCH

  • Initial Supply: 54M

  • Max Supply: 54M

  • Decimals: 18

  • Governance and utility token

  • Minted on: Ethereum Mainnet

  • Token will be bridged on multiple chains

LOVE Token

The $LOVE token is the platform currency which is purely earned via social and gaming activities in the platform. This token is meant to be used extensively within the platform for majority of the transactions like live gifting, rewards earning, subscribing to content creators, sending and receiving gift cards and much more.

There are many user incentive programs also taking place in the Enoch application which encourages users to gain more followers, make better content and join communities. These programs are listed in Daily missions.

Daily Missions runs under a season. Each season contains multiple missions related to social, 3D marketplace and open finance products. Users are incentivized with $LOVE token on successfully completing the missions. They can then use this $LOVE token to redeem across other products and services in Enoch, or they can swap it for other tokens like USDC, ETH, etc.

LOVE Token is earned and generated through Social-fi & Game-fi activities on the platform

Love Token Distribution

Allocation
Amount

Enoch Social

550M

36.66%

Enoch Personal

500M

33.33%

Enoch Marketplace

150M

10%

Enoch Open Finance

300M

20%

Key points

  • Token Name: LOVE

  • Token Ticker: LOVE

  • Initial Supply: 1.5B

  • Decimals: 18

  • Token Type: Utility, ERC20

  • Token category: Social-Fi, Game-Fi

  • Token supply is subjected to increase in the future based on user activities

Contract Address:

0x4db57D585fa82Ca32d25086DDc069d899f08D455
๐Ÿ“ˆ
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