What is MeshBox?
MESH is a multi-functional cryptocurrency that is designed to reward users for participating in various activities within the Meshswap ecosystem. These activities include Lending, Liquidity Supply, Staking, and Trading, all of which can result in the distribution of MESH tokens as rewards.
Once a user obtains MESH tokens, there are several ways to use them. One such use is to receive inflation compensation by utilizing MESH for Yield farming. In addition, users can participate in MESH staking and receive MESH inflation compensation. Furthermore, users can participate in the vote to determine the MESH distribution rate of the MESH rewarding pool.
For vMESH holders, there are even more benefits, as they can receive free airdrop tokens in farming and Ecopot projects. MESH can also be used for governance voting related to the protocol's agenda, which is scheduled to be updated soon. Moreover, MESH can be used to pay for creating a new farming pool, with the cost of generating the pool being burnt.
It is important to note that MESH is not only the incentive booster of the Meshswap ecosystem, but also the governance token that holds the core authority to determine MESH reward distribution. The total supply of MESH is 126,144,000, and it undergoes halving events every year.
Meshswap has adopted a fair launch model to distribute MESH tokens, meaning that all market participants can only acquire them through liquidity supply in the Meshswap protocol, without any private sale or presale. Overall, MESH offers users a variety of benefits and use cases within the Meshswap ecosystem, making it an attractive cryptocurrency for those looking to participate in decentralized finance activities.
The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.
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