Tokenomics
Index
Introduction
1. What is the MRA Token?
2. The MRA Token at a glance
2bis. Vesting Smart Contracts
3. Why an Audio Cryptocurrency?
4. The perks of becoming a Founder
5. Shareholder status
6. The Public Sale Process
7. Token Burn
8. The Team
9. When will the MRA Token be listed on Exchanges?
10. Any questions?
Welcome to Meteora
Hello, and thank you for your interest in our platform. We are a group of experimented developers who also happen to be lifelong audiophiles, producers and sound engineers. We have been working in the audio industry for decades, we know its ins and outs, and have been extensively using all the available tools and platforms available in the field.
We, amongst most of the audio creators out there (music, podcasts...) have been been struggling with all the pain points this industry has that makes it bitter for anyone to make the best work and share creations with the world... Instead of giving up the medium that we love so much, to allow both creators and listeners to thrive and to allow high quality creations to flourish, we decided to take on this task ourselves, and create Meteora, the Audio Arcadia, where people can get the maximum value out of their creations and their records collection.
Meteora is a startup. For its seed round, we have decided to rely on both equity and cryptocurrency sales to allow a maximum of people to take part in this journey. We are very proud of what we have achieved so far and we are very excited of the bright future ahead. We hope to see you among us as founders soon!
See you in a bit,
- The Meteora Team.
1. What is the MRA Token?
In order to provide users for the best payment and value infrastructure, and because we believe that value should be exchanged instantaneously to strive in this fast paced world, we have built Meteora around the MRA Token, Meteora's native ERC20 Cryptocurrency.
Audio Currency
The MRA Token is Meteora's currency. Think of it as coins and bills. With it you can buy and sell records, pay and tip your favorite artist with it, subscribe to Meteora's services...
Company Shares
Anyone who invests by buying MRA cryptocurrency during the Meteora's Seed Round, the present Public Sale, will be part of the startup's cap table as a founder (see here for more details).
Creator Ecosystem
Buying MRA Tokens mean injecting value into the creator ecosystem. The more MRA is bought, the bigger the platform becomes, and more money goes to the creator. It's a virtuous cycle.
Platform Gas
Using the MRA Token on Meteora will allow to use the platform with no fees or additional charges. Create and keep 100% of your cash.
Reward Token
Meteora actively rewards users, listeners and creators on their achievements on the platform, and pays MRA Tokens to anyone who makes a difference.
Governance
The MRA Token grants its holders decisional power over METEORA’s direction, proportionnaly to the number of tokens they own.
2. The MRA Token at a glance
Name
Meteora Token
Ticker
$MRA
Type
ERC-20 (Ethereum)
Specs
Hard capped, burnable
Starting price
0.05 USD
Total supply
100,000,000.00 MRA
Initial circulating supply
24,000,000.00 USD
Initial market cap
3,300,000.00 USD
Token Distribution
Pre Seed [SOLD] - 6,000,000.00 MRA
Tokens dedicated to the token sale funding Meteora's Pre-Seed round.
Seed - 18,000,000.00 MRA
Tokens dedicated to the token sale funding Meteora's Seed round.
Marketing - 20,000,000.00 MRA
Amount of tokens allocated to creators using and promoting Meteora (bonus payouts, achievement, operations...). This amount is subject to token burn.
Liquidity - 24,000,000.00 MRA
As Meteora makes usage of the MRA token for all operations on the platform (buying, selling, paying...), extra tokens are dedicated in case of high market fluctuations. This amount is also subject to token burn.
Team - 10,000,000.00 MRA
Amount of tokens dedicated as option pool to reward the post-seed Meteora Team.
Reserve - 22,000,000.00 MRA
Portion of dedicated tokens for unlikely events. This amount will be the first section to be burned. To be scheduled.
Budget Allocation
Product development - 50.00%
The majority of the raised funds will be dedicated to develop and sustain Meteora until its profitability and PMF.
Legal and Accounting - 10.00%
Self explanatory.
Exchanges and Listing - 25.00%
Liquidity and fees funds allocated to place the MRA Token on the market in different CEX/DEX Exchanges.
Product growth - 15.00%
Funds raised to widen Meteora's scope in future external business and development partnerships.
* The budget allocation is naturally subject to change according to Meteora's direction of development.
2bis. Vesting Smart Contracts
3. Why an audio cryptocurrency?
Most of the problems that audio creators face while carrying out their activity result from the current economic model and financial systems ruling the field nowadays. The MRA cryptocurrency is built to respond to the needs of the industry actors and maximize speed, profits, funds reusability, and added value.
Value injection
It all starts here. One of the most prominent issues in the Audio Industry is the deeply unequal distribution of wealth between the publishers/platforms and the creators. As an example, Spotify only pays between 0.003$ and 0.005$ per stream, which means a creator needs around 300,000 plays to earn 1000$ (and this even before counting the applicable fees and taxes). The mission of Meteora is to give full monetary and decisional power back to the creator. As Meteora relies on the MRA Token for sales, payments and payouts, more money and value will flow into the platform and the ecosystem, and in turn allows more money to be available to creators to fuel their craft and change their lives to the better.
Free usage of the platform
One of our missions is to make the audio medium blossom with new, well-crafted creations by deleting the worries about publishing and infrastructure. We have designed Meteora so the platform doesn't get in the way. We want the creators to be able to exploit their creations without any underlying charges, including payments fees, to maximize their money returns on their creations. As we are selling the MRA cryptocurrency to finance the platform, using the MRA Token as a currency will allow any actor (listener, creator, professionals) to enjoy Meteora without any additional fees.
Fast transactions and payouts
The current music and podcasts industry suffers from a sluggish payments infrastructure. Not only is the money flow between current platforms and third-party publishers incredibly slow (three months to receive a payment from a streaming service), but there are also delays between the publishers and the creators, which negatively impact their lives. Thanks to the MRA Token, creators, listeners and professionals will enjoy near-instant payment transfers through a cryptocurrency that is designed on to be used on Polygon, the best Blockchain allying the highest speed and the tightest security.
Community
The goal of Meteora having its own cryptocurrency is also to gather and nurture a worldwide community of likeminded users and creators. The MRA Token is also a reward that is distributed for many activities on the platform (the biggest collection, sale records, achievements...), and will be the mean of participation for future games, contests, events, ...
4. The perks of becoming a Founder
Lowest Price
By joining the Meteora Founders today, you will get the MRA Token at the lowest price ever possible in the lifetime of the platform. Buy new records, pay and fund new artists...
Investor's Room
Anyone who invests in the MRA Token will be granted the access to the Meteora Investor's Room and be a member of the board. Get information and discuss Meteora's ideas, future, trajectories...
Priority user
You will be the first one to get the updates and beta versions of Meteora, and you will receive exclusive perks and advantages throughout the platform's lifetime.
5. Shareholder status
Post Seed Round cap table
After a successful Pre Seed round, Meteora as a Startup is now raising its Seed Round through a hybrid of Cryptocurrency and Equity sales. Regardless of the mean of entry, all investments made in this round will be part of the company's cap table.
When the Cryptocurrency sales reach 1m USD, an SPV will be created to aggregate the individual token holders into the cap table, to officially secure their display, and to automate the legal process. Being a Shareholder will grant decisional power on the board proportional to the amount invested, and allows the investors to receive dividends once the company reaches profitability.
Please note that in order to keep your Shareholder Status, your must keep your tokens on the initial receiving wallet during the time you would like to keep the status (starting the end of the Public Sale period), otherwise it will be considered as an exit on your part.
6. The Public Sale process
The MRA Public Sale is open for everyone to invest (see how to buy MRA Tokens). The Token price will increase depending on the available stock to reward the earliest investors with the best price available. At every phase, the investor will receive a special status on Meteora.
10% of the Public Sale token stock will be reserved for each phase. When a phase is complete (meaning reaching 10% of our Seed Round goal - 300,000 USD OR equity sale of 300,000 USD), the remaining tokens of the phase will be burnt, and the following phase will then start.
Don't be late!
Total Token Stock: 18,000,000 MRA
Seed round goal: 3,000,000 USD
Token price
0.20 USD/MRA
Stock left
18,000,000 MRA
Multiplier from previous phase
1x
Status received
Angel
Token price
0.22 USD/MRA
Stock left
16,200,000 MRA
Multiplier from previous phase
1,1x
Status received
Believer
Token price
0.24 USD/MRA
Stock left
14,400,000 MRA
Multiplier from previous phase
1,2x
Status received
Maker
Token price
0.26 USD/MRA
Stock left
12,600,000 MRA
Multiplier from previous phase
1,3x
Status received
Igniter
Token price
0.28 USD/MRA
Stock left
10,800,000 MRA
Multiplier from previous phase
1,4x
Status received
Explorer
Token price
0.30 USD/MRA
Stock left
9,000,000 MRA
Multiplier from previous phase
1,5x
Status received
Traveler
Token price
0.32 USD/MRA
Stock left
7,200,000 MRA
Multiplier from previous phase
1,6x
Status received
Partier
Token price
0.34 USD/MRA
Stock left
5,400,000 MRA
Multiplier from previous phase
1,7x
Status received
Preparator
Token price
0.36 USD/MRA
Stock left
3,600,000 MRA
Multiplier from previous phase
1,8x
Status received
Passenger
Token price
0.38 USD/MRA
Stock left
1,800,000 MRA
Multiplier from previous phase
1,9x
Status received
Rooter
7. Token Burn
By designing the Meteora Token, we wanted to make sure to kep enough liquidity in stock to counterplan any huge spikes in demand of MRA on the platform. With the same thought process the MRA Token is burnable in order to respond to any unlikely dumps, and to increase the token value throughout the life of Meteora.
As a first measure, we will be burning any token stock that will be left after each stage of the Seed Round/Public Sale as described in the previous section. After the completion of the Seed Round, regular Token Burn events will take place to raise the scarcity of the cryptocurrency. Please stay tuned on Twitter for further updates.
8. The Team
Anes Boukadoum
CEO & Founder
Blockchain, Embedded Systems and Blockchain engineer as well as entrepreneur, Nes feeds a deep passion and expertise for both tech and music. He worked for a decade in both the engineering and the creative fields in companies and as a freelancer.
Kevin Beaumont
Architect - Chief DevSecOps
With an extended corporate experience in aeronautics as a core system developer and in telecommunications as a devops engineer, Kevin is highly known in his fields for his top system architectural skills and his top notch network knowledge.
Naji Astier
CTO and Web Expert
We call him the Najician for his master developing skills and deep knowledge in web technologies and Web3. Naji has worked as a software engineer in numerous big scale projects and companies in web and fintech.
9. When will the MRA Token be listed on Exchanges?
The MRA Token will arrive on exchanges once the Meteora's Seed Round will be closed, and the budget and liquidity requirements are met. Follow us on Twitter for more public information about the listing.
ETA: Mid 2024