As a decentralized Web3 application of the World Cup theme, BIB Meta has made a bold attempt with its unique eco-economic model design.
TAIPEI, TAIWAN – Media OutReach – 28 October 2022 – BIB Meta, the world’s first Web3 eco-exchange, recently opened the NFT auction, and at the same time opened the node staking function, which aroused strong market concern. BIB Meta is built by BIB Exchange and is compatible with DeFi, NFT and GameFi. It integrates the dimensions of NFT selling, trading, synthesis, competition quiz, card collection, community nodes, and virtual sports games, and builds a huge Web3 ecosystem.Community is the most comprehensive and important core function of BIB Meta. Users can create community nodes by pledging Samsung or four-star NFT star cards and entrusting a certain amount of BIB Token as node start-up money.
When users staking the NFT of three and four stars, they can get a community certificate NFT representing ownership. The NFT represents that the user has the ownership of the star card NFT staked by the corresponding node and the node startup fund. The NFT can be traded, and at the same time, its corresponding rights and interests will be transferred.
Staking Rules and Supernodes
Users who hold BIB Token can entrust the Token to the node to obtain mining revenue of BIB Token. Mining revenue comes from linear release of blocks and BIB Meta ecological revenue. The revenue that users can get will be determined by the proportion of the staked amount to the total staked amount.
On the other hand, the node owner can adjust the amount of node startup money. Smart contract allows users to upgrade 3-star nodes to 4-star nodes. BIB Token in the node lock position does not need to be migrated. Community nodes that have obtained the top 30 BIB Token numbers of users and other community nodes and have no superior nodes automatically become super community nodes.
Detailed explanation of community revenue
As an important part of BIB Meta ecology, community nodes can naturally get rich benefits. The revenue sources of a community can be divided into four parts.
Entrust revenue of start-up fund (consists of two parts), monthly revenue of super node and staking revenue of NFT.
(1)Community revenue pool accounts for 55% of the total prize pool. This part is divided into two parts, in which 80% of the proceeds are distributed to users who entrust BIB tokens to nodes, and 20% to owners of nodes;
(2) The monthly revenue of super nodes accounts for 5% of the total prize pool, which is distributed to super nodes on a monthly basis, and distributed according to the proportion of the total commissioned amount (including the commissioned number of lower nodes);
(3) NFT staking revenue accounts for 40% of the total prize pool, which is only distributed to NFT staking users according to the star rating and gradient of star cards.
All the above proceeds are BIB currency-based revenue. In addition, as a community node, the node startup fund included in the node will have the right to receive dividends in cash, and the dividends in cash will be distributed as BUSD, that is, U standard.
Ecological stimulation-community node is not only a POS mechanism
Users of BIB Meta community nodes can attract more users into the ecology through network publicity, community building and other KOL-like behaviors, and staking their BIB Token to this user’s node. The more the number of stakings, the greater the probability that the node will become a super node.
Once a node becomes a super node, both the node and the users staked in the node will gain more benefits. Therefore, under this mechanism, the community nodes will compete with each other, and the competition will prevent the early profitable users from “lying flat”.
As far as BIB Meta is concerned, Web3 is an exploration and attempt, and its ecological model can be recycled and compete with each other, which makes the current application balanced.
With the arrival of FIFA World Cup Qatar 2022, and the deepening of market cooperation with stars and traditional Web2, the performance of BIB Meta may be worthy of attention.
Hashtag: #BIBMeta
Services
STAKEHOLDER ENGAGEMENT
Stakeholder mapping, analysis, engagement and communication needs to be detailed to avoid business losses or even worse, a crisis. How can you do this effectively to prevent failure? ...
BUSINESS INTELLIGENCE
Data-driven business decisions have never been as crucial, especially in this era. MGBF leverages off, technology, experience and market presence to aid businesses in making accurate decisions. ...
GOVERNMENT RELATIONS
MGBF provides comprehensive strategic advice and results-focused solutions to solve clients' problems in business-government relations so they can focus on their core business. ...
BUSINESS & BROADER MARKET ACCESS
A critical business challenge is meeting the right decision-makers and potential buyers through the best channel and platform. How will you improve your business competency? ...
Upcoming Events
‘A WORKING LUNCH WITH NORDIN’: NATIONWIDE TOUR WITH TOYOTA
MGBF founding chairman Nordin Abdullah and UMW Toyota president Datuk Ravindran K. will delve into the convergence of automotive innovation and environmental sustainability in Penang, Sarawak, Johor and Pahang.
MGBF Roundtable: Digitalisation of the Food and Beverage Industry
Hosted by menumiz™ – an end-to-end restaurant management system – this roundtable will feature a case study presentation and a panel session to discuss the latest digital trends, challenges, and opportunities within the food and beverage sector.
THE SOUTH CHINA SEA: A THREAT OF DISRUPTION FOR BUSINESS?
In this episode of 'A Working Lunch with Nordin', MGBF's founding chairman, Nordin Abdullah, will host this discussion focusing on the biggest threats and opportunities for businesses as we look to manage change in the South China Sea.
FOOD SECURITY IN THE BREACH: INDUSTRIALISATION AND WEAPONISATION
This MGBF Roundtable will focus on regional food security issues and trends in the regional supply chain, and trade regulations and policies, including a new geopolitical tool i.e., weaponisation of supply chains.
MGBF In The News
News provided by Emjay Communications Malaysia and China commemorated a historic milestone of 50 years of diplomatic relations with a grand celebration at Sunway Velocity Mall on the 10th of August 2024. The event, themed “Hi China: Discovering China Opportunities and Celebrating 50 Years of China-Malaysia Relationship,” aimed to deepen […]
Planet QEOS, KIS BlOCNG San Bhd, and the Sarawak Land Consolidation and Rehabilitation Authority (SALCRA) have officially signed a tripartite memorandum of understanding (MoU) to establish a collaborative framework aimed at producing bio-hydrogen via the Steam Biomethane Reforming (SBMR) Process. The MoU was signed by Planet QEOS executive chairman Dino […]
Planet QEOS and China Machinery Engineering Corporation (CMEC) are interested in investing RM10 billion to co-develop advanced Megawatt peak (MWp) agrovoltaic in Baram, to further boost Sarawak’s green energy initiative and food security. Sarawak Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg was briefed on Friday by both the […]
Last week SPM results came out, 373,974 aspirants who have been waiting patiently over the last few months would now know their fate. Some 10,109 have received all A’s, the golden standard of academic success and the ticket to those looking to study the “more advanced” subjects in university. Proudly, […]
The classic knee-jerk reaction is to say, fire the coach, change the leadership of associations, and reduce the funding till they start performing better. This kind of negative reinforcement may work for kindergarten children, but we are dealing with high-performance adults – individuals much further along in their psychological and […]
Since its earliest tea plantations in 1929, Cameron Highlands has grown to become a key player in the agricultural landscape of Malaysia, producing 40 per cent of all vegetables grown. Despite Malaysia shifting its economic focus away from agriculture, the industry remains imperative for food security and the livelihoods of […]
Although at first glance the travel industry and the agricultural sector appear to have nothing in common, they actually share more than meets the eye. The economic benefits of tourism to the agricultural sector can be multiplied several times over. “Tourism brings the end consumers closer to the source, which […]
The Malaysia Global Business Forum (MGBF) recently held a high-level roundtable themed ‘Designing the Future of the Digital Economy’, attended by industry leaders and business associations. The guest of honour was Yang Berhormat Syerleena Abdul Rashid, the Member of Parliament (MP) for Bukit Bendera in Penang. The MP’s Special Session […]
The Malaysia Global Business Forum (MGBF) will be hosting a roundtable on ‘Designing the Future of the Digital Economy’ on 23 February 2023. It is the culmination of the first three MGBF Exclusive Roundtable Series titled ‘The Evolving Threat Matrix in the Digital Economy’ held throughout 2022. According to the […]
The Founding Chairman of the Malaysia Global Business Forum (MGBF), Nordin Abdullah, today spoke on Bernama TV’s leading English talk show, The Brief, hosted by Jessy Chahal, on the topic of a stable political reality and what that means for the Malaysian economy. Nordin said, “The first thing that it […]
More than 1,100 years ago, Muhammad ibn Musa al-Khwarizmi was developing the mathematical formulas that we know today as algorithms which now have become so intertwined with the business fortunes of global media giants and the very fabric of geopolitics. A series of recent high level international reports have revealed […]
KSK Land has been recognised by the Malaysia Global Business Forum (MGBF) for its role in attracting high net-worth individuals to Malaysia post-pandemic. The first challenge in investor attraction is “selling” the country. In the context of Asia, Malaysia is competing with some very established investment destinations. The second […]
Malaysia, in particular Kuala Lumpur, continues to position itself as a regional centre to do business, educate a family and enjoy a global lifestyle. One company, KSK Land, has taken the lead in positioning itself and the city of Kuala Lumpur as a property investment destination for the global citizen […]
The upcoming budget represents an opportunity to build resilience in the critical sectors that will form the backbone of the country’s future-facing economic ambitions. This however needs to be achieved in the context of managing the community sectors most impacted by COVID-19 over the past two years. The Keluarga Malaysia (Malaysian Family) […]
KUALA LUMPUR, 6 July 2022 – As the global economy continues to deal with unprecedented levels of disruption caused by the pandemic and the conflict between Russia and Ukraine, the convergence of energy security and food security issues has become a front-of-mind issue faced by policy makers and consumers alike. […]
KUALA LUMPUR, 23 June 2022 — Malaysia Global Business Forum (MGBF) ties up with scoutAsia to ensure that businesses are equipped with deeper regional insights. The past two years has seen a massive shift in the way businesses are conducted with digitisation, digitalisation and automation continuously being adopted to improve […]
KUALA LUMPUR, 25 May 2022 – The Malaysia Global Business Forum (MGBF)’s exclusive roundtable on ‘Security Concerns in Critical Value Chains’ was held in a hybrid setting yesterday at the Eastin Hotel Kuala Lumpur. The guest of honour was Yang Berbahagia Tan Sri Dato’ Seri Rafidah Aziz, former minister of […]
