MetaBoom Whitepaper
  • Executive Summary
  • Overview
  • Why MetaBoom
    • Current problems of web2 and web3 music space
    • Solutions and what we try to achieve
    • The actors in web3 music industry
    • The Value-Flow
  • Listen 2 Earn
    • FAITH points
    • MMU token
    • DJ Rewards Mechanism
    • Junkie Rewards Mechanism
    • FAITH-MMU Converter
    • Artists Rewards Mechanism
    • Sign-up Reward
  • Token
    • MMU Utility
    • FAITH Utility
    • The Conversion between FAITH and MMU
    • NFT Pass (Staking)
  • MetaBoom expansion
    • Earning power
    • non-earning related
    • Collabration with web3 partners
  • Tokenomics
    • Toke Supply
    • Token Distribution
  • Token Sustainability
    • Revenue
    • Treasury Pool
  • Gamification Elements
  • Social-Fi Elements
  • MetaBoom DAO
  • Roadmap
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  1. Token

FAITH Utility

PreviousMMU UtilityNextThe Conversion between FAITH and MMU

Last updated 2 years ago

FAITH is the reward point and in-platform currency of the MetaBoom world. Users can spend FAITH for activities on the MetaBoom platform. The use cases of FAITH include the following.

  • MetaBoom's Non-earning Related Accessories

    The MetaBoom is a cool music NFT player that empowers the owners to exhibit their music NFT collections and share their favorite music with the world. Each MetaBoom comes with its unique appearance. Even better, there are different kinds of accessories that can be used to decorate your MetaBoom to demonstrate your unique music taste. More detail can be found .

  • Some accessories boost the utility of the MetaBoom, for example, more soundtracks can be included in the playlist. Many fun and useful items for the MetaBoom holders to explore.

  • FAITH-MMU Conversion

    To convert FAITH to the MMU tokens, a good converter can come in handy. FAITH can be used to purchase advanced for exchange.

  • "Tip" to Artists Artists are the one who create music to rich our lives, and web3 is all about direct relationship with fans, so it goes without saying that FAITH holders can support artists they like by sending FAITH to them.

  • "Tip" to Meta DJs Meta DJs are the ones who purchase music NFTs and curate and share them to the world. Without Meta DJs' efforts, music won't spread far, so we encourage FAITH holders to support Meta DJs as well by sending FAITH to them.

  • Mystery Boxes

    Mystery boxes will be airdropped periodically to persistent participants of the MetaBoom ecosystem. Mystery boxes contain various gifts. But to make it more fun, the mystery boxes are mysteries and require spending some FAITH to reveal their secrets. Why is it so? Simple! Because there is no free lunch, the best gifts are only reserved for people who have FAITH.

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FAITH-MMU converters and reduce the cooldown time