# Token Mining

### Metatoken(MTK) Mining&#x20;

Users can mine Metatokens by purchasing land and consuming Miningstones. Metatoken(MTK) can be used for P2P transactions in Metaverse2, item transactions, building construction, etc., and can also be traded through external exchanges.

Users can mine meta tokens from their tiles. Metatoken(MTK) are only mined on tiles whose sum of tile prices is $10 (100MTK) or more in total based on the purchase price. Metatoken(MTK) are mined once every hour at random times and are distributed at 00:30. As for the amount of meta tokens mined, when the landmark mining amount is 100%, 95% of meta tokens are mined in Sub landmarks and 90% of meta tokens are mined in general land, and the amount of mined tokens is proportional to the land price. Resources are not consumed when mining meta tokens in landmarks, but consumes every hour on Sub landmarks and general lands.

### Halving

As the amount of meta tokens mined increases, there is a risk of a decline in the value of the meta token, so when a certain amount is mined, the mining efficiency is lowered to preserve and grow the value of the meta token. This is called ‘halving’, and the mining difficulty is set to increase for each halving phase.

### mining process

#### Landmark

1. Landmarks can be mined without consuming mining stones.

#### Semi-Landmark and General Land

1. Trade registration after purchasing semi-landmark or general land
2. Metatokens are automatically mined by consuming mining stones.
3. The calculation formula for mining stone consumption and token mining amount is as follows

(Calculation formula to be added)

\*The figures used in the above formulas have been determined by internal policy and are subject to change.

When mining Metatokens in landmarks and semi-landmarks, gold is mined with a low probability, and the higher the price of a tile, the higher the probability of mining. Mined gold is used for special purposes.

### Preparing for Token Mining (Summary)

1. Landmarks, semi-landmarks, or more than $10 (100MTK) of general land are required.
2. Mining stones are required to mine tokens from the buy land.
3. To craft a Mining Stone, [you need 4 types of resources.](https://undefined-21.gitbook.io/metaverse2-whitepaper-eng/item/resources)
4. The 4 resources can be mined by installing a [pickaxe](https://undefined-21.gitbook.io/metaverse2-whitepaper-eng/item/pickaxe) on the resource tile or purchased in P2P.
5. You can combine mining stones on the 'Common Factory' page at the top of the main homepage.
6. You can automatically mine tokens by registering for land sale and possessing mining stones.

### History

2022.09.07

└ Token mining volume will increase 10 times. Mined tokens are not paid during the first week after mining starts, and are paid out once a week after that, and every day after one week. If the land is sold within the first week, mining is canceled, resources are returned, and tokens are not paid.

{% content-ref url="../my-page/mining-timeline" %}
[mining-timeline](https://undefined-21.gitbook.io/metaverse2-whitepaper-eng/my-page/mining-timeline)
{% endcontent-ref %}
