Topic: 🔥🔥🔥[Bounty] Meme Team Six - Live dapp, get paid to refer users 🔥🔥🔥 (Read 443 times)

How much does 1 Credit cost? Need to clarify this in your ann

Thanks for the interest! We've been building this for the last 10 months, feels great to get it out to the public!

Early on while the platform is still in alpha the currency used on the platform is called credits. We expect the alpha to run for up to 7 months. Each month 1% of the MT6 tokens are used to back the credits tokens, once the month is over the credits you have earned are converted into MT6 tokens at a ratio of ((your credits/total credits)) * 1). The reason we are doing it this way is each user can get 100 free credits a day to spend on memes if they use a referral code. The benefit of giving users credits is we can create an economy backed by the MT6 token to help jumpstart the platform when users may be weary early on.

Say there are 100,000 credits created in December (The period that just started will run through December) and you refer many users netting you 15,000 credits earned. You will get 15% of this months pot, which comes out to 0.15% of the total MT6 token supply. 15,000/100,000 x 1 = 0.15% of the MT6 tokens. The referral program will run for 7 months, each month 1% of the MT6 tokens are backing the credits. Right now they have no determined fiat value as we have not had an ICO. At the end of December the first 1% of the tokens will be rewarded to those who have earned credits based on their ratio. Those tokens can then trade on an exchange such as IDEX and then the market will determine a fair value for them.

Interesting concept and I am interested in your program. I have one small query though, I did not understand the concept of 100 credits. What is credits? Is that a token? As you are connecting the referral link with the ethereum wallet.

What is the Fiat value of 100 credits?

Reserved