Manta Ray Community
  • Manta Ray Network Overview
  • Join the Community
    • Start Contributing
  • Blockchain, Crypto and Web3
  • The MREV Token
    • About MREV
    • Manta Ray: Decentralised EV Network
    • Manta Ray Token Economics
    • Token Details
    • Token Distribution
    • MREV Token Address
    • Manta Ray Public Network Dashboard
    • PinkSale Presale
    • The Value of the Manta Ray Token
      • Ownership in Manta Ray is represented in the MREV token
    • Earn MREV
      • Earned MREV tokens are sent to your Manta Ray App wallet.
      • Manta Ray Nexus Program
      • Refer Hosts to the Manta Ray Network
      • Signup new drivers. Earn MREV.
  • Manage your MREV
    • Withdrawing MREV
  • Governance
    • Governance at Manta Ray
    • Use your MREV tokens to vote
    • How to Participate
    • How to Vote
    • The 4 Phases of Manta Ray Governance
      • Participate in the Process: Phase 1 | IDEATE
      • Process: Phase 2 | VOTE OFF-CHAIN
      • Process: Phase 3 | VOTE ON-CHAIN
      • Process: Phase 4 | EXECUTE
    • Governance FAQs
    • Off-Chain Voting Guidelines
    • Proposing Change on Manta Ray Governance
    • Technical Documentation for proposals and on-chain governance
  • Brand
    • Brand Guidelines and Assets
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On this page
  • What is Manta Ray?
  • Token Overview
  • Use Cases
  1. The MREV Token

Manta Ray Token Economics

What is Manta Ray?

Manta Ray is a decentralised EV Network that enables Home EV Charging points to be shared with EV Drivers by providing a liquid, algorithmically controlled marketplace, governed by network participants.

The network runs on Ethereum blockchain with a native token called MREV, which users earn by introducing and onboarding hosts and drivers to the network. In addition, hosts use MREV to enhance their listings and Drivers use MREV to enhance their proposals.

Manta Ray through the Nexus Program will partner with regional public, fleet and workplace EV Networks through the exchange of MREV tokens to pass commission and usage transactions.

Token Overview

The MREV token launched on the BNB Smartchain on 19,Sept 2022 using the BEP-20 standard. The token powers the entire decentralized network governance, incentivizing the community to build the network through referring EV Charging point hosts and EV driver, as well as verifying through Manta Ray's KYC process for secure and validated addresses and people. A supply of 250 million tokens has been created. And Manta Ray will have deflationary aspect reflecting 1% of each transactions and burning 1% of each transaction.

Use Cases

Goverance
Bid staking
User Benefits

MREV token holders can discuss ideas for improvements, propose

changes, and vote on some governance proposals. Each token represents one vote.

Talent and Charging Point Hosts can stake tokens to stand out. Token bid staking helps “un-stick,” or reduce

friction, in the network, keeping it more transparent.

Users can also earn tokens by contributing to Manta Ray Network. In the future, tokens will be redeemable for special perks

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Last updated 2 years ago