What Is Meta Rewards Token? (MRT)

Meta Rewards is a unique cryptocurrency that rewards its users in BNB and is the evolution of the reflection token. A reflection token refers to a cryptocurrency whose holders are rewarded by levying fees on transactions and then redistributing a portion of the fees charged to them. The asset aims to optimize holders’ profits immediately and also in the long term. By holding the tokens, users receive a 10 percent return in BNB from all transactions, which are automatically transferred to their wallets. The platform seeks to enable Meta Rewards Token (MRT) holders to earn passive, long-term income within a safe yet innovative platform.

The token also generates additional revenue for buy-backs to stabilize and increase value while rewarding the users. Buy-backs imply the repurchasing of tokens by the issuer in order to reduce the available supply and increase the value of the token in the market. The platform maintains a buy-back reserve, wherein the tokens are converted into BNB and securely locked and stored in the Meta Rewards contract.

Further, the token has incorporated an anti-whale system that discourages whales by limiting the sale amount to a maximum of 0.15 percent of the circulating supply. Whales refer to individuals or organizations that hold a large amount of a specific crypto token in the market.

In addition, 10 percent of trade is redistributed as BNB to all holders automatically; 1 percent of each transaction is transferred to the liquidity pool; 2 percent of each transaction is transferred into the Smart Contract for strategic buy-backs, and 5 percent of each transaction goes into the marketing and further development plans. The 2 percent sent for strategic buy-backs is stored in wallets, called the BuyBack Wallet.

The platform’s long-term use cases include creating a Meta Acq. platform, staking pools, and an NFT Market Place.

The token operates on the Binance Smart Chain (BSC). BSC was launched in 2020 to develop decentralized applications (Dapps) with greater capacity, lower latency, and faster pace.

HistoryOf Meta Rewards Token (MRT)

The token’s total supply is 1,000,000,000,000,000 MRT.