MESH+ PROJECT

DECENTRALIZED NETWORK FOR THE IoT

USING THE BURN-EQUILIBRIUM TOKEN MODEL

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Timothy Kravchunovsky
Mircea-Teodor Raduta

The project involves the deployment of a network of antenna devices to enable connectivity for the Internet-of-Things (IoT)

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Two Token System

Mesh Token Distribution

Token Distribution

Token Distribution

Token Distribution

Staking

Initial MESH Distribution from Network Income

Staking

Initial MESH Distribution from Network Income

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Mesh Inc. & Seed Investors (45%)

Assigned for seed investors and Mesh Inc., who governed

Staking

Initial MESH Distribution from Network Income

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Mesh Inc. & Seed Investors (45%)

Assigned for seed investors and Mesh Inc., who governed

TGE & Late investors (5%)

Assigned for TGE investors and speculators who wants

participate in staking by submitting of MESH tokens

Staking

Initial MESH Distribution from Network Income

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Mesh Inc. & Seed Investors (45%)

Assigned for seed investors and Mesh Inc., who governed

TGE & Late investors (5%)

Assigned for TGE investors and speculators who wants

participate in staking by submitting of MESH tokens

Miners (20%)

Rewarding for participating in network and creation

of antennas coverage

Staking

Initial MESH Distribution from Network Income

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Mesh Inc. & Seed Investors (45%)

Assigned for seed investors and Mesh Inc., who governed

TGE & Late investors (5%)

Assigned for TGE investors and speculators who wants

participate in staking by submitting of MESH tokens

Miners (20%)

Rewarding for participating in network and creation

of antennas coverage

Burn (30%)

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Final distribution (60 years)

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Final distribution (60 years)

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Mesh Inc. & Seed Investors (30%)

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Final distribution (60 years)

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Mesh Inc. & Seed Investors (30%)

TGE & Late investors (45%)

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Final distribution (60 years)

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Mesh Inc. & Seed Investors (30%)

TGE & Late investors (45%)

Miners (20%)

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Final distribution (60 years)

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Mesh Inc. & Seed Investors (30%)

TGE & Late investors (45%)

Miners (20%)

Burn (5%)

Burning and Rewards

Burning and Rewards

  • All NUC shall be burned and corresponding number of tokens shall be added to the emission and rewards pool. It will retain equilibrium regarding the volume of traffic and buying of ToT devices services
  • Corresponding rewards shall be transferred to the stakeholders
  • Over time, the number of burned tokens decreases with increasing total turnover of the tokens number

Internal NUC token

Token is designed to pay for data transfer and device communication on the network

The formula to calculate the number of tokens that are deducted from the wallet to generate NUC for 100 traffic units:

T = (Traffic*P/Pn)/Pt

Results in:

T = (100*0.001/0.00001)/2 = 5000 tokens

Agents in Mesh+ Tokenomics

№ Type of agent Description of actions
1 Miners An agent of STAKEHOLDER type. They buys hardware in order to provide an IoT node and receives remuneration for transmitting data. He also sells his tokens to be exchanged for fiat
2 Exchange An agent of EXCHANGE type It is an agent who represents the exchange on which the token is registered. He performs the purchase and sale of tokens to agents
3 tge and seed Agents of STAKEHOLDER type. A groups of individuals or companies investing in the purchase of tokens at the pre-production stage (Investors). Investors make a profit during the operation of the product - a % of transaction fees as well as receiving the privileged right to buy tokens at a significantly discounted price than on the exchange
№ Type of agent Description of actions
4 Team An agent of STAKEHOLDER type. The project team receives tokens from the general tokens pool, as profit and sells on the exchange
5 Speculant An agent of STAKEHOLDER type. An agent, who trades, buys and sells tokens on an exchange for the purpose of speculating and making a profit by increasing the price. Other agents may be part of this group if they bought tokens on the exchange for the purpose of speculation
6 Marketing An agent of STAKEHOLDER type. Receives tokens from the general tokens pool. These tokens are used to organize the different processes for the increase in the number of network Users as well as the number of Miners
7 devNoperations An agent of STAKEHOLDER type. Receives tokens from the general tokens pool and use it for the operational needs of the project

Token life cycle

Experience using IMS in tokenomics modeling:

Letychevskyi, O. (2022). Creation of a Self-Sustaining Token Economy. The Journal of The British Blockchain Association, 32985.

Letychevsky, O., Peschanenko, V., Radchenko, V., Poltoratzkyi, M., Kovalenko, P., & Mogylko, S. (2019, May). Formal Verification of Token Economy Models. In 2019 IEEE International Conference on Blockchain and Cryptocurrency (ICBC) (pp. 201-204). IEEE

Letychevskyi, O., Peschanenko, V., Poltoratskyi, M., & Tarasich, Y. (2019, June). Our Approach to Formal Verification of Token Economy Models. In International Conference on Information and Communication Technologies in Education, Research, and Industrial Applications (pp. 348-363). Springer, Cham.

Letychevskyi, O., Peschanenko, V., Radchenko, V., Poltoratskyi, M., & Tarasich, Y. (2019). Formalization and algebraic modeling of tokenomics projects. In CEUR Workshop Proceedings (pp. 577-584).

Letychevskyi, Oleksandr. 2022. “Creation of a Self-Sustaining Token Economy.” The Journal of The British Blockchain Association, February. https://doi.org/10.31585/jbba-5-1-(4)2022.

Tokenomics modeling tools

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Tokenomic constructor

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Model Creator

Simulation results in IMS

Tokens Unlocking

Distribution of tokens on the exchange

Distribution of tokens among investors

Distribution of tokens among miners

The ratio of sold to buy tokens

Token liquidity

Token price

MESH+ PROJECT

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info@meshplus.io