MEVerse Dev Docs
MEVerse Dev Docs (EN)
MEVerse Dev Docs (EN)
  • Welcome
  • MEVerse Introduction
    • MEVerse Core Design
    • Proof of Formulation
    • Customizable Multi Chain
    • Level Tree
    • Block Redesign
  • Get started
    • How to Set Up a Node
    • Add MEV in Account
    • IDE & Dev Tool
    • Deploy Smart Contract
    • Check Deployment
  • MEVerse Network Structure
    • Generator Node
    • Observer Node
    • Seed Node
    • Public Node
    • Bridge Node
  • Smart Contract
    • Solidity - Smart Contract Language
    • IDE and Tools
      • Remix
      • Truffle
      • Hardhat
      • MEVerse Scan(Explorer)
      • Connecting MetaMask
    • Sample Contracts
    • Testing Guide
  • MEVerse Mining Ecosystem
  • MEVerse Links
    • MEVerse Website
    • MEVerse Whitepaper
    • MEVerse Blog
    • MEVerse Disclosure & Updates (Xangle)
    • MEVerse Coinmarketcap
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MEVerse Mining Ecosystem

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Last updated 8 months ago

MEVerse genesis block was created on July 22, 2019, and mining began.

There was a mainnet 2.0 update on February 18, 2022, and it has boosted the TPS (Transaction per Second) by approximately 28%, maintaining a performance of 9,000 TPS.

The MEVerse mining ecosystem was launched with a total mining year plan of 5 years.

Total Mining Reward (5 years): 160,000,000 MEV

  • Year 1: 60,000,000 MEV

  • Year 2: 40,000,000 MEV

  • Year 3: 30,000,000 MEV

  • Year 4: 20,000,000 MEV

  • Year 5 : 10,000,000 MEV

A scheduled amount of MEV will be issued during each mining year, and at the end of each mining year, an equal amount of MEV will be burned from the Foundation Reserve allocation to maintain a total supply of 2 billion.

The fifth mining year ended on July 31, 2024 at 12:00 PM, and approximately 10 million (9,999,857) of the MEV mined over the past year were burned (burn tx: ).

As a result, MEV coins will remain at a total supply of 2 billion with no further issuance.

https://www.meversescan.io/tx/0x4248f5b62f5a1d767ca03876966968810a002540f0b1d07d61a3b799c69cac0a