CryptoMeda’s Updated Tokenomics

3 min readSep 14, 2021

Hey CryptoMeda Heros ⚔️

We are excited to unveil our updated tokenomics for all of you to view! As many of you know, the founders of CryptoMeda have distributed 1.5 mil $TECH tokens from our founders share to our community through vesting.

While we were busy determining how to compensate our community, we were unable to provide updated tokenomics, as figures were subject to change. However, now that our compensation plan has been completed, we are excited to share with you our updated tokenomics.

As many of you know, we at CryptoMeda are dedicated to our community and we believe that transparency is the key to maintaining trust. In light of that, please view our infographic below detailing everything you need to know about our $TECH token.

Thank you for your continued support and again stay tuned to stake your $TECH tokens, available Sunday September 19th.

The Power of TECH Tokens

Cryptomeda’s native TECH token elevates our overall platform experience with a multi-utility token designed to reward users in several ways. Apart from trading and purchasing digitals collectibles, TECH holders will enjoy benefits that provide community members with the opportunity to earn passive income, governance rights and take part in exciting quests to win rare NFTs.

Staking

To make the process of staking TECH as simple, flexible, and rewarding as possible, Cryptomeda provides holders with two pools and rewards systems to choose from. Our first option, Standard Staking, allows holders to earn more by staking more. Their tokens are held in a general staking pool and there is no fixed amount required for this method.

The second option, Liquidity Staking, requires holders to provide TECH & Ethereum tokens in return for a broader range of rewards. With this option, tokens are added to the Quickswap utility pool in exchange for a Liquidity Provider Token. Users can further stake these LP tokens within the Cryptomeda platform as a way to add more $TECH to their wallets.

Our pools will lock withdrawals two months from the time staking begins and rewards will be distributed to staked balances weekly, thereby compounding interest and maximizing ROI for our users.

Community Quests

Like other native tokens on NFT platforms in the market, $TECH enables holders to buy, sell, and trade their favorite digital collectibles. However, we wanted to ensure that $TECH also provided innovative and rewarding ways for users to participate in our ecosystem, and we accomplished this with the advent of Community Quests.

Users can put their creative skills to the test and compete with one another through art, stickers, and writing, as a way to suggest new ideas for cards and storylines. Submissions will be voted on by the community and the Cryptomeda team, and winners will receive rare NFT cards exclusive to the quest they participated in.

Meda Wars

Our Meda Wars game adds extra utility and entertainment for TECH holders with a strategy-based game that allows users to earn rewards like more TECH, cards collectibles, and NFTs found within the game itself. The game will first launch for mobile devices, with plans to develop larger PC-based games in the future.

About Cryptomeda

Cryptomeda is a gaming ecosystem that uniquely blends NFT collectibles, DeFi mechanics, and iconic crypto characters into an exciting fantasy world. Players of all experience levels can explore Cryptomeda and find various opportunities to earn; whether it is finding rare collectibles, winning prize pools, receiving ranked rewards, or acquiring an ultra-rare Revolution card, traversing the world of Cryptomeda is both fun and highly rewarding. To tie the world together, all economic activity is facilitated by one unified currency — TECH.