Sources & sinks

Sources (demand‑side inflows)

• Social/quests: ME → daily pro‑rata redemption into $MY.

• Live/creation: Direct $MY demand via tips/memberships/gifts.

• Merchant tools: Campaign fees, inventory minting, advanced analytics in $MY/discounted via $MY.

• Ecosystem subsidies: Partnerships/city ops procure $MY for incentives (GMV‑based).

• Staking/bonds: Nodes, merchant higher privileges require $MY staking.

Sinks (outflows)

• Payments: FX (platform portion), fixed card fees (platform portion), anchor fees, memberships/boosts/consumables.

• Behavior penalties: Fraud slashing, early‑unlock, blacklist burns.

• Buyback & burn: From PayFi net revenue and ecosystem surplus—TWAP‑band buys and periodic burns.

Anti‑Sybil & methodology:

ME weights validated by device/behavior/geo/merchant features; low‑quality ME excluded from denominators.

Real consumption turns subsidies into repeat purchases and attention into GMV, thereby forming a non-speculative, long-term demand side.