February 14, 2022
min read

Introducing “Metabonding” - Community Building For Web3 Startups

Web 1.0 means Read. Web 2.0 means Write. Web3 means Own.

The transition from one internet generation to the next was marked by a group of startups that captured the imagination of end-users and investors alike, and went on to create new technologies and value in the market.

The transition to Web3 will bring about the biggest waves of startups yet. Simply because the end-users themselves are not only using the new apps, but they can now also own and have a say in their directions. This is the driving force behind the new superwave that will transform the internet.

In a space where most technology is open source, community plays a decisive role for adoption. In web3, communities have a new, powerful tool for aligning interests and expressing their decisions: tokens.

Holders, Builders, Contributors

Building a community is crucial for web 3 startups to be successful. Getting a significant amount of the right kind of community right from the start can supercharge the bootstrapping process of startups.

At Elrond, we value community tremendously. It is the group of people, that have gathered around our shared values of hardcore building and open collaboration towards a better financial system, that fuel Elrond’s growth.

It acts as a filter for holders, builders and contributors. And with the right alignment of interests, it will supercharge the rapid expansion of the Elrond ecosystem.

Web3 Metabonding

This is why we are excited to introduce “Metabonding”, the ultimate community bootstrapping product for Web3 startups.

Metabonding is a Web3 bonding fire, and will become the golden standard for community building. This will be the front-page to the Elrond builders scene.

Projects building on Elrond will be able to establish a long term commitment with the most hardcore community members, by distributing ~10% of their token supply to EGLD stakers and LKMEX stakers, over the course of 2 years.

The process will begin as follows:

  1. The “Metabonding” section of the Maiar DEX will soon be live with the first 3 participating projects
  2. Official EGLD staking and LKMEX Metabonding snapshots will begin on March 15
  3. Official Metabonding claims of new tokens will begin on April 15

The projects registering for the Metabonding, will see a rapid adoption taking place in the Elrond ecosystem, benefiting from:

  • Awareness from the entire Elrond community
  • Metabonding snapshotting template
  • A staking program template
  • Listing on the Maiar DEX
  • Listing on the Maiar App
  • “Learn and Earn” style campaigns
  • Trading competitions

A SuperWave of Utility and Value

This brings supercharged utility for EGLD and LKMEX. A significant amount - in the range of 10% - of the token supply of projects signing up for Metabonding will be split in two: half will go to the EGLD stakers and delegators, and the other half will go to the LKMEX stakers.

Projects get a powerful tool to amplify that which they need most: community. Ecosystem members will get a piece of every new project proportional to their EGLD and LKMEX holdings.

We expect that tens, and tens of projects will rapidly adopt this new standard, tapping into the most passionate and hardcore community in the crypto space.

It’s time to get your eGold and LKMEX ready.

Let the bonding fire begin.

Author Profile Picture
Beniamin Mincu
Co-founder & CEO

Beniamin Mincu, the co-founder & CEO of MultiversX, is a distinguished tech visionary and one of Europe's early blockchain pioneers. With a notable background as Product & Business at Nem Core in 2014, he subsequently founded and led MetaChain Capital as its CEO. Beniamin continues to shape the future of technology and blockchain with his unwavering vision and leadership.

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Author Profile Picture
Beniamin Mincu
Co-founder & CEO
Published on
February 14, 2022
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