I think the 1 year cliff is excessive.
In order to get people like M3M3, who actually have the purchasing power to buy MET, on our side.
In my opinion, a one year cliff spread over 12 months from the day of the TGE is justified.
Otherwise, I think we will again be the victims of people who have no purchasing power and are simply airdropping $MET tokens to farm.
To reduce the circulating supply of m3m3 and bring the remaining holders together, we propose a Stake-to-Burn Pool mechanism. Instead of distributing rewards, the fees generated by the pool will be used to buy and burn m3m3 tokens. The more liquidity is staked, the greater the burning effect.
How It Works
Users stake m3m3 tokens in the Stake-to-Burn Pool.
Fees generated from the pool (e.g., protocol revenue, swap fees, etc.) are used to buy m3m3 tokens from the market.
These purchased m3m3 tokens are permanently burned, reducing the total supply over time.
The more tokens staked, the higher the burning volume.
Benefits
• Reduces Circulating Supply → M3M3 becomes scarcer over time.
• Unites the Community → Encourages holders to work together to reduce supply.
• Increases Token Value → Lower supply can lead to higher demand.
• Sustainable Mechanism → No inflation, only deflation through burning.
Next Steps
• Gather community feedback.
• Work with Meteora to explore implementation.
• Conduct a governance vote to approve the proposal.
Would you support this proposal? Let’s discuss and vote!
It’s a good Idea but I believe full tokenisation paper or graph will present good datas of how the rest of the remaining percentage are being share within the team, community, partnerships and future incentives of $Met token.
All the best.
i think a lot of people who invested more into m3m3 and got rekt were early/consistent users of meteora, so it is important to take care of them and rebuild trust.
If im not mistsaken, a top % of LPers were airdropped m3m3.
I personally received some then invested more funds once Meteora announced that it was their official memecoin. I invested more funds because I thought the daily rewards were a good opportunity at the time, along with building a better m3m3 score when that system was announced - includes buying and staking LGTB, pumpAI, goatAI, ogmeme
Although a risky play(s), I felt it was a good play(s) because I believed in Meteora and the PPP movement they were (indirectly but directly?) pushing.
I am still a big supporter of meteora…but damn, anytime m3m3 comes up, I am reminded of my heavy resentment that this ever happened and even question why I’m still here promoting meteora when I’m not even paid to do so. Sometimes i question myself if im stupid for still being loyal to something i got super rekt on…like being faithful to a partner that cheated on you type of deal…
I would like to know if there will be allocation for those who had MER Tokens in the Wallet before the Snapshot, as it was one of the criteria defined in the Meteora project written in the WHITE PAPER, whoever read the document knows what What I’m saying…