Acent Metaweb Tokenomics Overview - Your Earth DAO

Acent Metaweb Tokenomics Overview

To provide a strong financial support structure for Your Earth DAO (YED) as the first Layer 1 metaweb ecosystem through the Acent blockchain and to allow rigorous monetization of the creative activity of the YED community, an innovative Acent tokenomics reflecting the best practices of the first-gen metaverse projects is implemented. In the Your Earth DAO, all assets and meta-app creation tools are accessible by third parties. This is to encourage the YED community and developers to build their own meta-sites, immersive, hyper-realistic play-to-earn games, tools, and apps and share their experiences on the YED metaweb.

In order to foster the growth of the metaweb and push its adoption, a maximum of 15% of the Acent ($ACE) cryptocurrency, or approximately 300 million $ACE, is allocated to the Metaweb Incubation Fund. The Metaweb Incubation Fund is a community incubation fund that aims to reward the Acent pledgers who own EDAO tokens. This can be mined over a period of 6 years on top of the Universal Basic Income (UBI) pool or earlier until all has been disbursed to the Acent pledgers. 

When all or a large portion of the Metaweb Incubation Fund has been mined by the EDAO holders, it is expected to increase the value of $ACE as it drives up the demand dramatically. When this happens, the basic Acent pledge reward will come solely from the UBI pool. The exhaustion of the incubation fund signifies a hyper demand for protocol services and appreciation of the currency by overwhelming pledging or land acquisition demand.

If the remaining incubation fund has not been fully disbursed at the end of the six-year period, it will be part of the Reserve pool.

In addition to the incubation fund, YED pools the 3% service charge of all services or meta-app provided within the YED ecosystem in addition to the 91% of all on-chain transaction fees (or so-called Nitro fees) of the Acent mainnet. These are used to: 1) develop the core metaweb ecosystem; 2) compensate the EDAO governance token holders, including landowners; and 3) deploy a self-sufficient, robust, decentralized immersive web service.

The 3% service charge fee is specifically distributed as follows: 

  • 45% goes to the Universal Basic Income (UBI) Pool, 
  • 45% goes to the Acent Core Ecosystem Development Fund, and
  • 10% is burned

The ninety-one percent (91%) Nitro fees or the gas fees in the Acent blockchain are also divided into:  

  • UBI pool for redistribution to active EDAO holders (45.5%) proportionate to their contribution; and
  • Acent Core Ecosystem Development Fund (45.5%).  

Furthermore, the Acent tokenomics is designed to enforce a decentralized governance system within the metaweb that incentivizes and ensures a new parallel reality web environment can thrive. This is soon to be kickstarted by the execution of the Universal Basic Income Pool (UBI) that incentivizes the Acent pledgers and EDAO token holders who support the ignition of this exciting new technology. 

The YED also provides access to the Acent Core Ecosystem Development Fund. With its implementation, unlike the Web 1.0 architecture, meta-citizens can experience the new immersive web without the mass exploitation of labor from its users previously enforced by big tech entities; ensure all meta-apps deployed on the metaweb are operated by DAOs; and prevent consentless abuse of private information for malicious profiteering and manipulation of data feed algorithms.This will be accomplished by funding DAO proposals that pass the screening process and have the potential to have an impact or improve the overall metaweb ecosystem.

The distribution model of Acent Metaweb Earnings.

The metaweb provides the public access to the privileges of owning immutable digital assets, such as but not limited to: 

  • an EDAO ARC-20 governance/utility token, 
  • a YED land spot, and
  • an $ACE cryptocurrency.

The utilities of each of these assets are discussed in detail below: 

  • What exactly is an EDAO token and how will it be used in the YED?
  • How can I obtain EDAO tokens?
  • What is a YED land spot and what is it used for?
  • What can you do with a SPOT of land in YED?
  • What is ACE, and what will it be used for?
  • The Economic Structure of the YED Metaweb

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