TOKENOMIC

Mimiland Economy

Three main types of participants characterize the Mimiland Economy:

1. Gamers:

   • Role: Gamers perform various transactions inside Mimiland, such as playing games, claiming rewards, mutating digital assets, and transferring assets.

   • Interactions: They interact with sophisticated features enabled by smart contracts, interoperability, and composability within the platform.

2. Holders:

   • Role: MIMI token holders can stake their tokens, participating in the proof-of-stake mechanism.

   • Governance: MIMI owners have rights to participate in Mimiland governance, influencing protocol decisions and upgrades.

3. Game Creators:

   • Role: Content creators can stake their tokens to create user-generated content (UGC) games.

   • Transactions: They perform transactions related to creating and modifying UGC games.

   • Revenue: They earn revenue through the proof-of-play mechanism, which rewards engagement with their content.

Core Components

The Mimiland economy consists of six core components:

1. MIMI:

   • Definition: The native asset of the Mimiland platform.

   • Function: Used for various transactions within the ecosystem, including staking, fees, and rewards.

2. Transaction Fees:

   • Purpose: Fees are charged on all Mimiland operations to reward participants in the proof-of-stake mechanism.

   • Security: They help prevent spam and denial-of-service attacks by adding a cost to each transaction.

3. Play-to-Earn (P2E) Fund:

   • Function: Used to reward gamers participating in the proof-of-play mechanism.

   • Incentive: Encourages continuous engagement and activity within the platform.

4. System Growth Fund:

   • Function: Used to reward holders who stake MIMI tokens and content creators who contribute to the platform.

   • Incentive: Motivates long-term holding, active participation, and content creation within the ecosystem.

5. Proof-of-Stake:

   • Mechanism: A delegated proof-of-stake system selects, incentivizes, and rewards participants based on their behavior.

   • Staking: MIMI token owners stake their tokens to support this mechanism and earn rewards.

6. Proof-of-Play:

   • Function: Mimiland detects genuine and motivated players, rewarding them with MIMI tokens to encourage ongoing engagement and activity within the metaverse.

   • Incentive: Ensures that active and engaged players are recognized and rewarded, fostering a vibrant and dynamic community.