Mey Network (MEY)

IDO

Last updated: Nov 02, 2024

Mey Network is a global tokenized real estate investment platform aimed at revolutionizing real estate investment, management, and transactions.

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Overview

Project industry	Real Estate / DeFi / Base Ecosystem / RWA
Product type	Platform
Founded	Vietnam
Whitepaper	Open
Onepager	Open

What is Mey Network

The Mey Network is an all-inclusive and cutting-edge platform created to revolutionize real estate investing, management, and transactions.

Mey aims to democratize access to real estate investments by fusing blockchain technology with tangible assets, offering a safe, open, and effective marketplace for all players.

The ecosystem is built on the foundation of two core pillars:

MeyFi, a decentralized finance (DeFi) platform tailored for real estate
Meychain, a dedicated Layer 1 blockchain designed to support Real-World Assets (RWAs)

MEY Token Utility:

Boosted APY: MEY token holders earn higher APY when staking to provide liquidity, incentivizing active participation in the lending ecosystem.
Exclusive Access: Access to premium features, such as fractional ownership of tokenized real estate, VIP events, and exclusive content.
Tiered Membership: Different levels of benefits based on the number of tokens held, offering a tiered membership system.
Platform Fee Earnings: Passive income from a share of platform fees by staking or holding tokens, with larger holdings yielding a bigger share.
DAO Voting: Governance rights for ecosystem decisions, enabling holders to vote on new features, upgrades, and strategies, ensuring community-driven development.

Details

IDO (BSCS Launchpad): Nov 06, 2024 - Nov 07, 2024
Token supply: 2,300,000,000 MEY
Total tokens for sale: 11,363,636 MEY

Legal

Blockchain Platform: Base Network
Registration year: 2024

Token info

Ticker: MEY
Type: Utility-token
Token standard: ERC-20
Token price in USD: 1 MEY = 0.022 USD
Token distribution:
Angel Round - 2.40%
Seed Round - 4.00%
Private Round - 8.00%
KOL Round - 1.50%
Public - 2.50%
Mining & Incentives - 30.00%
Staking reward - 10.00%
Marketing - 4.60%
Airdrop - 1.00%
Liquidity - 10.00%
Foundation - 15.00%
Team - 8.00%
Advisors - 3.00%

Mey Network Roadmap

Phase 1: Launch of MeyFi Platform

Mey P2P Lending (September 2024)

Launch of the peer-to-peer lending feature on the MeyFi platform, enabling users to lend funds directly to property owners, with the potential to earn interest on their investments.

Mey Staking (September 2024)

Introduction of the staking functionality, allowing users to stake their MEY tokens to earn rewards, gain access to fractional property ownership, and support the platform's liquidity.

Property Token Offering (PTO) (October 2024)

Rollout of the Property Token Offering, where users can invest in tokenized real estate assets, democratizing access to high-value properties through fractional ownership.

Marketplace (November 2024)

Launch of the MeyFi Marketplace, providing a platform for users to trade tokenized real estate assets, lending opportunities, and other related financial products.

Mey Tap Game (September 2024)

A gamified engagement tool similar to Hamster Kombat, designed to attract and engage users with the MeyFi platform.
This interactive game will serve as a fun entry point for users to learn about the platform's features while earning rewards.

AMA and Online-Offline Events

A series of "Ask Me Anything" (AMA) sessions and educational events, both online and offline, aimed at educating users about MeyFi’s functionalities, benefits, and opportunities.
These events will serve to build community trust, answer user questions, and drive platform adoption.

Phase 2: Development of Meychain

Development Timeline (November 2024 - July 2025)

During this period, Meychain will undergo crucial stages of development, focusing on building a robust, secure, and scalable blockchain infrastructure. The development process will include the creation of smart contracts, integration of staking and governance mechanisms, and ensuring compliance with regulatory standards.

Testnet Launch (September 2025)

Introduction of the Meychain testnet, allowing developers and early adopters to test the network’s functionalities, smart contracts, and integration with MeyFi.
This stage is crucial for identifying and addressing any potential issues before the public release.

Mainnet Launch

Following a successful testnet phase, the Meychain mainnet will be launched, enabling full functionality, including token transfers, staking, and DAO governance.

Phase 3: Expansion and Scaling

Opening Offices in Strategic Global Locations (2025)

As part of its global expansion strategy, Mey Group will establish offices in key markets such as Dubai, Malaysia, and Thailand.
These offices will focus on tokenizing Real-World Assets (RWA) in these regions, extending the reach of the Mey ecosystem, and facilitating cross-border real estate investments.
This expansion will also include partnerships with local stakeholders to ensure compliance with regional regulations and to optimize market penetration.