Transcript
All right folks, I think at this time we pick in.
First of all, yeah, it's the same setup once again.
We are back with another AMA. We have MJ with us.
Your favorite UBI manager, you keep seeing him on the Meta Earth's X page and the insta page.
And now he's being a very key figure on the content side of Meta Earth is the UBI manager.
And yeah folks, today we are talking about something most of you are already familiar with.
You know, when you download the MEPAS, one of the key functions that you can do within the MEPAS is daily checking.
So we're going to do a proper deep dive today.
What is it about?
You know, what is the system behind it?
What is backing it and how the rewards are stacking?
You know, if you keep doing it for five days, 10 days and then so on, how the rewards are going to improve?
Or does it really make a difference?
It just takes a few seconds of your life, but there's actually a lot more that is in there.
So once again, yeah, we have MJ with us. MJ, I'll use.
Again, hello everyone. And I hope whichever part of the world that you are, you're doing absolutely great.
Thank you for being with us again here. And yeah, as I actually drew a mention, the one of the key things and the easiest parts to participate and to be part of the ecosystem of Meta Earth is the daily checkings.
So today, I will discuss few key points because I'm not sure if everyone has read the rules of the daily checkings, what are the benefits, how they can actually benefit from it and how it works in the long term.
So we're going to talk about all of those. And at the end, also, if you have any questions, feel free to ask and yeah, let's do this.
Awesome, awesome. So just before we begin, anyone who is new, new and who's joining us for the first time today, the easiest way to get on board it into Meta Earth, the ecosystem and start your journey is to download the MEPAS.
You can visit the link tree, you can visit the website download the app from there or just go to play store or Apple store if you are on an iOS device download the MEPAS.
And hopefully by the end of the AMA, you will know what's the importance or what are the key steps in the journey.
All right, I'm going to throw you the first big question within illustrative figure, you know, Meta Earth has passed 8.4 million verified users, you know, 8.4 million.
I'm not making this up. You can go and check it out on the ME Explorer. We have 8.4 million verified users with us live sitting with us within the ecosystem.
But anyone, as I said, anyone can go to ME Explorer and see that daily check-ins are a small share of that, not all of the 8.4 million are checking in daily.
What explains the gap in very simple terms and why should people really care about it?
Well, I'm very glad that you just start from this important notes. The thing is that because as you mentioned, anyone who opens the ME Explorer, the Explorer of the Meta Earth blockchain, they can easily see the figures, they can see everything clearly and transparent with the number of the users that we are having is right now 8.4 and becoming very close to 8.5 million users.
But as you mentioned, the number of the daily check-ins doesn't really seem like matching the 8.4 million users, the millions of users that we are having.
For example, yesterday I was checking and roughly about 77,000 total check-ins it was there. So yeah, there is a gap and I will really prefer and I'll rather talk about it openly and rather than pretend that it doesn't exist.
So from my point of view, what I understood is that most of the people think that's ME PASS in Meta Earth is only about downloading the application and verifying once and that set.
And checking in something that is there in the application and sometimes they would feel like doing it and sometimes they won't.
But here's the thing, the UBI itself, everyone is eligible for all of the users that are eligible for and the daily check-in are two separate things.
Okay, if the daily check-in feels like in habits of doing something.
So a lot of people are verified, they are receiving their UBI but never check what are the other things that the application the ME PASS application actually offers.
So and they are like, what should I care? The thing is that the daily checking, as we mentioned earlier, is the simplest way to be active, to be part of this network, part of this project, part of this community.
And it rewards you. It's like a free thing you will be eligible to ask for it.
So if it is something on a table, any project or anyone is offering you why not taking it.
So today the goal is actually very simple. And by the end of this space, I would like that some of you have already been sitting on a sideline show up and we all together start doing the checking.
So yeah, we'll go through that one by one.
So if we look at meta earth as an ecosystem, we have already identified that, you know, even though there are X amount of users who are part of an ecosystem, but only a very small part of them are active daily.
There is either a huge gap in either the knowledge of what really happens when you check in daily or maybe there is something else.
Let's move forward, MJ and take us through the check in process. You know, I download my ME PASS. I have completed my facial live news check and then submit my national idea. I get my advanced verified meta earth ID.
So I've done that I get one emissi and after that, how exactly the daily check in looks like, you know, you tap the button. What exactly happens behind the scenes.
And why does it run on its own role of chain? You know, I was reading a bit of these tech papers, white papers and everything and I came across this. And I really found it interesting. If you can take us through that.
That is very interesting to ask and it might be the same question for so many of our users. So from the user points of view, it's just a click.
You just click something. There is a phrase you just type it as it appears on the screen and voila, it's done. But behind the scene, it's a bit more than that.
So here's the thing. When you click on checking and when you type up type down the phrase and you click on the checking and unchain transaction and one real transaction on the meta earth blockchain on the me network, it happens.
And it is recorded. But it is not running on the main network. What is happening is that it actually it runs on its own independence, as you mentioned, roll up.
So what is that roll up the chain is that I can explain this way actually to simplify it forever. Roll up is like highway and express way.
Okay, so it can handle a very high volume of small, very small, small, small frequent transactions, like for example, checkings and put them all together to make an efficient final transaction to record at the end of the main network.
And it keeps the main network free of everything else. Okay. So in your very first checking, it is absolutely free. You don't have to pay any fees for the first transaction up the first check.
But after that for each one transaction for the checking, there is a very tiny little gas fee of 0.001 mec token.
So that's it. Okay. So there is nothing more than that. And you're checking what actually lands directly in your me pass immediately. So once you go to your wallet, you will see the transaction happen there and it is added to your wallet balance.
But there is a practical tip here every now and then and once in a while, the roll up train actually because it's going to do some sort of data compression.
And it can take sometimes three to five minutes. So if by any chance, your checking actually was happening and you were like checking and during that small period of time, you, you, the chicken actually might not happen.
So but it is nothing broken. You're just doing it once that's the network process is doing is happening. So just wait for a couple of minutes and do it again. You will be fine.
All right. So this seems like a process where I have to be at it every single day. You know, if I can put it on my calendar or I just make it a ritual, a proper habit that I open my me pass. I click on my claim rewards daily check in.
Interesting. All right. All right. I'm removing ahead. You know, since we are talking about the daily check in and we are talking about making a habit of opening the me pass and doing the daily check.
Why does the chicken reward start small and climb up for let's say 30 days instead of paying the same amount every single day because, you know, maybe I don't do the chicken for three days, five days.
Why is this system built to award or reward the consistency from the user site from the customer site.
Again, that is a question that's even I was happening the first I was having the first very first days when I was, which I became a member of the meta earth through the me pass app.
So the thing is that we wanted to reward is like an extraordinary word is like an additional add on to for you guys users and want to reward the users who keep showing up.
Okay. And that just for a sake of tapping one bottom. Okay. So that's tapping one button. It may look in something easy, but the ones that always like on more usual, basically show up.
The one will get the biggest reward or more rewards. So here is how this is how it works on your first day, which the transaction there's no transaction fee is actually free.
Your reward is actually 0.001 me see okay and you may ask okay, so this is the same value of the transaction fee that I'm going to pay the next day.
Yeah, that's the whole point that's exactly why we made the first day free of charge. Okay, but on the second day, the amount is being added up to is being increased to 0.002.
Okay, and it keeps climbing up every day by day like on the third day it's going to be 0.003 then 0.004 then 0.05 until the 30th day where it which is 0.003. Okay, so you're one decimal less.
That is the 30 times where compared to your first day, where you start.