🌐7.Future Development Plan of the Project
7.1. Meta Carbon NFT
The current operation plan will be launched after the first phase of stable product operation. The project owner initiates a limited number of customized NFTs, divided into exclusive NFTs, airdrop NFTs and random NFTs. Users can make purchases on the DApp. In the second phase, we plan to launch the world's first e-cigarette equity NFT by creating and issuing a certain number of Meta Carbon NFTs to look for 10,000 low-carbon life enthusiasts with the same vision and determination to join the Meta Carbon core community, participate in the project's decision-making and operation, and share the ecological dividends of low-carbon life.
Each of us has a unique low-carbon lifestyle, and we will be able to achieve our glory with our low-carbon lifestyle by facing ourselves and continuing to pursue our own low-carbon life.
7.2. Meta Carbon Defi
Meta Carbon's core community members own NFTs, which are digital “idle assets” that can be pledged and lent in the Metaverse to earn the crypto “property income”, in addition to having the right of profit sharing and governance of the project.
The project will build a Web3-based NFT lending platform, an infrastructure to give liquidity to NFT assets in Metaverse and Gamefi games, and provide users with unsecured leasing services, IP licensing leasing market (IP Mall), and NFT mortgage services. An integrated Metaverse asset financial services provider will connect NFT creators, investors, and users with derivative needs such as Metaverse asset leasing and lending in the future.
Advantages:
l Liquidity improvement: Meta Carbon Defi improves the efficiency of using assets and liquidity for users through the P2P and LP-Pool for leasing and lending.
l Anti-risks: There are strict risk control requirements for the platform and a liquidation insurance pool to protect the rights and interests of users.
l Low threshold: Meta Carbon Defi enables users to participate in the project to gain income at a lower cost through leasing.
l Getting rewards: Users can provide liquidity on the platform to obtain token rewards.
7.2.1. Unsecured Leasing Market
The platform can maximize the security of the holder's assets by separating the ownership of NFTs. The agreement maps a mirror mNFT based on the original NFT. Users set up the time and price at the beginning of the lease, and the mirror mNFT will be automatically destroyed at the expiration. In this way, the NFT owner's assets are guaranteed without the need to pledge the NFTs to the platform.
7.2.2 .NFT Lending Protocols
As a decentralized protocol aggregating the bilateral market of lending and borrowing, the NFT lending protocol provides a financial solution for Metaverse asset financing.
It provides two models of P2P lending protocols and LP pool lending protocols to satisfy different lending needs and risk control of the market.
7.2.3.Redemption
In case of early redemption and repayment during the P2P lending period, 15% of the remaining interest will be paid to the lender as a penalty. If the lending ends normally, the NFT will become redeemable, and the holder can continue to list it in the market or transfer it to the wallet.
7.2.4. IP Leasing Market
IP Mall aggregates the decentralized protocols of NFT's IP equity and licensing demand market.
It supports IP package licensing to help small and medium-sized merchants to obtain bulk licensing transactions. Meanwhile, it supports IP traceability code with the guarantee of genuine licensing.
7.2.5. Liquidation Protection
The core of liquidation protection is a high degree of security for creditors' assets.
Valuation risk control model: Snapshot every four hours.
Insurance pool: The platform will transfer 30% of the lending interest to the insurance pool, and once liquidation occurs, the liquidator can obtain up to 10% of the liquidation pool, thus reducing user losses.
Valuation model: The NFT is valued through a weighted algorithm and snapshotted every four hours to ensure the lending's assets while avoiding the mis-liquidation when the NFT price fluctuates significantly.
7.3. Meta Carbon BLOG
The platform adopts “BLOG” to implement the operation; BLOG contains Buybacks, Locking, Omnipool, and Governance. Here are the following rules:
7.3.1. Basic Rules:
1） Users trade items with instant trading under the same UI
2） Users lock their MIST in the bank (lock contract) to get veMIST and passive income
3） Users buy honorary titles (govNFT) with their veMIST to gain decorative items (and/or boost status) and governance power
4） Users can sell their locked veMIST via Vortex to receive MIST
7.3.2. Instant Trading
We think in terms of "fungible assets" and utilize Bancor's Omnipool AMM to facilitate a better trading experience. These fungible items can be referred to as "commodities". In traditional games and current cryptocurrency games, all commodities are traded through the order book, where the price of a commodity for sale or purchase is posted.
With Omnipool AMM, it is possible to trade any amount of NFT instantly, just like selling $MATIC or $ETH on Uniswap. Omnipool makes it possible to eliminate the need for counterparties in all transactions, providing a better in-game trading experience.
It enables more fine-grained control over the prices of commodities. In the order book model, liquidity comprises the purchases and sales of these commodities by different users. When we change it to the Omnipool model, the protocol can bootstrap the pool with a certain amount of liquidity to better control the price changes of the commodities, which is achieved by marking both sides of the bootstrap pool and obtaining liquidity.
7.3.3. Long-Term Lock-Up
Long-term lock-up is an excellent way to reduce selling pressure. Many DeFi projects adopt it to discourage issuance and increase long-term value alignment between token holders and the agreement. The in-game tokens are naturally highly inflationary and liquid, so a lock-up will be more valuable and constructive.
In "BLOG", gamers can lock their MIST in exchange for veMIST via a lock-up contract. A time function can determine the exchange rate. For example, a gamer can set the MIST to be locked for one year and get 0.5 veMIST or lock it for two years and get 1veMIST. The longer the gamer locks the MIST, the more rewards and governance rights he or she gets.
The MIST is bootstrapped into Omnipool as liquidity to earn transaction fees. The locked MIST has native returns and do not need the protocol to mark more tokens to the system. The locked APR is then increased by traditional liquidity rewards with or without special protection rights.
By locking the MIST in a lock-up contract, the protocol effectively removes it from the circulating supply and reduces selling pressure.
7.3.4. Token Lock-Up and Governance
One of the main reasons for locking tokens in the DeFi protocol is to ensure long-term value alignment. However, locked token holders can't determine governance decisions in the context of the cryptocurrency game. Therefore, we introduce govNFT to resolve this issue.
After receiving veMIST, gamers can use it to buy govNFTs. Depending on the govNFTs’ rank, they can grant users different dress-up effects, abilities, and the power to make simple governance decisions.
With the governance structure, the game has an interesting game-theoretic dynamic. This competition increases the need for governance powers. Where does governance power come from? It comes from govNFT, govNFT comes from veMIST, and veMIST comes from MIST.
Gamify the voting process and let gamers decide based on their interests. This way, the govToken holder's governance power will not be diluted.
7.3.5. Efficient Token Buybacks
The token buyback is a way to increase local token buying pressure by exchanging protocol revenue for local tokens. However, the closed system design impedes the token buyback for cryptocurrency games. Therefore, the Vortex system is introduced to enable efficient token buyback.
For gamers, MIST is locked in the bank and they can：
1）Hold veMIST to earn interest
2）Use it to buy govNFT. Now with Vortex, they can sell their veMIST for MIST.
This is useful for gamers because they may need MIST for more other game purposes. The veMIST/MIST Vortex system can be seen as the liquidation symbols for Uniswap v2, so users can unload their veMIST at any time based on market demand and supply.
Purchasing veMIST with game revenue, the protocol can guarantee a more efficient token buyback system. Each veMIST represents 1 or more MIST, which allows for higher capital effectiveness. The upper limit of the exchange rate between MIST and veMIST is 1.
7.4. Meta Carbon socialFi
Meta Carbon socialFi is divided into four elements: Community, Content, DeFi, and DAO.
Community：Facebook, Instagram, DC, and other platforms are successful due to the connection between communities. Meta Carbon SocialFi also inherits this social feature and removes the centralized control of the platform, which has reached the goal of Web3.
Content：At the same time, forums and community functions will be iterated in the middle and later stages of the main APP of the project, and all users can share and communicate with products and tastes, product experience, mining strategies, etc. in the community.
DeFi：Meta Carbon SocialFi will issue（Social Coin）、NFT to create value of the community. The main functions are for distribution mode, asset preservation, token model and community management.
DAO：Meta Carbon SocialFi does not manage the community with a central platform, but everyone develops the platform together, so the project initiators will form a DAO (decentralized autonomous organization) to carry out distributed governance of the community and the project in the future.
7.5. Carbon Trading in Meta Carbon
As Europe has repeatedly raised the issue of " Carbon Borders", it is highly likely that carbon tariffs will be imposed on carbon-intensive products in international trade in the future, leading to an increasing number of countries and even companies considering measures to reduce the risk of tariffs. Among the economic incentives, the most crucial one is the Carbon Pricing mechanism. Based on the "polluter pays" principle, if you want to emit CO₂ and other greenhouse gases, you should first obtain the right to emit carbon and then pay for this right, which is called Carbon Pricing. Carbon tax refers to the government specifying the carbon price and the market deciding the final emission level, so the size of the final emission is uncertain. The carbon emission trading system refers to the government determining the last emission level and the market deciding the carbon price, so the carbon price is uncertain.
Carbon emission trading refers to the market where the rights of carbon emissions are publicly traded as the underlying assets. In other words, the core of carbon trading is to treat the environment as a cost and transform it into a production factor for compensation through the market and to trade carbon emission rights as valuable assets on the market.
Compared with traditional cigarettes with high carbon emissions, Meta Carbon's carbon emissions are significantly lower and meet the international carbon emission reduction standards. The project sponsor will upload all users' e-cigarette usage data on the chain in real-time, turn the usage data into real-time, genuine, and credible carbon digital assets, and invite international experts, carbon emission experts, and scholars to join the project to operate an accurate carbon emission calculation formula in line with the international standard, pass the international and national certification of the reduced carbon emission data of Meta Carbon, and build a carbon emission exchange in accordance with the international standard, and return part of the revenue from the exchange to the holders of MIST in proportion to their holdings, forming a virtuous cycle and increasing the value-added potential of Meta Carbon.
7.6. Meta Carbon Ecosystem
7.6.1. Cartridge, Atomizing Rod, and Intelligent Chip Research Institutes
Through the establishment of intelligent e-cigarette research institutions, we will widely attract high-level talents in the field of global intelligent e-cigarettes and blockchain to jointly research and develop special atomizing rods and NFT atomizing rods, such as the atomizing rods with special appearances, limited materials, limited styles, etc. Such rods can significantly improve users' mining efficiency. We will set up a cartomizer flavor research institute to create a new cartomizer with more varieties, flavors, and health benefits. In addition, we will research intelligent chips to realize functions such as dry heating protection, oil leakage prevention, timed and quantitative start, verification and activation, pressure control (touch screen), colorful LED sensor light, and wireless charging.
7.6.2. Patents Applications Related to E-Cigarettes and Blockchain
Patents for the appearance of MIST e-cigarettes, special cartomizers, novel flavors, intelligent chips, smart contracts, cryptographic chip algorithms, carbon reduction algorithms, and other relevant technologies will be applied for to build a patent library for MIST, establish project technical assets, and protect the security of the project technologies. In the future, we can also charge patent licensing fees for the secondary extension of the project.
7.6.3. Patents and Solutions Licensing for Branded E-Cigarettes
Globally renowned e-cigarettes such as Boulder, KINGSONG, RELX, Kimree, OVALE, SMOK, MOTI, etc., can add their products to the overall MIST product system by obtaining system or patent licensing as super nodes of MIST. Users can participate in MIST by purchasing these above-mentioned products to start mining and get the MIST rewards to transform MIST into a global intelligent e-cigarette ecological platform.
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