Tokenomics
$MESH Tokenomics
The $MESH Token is the native cryptocurrency of the ConcertMesh ecosystem. It serves as the primary medium of exchange for rewards, purchases, and transactions.
The CrowdMesh Tokenomics strategy leverages a hybrid blockchain approach—using Polygon as the primary blockchain and either Solana or Avalanche for handling high-frequency transactions. This strategy is designed to ensure low costs, high scalability, and a seamless user experience while delivering robust incentives for music fans, artists, event organisers, and partners.
Core Token Concept
Token Name & Symbol: Create a native utility token (e.g., “MESH”) to serve as the lifeblood across the platform.
Utility: MESH tokens underpin rewards, access fees, governance participation, staking benefits, and more.
Hybrid Blockchain Architecture
A. Primary Ledger on Polygon
Use Polygon for core economic activities that require robust security and broader integration with DeFi and NFT ecosystems, such as:
– Token issuance and staking mechanisms
– Governance voting and protocol updates
– High-value transactions like ticket sales, exclusive merch purchases, and NFT minting
Benefit from Polygon’s low gas fees while enjoying Ethereum compatibility.
B. High-Frequency Transaction Layer on Solana/Avalanche
Deploy a secondary layer on Solana or Avalanche to handle microtransactions and high-frequency, low-value activities:
– Issuing real-time rewards for live concert engagement
– Processing fan challenges, check-ins, and rapid reward redemptions
– Supporting in-app purchases, tipping, and digital collectible trades
Bridge architecture ensures that rewards earned on the high-frequency chain can be seamlessly transferred to the Polygon mainnet as needed, ensuring both speed and a secure ledger.
Token Utility & Use Cases
A. Fan Engagement & Rewards
• Earn MESH tokens by attending live events, completing in-app challenges, and engaging through promotional tasks.
• Receive tiered rewards and bonuses based on fan loyalty, frequency of attendance, and overall interaction.
• Micro-rewards on the high-speed chain for everyday actions, aggregated and settled on Polygon.
B. Access & Payment Medium
• Use tokens to purchase concert tickets, exclusive merch, and digital collectibles.
• Access premium content, special events, and VIP behind-the-scenes experiences.
• Optional utility where tokens act as a medium to unlock bonus rewards or early access for token holders.
C. Staking & Governance
• Stake tokens on Polygon to earn additional yields and exclusive rewards (e.g., upgraded digital collectibles, VIP invites).
• Participate in decentralised governance by voting on platform upgrades, reward distribution changes, or partner integrations.
• Staking tiers can technically correlate with fan engagement levels, thereby rewarding the most loyal users.
Token Supply, Distribution & Allocation
Initial Supply
1,000,000,000 $MESH Tokens.
Distribution:
Fan Rewards (40%): Distributed to fans for attending concerts, completing challenges, and engaging with the platform.
Artist and Label Incentives (20%): Allocated to artists and labels to reward fan engagement and loyalty.
Platform Development (20%): Reserved for ongoing development, maintenance, and scaling of the platform.
Community and Partnerships (10%): Used for marketing, partnerships, and community-building initiatives.
Team and Advisors (10%): Allocated to the core team and advisors, with a vesting period of 3 years.
Gamified Rewards
Create a dynamic reward mechanism where real-time actions (check-ins, event participation) via Solana/Avalanche trigger immediate small-scale rewards which accumulate and can be “optimised” or “compounded” when aggregated on Polygon.
Periodic events and challenges ensure continuous community engagement.
Liquidity Mining & Referral Programs:
Reward early adopters, liquidity providers, and power users with bonus MESH tokens, incentivising decentralised growth and a vibrant secondary market.
Referral systems encourage organic growth within the music community, where user sign-ups and event participation lead to increased network effects.
Dynamic Staking Rewards:
Adjust staking yields based on fan engagement metrics and live event participation, encouraging both passive holding and active interaction.
Governance & Future Proofing
Decentralised Governance:
Empower community members to propose and vote on future enhancements, allocation adjustments, and strategic pivot points.
Use a DAO model where token holders can ensure that the platform evolves in response to community needs and emerging market trends.
Continuous Upgrades:
Incorporate periodic audits and community feedback into the tokenomics model.
Prepare for cross-chain governance evolution as additional blockchain integrations become beneficial to support new revenue streams or engagement models.
Last updated