📈Metanomics
Mechanics of the two tokens supporting the business model of Enoch app
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.
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
Contract Address: 0x4db57D585fa82Ca32d25086DDc069d899f08D455
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 Distribution
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
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