——An open and inclusive WEB3 ecosystem community

What is MIAO?

l  MIAO is an open and inclusive WEB3 ecosystem community built on the blockchain, integrating community governance, value creation activities, token economic models, and organic links between users.

MIAO Community Governance

l  MIAO uses blockchain, smart contracts and other technologies to ensure that community operations are open, transparent, fair and decentralized. All community proposals, voting, token issuance and distribution are on-chain, and all data can be traced and tamper-proof.

MIAO has no union. After the project goes online, the founding team will propose and vote to decide matters completely by community participants. The founding team aims to promote the long-term self-operation of the community.

MIAO issued the community token $MIAO.

5% of the tokens are released each year. The founding team holds the first 5% of the tokens released in the first phase to promote the initial operation and development of the community and expand the group of ecosystem participants in the community. Incentivize initial proposers. The remaining 95% of tokens are locked in a public contract pool for future allocation to contributors.

The behaviors of proposing, reaching consensus and voting by community participants have become an important basis for MIAO's operation.

MIAO will develop in a decentralized, self-sustaining and self-adjusting manner like the BTC blockchain, forming a good development mechanism.

MIAO Economic Value

l  MIAO provides opportunities for topic proposal, task distribution and technology monetization to all ecological participants. Participants create actual economic value and promote industry development through the effective operation of MIAO.

MIAO focuses on the development of the VR and related product industry ecology in the early stage. VR equipment, as the hardware entrance to the metaverse, directly affects people's experience in the virtual world of the metaverse. Through the encouragement of MIAO, it attracts global users to create, including contributing VR-related technologies and completing task activities. Here it is expected to become an important source of technological innovation and technology distribution in the industry, promote industrial development, and provide consumers with better VR and related products experience.

After the VR industry ecosystem matures, it will be promoted to other industries to contribute to promoting global industrial and economic development.

Token Economic Model

l  MIAO issued a community token "$MIAO" with a total issuance of 1 billion, initially priced at 0.01 US dollar each, issued on the BSC chain. The founding team was initially allocated 50 million. The remaining 950 million were locked in a public contract pool, with the remaining 5% released annually to reward contributors. The $MIAO released in that year that was not distributed through proposal voting will be automatically destroyed. The $MIAO locked in the public contract pool is distributed based on proposal voting in a completely decentralized manner.

MIAO spares no effort to promote the liquidity of $MIAO. In addition to circulating within the community, it gradually develops to circulate outside the community, allowing enterprises and consumers to use $MIAO to purchase technology services, VR and related hardware products in related shopping malls.

Users can contribute technology and complete tasks to obtain $MIAO, or buy $MIAO on the exchange market.

Users can obtain relevant incentives in the community by staking $MIAO liquidity.

Community and Users

l  MIAO welcomes users interested in WEB3, the metaverse, VR technology and other technologies to join, and also hopes to bring more users into the WEB3 era, understand the WEB3 world, and create value here to actively embrace the future.

As a source and distribution community of technological innovation, it also welcomes demanders to come here to search for and purchase suitable technology services. Consumers can consume and experience related products in the community. 

Proposals and Voting

l  Proposal and voting process: monthly, 1-10 days for proposal period, 11-25 days for publicity period, 26-28 days for voting period.

Proposal format: Pay $MIAO amount, wallet address, result display/task plan (if the text content is too long, provide a content link). 

Proposal fee: 5% of the $MIAO amount paid for the proposal.

Proposal rules: Select 10 proposals to enter the publicity period according to the principle of priority by amount of $MIAO paid for the proposal and time. The proposal fee $MIAO for entering the publicity period will be automatically destroyed. The proposal fee $MIAO for those not entering the publicity period will be returned to the original user.

Voting rules: Users vote according to the amount of $MIAO pledged on the official website. They can take it back after voting ends. 1 token equals 1 vote. The valid votes are automatically calculated according to the amount of $MIAO pledged. The proposal is passed if more than half of the votes agree. 

Voting results: The public contract pool pays the corresponding amount of $MIAO to the wallet that voted for the passed proposal.