Whilst the smart contracts and ecosystems mechanics are incredibly complex and revolutionary, MetFi DAOs user-friendly experience and the benefits of joining the MetFi community are easily understood by the masses, setting the stage for sustainable global mass adoption of the protocol.
The website has already been translated into the 4th most spoken language in the world (Spanish) and the translation into many other languages is well underway. MetFi was created for the people, not for an individual or company. By placing the interests of the community first, and by providing all MetFi NFT holders with fixed APYs just for staking MFI tokens to their NFTs, at the very least, every MetFi NFT holder now has a potential, long-term hedge against inflation which is so important to so many people, particularly in the current geopolitical and macro-economic landscape.
Deal-Flow and Investing
Furthermore, MetFi DAOs treasury receives BUSD in exchange for APY generating NFTs and MFI tokens. The treasury uses its funds to invest in the most promising, early-stage Metaverse and Web3 projects that individual investors rarely gain access to, sharing the returns with the community - flipping the entire angel investor and venture capital model on its head by aligning the interests of the project, the investor, the influencer, and the community into one synergistic, frictionless ecosystem from day one!
The community benefits by receiving APY, and seed-stage access to multiple projects, spreading and minimizing their exposure and risk. An experienced, multi-disciplined committee called the Project Proposal Committee (PPC) reviews and vets every investment proposal with a fine-tooth comb, and only the worthiest of projects are presented to the community who vote on-chain whether they want the treasury to invest in the project or not. The community will be offered whitelisting opportunities for token pre and public sales, NFT pre and public sales, beta testing of blockchain games and so much more from the projects they love.
The projects that MetFi invests in benefit by instantly gaining a ready-made, educated and engaged community that is invested in their project from day one. MetFi DAOs incubation program will nurture their project, introducing them to some of the most talented individuals and teams in the world spanning multiple verticals and disciplines, not to mention the co-branding and cross-promotional opportunities that will come. Some of these projects we hope will become unicorns aka billion-dollar projects.
MetFi controls its liquidity via the minting and burning of tokens under very strict, predefined conditions (Treasury).
MetFi has deployed an incredibly robust and innovative product built for long-term sustainability with the underlying intent of benefiting humanity, the MetFi community, promising crypto projects, and the broader crypto sector as a whole. This comes with all of the associated first-mover advantages but it also brings great responsibilities and challenges that MetFi is acutely cognizant of and capable of keeping one or more steps ahead of.
With that said, MetFi DAO needs to capitalize on these advantages and it is now its responsibility to build a large, loyal and engaged community as quickly as possible. A strong community of MetFiers!
Having such an innovative product, MetFi can’t take the slow, traditional organic route of community building. It also doesn’t want to spend other people’s money on marketing campaigns that may fall well short of its intended objectives.
Looking at our strengths, which include our immutable ledger of transactions and transparency on the blockchain we developed a system that best leverages our strengths to build a community with on-chain tools.
MetFi Community aka MetFiers
MetFi is an efficiency-focused and results-driven DAO with the purpose of serving the little guy aka the average crypto investor by giving them seed-stage access to the world’s best crypto projects.
Most people love to share a great project with people that they believe it may benefit, it’s human nature. So rather than build a community spending other people’s money why doesn’t the DAO pay the MetFi community to share its product – after all, that’s what crypto influencers are paid to do every day. The community knows the product better than most influencers and they have a vested interest in MetFi DAOs success so it made perfect sense to pursue this avenue and further support the MetFi community.
MetFier Rewards Model
Inspiration was drawn from the influencer and affiliate models as they ticked many community building boxes but there were still some innovations that needed to be made if the DAO was to go down that route, such as:
- Rewards must be instant and on-chain
- All transactions must be immutable and indisputable, on-chain
- The rewards model must be locked in a smart contract that cannot be changed
- MetFiers must have the option to build an asset that can later be sold on-chain
- Transparent reporting, on-chain
- Multi-language frontend and backend
MetFi achieved all the above points and baked its Metfier Rewards model into the code.
The Metfier reward mechanics are locked in a smart contract so when an eligible reward event occurs all eligible Metfiers instantly and automatically receive a BUSD reward in their private wallets.
No marketing teams, no human intervention - just transparent, immutable results-driven rewards to the MetFi community that we are here to serve!