What is Mead and how does it work?

MEAD is the utility token for The Tavern and is integral to the gamification elements of the project. MEAD was launched with a starting price of $1 and an initial supply of 2,500,000 MEAD split as follows: • 54% Rewards reserve (10% reserved for LP rewards) • 10% Treasury reserve • 16% Whitelist Presale • 20% Liquidity – Locked for 1 year.

What is token?

English Language Learners Definition of token. (Entry 1 of 2) : a round piece of metal or plastic that is used instead of money in some machines : an object that looks like a coin and is used in place of a coin. : something that is a symbol of a feeling, event, etc.

What is the tavern (Mead)?

The Tavern is a project launched on the Avalanche network on the 11th of March 2022. It can be described as a Passive Income Protocol (PIP) that combines combining gamification, NFTs and a treasury-backed token all in one. MEAD is the utility token for The Tavern and is integral to the gamification elements of the project.

What is token-based authentication?

Token-based authentication is different from traditional password-based or server-based authentication techniques. Tokens offer a second layer of security, and administrators have detailed control over each action and transaction. But using tokens requires a bit of coding know-how.