4.5 Stability of The Maverse Bank and MA token

In this era where cryptocurrencies are issued unlimitedly, The Maverse to be as a pioneer of this industry, is dedicated in developing a solution to protect token holders’ interests. The core belief held in The Maverse team is that holders express their support to a project by purchasing a NFT project, even if it’s a profit-oriented act. Therefore, we come up with a solution and hope to protect users through this.

The Maverse project establishes a decentralized financial system called The Maverse Bank which shares the same concept as National Central Bank, the major purpose of it is to stabilize currency, anyone who holds MA tokens could exchange for other currencies. The Maverse project owners are not able to affect the price of The Maverse tokens nor to use any assets in the Bank as those are co-shared in the communities.

Assets inside the bank could only be exchanged with MA tokens, and the bank serves as the foundation of The Maverse’s financial system and to maintain value stability of MA tokens for MA token holders. The Maverse Bank is to provide more diversified functions, realizes the full functions of the combination of game and finance.

The stabilizing mechanism of MA token is as below: The Maverse adopts partial revenue to purchase Bitcoin (BTC) periodically and store it in the reward pool in The Maverse Bank. The value of each MA token goes higher as the number of Bitcoin grows. For instance, assuming there are 80 million MA tokens issued and when the pool has 0.8 million Bitcoins, each MA token’s value will be equal to 0.01 BTC. Since there is no limit on how much Bitcoins are saved in The Maverse Bank, the system can go well as long as The Maverse team consistently make profits.