MetaCanopy Token Economy

The Economy of MetaCanopy Enviro-Tokens

In the Enviro-Token economy, three different kinds of tokens are used, each designed for particular parts of the business environment.

Enviro-Non-Fungible Tokens (Enviro-NFT’s):

The Enviro-NFT is a digital token that grants users joint ownership of a particular Enviro-Digital item or project, enabling them to enjoy financial advantages over its duration. Each Enviro-Digital item/project is transformed into a set quantity of Enviro-NFTs, guaranteeing a specific supply for each offering.

MetaCanopy uses Enviro-NFTs to symbolize products or projects digitally, allowing people to invest in them by buying these digital assets. Each Enviro-NFT is created using an ERC721 smart contract and is placed on the Polygon Blockchain for easy verification of transactions. These NFTs come with predetermined lifespans starting from their creation date.

Since each Enviro-NFT corresponds to a real-world asset/project, the minting and burning of NFT tokens are directly tied to the acquisition of those products/projects by the company. In addition to the annual yields provided by the company, Enviro-NFT holders have the opportunity to trade their NFTs in the market. The value of Enviro-NFTs is influenced by the appreciation of real-world assets and the overall demand for NFTs in the market.

When the enviro-NFTs reach the end of their shelf-life, they are destroyed, marking the end of the user's agreement with MetaCanopy for that particular product or project. However, users can participate in different products or projects and earn new enviro-NFTs as rewards regularly.

Every enviro-NFT has the following conditions and benefits based on the type of asset/project.

Conditions

• Locking period: Enviro-NFT’s are locked during project maturity period. This ranges between 6 months to 24 months depending on type of project.

• Matured NFT: On successful completion of locking period, respective Enviro-NFT’s are treated as matured Enviro-NFT.

• Shelf-life: Every enviro-NFT has a shelf-life depending on type of asset/project. This ranges between 5 years to 15 years.

• NFT Burning: Enviro-NFTs are burnt after completion of shelf-life.

Benefits

• Enviro-NFT Staking Reward: Every enviro-NFT holder during its locking period is entitled to get free predefined quantity of CANOPY token on pro rata basis as a digital crypto asset reward.

• Enviro-NFT Yield Reward: After completion of locking period of enviro-NFTs, holders are entitled to earn yield revenue in the form of enviro-credits (stable Token), quarterly, semesterly, or yearly until the end of enviro-NFTs shelf-life. This increases annually, varying between 5% per annum to 200% per annum, depending on type and shelf-life of the asset/project. Overall average yield reward ranges between 200% to 1000% for its full life span. This yield reward can be converted to USDT internally and can withdraw to crypto wallet or exchange.

• Yield Staking Reward: Further users have the option to stake their yield reward for predefined period and earn additional growth of 5% to 10% per annum on staked yield value.

• NFT Trade: Matured enviro-NFTs are tradable on MetaCanopy platform and also on open NFT marketplace. NFT owners can trade respective enviro-NFTs on demand price and get profitable returns. This can be done only before completion of enviro-NFTs Shelf-life. Such trade attracts royalty fees based on the shelf-life of enviro-NFTs. This fee is auto deducted from the Yield reward of the User.

Enviro-Yield Tokens - HARVEST:

Within the MetaCanopy ecosystem, Enviro-Yield Harvest Tokens (HARVEST) serve as an internal currency, recognizing the yield advantages produced by Enviro-Digital goods and projects and assigning them to each Enviro-NFT. These tokens have a consistent value and can be traded for USDT within the platform. For instance, one dollar in yield produces one HARVEST, which is equal in value to one USDT.

These tokens are versatile and applicable to all kinds of Enviro-NFTs, holding the same worth. Users have the option to temporarily dedicate their Enviro-Yield Tokens and receive a fixed annual increase of 5% to 10% on the committed value. Additionally, these tokens can be utilized for the acquisition of fresh Enviro-NFTs and CANOPY tokens.

HARVESTs, built on the Polygon network, are Stable Tokens adhering to the ERC20 standard. Stable-coins, such as these tokens, are designed to maintain a stable value relative to another asset, such as the US dollar. This stability guarantees that the yield associated with HARVESTs remains steady, offering a dependable and predictable investment choice for users.

The Proof of Revenue system links the destruction and creation of HARVEST to the authentic income produced from farming and other operations on the property. Data from various sources is collected instantly and recorded on the blockchain to guarantee openness and responsibility in the token system. This approach marks a substantial advancement in decentralization within the MetaCanopy network.

Users have the flexibility to sell their HARVESTs on the over-the-counter (OTC) market in exchange for fiat or other cryptocurrencies. Alternatively, they can stake their tokens on MetaCanopy's staking platform to earn a high Annual Percentage Rate (APR), further enhancing their potential returns.

Enviro-Utility Tokens – (CANOPY):

CANOPY tokens are the native tokens of the MetaCanopy protocol, which operates on the Polygon blockchain. These tokens are tradable on centralized and decentralized exchanges. Their value is influenced by factors such as market dynamics, the success of the MetaCanopy project, and how they are utilized within the ecosystem.

CANOPY tokens serve various purposes within the MetaCanopy ecosystem as a utility token. They enable users to buy and trade Enviro-NFTs for shared ownership of enviro-friendly products and projects. Furthermore, CANOPY tokens can be used to purchase sustainable goods and services from the MetaCanopy marketplace, granting users access to a diverse selection of eviro-friendly offerings. In addition, CANOPY tokens are essential for engaging in DAO voting, empowering token holders to participate in crucial decision-making activities within the ecosystem.

CANOPY tokens are ERC20-based utility tokens, adhering to the standards of the Polygon blockchain. With a limited supply, CANOPY token serves as the primary medium of exchange within the eSuFi ecosystem, facilitating various transactions and investments.

By staking onto their CANOPY tokens, users can take part in DAO voting and have a say in significant decisions. Moreover, CANOPY token holders can utilize their tokens to shop on the eSuFi marketplace and enjoy special perks such as discounts and cashback rewards, making their shopping experience even more rewarding.

CANOPY Token Supply & Distribution Plan

Need for Lock-In Period:

The lock-in period for early investors, i.e, Seed, Pre-Launch, and Public ICO, serves multiple purposes:

• Stability and Commitment: MetaCanopy ensures that early investors are committed to the project for a significant duration. This stability is crucial for the initial stages of the venture.

• Long-Term Vision: Encourages Early Investors to take a long-term perspective on their investment, aligning their interests with the sustainable growth and success of MetaCanopy.

• Project Credibility: A lock-in period adds credibility to the project, as it signals to the broader investor community that early backers are confident in the venture's potential and are willing to commit their funds for an extended period.

ICO Phases

Staking Rewards

Empowering Investors through Staking:

Staking, a fundamental principle in blockchain technology, plays a crucial role in fortifying network security and stability. In this process, participants lock up their tokens for a predefined duration, actively contributing to transaction validation and the overall integrity of the blockchain.

MetaCanopy recognizes the pivotal role of Investors in shaping a diverse investor base. In an effort to motivate their engagement, MetaCanopy allocates an enticing staking bonus, constituting an equivalent of 20% of the total CANOPY token. This innovative reward mechanism aligns the interests of Investors with the overarching success and sustainability of MetaCanopy.

Purpose and Impact:

Staking serves a dual purpose for MetaCanopy, fostering network security and providing Investors with bonus rewards. The structured reward system allows investors to choose their lock-in period based on their preferences.

The impact of staking on CANOPY’s price performance is notable. By encouraging longer lock-in periods, MetaCanopy aims to create stability in its token's price and establish a more committed investor base. Additionally, the increased circulation of staked tokens can enhance liquidity and positively influence overall market dynamics.

In summary, MetaCanopy’s innovative approach to staking and bonus rewards not only acknowledges the significance of Investors but also underscores the fund's commitment to creating an inclusive and decentralized financial landscape.