FAQ

BIB Meta is the world’s first Web3 ecosystem of crypto exchange constructed by BIB Exchange. It embraces DeFi, NFT, GameFi and so forth that have been developed into a multi-dimensional gigantic Web3 ecosystem supporting the sale of NFT, trading, fusion, match prediction, card collection, community node, virtual sports games, etc.

The integration of Web3 and centralized exchange promotes: a. Solution to the problems of traffic and capital; b. Web3 asset security; c. User privacy; d. Convergence of NFT, DeFi and GameFi to address ecological construction

BIB Meta trails a blaze to the door of future by foregrounding the concept of decentralization which emphasizes transparency and control over personal assets. In BIB Meta, all users are allowed to mint, purchase and trade NFTs to take part in various dimensions of the ecosystem such as community nodes, staking, GameFi for attractive profits. With this, the users are not only the creators of data but also the beneficiaries of the value of data.

In order to enrich the ecosystem, BIB Meta works with BIB Exchange to create a Web3 ecosystem that provides mutual empowerment. Among which, the BIB Exchange provides various ecological functions such as discounts in regards to trading fee, IEO whitelist and token dividends to empower BIB Meta. On the other hand, BIB Meta supports BIB Exchange through a diversity of projects such as community nodes, NFT, GameFi, etc.

a. Minting NFT through BIB token;

b. Token dividends in BUSD;

c. Staking;

d. Join various gameplay in GameFi

2022.3 Formation of project team

2022.6 Launch of official website

2022.7 Release of project whitepaper

2022.8 "Audit report of BIB Token’s smart contract Audit report of BIB Meta NFT"

2022.9 "BIB Token IDO/IEO Whitelist presale for BIB Meta trading cards Auction for BIB Meta super trading cards Staking of trading card NFTs"

2022.10 "NFT trading Fusion/Expedited fusion of trading card NFTs Public sale of BIB Meta super trading cards Launch of online Match Prediction"

2023.Q1 "Launch of card collection achievement system Launch of peripheral merchandise mall"

2023.Q2 Launch of BIB Token Lending and other DeFi services

2023.Q3 Launch of BIB Meta cross-chain protocol

2023.Q4 Unlocking of Euro Cup and more sports or e-sports gameplay

The NFTs in BIB Meta are creatively crafted trading cards featuring 160 exclusively picked football stars from Qatar World Cup 2022 which support ERC721A protocol.

The 160 football players will be graded in accordance with tiers of S/A/B/C based on their ratings, in which the numbers of trading cards available for each of the tiers are 10/30/50/70 respectively.

Each football star has 150 1-star trading cards made available for sale, and every 5 trading cards can be fused into one with higher star. Additionally, there are 10 3-star cards of tier S football stars available for auction.

The core gameplay of NFT in BIB Meta lies upon the NFT trading cards with star ranking and tiers which these properties are highly correlated with users’ staking profits (refer Profits of Ordinary and Super Nodes).

In BIB Meta, BIB token provides a higher level of liquidity to NFT on top of its value. In other words, staking NTF in BIB Meta for BIB token leads to the certitude that a BIB token is actually equivalent to a secondary token of NFT. In the future, the rank of the NFT held by a user will be closely associated with that user's rank respecting rights and benefits in BIB Meta.

The main dimensions of the ecosystem include NFT minting, fusion, staking, marketplace, GameFi and community nodes that provide deep and strong empowerment to NFTs.

Users may obtain NFT through two ways:

a. Mint a NFT using BIB token or BUSD (the spent BIB tokens will all be burnt);

b. Trade freely at secondary marketplace

The whitelist of BIB Meta NFT can be attained by meeting the requirements along with completing 60 points worth of relevant tasks. It allows the minting of 3 NFTs and is offered during the presale period on first-come, first served basis.Join now. Whitelist presale: eptember 29, 2022 00:00 - October 14, 2022 23:59 (UTC+8)

Fusion. 5 same NFTs with same star level can be fused to ascend (e.g. Five 1-star Messi NFTs can be fused to form one 2-star Messi NFT and so on) which the higher the star level of a NFT, the higher its value.

a. Obtain BIB tokens through staking NFT. Trading card NFTs are categorized into different tiers which the higher the tier, the more the weight of a particular NFT. Staking profits of address A = (total weight of the trading cards with Address A / total weight of the trading cards staked in the contract) * staking bonus released

b. Become a community node through staking to earn attractive BIB token dividends

The creation of an ordinary node can be done through staking a 3- or 4-star trading card and delegate a certain amount of BIB tokens as initial capital of the node. Successful creation of an ordinary node grants the owner a NFT credential which the node owner will own the rights to adjust the initial capital amount. Without having to migrate the BIB tokens that are staking in progress, the smart contract allows the supporter users to upgrade a 3-star node into 4-star. Ordinary nodes can be delegated to the super node as a whole to receive BIB Meta profit dividends with the weight of 0.9 within the super node (refer Super Node’s Profit Dividend for details).

With Top 30 of total delegation from users and other community nodes, a community node without superior node will be automatically upgraded to become a super node (Relationship with superior node has to be terminated in order to become a super node).

The benefits of super nodes arise from: delegation profits from initial capital of node, exclusive profits from super node and NFT staking profitsa.

a. The profit pool of community nodes represents 55% of the total，among which 80% of it is distributed to users who delegate BIB tokens to the nodes and the rest of 20% belongs to the node owners according to the weight of a particular node. Precisely, the super node has the highest weight of 1 and the weights of super subordinate, ordinary and ordinary subordinate nodes are 0.9, 0.8 and 0.72 respectively.

b. The exclusive profit of super nodes takes up 5% of the total profit pool and is distributed to super nodes on a monthly basis according to the total delegation ratio (including the delegations from subordinate nodes).

c. NFT staking profit accounts for 40% of the total profit pool which is only available for users who stake their trading card NFTs and the weights are dependable on the star levels and tiers of the cards.

Yes. No matter if it is an ordinary or super node, the owner of a particular node can transfer the node ownership by trading the NFT credential. Please be reminded that the corresponding trading card NFTs and initial capital of the node will also be transferred with such transaction.