Whilst Bitcoin and Ethereum, the world’s two largest digital currencies hit all-time-highs, the DeFi (Decentralized Finance) sector continues to boom.
Now valued at $200 billion in TLV (Total Locked Value), the size of the DeFi market has more than doubled since May this year. New developments in blockchain technology coupled with a shift in attitude against traditional banking systems and financial institutions have seen an explosion in popularity within the DeFi sphere.
One such new development in blockchain technology is starting to make waves. Metavice (SERVE) is a decentralized financial network and platform that cuts out the need for third-party interference or intermediary.
The Metavice ecosystem is powered by the native token SERVE and is built on the Binance Smart Chain Network. The premise behind it is to enable users to earn universal basic income by contributing to dedicated activities across multiple chains and in an ecosystem of aggregated passive income.
Having been involved in the crypto and blockchain fields since 2013, the team behind the Metavice Network is building something comprehensive with long-term benefits for the user in mind. With a heavy focus on developing decentralized Services (dSVs), the goal of Metavice is to develop simple and attainable blockchain-based activities which enable its everyday users to earn an income (UBI – universal basic income).
As well as specific tasks which are available to users in exchange for SERVE rewards, the Metavice Network introduces functionalities that enable advertisers to post advertising without the need for intermediaries. This means that the advertiser pays directly to the Network protocol upon successful completion. For the interaction between the advertiser and the users, SERVE is rewarded to both parties. The advertisers are rewarded with SERVE in order to encourage purchasing services and retain a fluid and liquid ecosystem, whilst users are rewarded not just for purchases, but also to incentivize engagement.
Within the Metavice Network, there are a number of exciting products designed to appeal. This is a multi-chain ecosystem comprising of dSV apps deployed across multiple blockchains, allowing for the seamless flow of liquidity & dSVs across isolated services. There are, of course, the UBI programs touched upon earlier. ServeDAO makes decisions on token distributions to millions of users by giving access to SERVE. Additionally, everyday people are allowed to receive extra incomes via participating in the DeFi Platform and Decentralized Services.
There are also liquidity farming and staking platforms and the One International Marketplace that combines online stores and services around the world. The One Marketplace trading platform enables Metavice users to buy and sell any goods or services with the native SERVE tokens.
Despite being in development for around a year, there is a clear and defined roadmap which the team at Metavice is adhering to in a timely and professional manner. This is a project that has been well thought out and is meeting its milestones, one by one.
This is not a rushed project. The team behind Metavice has taken great care and consideration to launch a product that has a genuine purpose and an aim of longevity. Although still very early in its infancy, there is plenty about the Metavice Network and SERVE to get excited about. Its UBI programs are broad, encompassing and rewarding which, in the long term, will encourage SERVE activity which should, in turn, increase the value of SERVE, something which the holders would appreciate.
Tokenomics
There are solid tokenomics supporting the Metavice decentralised network project. There is a maximum supply of 100,000,000 SERVE tokens:
Liquidity Mining & Pool Staking – 65% – Based on mining / staking initiatives
Ecosystem Fund (liquidity, investment funds, etc) – 15% – Unlock 5% on TGE followed by 12 months linear
unlock; Liquidity unlocked 10% on TGE followed by 10% for 9 months.
Community Operation – 2.5% – Unlock 10% on TGE followed by 6 months linear vesting.
Partners & Advisor & Private Investor – 6.5% – Unlock 2.5% on day 180 followed by 20 months
linear vesting; private sale unlocked 20% on followed by 20% quarterly.
Team & development – 10% – Unlock 5% on TGE followed by 20 months linear vesting.
Public sale – 1% – Unlocked on day zero.
Metavice Network and SERVE – The Final Word
The DeFi world is changing at a heightened rate and projects like the Metavice Network and SERVE are prime examples of how DeFi is evolving for the benefit of the user in the long term.
This is no flash in a pan project. Instead, there is a solid ecosystem being established which should provide widespread appeal. One crypto project to watch out for in 2021/2022.
You can see the Metavice whitepaper here.
You can visit Metavice Network here for more information.
ServeSwap, farming & staking: https://app.serve.network/
Telegram: https://t.me/MetaServeX
Twitter: https://twitter.com/MetaServeX
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