Tokenomics

11Meta is the native token used through all the Metaverses available on the platform. It is used for all micro-payments within the ecosystem and it is also the basis for several other interactions.

Introduction

11Meta belongs to the ERC20 token family.

ERC20 tokens use the interface defined within the EIP20 (Ethereum Improvement Proposal number 20) presented on November 19, 2015, by Vitalik Buterin and Fabian Vogelsteller.

In just a few years it has become the standard in the Ethereum ecosystem, thanks to the usability that this interface provides:

• Usable on any Wallet

• Usable on DEX (Decentralized Exchanges)

• Extremely rare bugs and hacks due to the historicity of the standard

The will use the most secure standard for ERC20 applications, Open Zeppelin, which in a few years has become the most famous auditor of complex Smart Contracts, including Defi (Decentralized Finance) applications.

We chose to issue the token on Ethereum, dismissing other appealing options like Solana, BSC, Avalanche or Polygon as, in our opinion, Ethereum is:

• Among the most secure and popular Blockchains

• Has a very high rate of acceptance and a massive adoption

• It perfectly works both in CEX and DEX environments

  To guarantee swap options through DEX with lower fees, such as Pancake Swap (BSC network) or Quick Swap (Polygon Network), we will soon evolve, building specific bridging solutions.

The Native Token

• Okay Ticker: 11Meta 18

• Token decimals: Yes

• Option to temporarily pause on security issues: Minting and Burn: Yes

• Max supply capped: Yes

• Total supply: 3,000,000,000

The token is minted with a fixed supply of 3,000,000,000 units, directly allotted to the belonging wallets (see above), on their own specific individual addresses. The choice to split the tokens directly to the wallets of use has been done for complete transparency towards the community and for an accurate tracking of tokens by any end-user.

Security Tools

The development will take advantage of the most modern tools supported by important market players such as HardHat by the Ethereum Foundation, which will be used both for local tests, deployments in testnet and mainnet, as well as for the allotment of supply fractions through the Ethers library. Consensys will be adopted for the entire set of security tools.

The minting of ERC20 standard tokens nowadays is a very safe practice thanks, among others, to the widespread implementation of Open Zeppelin. However, as additional safety measures, we will carry out automatic and human static analysis on Solidity code.

The code will then be subjected to the following roadmap and tests program:

• Code review by our Solidity software developers

• Static code analysis through Slither and MythX

• Deep pre-launch code scrutiny with Surya, by Consensys, (https://github.com/ConsenSys/surya), for a millimetric and deep graphic analysis of the Smart Contracts structure. Call graph function will be completed with manual inspections of contracts.

Once the token is deployed on Ethereum mainnet, we’ll start the coding of a parallel proprietary layer 2 network, to gradually migrate the coin to the proprietary layer 2 solution.

Once completed, the proprietary Blockchain will allow us to implement a new, low fee payment system, key to developing a sustainable economy in the dynamic environment of a metaverse. It will allow global, instant, and cost-effective payments between any two users on the internet

Scarcity and demand of the native token will be granted by the progressive adoption among players, attracted by a potentially endless number of metaverses available.

Adoption of 11Meta will ensure that such assets will increase in value.