Masterkey Token Economy

MKY Token
2 min readDec 30, 2020

Hi, this is the Masterkey team!

In our previous posting, we introduced how users utilize MKY Token and reward, Today, we will share how users can utilize the Masterkey Token Economy.

Masterkey aims to build a sharing economy business within which anyone can participate by an efficient and transparent network. Also, through an incentive model for contributing to the masterkey ecosystem, the network participants could actively engage with making a more robust ecosystem.

Then, how does Masterkey encourage active participation in the ecosystem?

Masterkey Financial Service Investing

Masterkeys can raise funds for Masterkey Lending service. Potential lenders will decide whether to make a loan after reviewing the various information on the real estate itself. Then they can participate by staking MKY tokens. At this time, MKY holders will use MKY as an investment means.

Also, MKY holders who participated in the Masterkey ledning service as the lender receive the disclosed interest in MKY tokens during the staked period.

Deposit to join and maintain Masterkey Membership

Masterkey will operate a masterkey membership to encourage participants in the ecosystem and continuous growth of the network. At this time, service participants can utilize MKY tokens and reward points.

The amount of MKY tokens that can be joined to Masterkey memberships varies depending on the membership level. To maintain membership benefits, staking is required for the duration of the certain period.

MKY Token Reward

Through an incentive model for contributing to the Masterkey ecosystem, the community participants could actively engage with making a more robust ecosystem.

For example,Through the Masterkey referral program, service participants who make a reservation after signing up, the person making the referral will receive a certain amount of MKY Tokens.

MKY rewards distributed by shares, leave comments and any other feature that can help to grow the community with important sources of activity data.

So far, we have discussed the Token Economy of Masterkey Next up, we will introduce the various contents in the Masterkey platform.

Thank you,

Masterkey Team.

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