What Makes MEG Unique?
The purpose of MEG is a medium of exchange of in-game economy. MEG should be stabilized in terms of price and ensure its decentralized nature, even when there is no organization to regulate. To work towards this goal, MEG propose a mechanism called Elastic Emission to stabilize the price.
If the total amount of MEG earned is 5% less than the total amount of MEG burned in an epoch, the next Epoch is Expansion.
If the total amount of MEG earned is 5% more than total MEG burned in an epoch, the next Epoch is Contraction.
The system is well-balanced when the reward coefficient is unchanged.
Epoch Expansion: All in-game MEG rewards is multiplied by 115%
Epoch Contraction: All in-game MEG rewards is multiplied by 85%
This stabilisation mechanism and supply-demand adaptation help stabilize the price of MEG. Therefore, the new players can easily participate in Elpis Battle without a high cost-barrier.