FAITH-MMU Converter
How to convert your FAITH to MMU?
Last updated
How to convert your FAITH to MMU?
Last updated
Every FAITH is an in-platform point but it into our native ERC-20 token MMU, which price is determined by the market.
The FAITH-MMU converter is a MetaBoom utility tool that converts FAITH to MMU. Every FAITH-MMU converter has a fixed capacity of FAITH. Each account has a limited number of converters one can hold depending on the account type as listed below.
Converters limit per account:
Music Junkies (without any ): 2 converters
Common MetaBoom or Bronze L2E holders: 3 converters
Rare/Epic MetaBoom and Silver L2E holders: 5 converters
Mythical/Mythical theme MetaBoom and Gold L2E holders: 8 converters
There are different types of converters. More advanced converters have a larger capacity or shorter conversion time. Since the total number of converters an account can hold is limited, users can choose to upgrade their converters. Every converter has a fixed capacity of 500 FAITH.
Converter rank specifications: (Note: The prerequisite is the minimum requirement for using a specific rank of the converter. Users who are qualified for a higher rank converter are automatically qualified for lower rank converters as well.)
Basic converter:
Prerequisite: None
Base conversion time: 7 Days
Common converter:
Prerequisite: Common MetaBoom or bronze L2E holders
Base conversion time: 4 Days
Rare converter:
Prerequisite: Rare MetaBoom
Base conversion time: 3 Days
Epic converter:
Prerequisite: Epic MetaBoom or silver L2E holders
Base conversion time: 2.5 Days
Mythical converter:
Prerequisite: Mythical/Mythical theme MetaBoom or gold L2E holders
Base conversion time: 2 Days
Note that the converter would be deactivated if the account no longer meet the prerequisite, and all converters are not transferable.
FAITH-MMU Conversion Process
Conversion Time
To exchange for MMU, FAITH should be deposited into the converter and the holders can submit the exchange request. The platform will process the transaction after the conversion time. The conversion time of a request varies according to the total number of currently queued requests. When there are more people waiting in the exchange queue, the conversion time is longer. The user can spend their FAITH to shorten the conversion time of a particular exchange request.
The formula:
Conversion time = base conversion time * ( 1 + adjustment factor ) - acceleration time, where
base conversion time = as specified for different types of converter
adjustment factor = max( total amount of MMU to be exchanged in the queue / 168k - 1, 0 )
acceleration time has the unit of 1 hour and each additional unit can be acquired by spending 10 FAITH. The maximum amount of acceleration time for one transaction is 12 hours.
How to obtain a FAITH-MMU converter?
There are several ways to obtain a FAITH-MMU converter.
FAITH-MMU converters can be bought with FAITH in the MetaBoom official supply store.
To convert FAITH to MMU, one of the available converters should be selected and fill FAITH to its maximum capacity, then submit it to the conversion queue. The and the conversion time for this particular conversion would be calculated immediately for the holder to review to decide if to do the actual conversion. Once approved, the conversion will be completed after the conversion time and the MMU will be sent to the holder's wallet.
A basic converter will be given for free as a to users.
Shards of some FAITH-MMU converters can be found in the , which can be assembled to become a FAITH-MMU converter.