Beniamin Mincu -founder of Elrond Network- recently announced the deployment of a brand new program: Metabonding. Based on the premise that the successful development of a project is made through the involvement of its community, Elrond now wants to federate. Start-ups working with blockchain technology are invited to join the project.
The community at the heart of Web 3.0
For Beniamin Mincu, everything is crystal clear: what makes a project strong is the support and involvement of the community. At the dawn of Web3, Elrond Network insists that the economic growth of future companies will come from individuals.
“In Web3, we own together. The best startups are the ones that have the strongest connection to their community.”Elrond Network
According to Elrond Network, building a community that shares the same values and goals gets projects off to a fast and sustainable start. While Web 2.0 companies rely heavily on maintaining their e-reputation, those who will dominate Web 3 will have new weapons at their disposal. And one in particular: tokenization.
The Web 3 Metabonding of Elrond network
Elrond Network’s Metabonding is presented as “the ultimate way to create a link between a start-up and a community” . The idea here is that each project that will rely on Elrond in order to develop, will have to establish a long term commitment with the most active members of the community.
In concrete terms, the partner start-ups will have to distribute at least 10% of their outstanding tokens to EGLD and MEX/LKMEX token stakers.
In fact, the latter will be regularly distributed (up to the amount of funds staked in MEX and EGLD) allocations from the various projects that subscribe to the Metabonding program. Passive and varied incomes, which will be added to the rewards in tokens to which the users of the Elrond protocol are already accustomed.
In addition to creating a first interest for these new projects, this action will add a new utility to EGLD and LKMEX.
- Web 1.0 = Read
- Web 2.0 = Write
- Web 3.0 = Own
For Beniamin Mincu and his teams, projects that fit into Metabonding will have the opportunity to access rapid adoption but also many benefits. Some of these privileges can be found on the Elrond Network website, such as:
- Visibility and accessibility to the well established Elrond community
- A staking program
- A listing on the decentralized Maiar exchange (DEX)
- A listing on the Maiar application
To conclude the presentation of Metabonding, Elrond insists on the fact that from now on, start-ups will have at their disposal a formidable tool in order to “amplify what they need the most: a community”.
A first start-up joins Elrond’s metabonding
The first start-up to join the Elrond Network stable has already been announced. It is Aerovek Aviation.
Aerovek is presented as a pioneer that combines aviation and blockchain technologies. The $AERO token is already one of the leaders in the Elrond ecosystem with over 100,000 transactions on its counter, just 13 days after its launch.
In the coming days, two new start-ups will be introduced in collaboration with Elrond. Clearly, the community tool that is Metabonding seems very relevant: individuals are now looking to have an active role in the projects they are exposed to. In the same way, these projects need a community, alive and involved. “Let the bonding fire begin!”