MIHRA Definition
MIHRA stands for MetaFastest International Horse Racing Association, the proposed organizing association for coordinating the MetaFastest International Team Tournament and related racing activities.
Mission & Vision
Mission: Support fair, organized, transparent, and well-documented racing competitions through clear rules, responsible administration, and collaboration.
Vision: Become a trusted international racing association recognized for sporting integrity, effective tournament management, and a connected global racing community.
— Parties to the Agreement
Project Title: MetaFastest International Team Tournament
Project Organizer: MIHRA – MetaFastest International Horse Racing Association
01 Project Duration and Team Registration
The tournament will run for 120 days from the officially approved launch date. Any extension requires written approval from MetaFastest Headquarters.
02 Platform Authorization
MIHRA will provide and manage a dedicated website for team registration, participant registration, payments, race results, and tournament management.
MetaFastest Headquarters and Chairman Kang Han Chul must approve the website, payment system, tournament rules, and operating procedures before launch. No tournament operations may begin without written authorization.
03 Registration Revenue and Allocation
| Description | Allocation | Amount |
|---|---|---|
| 50 teams × 1,500 USDT | 100% | 75,000 USDT |
| Team tournament prize pool | 70% | 52,500 USDT |
| MIHRA allocation | 10% | 7,500 USDT |
| MetaFastest Global Company / Chairman Kang allocation | 10% | 7,500 USDT |
| OPEX / Philippine Admin / Operations allocation | 10% | 7,500 USDT |
| Total | 100% | 75,000 USDT |
The three 10% allocations are calculated from total registration revenue of 75,000 USDT, assuming all 50 teams register and pay.
04 Team Tournament Prize Distribution
Total Prize Pool: 52,500 USDT
| Final Ranking | Prize Amount (USDT) |
|---|---|
| 1st – Team Champion | 20,000 |
| 2nd – First Runner-Up | 12,000 |
| 3rd – Second Runner-Up | 8,000 |
| 4th – Third Runner-Up | 3,000 |
| 5th Place | 2,800 |
| 6th Place | 2,000 |
| 7th Place | 1,500 |
| 8th Place | 1,200 |
| 9th Place | 900 |
| 10th Place | 600 |
| 11th Place | 300 |
| 12th Place | 200 |
| TOTAL | 52,500 |
05 Tournament Rules and Scoring
A. Team Participation
- Maximum 50 teams; each team has 10–16 registered participants.
- Only officially designated tournament races count.
- Each participant’s results count only toward their registered team.
- All participants must follow approved tournament rules.
B. Scoring
- 1st place: One championship point.
- 2nd, 3rd, and 4th places: Used to break ties.
06 Daily Racing Entry Fee and Rewards
Proposed daily racing entry fee: 10 USDT per participant.
07 Accumulated Prizes and Withdrawals
Eligible USDT prizes awarded to winners may accumulate until the balance reaches 100 USDT. Verification and automated ledger processing apply.
08 Channel Operations and Technical Infrastructure
The tournament runs across dedicated MetaFastest racing channels with real-time scoring, live database sync, and operational monitoring.
09 Responsibilities of Each Party
A. MIHRA – Project Organizer
- Provide and manage the tournament portal and persistent database.
- Organize schedules and daily operations.
- Record and verify results and team rankings.
- Fund and distribute the approved tournament prize pool.
B. MetaFastest Headquarters
- Authorize platform integration and tournament operations.
- Approve prize structures and revenue allocations.
- Provide management oversight and server capacity.
C. OPEX / Philippine Operations
- Assist with daily tournament operations and customer support.
- Maintain operational records and result verification.
10 Financial Transparency and Records
All team registration payments, revenue allocations, prize distributions, and accumulated prizes are recorded immutably in the tournament database.
11 Term and Compliance
This agreement takes effect when executed by authorized representatives. The tournament operates for 120 days from official launch.
12 Signatures and Approval
Representative: __________________________
Signature: _______________________________
Date: ___________________________________
Chairman: Kang Han Chul
Signature: _______________________________
Date: ___________________________________
Representative: __________________________
Signature: _______________________________
Date: ___________________________________