[Dao Chain Investment Management Limited] Match!
What is the innovative SocialFi project that excites Generation Z, and what is its amazing mechanism?
*Dao Chain Investment Management Limited*
Press release: August 28, 2024
**
Match! What is the innovative SocialFi project that excites Generation Z, and what is its amazing mechanism?
*Official:* *
https://dapp.match.top/home*
* summary:*
* Dao
According to Chain’s research, the proportion of GenZ generation among the mainstream web3 users has increased significantly. It is impressive that the number of GenZ generation members is gradually increasing not only among the main users but also among the core members of web3 projects. *
* This time, Dao
Based on Chain’s report, we would like to introduce you to the full story of Match, a representative SocialFi project created by the GenZ generation. Let’s take a look together at what kind of world is being expressed by combining popular technologies such as memes, SocialFi, and AI! *
Although SocialFi is a social network service, the most important thing is that it is a field that emphasizes “Fi”, that is, financial elements. Until now, various projects have conducted “social experiments” through their own ecosystems, but the reason why traditional SocialFi has not been able to develop sustainably can be traced to tokenomics. A brief summary of the problems is as follows.
First, there is the issue of incentive imbalance. If the token distribution or reward system is unbalanced, early participants or certain users may benefit excessively, while new users or general users may be disadvantaged.
Secondly, oversupply of tokens is also a problem. Too much supply of tokens can dilute the value of the tokens and cause inflation. This can reduce user motivation and reduce platform usage. Also, if a token has low liquidity, it will be difficult for users to convert the token into cash, reducing the utility of the token. This can reduce user engagement and inhibit platform growth.
Finally, market volatility is also a major challenge. Due to the high volatility of the cryptocurrency market, the value of Tokens may fluctuate rapidly. This increases the risk of users holding tokens and may make them difficult to use in the long term.
What kind of solutions does Match, which is currently attracting attention mainly among Generation Z, take on traditional issues? Let’s take a look directly at the tokenomics of Match.
*1. Social incentive $RFG and NFT as a store of value – Spiral up mechanism with double assets*
First of all, RFG is a type of Meme coin, and we aim to differentiate it from other Meme coins by having a strong utility. RFG is the only alternative asset on the Match platform, with strong fairness incorporated into the token design and community building.
* a. Distribution of tokens *
RFG’s token economic model emphasizes transparency and fairness. Total supply is 100 billion, *no share for project team*
. Instead, 30% will be used for liquidity provision, 10% for airdrops, and 60% for community mining, etc. All tokens are locked in a smart contract and released when certain conditions are met. This reduces the risk of market manipulation and creates an environment where all users can obtain tokens fairly.
* b. Role of NFT *
One of the major features of RFG is mining using NFT. By owning an NFT, users can continue to earn profits, like having a “perpetual motion machine” that acquires RFG. The number of NFTs is limited to 45,000, of which 90% will be sold in a random blind auction to determine the price. In addition, different mining weights are set for each type of NFT, and multiple types of mining pools are also available. This fair mining system through NFT allows users to have a fairer chance.
* c. Growth potential *
RFG’s initial liquidity is set at $100,000 and its initial full diluted value (FDV) is set at $4.5 million. This shows that there is significant room for future growth for those who enter while FDV and market capitalization are low. For example, if your project grows and reaches $100 million in FDV,*
Expect a 50x return*
. Additionally, RFG currently has a low market value of $460,000, so it has the potential for further growth, but the liquidity pool is large enough that the risk for users to sell is low and trading is smooth. It is possible to do so.
In addition to its fair and transparent token distribution model, RFG employs a unique mining method using NFTs, providing an attractive way for users to participate. In particular, the fact that NFTs play an important role in the generation of RFGs and the fact that users have the opportunity to gain large profits by participating early on is of great interest to many people.
On the other hand, the volatility of the cryptocurrency market remains high, so the risk of sudden price fluctuations must also be
considered. However, the project design itself can be evaluated as a community-driven and fair model, and stable growth can be expected over the long term.
*2. About Match V1 system design to realize spiral up*
The contract system of the Match platform consists of a token system, an auction contract, a staking system, and a single token staking system.
We will focus on NFTs and auctions.
$RFG is a crypto asset used on the Match platform, and is expected to grow significantly in the future. However, getting RFG tokens is not easy, and in order to get a lot of $RFG in the early stages, * The only method* is “NFT staking,” which uses NFTs (non-fungible tokens).
* a. Types and values of NFT *
There are three types of NFTs: α (alpha), β (beta), and γ (gamma), and each has a different “mining weight”. This “mining weight” indicates the efficiency of staking NFTs to obtain RFG.
– α: 1.1x
– β: 1.2 times
– γ: 1.3x
Since γ has the highest efficiency, it is also considered to be of high value.
* b.NFT staking pool *
At Match, there are three types of staking pools. By staking NFTs, users can earn $RFG.
– Single NFT Pool: Stake 1 NFT.
– 2 NFT pools: Combine and stake 2 NFTs.
– 3 NFT Pool: Stake 3 NFTs. The highest profits can be obtained. * c.NFT purchase and auction *
NFTs will be sold in a decentralized British-style auction. *The auction will be held in 12 parts, with the first one starting at $70* I will. The second and subsequent auctions start based on the previous successful bid price, and the price increases with each successive auction. Therefore, those who acquire NFTs early on can see their value increase several times later.
In short, by acquiring NFTs early and staking them, you can earn $RFG while also increasing the value of NFTs and making profits.
Additionally, all processes are decentralized, transparent and fair. *3. About the outlook and future potential of the Match project*
* a. Unique NFT economic model *
At the core of the Match project is an economic model that leverages NFTs. NFT owners can stake their NFTs to earn RFG tokens, providing ongoing incentives for users. There are three types of NFTs (α, β, and γ), each offering different staking rewards. In particular, a mechanism has been introduced to maximize profits through staking using multiple NFTs, such as the “3NFT Pool,” which is believed to promote the revitalization of the entire community.
– A unique staking system that utilizes NFTs is promising in that it can differentiate itself from other Meme projects and provide sustainable value.
– The scarcity of NFTs and their value can be expected to increase, which is likely to bring large profits to early entrants.
* b. Growth potential of $RFG *
$RFG is a reward and a means of value exchange on the Match platform. Token supply is strictly controlled, and token circulation and distribution are based on transparent smart contracts. In particular, token allocation is carried out with an emphasis on fairness, such as liquidity provision and airdrops to users.
– RFG has low FDV (Fully Diluted) in the initial stage.
Valuation), leaving significant room for growth. It is expected to grow to a market capitalization of over $100 million, offering long-term investment value.
– Especially since RFG can be obtained by staking NFTs, demand for the token itself will increase and the price is expected to rise.
* c. Fair community design *
The Match project is characterized by a design with a strong focus on “fairness.” NFT sales are random* British-style auction*
Pricing and drawings are also controlled by transparent algorithms. Additionally, the number of auction participants is limited to avoid the risk of early token acquirers dominating the market.
– Fair distribution and transparency will increase community trust and encourage long-term user participation.
–
While some tokens in the Meme coin market are often speculative and short-lived, Match has the potential to create a sustainable ecosystem by offering transparency and fairness.
* d. Double asset model and growth mechanism *
The NFT and RFG double asset model is at the heart of Match’s ecosystem. An increase in the price of NFT will affect the price of RFG, and conversely, an increase in the price of RFG will push up the value of NFT.
The effect of “spiral up*” is expected. This synergy creates a mechanism where the value of both assets grows in tandem.
– The double asset model will provide long-term incentives for users and foster overall community growth.
–
In particular, it is expected that the community’s involvement in the maintenance and growth of the platform will be strengthened, as users will be able to directly experience the increased value of the platform through NFTs.
* summary*
The Match project stands out from the typical speculative projects in the meme market, and is attractive in its advanced economic model that uses NFTs and tokens and its design that pursues transparency. Staking and growth mechanisms, especially with NFTs, have the potential for long-term growth and will be highly profitable for early entrants. With a design that emphasizes fairness and transparency, we hope to create a sustainable ecosystem, but we must continue to be wary of market volatility.
* [Match official information] *
1. Official: https://match.top/
2. X: https://x.com/Match_SocialFi
3. Medium: https://medium.com/@MatchFi
4. Telegram: https://t.me/MatchGlobal
5. White Paper: WELCOME MATCH | Match (gitbook.io)
* [Match RFG Token Airdrop Summary] *
The first RFG airdrop will be held to expand $RFG, which is the center of the Match ecosystem.
– * a. Airdrop task period: August 18, 2024 – August 28, 2024 * – * b. Airdrop receipt date: August 30, 2024 *
Airdrop content
* 1. Registration airdrop (357M RFG distribution) *
If you register with Match and enter the necessary information, you can randomly receive up to 2 million RFG.
Distribution example:
– 1 person: 2 million RFG
– 10 people: 500,000 RFG
– 100 people: 200,000 RFG
* 2. Social media airdrop (29M RFG distribution) *
You can randomly receive up to 200,000 RFG by completing tasks on Match’s Telegram or X (formerly Twitter).
Distribution example:
– 10 people: 200,000 RFG
– 1000 people: 10,000 RFG
* 3. LP staking airdrop (600M RFG distribution) *
Provide liquidity for the RFG-USDC pair on Uniswap and earn rewards when you stake. The more liquidity you have, the more rewards you unlock, up to 100%. Each airdrop reward will be released in two stages. Winners will also be able to use the official Telegram bot or Match
You can receive notifications with Dapp. Please check the official website and Telegram for more details!